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Banking Awareness Questions - 17th August 2014 by Gandhi Raveendra Reddy

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Here I am sharing some banking questions which are important for bank exams.
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Banking Awareness Questions - 17th August 2014
111. Unqualified Report means :
Answer: an Audit Report which contains no "Clauses".
112. "Dividend Stripping" means:
Answer: Purchase or Sale of shares by the individuals or company prior or subsequent to declaration of dividends.
113. Higher Foreign Exchange Reserves are associated with the risk of:
Answer: Fluctuation in exchange rates.
114. Collateralised Borrowing and Lending Obligation (CBLO) is a:
Answer: Money Market Instrument.
115. Overhead expenses for Banking Sector compared to Manufacturing Sector is :
Answer: Low.
116. Islamic Banking means :
Answer: banking according to the Principles of Shariat
117. G8 Countries consist mainly of:
Answer: Developed nations.
118. Which State took the initiatives for consolidation of Co-operative banks :
Answer: Maharashtra
119. Expand VAT:
Answer: Value Added Tax
120. Minimum period for which a Commercial Paper can be issued is:
Answer: 7 days
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