Banking
GK-1
1.
Commercial paper can be issued for a maximum period of:
Answers: 365 days or 1 year.
2.
The Mutual funds in India
follow accounting standards laid by:
Answers: SEBI (Securities and Exchange Board of India)
3.
Minimum amount for Certificate of Deposit has been fixed at:
Answers: Rs. 1 Lakh
4.
AML is a term mainly used in the financial and legal industries. Expand the
term AML:
Answers: Anti Money Laundering
5.
PIN is a number allocated to an individual and used to validate electronic
transactions. Expand PIN:
Answers: Personal Identification Number
6.
What is Repo rate?
Answers: It is the rate is the rate at which RBI lends money to the
commercial banks.
