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General Knowledge :: Banking Awareness

Banking Awareness - section-1
  1. Loan of very small amounts given to low income groups is called

    2. A.

     Cash credit
    B.

     Micro credit
    C.

     Simple overdraft
    D.

     No frills loans

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

    3. A.

     Corporate Debt Restructuring
    B.

     Corporate Debt Rollover
    C.

     Company Debt Rollover
    D.

     Corporate Deposit Restructuring

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  3. Expand the term ALM as used in Banking/Finance sector ?

    4. A.

     Asset Liability Maturity
    B.

     Asset Liability Mismatch
    C.

     Asset Liability Management
    D.

     Asset Liability Manpower

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  4. Cash Reserve Ratio (CRR) and Statutory’ Liquidity Ratio (SLR) are terms most closely related to which of the following industries / markets?

    5. A.

     Capital Market
    B.

     Banking industry
    C.

     Commodities market
    D.

     Money Market

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

    6. A.

     3 years
    B.

     5 years
    C.

     7 years
    D.

     10 years

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  6. What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news?

    7. A.

     Liquidity
    B.

     Least
    C.

     Liabilities
    D.

     Long

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  7. Which of the following is a correct statement ?

    8. A.

     Normally no interest is paid on current deposit accounts.
    B.

     Interest is paid on current accounts at the same rate as term deposit accounts.
    C.

     The rate of interest on current account and savings account are the same.
    D.

     No interest is paid on any deposit by the bank.

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  8. Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?

    9. A.

     Increase in CRR
    B.

     Increase in SLR
    C.

     Contraction of supply of currency
    D.

     Raising of Repo/ Reserve Repo Rate

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  9. What do you understand by the term ‘Mortgage’?

    10. A.

     Registration of charge with the Registrar of Companies
    B.

     Making the security of immovable property available as a cover for a home loan by the borrower.
    C.

     Sale of moveable security in the event of default by the borrower
    D.

     Registration of charge with the Regional Transport Authority

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  10. Which of the following is NOT a source of funds of a commercial bank?

    11. A.

     Capital
    B.

     Call money
    C.

     Deposits
    D.

     Cash reserves with RBI

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