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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. Fiscal policy in India is formulated by which ministry?

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

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

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

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

6. Which is a Credit Card Association?

7. What is the maximum permissible limit for investment in PDF account in a financial year?

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

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

10. What is the expand term of FLCC?

11. Which is the loan of very small amounts given to low income groups?

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

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

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

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

16. -˜Crossing-™ applies to which instrument?

17. What is the mean of NEFT?

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

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

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

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

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

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

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

25. Which is not an electronic Banking delivery channel?

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