BANKING AWARENESS - 10 QNS.

1. RBI is calculating term repo for how many days ?

   A) 20 days B) 14 days C) 16 days D) 12 days ANS: B

2. Full form of MSS ANS: Market stabilization scheme

3. Full form of CMB ANS: Cash Managment bills.

4. What is  ALLONGE in banking? ANS: white paper attached to a cheque for writing endorsement.

5.What is called an Inchoate Instrument under NI act 1881?

   ANS: non completed instrument

6. Endorsement in banking means: ANS: writing on back side of cheque.

7.Red Herring in banking means?ANS: means draft copy of the companies documents called PROSPECTORS send to SEBI for approval.

8.PROSPECTORS means in banking? ANS: Documents covering about organisation.

9.What is ZERO COUPON BOND in banking?

ANS:certificate given for taking money as deposit or loan.

10.What is SOLVENCY in a bank?

ANS: net worth of customer based on property.

RAGHAV