BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cathode
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Diabetic
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Equity
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Obese
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Detailed explanation-1: -Interest Rate Swap is defined as a ‘arrangement between two parties’ (banks/businesses) to swap interest payments. The principal amount will not be traded or exchanged in this approach; just the interest rate will be swapped or exchanged. It converts a variable rate loan’s interest into a fixed cost.
Detailed explanation-2: -Apartheid refers to the discrimination on the ground of race. It is widely practiced in South Africa. Thus it is social term and has not used in banking and finance.
Detailed explanation-3: -Interest rate swap is used in banking field.
Detailed explanation-4: -Banking is the business of protecting money for others. Banks lend this money, generating interest that creates profits for the bank and its customers. A bank is a financial institution licensed to accept deposits and make loans. But they may also perform other financial services.