This category would provide specific resources for individuals preparing for competitive exams in the banking sector. It would cover relevant topics such as quantitative aptitude, reasoning, general awareness (especially related to banking and finance) and potentially specialized knowledge of banking procedures and regulations . The content would include practice MCQs, test-taking strategies, and analysis of previous year’s question papers to help understand the exam pattern and the types of questions asked . The importance of this category would be in equipping aspiring banking professionals with the necessary skills and knowledge to excel in
What is the role of a bank in the payment.
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A. Banks do not play a significant role in the payment system.B. Banks act as intermediaries, transferring funds and processing payments.C. Banks primarily focus on lending and borrowing.
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Explain the concept of ‘inflation’ and its impact on banking.
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A. A decrease in the general price level.B. A sustained increase in the general price level of goods and services.C. An increase in the money supply.
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What are the main functions of a central bank? |.
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A. Managing individual bank accounts.B. Formulating and implementing monetary policy, acting as a lender of last resort, and regulating the banking system.C. Providing loans to individuals.
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What is a ‘credit rating’ and why is it important?
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A. An assessment of a borrower's creditworthiness.B. A type of loan.C. A measure of a bank's profitability.D. A measure of a company's market share.
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Describe the function of a ‘loan officer’ in a bank.
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A. Manages customer accounts.B. Evaluates loan applications and manages the loan process.C. Processes transactions.D. Provides financial advice.
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What does ‘KYC’ stand for in banking and what is.
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A. Keep Your CashB. Know Your CustomerC. Keep Your CredentialsD. Know Your Company
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What is meant by ‘bank reconciliation’? | identifying discrepancies &.
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A. Reconciling different bank accounts.B. Comparing a company's cash balance with its bank statement.C. Reconciling a company's assets with its liabilities.D. Reconciling a company's ...
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What is a ‘derivative’ in the context of banking and.
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A. A type of bank account.B. A financial contract whose value is derived from an underlying asset.C. A type of government bond.D. A form ...
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Explain the concept of ‘prime rate’ in banking. | rate.
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A. The interest rate charged to the least creditworthy borrowers.B. The rate at which the central bank lends to commercial banks.C. The benchmark interest rate charged to the ...
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What is the role of a ‘Clearing House’ in the.
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A. Provides loans to businessesB. Regulates banking activitiesC. Facilitates the settlement of interbank transactionsD. Manages customer accounts