Bank PO Questions & Answers

September 14, 2011

What is Most Favoured Nation?

In international economic relations and international politics, most favoured nation (MFN) is a status or level of treatment accorded by one state to another in international trade. The term

July 26, 2011

What is skewflation?

Skeflation refers to inflation in some commodities , deflation in others. India’s Economic survey 2010-11 says: The year 2010-11 has been a year of more than one such skewflationary

June 10, 2011

Does India allow FDI in Multi Brand Retailing?

FDI in Multi-Brand retailing is prohibited in India. FDI in Single-Brand Retailing was, however, permitted in 2006, to the extent of 51%. Since then, a total of 94 proposals

May 24, 2011

Reverse Mortgage Loan

Reverse Mortgage Loan (RML) enables a Senior Citizen above 60 years age in India. The idea is to avail of periodical payments/ lump sum amount from a lender against

May 24, 2011

Unit System in Banking

Unit Banking refers to a single bank which renders services and operates without any branches anywhere. Unit Banking System is not found in India but is very common in

May 24, 2011

Lender of Last Resort

RBI is known as Lender of Last Resort because, banks are supposed to meet their shortfalls of cash from other sources and if the other sources don’t meet the