Banking Awareness Questions - 17th August 2014 by Gandhi Raveendra Reddy

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Here I am sharing some banking questions which are important for bank exams.
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Banking Awareness Questions - 17th August 2014

111. Unqualified Report means :
Answer: an Audit Report which contains no "Clauses".

112. "Dividend Stripping" means:
Answer: Purchase or Sale of shares by the individuals or company prior or subsequent to declaration of dividends.

113. Higher Foreign Exchange Reserves are associated with the risk of:
Answer: Fluctuation in exchange rates.

114. Collateralised Borrowing and Lending Obligation (CBLO) is a:
Answer: Money Market Instrument.

115. Overhead expenses for Banking Sector compared to Manufacturing Sector is :
Answer: Low.

116. Islamic Banking means :
Answer: banking according to the Principles of Shariat

117. G8 Countries consist mainly of:
Answer: Developed nations.

118. Which State took the initiatives for consolidation of Co-operative banks :
Answer: Maharashtra

119. Expand VAT:
Answer: Value Added Tax

120. Minimum period for which a Commercial Paper can be issued is:
Answer: 7 days

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