Banking Awareness

1.When was the Imperial Bank of India nationalized?

1948 1950 1955 1969

2.Most banks are offering teaser rates on home loans. What does it mean?

The rates keep fluctuating during the period of loan with high uncertainty 

The initial rate is offered at a rate lower than the prevailing market rate for a few months and then gradually keeps increasing

The initial rate is higher than the current market rate with offer of lower rates at a later date

Home loan borrowers of shorter duration are given preferential rate

3.There are many security features which are regularly being explained and stressed to check against forged currency notes. One of them is Intaglio printing. What is it?

It is specialized printing of Rs.1,000 and Rs. 500 denomination currency notes. It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc. It is printing on special printing press of RBI It is printing through special inks of the security features on curency etc.

4.What is 'NIKKEI'?

Share Price Index of Tokyo share market 

Name of Japanese Central Bank

Japanese name of the country's Planing Commission 

Foreign Exchange market of Japan

5.NABARD was established on the recommendation of

Public Accounts Committee

Shivaraman Committee

Narasimham Committee 

Khandelwal Committee