GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a banking term?
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MIBOR
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Entry load
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Letter of credit
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Factoring services
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Explanation:
Detailed explanation-1: -Exposure limit refers to the extent to which an individual can be safely exposed to hazardous substances, especially chemicals. Thus, it is not a banking/finance-related term.
Detailed explanation-2: -Operating account is NOT retail banking product.
Detailed explanation-3: -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.