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...
Banking Quiz Set- 22
1. How Commercial banks can regulate money supply?
(a) Printing of one rupee notes
(b) Augmentation of savings and time deposits
(c) Provision of high denomination notes
(d)...
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 It runs like a current account except that the money that can be withdrawn is not...
All About Electoral Bond Scheme 2018
Electoral Bond is a bearer Banking Instrument to be used for funding eligible Political Parties. An eligible Political Party is the one registered under...
All About Micro Units Development and Refinance Agency Bank ( MUDRA )
Micro Units Development and Refinance Agency Bank (or MUDRA Bank)
Is a public sector financial institution in India.
Provides loans at low rates to...
Banking Quiz Set- 21
Q1. Increase in deposit rate results in ________?
a) Lower savings
b) Lower investments
c) Increase in bank branches
d) Increase in savings
e) None of the Above
Answer:- d)...
All you wanted to know about NBFCs
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of...
Banking Quiz Set- 20
1. IPO, what do you mean by “P”?
a) Provisions
b) Public
c) Private
d) Prudent
e) Pension
2. AMFI, what do you mean by “M”?
a) Mutual
b) money
c) Managing
d) Miscellaneous
e)...
Banking Quiz Set- 19
Q1. Headquarters of "Indian Overseas Bank" is located at:
a) Chennai
b) Trivendrampuram
c) Pune
d) Kolkata
e) None of The Above
Q2. Head office of "Axis Bank" is situated...
Banking Quiz Set- 18
1. Crossing denotes
(1) that the cheque will not be paid across the counter but will be credited to the account of the holder
(2) that...
