BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Investment
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Genetics
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Resistance
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Metabolic Reaction
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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: -Banking and Finance explores the dynamic, fast-paced world of money, shares, credit and investments. Finance is an essential part of our economy as it provides the liquidity in terms of money or assets required for individuals and businesses to invest for the future.