Banking Awareness Study Materials

Here are some important questions and answers for Banking Awareness, these are important for Bank Exams like IBPS clerk, IBPS PO,

please read all section of banking awareness, this will help you to crack the IBPS Exams

>> Expand HNI ?
Ans. High Network Individuals. These are the customers who are profitable to the bank

>> Expand CBS?
Ans. Core Banking Solutions. Core banking is done by this

>> Expand LAS?
Ans. Loan Against Security. It is the way by which banks are giving loans cosidering the shares with the customer

>> Expand LAP?
Ans. Loan Against Property

>> What is also known as plastic money?
Ans. ATM Debit Card

>> What is the maximum which can be deposited into the your bank account through ATM?
Ans. Rs.40000 or 40 notes

>> Expand CTS?
Ans. Cheque Trangation System

>> A money deposited at a bank that cannot be withdrawn for a present fixed period of times is known as ________?
Ans. Term Deposits

>> The term ‘Smart Money’ refers to what?
Ans. Credit Cards

>> Bank advances of a bank are called ________?
Ans. Non Performing Asset

>> Axis is a ________ type of bank?
Ans. Private Sector Bank

>> RBI has decided to allow common ATM’s that will be owned and managed by non banking institutions. Such ATM’s are known as ______?
Ans. White label ATM’s

>> Expand NEFT?
Ans. National Electronic Fund Transfer system

>> What is ‘Cross selling’ by banks?
Ans. Sale of insurance policy to a depositor

>> Who is the largest shareholder of a nationalised bank?
Ans. Govt. of India

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>> Which is the a form of “Small savings Banks” popular among the poor or the children?
Ans. Piggy banking

>> What is Repo rate?
Ans. It is the rate at which RBI sell Govt. securities to banks

>> The maximum amount of the total revenue earned by the govt of India comes from?
Ans. Excise duty

>> Expand SLR?
Ans. Statutory Liquidity Ratio

>> Currency Swap is an instrument to manage______?
Ans. Cash flows in different currencies

>> Inflation in India is measured on which of the following indexes?
Ans. Wholesale price index

>> The stock market index of London stock exchange is known as ________?
Ans. Footsie (FTSE)

>> Expand GDR?
Ans. Global Depository Receipts

>> Which organisation is known as the market regulator in India?

>> Expand SEZ?
Ans. Special Economic Zone

>> _______ is called as the percentage of deposit banks keep in reserve with them?
Ans. Cash Reserve Ratio (CRR)

>> When an agent asks a customer to invest in Mutual Fund products without telling about the risks involved in the investment, it is known as ______?
Ans. Mis-Selling

>> Expand SLR?
Ans. Statutory Liquid Ratio

>> What is meant by Bank Rate?
Ans. Rate at which RBI purchases or re-discounts bills of exchange of commercial banks

>> What is an Indian Depository Receipt ?
Ans. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

>> An instrument that derives its value from a specified underlying (currency, gold, stocks etc.) is known as what?
Ans. Derivative

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>> What is Fiscal deficit?
Ans. Total expenditure less total receipts excluding borrowing

>> In the Capital Market, the term arbitrage is used with reference to what?
Ans. simultaneous purchase and sale of securities to make profits from price

>> What is meant by Reverse repo?
Ans. Absorption of liquidity from the market by sale of Govt. securities

>> Currency Swap is an instrument to manage ________?
Ans. cash flows in different currencies

>> What is ‘Sub-prime’?
Ans. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards

>> Which is the first Indian company to be listed in NASDAQ ?
Ans. Infosys

>> What is the logo of Bank of Baroda known as?
Ans. Baroda Sun

>> Expand ‘M’ in ‘M-Banking’ ?
Ans. Mobile Banking

>> Using which indexes/indicators is Inflation in India measured?
Ans. Wholesale Price Index and Consumer Price Index

>> Expand PSUs?
Ans. Public Sector undertakings

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