Top 100 Accounts and Finance Questions for Bank Exam
If a customer does not get satisfactory responses from the bank regarding his complaint he can approach the banking ombudsman with in how much time?
(A) 15 days
(B) 10 days
(C) 1 month
(D) 2moths.
Correct Answer : C
Explanation :
File a complaint with your bank and not the banking ombudsman (BO) offices. Step 2: If you don't receive a response within 30 days or it is not satisfactory, approach the ombudsman. Escalate complaint within a year of receiving reply or a year and month of making representation.
What is the maximum population limit for a commercial bank branch to be declared as a rural branch?
(A) 1 lac
(B) 2 lac
(C) 4 lac
(D) 5 lac
Correct Answer : A
Explanation :
A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit.
According to banking regulation act RBI can fix SLR up to the limit of:-
(A) 40%
(B) 50%
(C) 60%
(D) 75%
Correct Answer : A
Explanation :
RBI has kept 40% as the maximum limit for SLR. SLR is calculated as a percentage of all the deposits held by the bank. Another way to define the SLR meaning is the ratio of a bank's liquid assets to its net demand and time liabilities. (NDTL).
The term currency of India refers to:-
(A) one rupee notes and coins
(B) bank notes issued by RBI
(C) both of them
(D) All Above
Correct Answer : A
What is the number of digits in IFSC Code?
(A) 11
(B) 15
(C) 9
(D) 7
(E) 16
Correct Answer : A
Non-performing assets are those assets that are overdue for a period of more than?
(A) 90 days in interest and/or installment in term loan
(B) 90 days out of order in case of over draft or cash credit, bills purchased and bills discounted.
(C) 2 harvest seasons for advances for cultivation of short duration crops.
(D) all of the above
Correct Answer : D
Explanation :
Reserve Bank of India defines Non Performing Assets in India as any advance or loan that is overdue for more than 90 days.
High powered money is:-
(A) bank's reserves at central bank
(B) all loans and advances of banks
(C) money held by banks
(D) currency held by public and reserves with the central bank.
Correct Answer : A
The total number of stock exchanges in India is:-
(A) 21
(B) 22
(C) 23
(D) 24
Correct Answer : C
Explanation :
There are 23 stock exchanges in India. Among them, two are national-level stock exchanges namely Bombay Stock exchange (BSE) and National Stock Exchange (NSE). The rest 21 are Regional Stock Exchanges (RSEs).
Which body regulates microfinance?
(A) RBI
(B) IBA
(C) NABARD
(D) NABARD
Correct Answer : C
In case of joint accounts who can stop the payment?
(A) by two account holders together
(B) any one of the account holders singly.
(C) all the account holders with permission of the bank.
(D) no one can stop the payment
Correct Answer : B
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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