Bank Interview Practice Question and Answer

Q: 1 The main components of market risk are  a) Liquidity risk     b) Interest rate risk       c) Currency risk 232 0

  • 1
    Only a
    Correct
    Incorrect
  • 2
    both a and b
    Correct
    Incorrect
  • 3
    only c
    Correct
    Incorrect
  • 4
    all a, b and c
    Correct
    Incorrect
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Answer : 4. "all a, b and c"
Explanation :

Answer: D) all a, b and c Explanation:

Q: 2 All of these are exemptions from local real property taxes EXCEPT : 143 0

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    Low-income homeowner's exemption
    Correct
    Incorrect
  • 2
    Homeowner's exemption
    Correct
    Incorrect
  • 3
    Veteran's exemption
    Correct
    Incorrect
  • 4
    Senior citizen's tax exemption
    Correct
    Incorrect
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Answer : 1. "Low-income homeowner's exemption"
Explanation :

Answer: A) Low-income homeowner's exemption Explanation: Under state law limited exemptions from local real property taxes for individuals who qualify are senior citizens(blind and disabled persons), who may defer their taxes; Veterans, who receive $4000 off assessed value; and homeowners, who receive $7000 off assessed value.

Q: 3 In which year, the first bank of India "Bank of Hindustan" was established ? 152 0

  • 1
    1677
    Correct
    Incorrect
  • 2
    1770
    Correct
    Incorrect
  • 3
    1796
    Correct
    Incorrect
  • 4
    1831
    Correct
    Incorrect
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Answer : 2. "1770"
Explanation :

Answer: B) 1770 Explanation: Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829-32.

Q: 4 Which of the following is the oldest Joint Stock Bank of India  ? 196 0

  • 1
    Patiala Bank
    Correct
    Incorrect
  • 2
    Punjab National Bank
    Correct
    Incorrect
  • 3
    Bank of India
    Correct
    Incorrect
  • 4
    Allahabad Bank
    Correct
    Incorrect
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Answer : 4. "Allahabad Bank"
Explanation :

Answer: D) Allahabad Bank Explanation: Oldest Joint Stock bank of India was Bank of Upper India that was established in 1863. But this bank failed in 1913. India's Oldest Joint Stock Bank which is still working is Allahabad Bank. It is also known as India's oldest public sector bank.

Q: 5 As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio between authorized, subscribed and paid-up capital of a banking company should be 142 0

  • 1
    2 : 2 : 1
    Correct
    Incorrect
  • 2
    4 : 2 : 1
    Correct
    Incorrect
  • 3
    2 : 1 : 4
    Correct
    Incorrect
  • 4
    1 : 1 : 1
    Correct
    Incorrect
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Answer : 2. "4 : 2 : 1"
Explanation :

Answer: B) 4 : 2 : 1 Explanation: As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio should be 4:2:1.

Q: 6 Which is the largest foreign bank in India   ? 111 0

  • 1
    HDFC Bank
    Correct
    Incorrect
  • 2
    American Express Bank Ltd
    Correct
    Incorrect
  • 3
    DBS Bank Ltd
    Correct
    Incorrect
  • 4
    Standard Chartered Bank
    Correct
    Incorrect
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Answer : 4. "Standard Chartered Bank"
Explanation :

Answer: D) Standard Chartered Bank Explanation: Standard Chartered Bank Standard Chartered Bank have been operating in India since 1858.

Q: 7 Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets : 140 0

  • 1
    Mutual Fund
    Correct
    Incorrect
  • 2
    Income Tax
    Correct
    Incorrect
  • 3
    Stock Exchange
    Correct
    Incorrect
  • 4
    Banking
    Correct
    Incorrect
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Answer : 4. "Banking"
Explanation :

Answer: D) Banking Explanation:

Q: 8 The total sum of the goods and services produced in a country in a year, minus depreciation is called as ________. 126 0

  • 1
    Net Domestic Product
    Correct
    Incorrect
  • 2
    Gross National Income
    Correct
    Incorrect
  • 3
    Gross Domestic Product
    Correct
    Incorrect
  • 4
    Net National Product
    Correct
    Incorrect
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Answer : 1. "Net Domestic Product"
Explanation :

Answer: A) Net Domestic Product Explanation: Gross Domestic Product :  It is the total value of all final goods and services produced within the boundary of country during the given period of time.  Gross National Product : It is the total value of the total output or production of final goods and services produced by the nationals of a country during a given period of time.  Gross National Income :  It is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents. Net National Product : The total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.

      Report Error : The main components of market risk are  a) Liquidity risk     b) Interest rate risk       c) Currency risk

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      Report Error : All of these are exemptions from local real property taxes EXCEPT :

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      Report Error : In which year, the first bank of India "Bank of Hindustan" was established ?

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      Report Error : Which of the following is the oldest Joint Stock Bank of India  ?

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      Report Error : As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio between authorized, subscribed and paid-up capital of a banking company should be

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      Report Error : Which is the largest foreign bank in India   ?

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      Report Error : Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :

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      Report Error : The total sum of the goods and services produced in a country in a year, minus depreciation is called as ________.

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