Banking and Financial Awareness 20 August 2014

1. While investing in Mutual Fund Many a times we come across the tern NAV what does NAV stands for ?
2. What is REPO Rate ?
3. Many a times we read about the term CASA from banking field the CASA deposit is ?
4. Monetary Policy as an arm of the economic policy is administered by ?
5. Many a times we hear about the term CDR , what does CDR stands for ?
6. What is the maximum period for which term deposits can be accepted by banks in our country ?
7. Now we are regularly hearing about the term CTS in banking cheque clearing field what does CTS stands for ?
8. The present governor of RBI is ?
9. Insurance cover for bank deposits in our country is provided by ?
10. Many a times we hear about the term NPA in banking field what does NPA stands for ?

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Answers : -

1. Net Asset Value
2. Rate for borrowing rupees by banks from RBI
3. Demand Deposit ( Current Account and Saving Account - its a low cost deposit for banks )
4. RBI
5. Corporate debt restructuring
6. 10 Years
7. Cheque Truncation System
8. Raghuram Rajan
9. DICGC ( Deposit Insurance Credit Guarantee Corporation )
10. Non Performing Asset