Free Banking Exam Question and Answers

Question 1

Which public sector bank among the following has the most locations abroad?

Accepted Answer

Bank of Baroda

Answer

Corporation Bank

Answer

Punjab National Bank

Answer

Bank of India

Question 2

Only one merger of public sector banks occurred between -

Accepted Answer

Punjab National Bank and New Bank of India

Answer

Punjab National Bank and Bank of Rajasthan

Answer

Allahabad Bank and United Bank of India

Answer

Bank of India and New Bank of India

Question 3

Which of the aforementioned banks did Mahatma Gandhi open in 1919?

Accepted Answer

Union Bank of India

Answer

State Bank of Saurashtra

Answer

Bank of Baroda

Answer

Bank of Maharashtra

Question 4

Which of the following banks has the most locations, after State Bank of India?

Accepted Answer

Punjab National Bank

Answer

Canara Bank

Answer

Bank of India

Answer

Andhra Bank

Question 5

What state has passed legislation regulating contract farming?

Accepted Answer

Tamil Nadu

Answer

Andhra Pradesh

Answer

Jharkhand

Answer

Andhra Pradesh

Question 6

What interest rates do banks charge for teaser loans?

Accepted Answer

Low rate of interest in the initial period which goes up subsequently

Answer

What interest rates do banks charge for teaser loans?

Answer

Higher rate of interest in the initial period which goes down subsequently

Answer

Floating rate of interest charged by banks

Answer

Rate of interest which is competitively changed in relation to other banks

Question 7

Which of the following phrases is relevant to the banking industry?

Accepted Answer

Interest rate swap

Answer

Zero Hour

Answer

Sedimentary

Answer

Input devices

Question 8

Define the term "EMI" as it is used in the banking and financial industry?

Accepted Answer

Equated Monthly Instalment

Answer

Equated Mortgage Investment

Answer

Equal Monthly Investment

Answer

Easy Monthly Instalment

Question 9

What determines the bank rate is the following?

Accepted Answer

Reserve Bank of India

Answer

Securities and Exchange Board of India

Answer

State Bank of India

Answer

Government Of India

Question 10

Which of the following loan types are teaser rates associated to?

Accepted Answer

Home loans

Answer

Reverse mortgage loans

Answer

Auto loans

Answer

Personal loans