Banking Terminologies

1. A ________ is the total amount of cash that is present in bank account & can withdrawn immediately.

• Cash Reserve

• Cash Credit

• Overdraft

• Administered Cash

2. __________ is a very wide term that is used in context with financial agreements & contracts

• Account Balance

• Acceptance

• Annuity

• Arbitrage

3. A very large loan extended by a group of small banks to a single borrower.

• Mega Loan

• Syndicated Loan

• Group Loan

• Blanket Loan

4. ____________ is a loan where the time and the cash flow between a short term loan and a long term loan is filled up.

• A. Bridge Financing

• B. Gap Financing

• C. None

• D. Both A and B

5. It is the rate of interest offered by RBI, when banks deposit their surplus funds with the RBI for short periods is called

• Repo rate

• Reverse repo rate

• Interest Rate

• Bank Rate

6. After 2 years, the invested sum along with the accumulated interest, is transferred by the bank to the account of the investor of FD. What is the period of 2 years termed as ?

• Investment Period

• Time Limit

• Maturity

• Term

7. A legal agreement between the lender and the borrower where real estate property is used as collateral for the loan, in order to secure the payment of the debt is called

• Mortgage

• Letter of Credit

• Cheque

• Home Laon

8. The rate at which the Reserve Bank of India lends, money to commercial banks for long period is

• A. Bank Rate

• B. Discount Rate

• C. Both A & B

• Repo & Reverse Repo

9. An ordinary bank cheque that any bank can refuse to encash or pay because of insufficient finances in the bank account of the drawer of cheque.

• A cheque

• Bounced Cheque

• An overdraft

• RTGS

10. ____________ is a place where representatives of  different banks meet for confirming and clearing all checks and balances with each other.

• Automated Clearing House

• Accepting House

• Clearing House

• None of the above