Q1. For repayment of loan availed from Banks / NBFC we come across a term known as EMI. What does it stand for? Banking Awareness (1) Equated money index (2) Easy money installment (3) Equated monthly installment (4) Equal monthly installment (5) Equal minimum installment Q2. Many times we read in news paper about CASA deposits of banks. CASA deposits are _________ (1) Demand deposits (2) Term deposits (3) Hybrid deposits (4) Recurring deposits (5) Special schemes of banks Q3. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV? (1) Net Annual Value (2) Non Asset Value (3) Net Actual Value (4) Net Asset Value (5) Net Average Value
Practice Exercise - 257 [ Banking Awareness ]
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