FREE BANKING QUIZ 1 - ANSWERS

 

Banking Quiz – Answers

1As per the latest guidelines of Reserve bank of India, the banks have to calculate interest of savings account deposits on __________ Basis?

Ans) Daily
2“OCC” stands forAns) Office of the Comptroller of currency

3How many Indian banks were first nationalised?Ans)14

4When was Reserve Bank of India Nationalised?Ans) 1949

5When was Indian Banking Act come into force?Ans) 1949

6The Regional Rural Banks in India came into existence in ?

Ans) 1975
7Which is the first Indian bank to have been awarded the ISO certification?

Ans) Canara Bank

8Which of the following is a German based bank?Ans) Deutsche Bank

9Which of the following is not a wholly owned subsidiary of RBI?

Ans) Exim Bank of India
10Rate at which Banks borrow short term money from RBI called?

Ans) Repo Rate