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Important Banking Awareness Questions and Answers
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Important Banking Awareness Questions and Answers
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25 Questions

1. Which are the bank branches that can undertake foreign exchange business directly are known as in foreign exchange.

2. What is the Expand term of ALM as used in Banking/Finance sector ?

3. What is the expand term of FLCC?

4. Assume that Reserve Bank of India reduces the Bank Rate by 1% what will be its impact?

5. By whom are Savings-™ bank accounts opened?

6. Which is not an electronic Banking delivery channel?

7. What is the mean of NEFT?

8. What does the letter -˜L-™ stands for in the term LAF commonly used in financial/economic news?

9. What does the lowering of Bank Rate by the Reserve Bank of India leads to

10. If PAN details are not provided the TDS is deducted at which rate?

11. Many times we read about -˜Hawala-™ transactions in newspapers. Hawala in India is prohibited under the provision of which Act?

12. Which is foreign bank having offices/branches in India?

13. Which agency/organization in India maintains the Micro. Finance Development and Equity Fund ?

14. The Govt. of India has acquired RBI-™s stake in one of the major banks of India. Which that bank?

15. By which bank is the rate of interest on Savings Bank Account stipulated?

16. Credit Cards are known by which another name?

17. What is the full form of -˜ULIP-™ the term which was in the news recently?

18. Lending to Micro Finance Institutions by Bank considered as finance to which sector?

19. Which state became the first state in the country to launch RBI-™s e-payment system for commercial tax payers?

20. Many times we read a term CBS used in banking operation. What is the full form of the letter -˜C in the term -˜CBS-™ ?

21. Which loan constitutes the largest percentage of Retail loans in India?

22. Many a times we read in the news paper about CASA deposits of banks. CASA what are deposits?

23. Which is the largest shareholder (in percentage shareholding) of a nationalized bank?

24. Interest payable on savings bank accounts is regulated by which bank?

25. Whose signature is found on a 50 rupee currency note in India?