Main Banking Informative Questions: - Fizah Mughees

• What is Bank?

A bank is a financial institution to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. ... In most countries, banks are regulated by the national government or central bank.

• Types of Bank?

• Central Banks. ...

• Retail Banks. ...

• Commercial Banks. ...

• Shadow Banks. ...

• Investment Banks. ...

• Cooperative Banks. ...

• Credit Unions.

•How does Bank help us in our life?

Banks borrow from individuals, businesses, financial institutions, and governments with surplus funds through the process of taking deposits, making loans, and responding to interest rate signals.

•Why banking sector is good for Career?

A cheque is a Bill/score of Exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.

A demand draft is a method used by an individual to make a transfer payment from one bank account to another.

• Apr mean?

Annual percentage Rate.

• What is cost of debt?

The cost of debt is the return/ repayment that a company provides to its debtholders and creditors. it is relatively more straightforward to calculate the cost of debt than the cost of equity. In addition, it is an integral part of calculating a company’s Weighted Average Cost of Capital or WACC. 

•What is mean by financial inclusion?

Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

• What is meant by RBI?

Central bank of India, which was established on Apr. 1, 1935.

• Main purpose of bank?

Bank provide loan, Money, ATM, Plastic money( Dabit & caradit card). Deposit facilities & others benefits.

• Public sector schedule bank?

• National Bank of Pakistan

• Bank of Punjab

• Sindh Bank

• Bank of Khyber

• First Women Bank

• Zarai Taraqiyati Bank Limited

• Private bank?

Askari Bank

Allied Bank Limited

Bank Alfalah

Bank Al Habib

Faysal Bank

Habib Bank Limited

Habib Metropolitan Bank

JS Bank

Samba Bank Limited

Silkbank Limited

Standard Chartered Pakistan

Soneri Bank

Summit Bank

United Bank Limited

MCB Bank Limited

• Islamic bank?

• Meezan Bank Limited

• Soneri Mustaqeem Islamic Bank

• Dubai Islamic Bank

• Al Baraka Bank

• Bank Alfalah Islamic

• BankIslami Pakistan Limited

• Askari Bank Ltd

• MCB Islamic Banking

• UBL Islamic Banking

• HBL Islamic Banking

• National Bank of Pakistan

• Bank Al Habib Islamic Banking

• Bank of Punjab Islamic Banking

• Allied Islamic Bank

• Faysal Bank (Islamic)

• islamic banking pakistan(Islamic)

• 16. HabibMetro (Sirat Islamic Banking)

• 17. Silk Bank (Emaan Islamic Banking)

• Schedule bank?

Scheduled banks escort)follow the rules made by the RBI while Non-scheduled banks do not follow the rules made by the RBI.

•What is trainee branch service officer?

The job holder will firstly be responsible for processing of financial transactions over the branch counter, ensuring delivery of quality services to customers, managing activities related to remittances, clearing & collections as per standard operating procedures and prudential regulations.