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

2. What is money laundering?

3. Monetary Policy as an arm of the economic policy is administered by which bank?

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

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

6. What are fixed deposits and recurring deposits?

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

8. Why does depreciation of an asset occur?

9. What is meant by financial inclusion?

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

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

12. Many a time we read a term -˜PPP-™ in financial dailies/magazines. What is the full form of the same as used in financial world?

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

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

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

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

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

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

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

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

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

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

23. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

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

25. Which is a Credit Card Association?

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