• Banking Quiz – 1

    1 As per the latest guidelines of Reserve bank of India, the banks have to calculate interest of savings account deposits on __________ Basis?
      A)Daily
      B)Weekly
      C)Bi-Weekly
      D)Monthly
       
    2 “OCC” stands for
      A) Office of the Controller of Currency
      B) Operational Centre of Credit
      C) Office of the Comptroller of currency
      D) Organization of Cash and Credit
       
    3 How many Indian banks were first nationalised?
      A)11
      B)12
      C)14
      D)16
       
    4 When was Reserve Bank of India Nationalised?
      A)1947
      B)1948
      C)1949
      D)1950
       
    5 When was Indian Banking Act come into force?
      A)1950
      B)1948
      C)1949
      D)1951
       
    6 The Regional Rural Banks in India came into existence in ?
      A) 1971
      B) 1975
      C) 1977
      D) 1978
       
    7 Which is the first Indian bank to have been awarded the ISO certification?
      A) Bank of Baroda
      B) Punjab National Bank
      C) State Bank of India
      D) Canara Bank
       
    8 Which of the following is a German based bank?
      A)Barclays Bank
      B)Deutsche Bank
      C)Goldman Sachs
      D) Citibank
       
    9 Which of the following is not a wholly owned subsidiary of RBI?
      A)  National Housing Bank
      B)  National Bank Agriculture and Rural Development
      C)  Deposit Insurance and Credit Guarantee Corporation of India
      D)  Exim Bank of India
       
    10 Rate at which Banks borrow short term money from RBI called?
      A)  Repo Rate
      B)  Reverse Repo Rate
      C)  Bank Rate
      D)  Premium Rate

     

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