Banking Times-17/9/2015

1. Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?

1. Bank rate
2. Repo rate
3. Savings bank rate

1. Only 1
2. Only 2
3. Both 1 and 2
4. All the three

Ans. All three

2. 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

3. 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. 3