Banking Function & Business
In context of banking, what does ‘BBB’ stands for__? [A]Bank Broadcast Bureau [B]Bank Beneficial Bureau [C]Bank Blogger Bureau [D]Bank Board Bureau Show Answer Bank Board Bureau The Union Government has decided to set up Bank Board Bureau (BBB) for Public Sector Banks (PSBs), where each bank would be monitored on the basis of key performance ..
Question Category: Banking Function & Business
A syndicated loan is a form of lending in which__: [A]a group of lenders collectively extend a loan to a single borrower [B]a lender extend a loan to group of borrowers [C]a loan made by a single lender to a single borrower [D]a group of lenders collectively extend a loan to group of borrowers Show ..
In which year, Foreign Currency Non-Resident Account Bank or FCNR (B) was first introduced? [A]1991 [B]1993 [C]1995 [D]1996 Show Answer 1993 Foreign Currency Non-Resident Account Bank or FCNR (B) was first introduced in 1993. While NRERA Account is a rupee account and the depositor is exposed to the Currency rates risk; FCNR is opened in ..
In which among the following accounts, no cheque book is issued? [A]Minor Account [B]Joint Account [C]Illiterate Account [D]Non Resident Account Show Answer Illiterate Account Illiterate accounts are opened on discretion of the banks if the person personally goes to the bank along with a witness already known to the bank and the depositor. No cheque ..
“No Risk, No reward”. This quote is most closely associated with__? [A]Risk Diversification [B]Collateral Damage [C]Risk-return trade-off [D]None of the above Show Answer Risk-return trade-off The principle of Risk-return trade-off says that higher the potential return, higher is the risk. Low risk is associated with low potential returns, whereas high risk is associated with high ..