Important banking awareness terms for sbi po 2018
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Underlying Security: It is a financial instrument whose price is derived from a different asset. Foreign Institutional Investors FII : FIIs are those institutional investors which invest in the assets belonging to a different country other than that where these organizations are based. Provisioning: Can be defined as loss in the profit and loss account while finalizing accounts of banks.
Yield to Maturity: It is the internal rate of return of an investment in a bond if the investor holds the bond until maturity and if all payments are made as scheduled. Electronic Clearing Service ECS : ECS is an electronic mode of funds transfer from one bank account to another and can be used for both Electronic Funds Transfer EFT : It is a system of transferring credit and debit purposes.
You can download PDF of Most important Banking Awareness questions with their answers from the link given below - Download the PDF now and step up your preparation for SBI Mains Exams and BOB PO Exam 2018. Medico: A financial derivative that represents a contract sold by one party to another party. Joint Account: Bank account in the name of two or more individuals who jointly share its concomitant rights and liabilities. Karta: Karta means manager of joint family and joint family properties. Term Repo: A medico agreement with a term of more than one day. Thus banking terms play a significant role in the final selection of a candidate in and other exams like SBI and RRB Exams and show the interest of the candidate in the baking jobs. Immediately after completion of Prime Test, Descriptive Test is administered. Other Essential Terms of Banking Acquiring Bank: A bank or financial institution that processes credit or debit card payments on behalf of a merchant. The PDF consists of 100 most important banking awareness questions along with their detailed answers.
IMPORTANT BANKING TOPICS FOR SBI CLERK & PO – 2018 - Debentures: A long-term security bearing a fixed rate of interest, issued by a company and secured against assets. Plastic Money: It is a term used in reference to the hard plastic cards we use every day in place of actual bank notes.
SBI has released the notification for recruitment of probationary officers for a total of 2000 vacancies. Today we will discuss important banking awareness topics for SBI PO 2018 Mains. Banking awareness questions come in the mains exam in general awareness section. The objective test is of 200 marks and the descriptive test is of 50 marks. Candidates have to answer Descriptive test by typing on the computer. Immediately after completion of Objective Test, Descriptive Test is administered. Name of test No. Reasoning and computer aptitude 45 60 60 min 2. English Language 35 40 45 min 3. Every section is allotted separate timing. The candidates are required to qualify in each section by securing passing marks, to be decided by the Bank. Important Banking Awareness Topics for SBI PO 2018 Mains There are total 35 questions in general awareness section for the total time of 40 mins. You should focus more on banking awareness section to score high. There are many technologies used in the current banking system. Questions can come from the new terminology introduced in the bank. You should stay updated with the new terms and technologies. You can prepare Banking awareness section from different books available in the market like Arihant publication etc.
