BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit finance
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Foreign Exchange
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Consumer finance
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Money laundering
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Detailed explanation-1: -Banks grant advance loans on securities that can be converted and marketed into cash easily within short notice. This is referred to as liquidity in terms of bank lending. Banks only put those securities in the investment portfolio that can provide an adequate amount of liquidity to them.
Detailed explanation-2: -All banks have to perform two major primary functions namely: Accepting of deposits. Granting of loans and advances.
Detailed explanation-3: -The categories under priority sector are as follows: Agriculture. Micro, Small and Medium Enterprises. Export Credit.
Detailed explanation-4: -Consumer lending includes closed-and open-end credit extended to individuals for household, family, and other personal expenditures and includes credit cards, auto loans, and student loans.