Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

RBI ACT Tenure Table > Tenure Table > Flashcards

Tenure Table Flashcards

1
Q

Appointment of Guv & DG’s for a single term and can be re appointed

A

5 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

For 14 Directiors,

A

4 Years, Max 8 Years with only once reappointment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

For Local Board Members,

A

4 Years, Max 8 years with only once reappointment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Export related almost all

A

180 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Direct transaction in BoE and P. Notes bonafide Commercial transactions

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Direct transaction in BoE and P. Notes for Agriculture Purpose

A

15 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Direct transaction in BoE and P. Notes for Cottage and Small Scale Industries

A

12 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Direct transaction for Trading in G-secs

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Direct transaction in Foreign BoE and P. Notes (parties SCB and StCB) Export Related

A

180 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Direct transaction in Foreign BoE and P. Notes (parties SCB and StCB) commercial transactions

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Loans and advances to SCB and StCB against declaration in writing pledging(that it holds such) BoE and P.Notes

A

180 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Loans and advances to SCB, StCB, SFC & Local Authority against security of Stocks/funds/Securities/Gold/Silver/ BoE-P.Notes Fully Guaranteed provided nothing is used for Exports

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Loans and advances to SFC against G sec or buying their bond fully guaranteed by govt
Limit (2x paid up capital)

A

18 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Loans and advances to Industrial Finance Corporation short term

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Loans and advances to Industrial Finance Corporation long term pledge G-Sec any maturity

A

18 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Loans and advances to any financial institution notified by GOI short term

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Loans and advances to any financial institution notified by GOI long term pledge G-Sec any maturity - Limit 60% of paid up capital

A

18 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Loans and advances to UTI short term

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Loans and advances to UTI long term pledge G-Sec any maturity

A

18 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Loans and advances to warehousing Corporation under Agricultural Produce Act, 1956 short term

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Loans and advances to warehousing Corporation Long Term -
limit for both maturity - Central Warehouse - 3 Crore , State Warehouse - 50 lakhs

A

18 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Loans and advance to NABARD

A

18 Months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Loans to SIDBI/ EXIM/NBFID/ Reconstruction Bank long term

A

5 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Loans to SIDBI/ EXIM/NBFID/ Reconstruction Bank Short Term

A

90 Days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Loans to Central and State Govt
3 Months
26
Borrowing by Bank(RBI) - Limit within in India - 5 Cr, Outside nothing given means no limit
1 Month
27
Lender of last resort
90 Days
28
Report relating to superseding Central board to be laid before Parliament
3 Months
29
BoE as Asset of Issue Department
90 Days
30
Foreign Security of Foreign Govt or any Multilateral Organisation
10 Years
31
Permission for suspension of Asset Requirement under Foreign Securities from Issue Department
6 Months and then for every 3 months
32
For submitting CRR report fortnightly, last Friday of the month if not reporting friday and provisional return of fortnight incase of geographical inabity - timelines
7 Days
33
For submitting CRR report Monthly and final Report of fortnightly incase of grographical inabity - timelines
20 Days
34
Penalties to be paid or else bank may approach court
14 Days
35
NBFC needs to apply for register with RBI from April 1997
6 Months
36
For bringing in NOF by NBFC (Maximum 6 Years)
3 Years
37
For informing to the RBI when NOF is attained
3 Months
38
For paying penal Interest for non maintenance of SLR by NBFC other wise court
14 Days
39
To report appropriation (spending) through Reserve Fund by NBFC to RBI (may be condone at the wish of RBI)
21 Days
40
If the Director of a NBFC is removed, then he shall not take part in the management of any NBFC for period not more than 5 Years at a time
5 Years
41
Any Director nominated in place of the removed director shall hold office during the pleasure of RBI but not excedding 3 years
3 Years
42
The Board should be superseded for period not more than 5 years
5 Years
43
In case of alienation of Assets, NBFC cannot sell without prior approval for 6 months from the orders of Alienation
6 Months
44
If NBFC prohibited from receving deposit for more than 3 Months, RBI can file petition for winding up
3 Months
45
Deposit accepted by unincorporated association of Individuals before 1st April 1997, shall be returned within 3 years, or Maturity whichever is earlier
3 Years
46
For Deposit accepted under Sec 45S maximum 1 year extention over 3 years can be given only if repayment is causing extreme hardship
1 Year
47
In case of regulator interconnectedness the joint committee should take a decision within
3 Months
48
Inflation target once in 5 Years
5 Years
49
Age criteria for MPC member appointed by GOI
70 Years
50
Maximum tenure without reappointment for MPC member appointed by GOI
4 Years
51
MPC member notice period for resigning to GOI
6 Weeks
52
Schedule of MPC meeting before first MPC meeting
1 Week
53
Publishing Minutes of MPC meeting
14th Day
54
Factors that constitute to failure of MPC to maintain target should be notified by Central Govt in the Official Gazette within 3 months
3 Months
55
Appointment of RBI auditors and eligible for reappointments
1 Year
56
RBI to submit Annual accounts to the central govt
2 Months
57
Deputation of RBI officers (UTI/ IDBI) under sec 54AA
30 Months
58
For Any regulation by Central Board to be laid before each house of Parliament
30 Days
59
Imprisonment for false or will omition of statuory information and Fine
3 Years
60
Imprisonment for contravening 45E or Fine upto Rs. 1000 or both
6 Months
61
Imprisonment for contravening 45IA and fine Rs. 1 to 25 lakhs
1 to 5 Years
62
Imprisonment for contravention of Company Law Board 45QA and fine not less then Rs 5000 every day
3 Years
63
Any person other than auditors - receives any deposit, fails to comply directions of Chapter III B, issues prospectus not as per 45J will be punished by imprisonment upto 3 years and fine of twice the deposit received of amount advertised
3 Years
64
Imprisonment for contravention of 45S and fine upto twice of deposit amount or Rs 2000 whichever is more - and if cannot give reason to why the deposits were accepted than imprisonment not less than 1 year and fine not less than Rs. 1000
2 Years
65
Penalties to be paid u/s 58G or else bank may approach court
30 Days

RBI ACT Tenure Table (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions