What are the basic banking terms?
Table of Contents
What are the basic banking terms?
10 Basic terminologies that you should know about Indian banking
- Base rate. Want to take a personal or home loan from your bank?
- Cashback. Owning a credit card issued by your bank?
- Credit History.
- Collateral.
- Compound interest.
- Demat account.
- Electronic Fund Transfer.
- Fixed and Floating rate.
How do you do self study for bank exams?
Given below are the links that may help to prepare for the bank exams 2021 at home:
- Free Mock Test Series with Solutions.
- Previous Year Question Papers PDF with Solutions.
- Bank PO Question Papers with Solutions.
- Daily Current Affairs.
What are the 3 main functions of a bank?
Functions of Commercial Banks: – Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. – Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.
Why do u want to join Bank?
Salary is best reason to join any industry. Its true that banking industry offers good remuneration to the employees. Banks also offer added benefits to their employees like minimum Rate of Interest on loans, Medical benefits, Pension benefits and so on. Banking Industry has job safety as well as job stability.
What is the best book to start learning about banking?
Introduction to Banking by Barbara Casu, Claudia Giradone, and Philip Molyneux (200 6) If you are looking for an introductory text to banking then this might be a great choice. It is mostly aimed at students studying the subject academically but it is simple enough that most people should be able to learn a lot form it.
Is banking a mystery or not?
The explanations are easy to understand and by the end of the book the reader should feel that banking is much less of a mystery. This is a handy reference book that provides clear explanations of all the most common banking terms.
Which is the best book for IBPS aptitude test?
Quantitative Aptitude: “Quantitative Aptitude by R.S Agarwal” is considered the best book for quantitative aptitude for all IBPS exams. It is sufficient for the bank clerk examination. However, candidates should also refer to the previous year’s question papers to gain experience on the pattern of questions asked in IBPS exams.
Which is the best book for IBPS CSE reasoning?
Reasoning: The Reasoning portion is common for all examinations of the IBPS. It tests the candidate’s ability to solve verbal and non-verbal problems using logic. The best book for this subject is “A Modern Approach to Reasoning by R.S Agarwal”.