Banking Flashcards
1
Q
A bank is which type of institution?
A
Financial
2
Q
The apex financial institution in banking industry.
A
The Central Bank
3
Q
Name of India’s central bank.
A
The Reserve Bank of India (RBI)
4
Q
Primary functions of commercial bank
A
A) Accepting Deposits
B) Granting Loans and Advances
5
Q
Secondary functions of commercial bank
A
A) Agency functions
B) Utility functions
6
Q
Name any one Specialized bank
A
EXIM / SIDBI / NABARD
7
Q
Types of Time Deposits
A
Fixed deposits and Recurring deposits
8
Q
Types of Demand Deposits
A
Saving Account and Current Account
9
Q
Acronym ATM indicates
A
Automated Teller Machine
10
Q
Acronym CDM indicate
A
Cash Deposit Machine
