Banking Awareness MCQ, Banking Awareness Online Quiz in English

The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India.Initially, the law was applicable only to banking companies. But, 1965 it was amended to make it applicable to cooperative banks and to introduce other changes.

DEFINITION of ‘Money Zero Maturity – MZM’ A measure of the liquid money supply within an economy. MZM represents all money in M2 less the time deposits, plus all money market funds.

NDP: Net domestic product is defined as “gross domestic product (GDP) minus depreciation of capital”, similar to NNP. GDP per capita: Gross domestic product per capita is the mean value of the output produced per person, which is also the mean income.

Repo rate are rates at which commercial bank takes loan from rbi against the securities kept with RBI and marginal standing facility was released in May 2011. The main purpose was to eliminate the volatality of the overnight money market. The rates are usually 1% higher than repo

Serious Fraud Investigation Office (SFIO) is a multidisciplinary organisation to investigate serious financial frauds.

Money laundering is the process used to disguise the source of money or assets derived from criminal activity. Profit-motivated crimes span a variety of illegal activities from drug trafficking and smuggling to fraud, extortion and corruption.

Dena Bank headquartered in Mumbai, is owned by the Government of India, and as per latest data the total branch network stands at 1,773 and plans to open 404 new branches in FY 2015-16 The bank was founded in 1938 and the Indian government nationalized it in 1969.

A collateralized borrowing and lending obligation (CBLO) is a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of the loan.

An increase in the price of food that occurs as a result of increased demand from human consumption and use as an alternative energy resource.

Payments banks are a new model of banks conceptualised by the reserve bank of India. These banks can accept a restricted deposit which is currently limited to 1 lakh per customer account. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards online banking and mobile banking.

Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks. The term originally indicated the interest rate at which banks lent to favored customers

National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, headquartered at Mumbai with branches all over India.The Bank has been entrusted with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”. NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.