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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. What is meant by financial inclusion?

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

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

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

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

6. Why does depreciation of an asset occur?

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

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

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

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

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

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

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

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

15. Which institution is involved mainly in granting Housing Loans?

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

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

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

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

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

21. Which asset can be mortgaged?

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

23. What is the mean of Bad debts?

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

25. Which is a Credit Card Association?