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General Knowledge - Banking Awareness


Home: General Knowledge: Banking Awareness

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In this page you can learn and practice General Knowledge Questions and Answers on Banking Awareness with detailed solution. These questions and answers will help you to prepare for various competitive exams (UPSC, SSC, PSC, Bank, Railway, Insurance), Entrance Test (CAT, MAT, XAT) and Job interviews.

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Topic: Banking Awareness Questions and Answers


  • ⇛ Banking Awareness: Banking Awareness Page 5

21.

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

A. Cash credit.
B. Micro credit.
C. Simple overdraft.
D. No frills loans.

22.

Reserve bank of India (RBI) was established in-

A. 1935
B. 1938
C. 1947
D. 1948

23.

Which is the wrong statement in case of Bank Rate?

A. Banks borrows money from the supreme banking authority.
B. Banks borrows money from the supreme banking authority by selling its financial assets.
C. Banks borrows money from the supreme banking authority by selling its Securities.
D. None of these.

24.

A reduction of repo rate-

A. makes expensive for scheduled banks to borrow from RBI.
B. helps RBI to get money from scheduled banks at cheaper rate.
C. helps banks to get money from RBI at cheaper rate.
D. None of these.

25.

What is the full form of ECB?

A. External Cooperative Borrowings.
B. Extra Cooperative Borrowings.
C. External Commercial Borrowings.
D. Extra Commercial Borrowings.