Thursday 21 November 2013

Banking Gk Quiz Answers


Q1. Which of the following is not a money market instrument?
Ans. Treasury Bond

Q2. Lending of Scheduled Commercial Banks, on a fortnightly average basis should not exceed ___ of their capital fund?
Ans. 25%

Q3. Bank Rate refers to the interest rate at which:
Ans. Central bank gives loans to Commercial banks. 

Q4. Purchasing Power Parity theory is related with 
Ans. Exchange Rate.

Q5. Foreign currency which has a tendency of quick migration is called 
Ans. Hot currency.

Q6. Which is the important source of income for Govt. of India?
Ans. Excise duty

Q7. Excise duty on a commodity is payable with reference to its
Ans. Production

Q8. In which type of account, banks generally don’t pay interest—
Ans. Current account

Q9. India’s First Financial Archive has been set up at—
Ans. Kolkata

Q10. When the Commercial Bank create credit areas which are in effect and increases—
Ans. The supply of money

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