IBPS Preparation

Banking Awareness, IBPS Exam Preparation, PO, RRB, IT Officer

Important Question for Banking Awareness

Banking Awareness Question Answer

1. Loans of very small amounts given to low income goups is called-

A. Cash credit.

B. Micro credit.

C. Simple overdraft/ Pay order.

D. No frills loans.

2. What is the full form of "LAF", related to monetory policy of the Reserve Bank of India?

A. Liability and adjustment facility.

B. Liquidity adjustment facility.

C. Linear adjustment facility.

D. None of these.

3  Full form of the term "FINO" is-

A. Financial inclusion network and operations.

B. Financial inclusion news and operator.

C. Financial investment network and operations.

D. None of these.

4. Banks in India are regulated by-

A. Banking regulation Act, 1949

B. RBI Act, 1934

C. Companies Act.

D. Guidelines of SBI.

5. What is the full form of ULIP?

A. Unit linked insurance plan.

B. Unreserved linked insurance plan.

C. Unit liable insurance plan.

D. Union Liberty in Planning.


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