General Questions on Banking Awareness related Questions and Answers

Question 1 : ISO 4217 is the international standard describing 3 letter code for what ?
1. Bank code
2. Currency codes
3. Forex code
4. None of these
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Question 2 : When did the rupee become a freely convertible currency in the current account of India ?
1. 1994
2. 1999
3. 2000
4. 2001
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Question 8 : What would a lender examine to judge whether a business can be given a funding facility ?
1. The financial statements
2. The credit history
3. The business risk
4. All of the above
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Question 9 : In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this particular type of activity known as ?
1. Informal banking
2. Indigenous banking
3. Shadow banking
4. Development banking
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Question 10 : Which of the following terms appropriately explains the role of banks in an economy ?
1. Financial conglomerate
2. Holding companies
3. Financial intermediaries
4. Indigenous banking
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