Top 100 Accounts and Finance Questions for Bank Exam
The special importance of banks among financial institutions comes from:-
(A) their large and heavy transactions
(B) their positions as suppliers of money
(C) their power to create money
(D) their influence on the economy
Correct Answer : C
Explanation :
Although banks do many things, their primary role is to take in funds—called deposits—from those with money, pool them, and lend them to those who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money).
What defines commercial paper?
(A) long term debt issued by private corporations
(B) short term and unsecured promissory notes issued by corporations with very high credit rating standings
(C) savings instrument in which funds must remain on deposit for a specified period
(D) a and c
Correct Answer : B
For resolving the complaints of customers, ombudsman charges:-
(A) charges Rs. 500
(B) charges Rs. 1000
(C) charge of Rs. 100 deducted from bank account
(D) does not charge any fees
Correct Answer : D
Explanation :
Is there any charge or fee to be paid for filing a complaint with the RBI Ombudsman? No. There is no charge or fee for a customer of the RE for filing or for resolving complaints under the RB-IOS, 2021.
largest shareholder of a nationalized bank is:-
(A) RBI
(B) NABARD
(C) Govt. of India
(D) ministry of finance
Correct Answer : C
Which of the following will be termed as cross-selling by banks?
i. sale of a debit card to a credit card older
ii. sale of insurance policy to a depositor
iii. insurance of cash against cheque presented by a third party.
(A) only i
(B) i and ii
(C) ii and iii
(D) all of the above
Correct Answer : D
Mortgage is a :-
(A) security on movable property for a loan given by a bank.
(B) security on immovable property for a loan given by a bank.
(C) facility on immovable property for a loan given by bank.
(D) any security given for loan purposes.
Correct Answer : B
Which of the following will set up core banking infrastructure for rural banks?
(A) SIDBI
(B) IBA
(C) RBI
(D) SBI
(E) NABARD
Correct Answer : E
Which of the following is the reason owing to which Government charges export duty on some export items?
(A) To get benefit from high international prices
(B) To improve the tax collection targets
(C) It is as per the international practices.
(D) To ensure the smooth availability of the items in India
(E) None of these
Correct Answer : D
FIMMDA stands for
(A) Foreign Investment Markets and Derivatives Market Association
(B) Fixed Income Money Markets and Derivatives Association
(C) Fixed Income and Money Market Development Association
(D) Floating Income and Money Markets Derivative Assets
(E) None of these
Correct Answer : B
Banks make frequent changes in their product profile including introduction of new products etc. This is called
(A) Product Control
(B) Product enhancement
(C) Product marketing
(D) Product enrichment
(E) None of these
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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