Banking Quiz Set- 30
1. Interest payable on savings bank accounts is._________________
(A) not regulated by RBI
(B) regulated by Sate Governments
(C) regulated by Central Government
(D) regulated by RBI
(E) regulated...
Banking Quiz Set- 26
1.One rupee notes and coins are issued by__________
(1) Reserve bank of India
(2) State Bank of India on behalf of Government of India
(3) RBI
(4) Finance...
Banking Quiz Set- 25
Q1. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:
a) Narashimham Committee
b) Ghosh Committee
c) Chore...
All About Interest Rate
Interest is what lenders (banks or other financial institutions) charge you for using their money. The interest rate charged is a percentage of the...
Banking Quiz Set- 24
1. Lien is ___________
(a) transfer of ownership to the lender
(b) a right of a person to retain the goods which is in his possession,...
All About Term Loan
Term Loans are loans offered to businesses for their expansion, capital expenditure and for fixed assets. These are generally short-term loans, having a tenure...
Banking Quiz Set- 23
1. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable
property except for its own use for a period...
All about OVERDRAFT ACCOUNT
An overdraft facility allows you to write cheques or withdraw cash from your current account up to the overdraft limit approved. It is a...
All About CASH CREDIT (CC) ACCOUNT
CASH CREDIT (CC) ACCOUNT is the primary method in which banks lend money against the security of commodities and debt. It runs like a current account except that the money that can be withdrawn is not...
