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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. When a banker talks about CDR what is he talking about?

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

3. Which accounts are allowed to be operated by cheques?

4. Credit Cards are known by which another name?

5. What type of loan is granted by banks for purchase of white goods?

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

7. What is the mean of NEFT?

8. In our country till when a cheque remains valid for payment for from the date of issue?

9. What is money laundering?

10. Cash Reserve Ratio (CRR) and Statutory-™ Liquidity Ratio (SLR) are terms most closely related to which of the following industry/ market?

11. Which instrument cannot be transferred from one person to another by endorsement?

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

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

14. Which is -˜material alteration-™ of a negotiable instrument?

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

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

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

18. Which will setup sore banking infrastructure for rural banks?

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

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

21. The letter -˜F-™ denotes which word in the term IFRS?

22. What are fixed deposits and recurring deposits?

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

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

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

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