Banking Interview Preparation Set 4
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With Banking interviews are now scheduled to take place in coming days we are here with important reading material important for Banking Interview. We will be publishing 11 set of materials in this section. All are very important for banking interview
- What is Open Market Operation (OMO)?
The buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system by RBI. Open market operations are the principal tools of monetary policy.
- What is Micro Credit?
It is a term used to extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families.
- What is Liquidity Adjustment Facility (LAF)?
A tool used in monetary policy that allows banks to borrow money through repurchase agreements. This arrangement allows banks to respond to liquidity pressures and is used by governments to assure basic stability in the financial markets.
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