BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following terms is NOT used in the Banking world? [Allahabad Bank 2011]
A
Holding Company
B
Postdated cheque
C
Credit
D
Centripetal force
Explanation: 

Detailed explanation-1: -The term Zero hour is NOT used in the banking field. Zero Hour is a term used in Parliament. Zero Hour is the time when Members of Parliament can raise Issues regarding the urgent public importance.

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.

There is 1 question to complete.