Bank awareness Quiz for Banking entrance exams

Dear readers,

This quiz consists of actual questions from
various Banking entrance exams held during the last few years. Leave your
answers/ responses in the comments section below and soon we’ll let you know
the correct answers!

1. Which of the following statement is
true?

(1) Zero interest is paid on any deposit by
the bank

(2) Savings deposits are as same as Current
deposits

(3) The rate of interest on savings and
current accounts are same

(4) Interest is paid on current accounts at
the same rate as term deposit accounts

(5) Normally zero interest is paid on
current deposits account

2. Which of the following are the main
financial instruments of corporate sector?

(i) Debentures              (ii) Public deposits               (iii) Shares                (iv) Loans from institutions

Select the correct option

(1) I and iii

(2) ii and iv

(3) I, iii and iv

(4) All of the above

(5) None of the above

3. What do you call a bank which acts as
banker of other banks?

(1) Central Bank

(2) Saving Bank

(3) Commercial Bank

(4) Investment Bank

(5) Development Bank

4. The fee charged by Ombudsman for filing
and resolving complaints is?

(1) No fee

(2) 100 Rupees

(3) 1000 Rupees

(4) 2000 Rupees

(5) None of the above

5. Which of the following are Scheduled
commercial banks?

(1) Bank of India

(2) IDBI bank

(3) Syndicate Bank

(4) All of the above

(5) None of the above

6. Which of the following is a private
sector bank?

(1) Dena bank

(2) Yes bank ltd

(3) Indian overseas bank

(4) UCO bank

(5) Vijaya bank

7. RBI was established in __________?

(1) March 1, 1930

(2) June 1, 1934

(3) April 1, 1935

(4) May1, 1935

(5) None of these

8. NABARD committee was established on the
recommendation of?

(1) Chelliaha committee

(2) Kelkar committee

(3) Narshimham Committee

(4) The committee to review arrangements for
institutional credit for agricultural and rural development

(5) None of the above

9. National Housing bank was setup on?

(1) 1995

(2) 1987

(3) 1980

(4) 1984

(5) 1988

10. The Reserve bank of India was nationalized on  ?

(1) 21st December 1949

(2) 1st January 1949 

(3) 10th march 1950       

(4) 2nd april 1945

(5) None of these

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