Exam 1: Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

"Buy now pay latter" is the motto of a---------------------

Overdraft is a credit facility granted by commercial bank to------------- holders.

Demand deposit also known as ---------------- .

CTS was introduced RBI in-------.

Commercial banks to expand deposit through expanding their loans and advances is known as--------.

----------------means the transfer of money from one bank a/c to another electronically

Money at call and short notice is also known as----------------------.

E-purse is a prepaid card and is known as -----------------.

Banking services that increasingly rest on technology and communication system is popularly known as ---------------.

MICR is a------------------digital code.

CORE stands for---------------- .

Bank a/c over the world are inter-linked through satellite provided by------------------.

The first joint stock Bank in India?

The nationalization of 14 commercial bank was on -----------------------.

The deposit balances kept by all commercial banks with the central bank are known as---------.

The State Bank of India was established under the State Bank of India Act on ----------------.

----------- is also called Virtual Banking or anywhere banking.

----------------commission recommended the formation of a central bank in 1926.

Creation of derivative deposit out of the money from primary deposit is called---------------------

-------------is a funds transfer mechanism where account to another bank account is real time.