Banking Ques 23-Sep-2015

Q1. What are teaser loan rates charged by banks?

1. Rate of interest which is competitively changed in relation to other banks
2. Floating rate of interest charged by banks
3. Low rate of interest in the initial period which goes up subsequently
4. Higher rate of interest in the initial period which goes down subsequently

Ans. (c)

Q2. Which of the following terms is used in banking field?

1. Interest rate swap
2. Input devices
3. Sedimentary
4. Zero Hour

Ans. (a)

Q3. Expand the term EMI as used in banking/finance sector?

1. Easy Monthly Instalment
2. Equal Monthly Investment
3. Equated Monthly Instalment
4. Equated Mortgage Investment

Ans. (c)

Q4. Bank rate is decided by which of the following?

1. Reserve Bank of India
2. Government Of India
3. State Bank of India
4. Securities and Exchange Board of India

Ans. (a)

Q5.  With which of following types of loans are teaser rates related?

1. Home loans
2. Personal loans
3. Auto loans
4. Reverse mortgage loans

Ans. (a)