Banking Awareness Questions & Answers – Part 2

6. FDI refers to—
A. Fixed Deposit Interest
B. Fixed Deposit Investment
C. Foreign Direct Investment
D. Future Derivative Investment
Answer:
C. Foreign Direct Investment

7. What is Call Money ?
A. Money borrowed or lent for a day or over night
B. Money borrowed for more than one day but upto 3 days
C. Money borrowed for more than one day but upto 7 days
D. Money borrowed for more than one day but upto 14 days
Answer:
A. Money borrowed or lent for a day or over night

8. The bank which refinances the loans given to the poor and weaker sections to construct or buy houses is
A. SIDBI
B. IDBI
C. NHB
D. IIBI
Answer:
C. NHB

9. ACH is a nationwide automated electronic system that monitors and administers the process of check and fund clearance between banks. Expand ACH.
A. Automatic Check Clearing House
B. Automated Check House
C. Automated Clearing House
D. Automatic Clearing House
Answer:
C. Automated Clearing House

10. In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to:
A. Employ more and more people
B. Maximize total profits
C. Maximize total production
D. Provide financial service to the people of the nation of its origin across the country
Answer:
D. Provide financial service to the people of the nation of its origin across the country

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