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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 loan constitutes the largest percentage of Retail loans in India?

2. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?

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

4. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of which citizens?

5. Which is a Credit Card Association?

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

7. Many times we read the term -˜ECB-™ in newspapers. What is the full form of -˜ECB-™ ?

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

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

10. What is the name of cheque when a bank returns unpaid?

11. A bank branch receives a counterfeit note of Rs. 100 from the customer which customer wants it back. Which action should be taken by the Bank?

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

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

14. For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?

15. Fiscal policy in India is formulated by which ministry?

16. What is money laundering?

17. What is the expand term of FLCC?

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

19. In India which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

20. What is meant by financial inclusion?

21. Credit risk to the bank is high from which of these cards?

22. Which reserves can act as a liquidity buffer for commercial banks during crisis times?

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

24. Interest on savings bank account is now calculated by banks on which basis?

25. Almost all banks in our country have introduced which facility for granting crop loans to farmers?

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