LAF in the context of RBI is Long Audit Form.

Bank rate is the rate at which the RBI rediscounts the bills of commercial banks.

M.N.Goiporia committee went into the reformation of the banking systems.

Increase in CRR helps in sucking the excess liquidity in the economy.

Distribution of banking products in the insurance companies using the network of insurance agents is known as bankassurance.

A financial contract that derives its value from another financial product/commodity (underlying asset) is known as a derivative.

An arrangement by which the receivables are sold to another for a consideration is known as factoring.

Transformation of future income or receivables and selling as debt instruments is known as securitization.

Conversion of money obtained illegally to appear to have originated from legitimate sources is known as money laundering.

Bank loans granted to students for making adventurous trips can be called venture capital.

Bank loans granted to merchants are classified under merchant banking.

The concept of 'golden share' is prevalent in India.

Financial inclusion means delivery of all financial services to the rural rich.

There is no difference between universal banking and global banking.

Credit card business, insurance business and underwriting carried on by a bank are known as para-banking services.

An agreement by which the owner of an asset transfers the right of usage of that asset is known as leasing for a rental.

There are 27 public sector banks in our country.

NPAs mean that the entire amount is not at all recoverable.

Book building is the process to assess demand for a particular public issue at various prices, based on which the issue price is determined and sold to the investors.

Bank loans granted to meet the day to day expenses of an organization are called working capital loans.

Units with investment in plant and machinery beyond 1 crore and upto 10 crores can be classified as 'Medium Enterprises'.

RBI was established on the first independence day of our country.

There is a perceptible risk even in case of good loans (standard assets).

The government cannot determine the time norms for sanction/rejection of loans by the nationalized banks for various categories of borrowers.

The limitation period of bank loans supported by the promissory notes only is 3 years.