Thursday, July 13, 2017

IMPORTANT BANKING CONCEPTS

1.The term packing credit means
advances against goods in packages
 advance for import of goods 
advance for export of goods 
advance for financing the purchase, processing, manufacturing or packing of goods for export against a letter of

2.The DICGC operates the Credit Guarantee Scheme for small scale industries on behalf of the
LIC IBA Union Government None of these

3."Window dressing" means
the modern way of decorating a branch office
a decorative way of presenting the Balance Sheet and Profit and Loss Account of a bank at its annual general meeting
manipulation of accounts with a view not to give the share holders a true and fair view 
a practice of presenting final accounts of a bank with a view to exhibit a favourable position

4.The term "dormant accounts" means
accounts showing an average balance of less than Rs. 100 during a half year
accounts which remains inoperative for an extended period of time 
accounts which have been blocked under the exchange control regulations 
loan/cash credit/overdraft accounts which are considered irrecoverable

5.World Investment Report is annually published by
IBRD WTO IMF UNCTAD

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