Indian Commercial Banking System – Exercise – 1

Indian Commercial Banking System » Exercise – 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
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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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