Top 100 Accounts and Finance Questions for Bank Exam
After how many days of non-repayment of loan installments, the loan is termed as NPA:-
(A) 120 days
(B) 180 days
(C) 90 days
(D) from the day of lapse of payment.
Correct Answer : C
Explanation :
A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.
Interest on savings bank account is now calculated by banks on:-
(A) minimum balance during the month
(B) minimum balance from 7th to last day of the month
(C) maximum balance during the month
(D) daily product basis
Correct Answer : D
Explanation :
The RBI regulation states that the interest rate on your savings account is determined daily based on your closing balance. Your bank will credit your account with the interest earned on a semi-annual or quarterly basis, depending on the type of savings account you have and the bank's policy.
Which of the following is not considered a money market instrument?
(A) treasury bills
(B) repurchase agreement
(C) commercial paper
(D) shares and bonds
Correct Answer : C
Explanation :
Equity Shares is not a `Money Market Instrument.
Committee related with the merger of RRbs with their sponsor bank is:-
(A) Khusro committee
(B) khan committee
(C) malegam committee
(D) narsimhan committee
Correct Answer : A
Which report is published by World Bank every year?
(A) human development report
(B) world development report
(C) international finance and development report
(D) world trade development report
Correct Answer : B
Which of the following agencies is providing Unique Identity Cards to all Indian Residents?
(A) Election Commission of India
(B) Ministry of Foreign Affairs
(C) Govt of Maharashtra
(D) Border Security Force
(E) None of these
Correct Answer : B
Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?
(A) Ministry of Finance
(B) SEBI
(C) RBI
(D) IRDA
(E) FEDAI
Correct Answer : C
Which of the following terms is NOT used in banking?
(A) Debit Card
(B) Credit Card
(C) Kisan Card
(D) ELISA Test
(E) None of these
Correct Answer : D
Which of the following is/are the objective(s) of our monetary policy?
A. To anchor inflation expectations
B. To actively manage liquidity
C. To maintain interest rate regime consistent with price output and financial stability
(A) Only (A)
(B) All (A), (B) and (C)
(C) Both (A) and (C)
(D) Only (B)
(E) None of these
Correct Answer : B
Accounts are allowed to be operated by cheques in respect of:-
(A) both saving and fixed accounts
(B) saving and current accounts.
(C) current and fixed accounts.
(D) all type of accounts available.
Correct Answer : B
Explanation :
Current/cheque accounts are accounts with a cheque facility.
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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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