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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 is -˜material alteration-™ of a negotiable instrument?

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

3. Many times we read about SHGs in financial newspapers. What is the full form of the term?

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

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

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

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

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

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

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

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

12. By which is insurance cover for bank deposits in our country provided?

13. Why does depreciation of an asset occur?

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

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

16. 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?

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

18. What is money laundering?

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

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

21. On domestic term deposits banks in our country generally offer additional rate of interest on term deposits from which citizens?

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

23. What are fixed deposits and recurring deposits?

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

25. What is the mean of Bad debts?

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