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

2. 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?

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

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

5. What is the full form of -˜FINO-™ a term we see frequently in financial newspapers?

6. Which asset can be mortgaged?

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

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

9. What is the mean of NEFT?

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

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

12. Which is a Credit Card Association?

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

14. 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?

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

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

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

18. As we all know DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP ?

19. What is money laundering?

20. What is the expand term of FLCC?

21. Which is not an electronic Banking delivery channel?

22. What are fixed deposits and recurring deposits?

23. What is Mortgage?

24. What is the mean of Bad debts?

25. Basel-II norms are associated with which aspect of the banking industry?

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