Latest basic to advanced static banking awareness quizzes with explanation for bank This type of buying and selling of loans in the banking sector is popularly. Solve this set of 10 questions made on banking sector in India. It has answers and explanation of the questions. Banking G.K.. Topicwise Questions - Banking and RBI related Questions. 1. Which of the following public sector banks has the largest number of branches in.


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Set up in through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Treasury bills T-Bills are the short term liabilities of the central government.

There are no treasury bills issued by state government.

Minimum amount of T —Bills is Rs. It is a short term money market instrument issued in the form of promissory note. Corporate; primary dealers and the all India financial institution are eligible to issue CP.

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The maturity period of each commercial paper is 7days to 1year from the date of issue. CP can be issued denominations of Rs.

Banking Awareness Notes PDF

Customer Relationship Management CRM refers to the ability to understand, anticipate and banking sector general knowledge the needs of the customer, interaction and relationship resulting in increased profitability through revenue and margin growth and operational efficiencies.

What is Right to information Act?


Banking sector general knowledge Right to Information act is a law enacted by the Parliament of India giving citizens of India access to records of the Central Government and State governments.

This law was passed by Parliament on 15 June and came fully into force on 13 October A true economic recession can only be confirmed if GDP Banking sector general knowledge Domestic Product growth is negative for a period of two or more consecutive quarters.

Forward contract in foreign exchange transaction, is a simple form of a derivative. What is a Repo Rate? Repo rate is the rate at which our banks borrow rupees from RBI.


Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI banking sector general knowledge more expensive What banking sector general knowledge Reverse Repo Rate?

This is exact opposite of Repo rate. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest.

An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. What is CRR Rate?

Banking Awareness basic questions

If RBI decides to increase the percent of this, the available amount with the banks comes down. What is Bank Rate? Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and banking sector general knowledge that it extends to commercial banks and other financial intermediaries.

Changes in the bank rate are often used by central banks to control the money supply. The Prime Interest Rate is the interest rate charged by banks to their most creditworthy banking sector general knowledge usually the most prominent and stable business customers.

The rate is almost always the same amongst major banks.

Adjustments to the prime rate are made banking sector general knowledge banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate.