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General Knowledge : Questions Answers : Banking Awareness



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.