Indian Commercial Banking System – 1 – 1

1. Which among the following currencies in the costliest ?

(a) French Franc
(b) Swiss Franc
(c) Euro
(d) Pound sterling

ANSWER
Answer : (d)

EXPLANATION
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2. In India, the interest rate on saving accounts in all nationalised banks is fixed by :

(a) Union Minster of Finance
(b) Union Finance Commission
(c) Indian’s Banker Association
(d) None of the above

ANSWER
Answer : (d)

EXPLANATION
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3. Which of the following Indian Banks is not a nationalised Bank ?

(a) Corporation Bank
(b) Dena Bank
(c) Federal Bank
(d) Vijaya Bank

ANSWER
Answer : (c)

EXPLANATION
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4. Whose signature is found on one rupee notes in India ?

(a) The Secretary, Finance
(b) The Governor, RBI
(c) The PM of India
(d) None of the above

ANSWER
Answer : (a)

EXPLANATION
No answer description available for this question. Let us discuss.

5. Match list 1 (Banks) with list 2 (Headquarters) and select the correct answer using the codes given below the list :
          List 1                                         List 2
         A. Allahabad Bank                  1. Delhi
        B. Central Bank of India         2. Kolkata
        C. Indian Overseas Bank        3. Mumbai
        D. Punjab National Bank       4. Chennai

     Codes : A B C D

(a) 1 4 3 1
(b) 2 3 4 1
(c) 4 3 1 2
(d) 4 1 3 2

ANSWER
Answer : (b)

EXPLANATION
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