Banking Awareness

1. The business correspondence model being adopted by the banks providing banking facilities to which of the following?

a. Only corporate borrowers           b. only weaker sections the society and people of small villages  c. only those who are taking home loans         d. All of the above

2. Which of the following agencies/ organizations in India maintains the micro finance development and equity fund which was in news recently?

National Bank for Agriculture and Rural Development (NABARD).

3. As per news in various newspapers “KFW” group released another installment of its financial aid to India. KFW is an organisation/ bank based in?

Germany.

4. Which of the following agencies/ organizations has decided to make major changes for ULIPs?

IRDA

5. Which of the following is not a financial term?

a. Acid test    b. Double fault    c. Gross profit         d. Depreciation e. Cashflow

Double Fault

6. In the terms of economics, the recession occurring two times with a small gap in between is known as _______?

Double dip recession

7. A consortium of commercial banks has joined hands to float a new company which will collect data related to frauds and security risks. Which of the following is the name of the company.

Loss data consortium

8. As per newspaper reports the bank of Japan, which is the central bank of the country, took special measures, first time in last six years, to contain the rise in the value of yen. Why did Japan had to take this special measure which surprised many countries?

1. Japan was fearful that a rising currency would damage its export-led recovery plan.
2. It was one of the measures taken by Japan to come out of its economic setback it suffered in the recent past.
3. Both a and b are true.

9. The Reserve Bank of India has setup a working group to review current operating procedure of monetary policy including ‘LAF’. What is full form of ‘LAF’?

Liquidity Adjustment Facility

10. Which of the following agencies/ organizations plays a major and crucial role to moderate & control inflation in a country?

Central Bank of the country

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