Bank Interview Practice Question and Answer8
Q: 1 The main components of market risk are a) Liquidity risk b) Interest rate risk c) Currency risk 232 05b5cc731e4d2b4197774f7c45b5cc731e4d2b4197774f7c4
- 1Only afalseCorrectIncorrect
- 2both a and bfalseCorrectIncorrect
- 3only cfalseCorrectIncorrect
- 4all a, b and ctrueCorrectIncorrect
Answer : 4. "all a, b and c"
Answer: D) all a, b and c Explanation:
Q: 2 All of these are exemptions from local real property taxes EXCEPT : 143 05b5cc70be4d2b4197774f2d25b5cc70be4d2b4197774f2d2
- 1Low-income homeowner's exemptiontrueCorrectIncorrect
- 2Homeowner's exemptionfalseCorrectIncorrect
- 3Veteran's exemptionfalseCorrectIncorrect
- 4Senior citizen's tax exemptionfalseCorrectIncorrect
Answer : 1. "Low-income homeowner's exemption"
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 05b5cc6d8e4d2b4197774e7965b5cc6d8e4d2b4197774e796
Answer : 2. "1770"
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 05b5cc6d8e4d2b4197774e7915b5cc6d8e4d2b4197774e791
- 1Patiala BankfalseCorrectIncorrect
- 2Punjab National BankfalseCorrectIncorrect
- 3Bank of IndiafalseCorrectIncorrect
- 4Allahabad BanktrueCorrectIncorrect
Answer : 4. "Allahabad Bank"
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 05b5cc6d6e4d2b4197774e6a25b5cc6d6e4d2b4197774e6a2
- 12 : 2 : 1falseCorrectIncorrect
- 24 : 2 : 1trueCorrectIncorrect
- 32 : 1 : 4falseCorrectIncorrect
- 41 : 1 : 1falseCorrectIncorrect
Answer : 2. "4 : 2 : 1"
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 05b5cc6d3e4d2b4197774e52c5b5cc6d3e4d2b4197774e52c
- 1HDFC BankfalseCorrectIncorrect
- 2American Express Bank LtdfalseCorrectIncorrect
- 3DBS Bank LtdfalseCorrectIncorrect
- 4Standard Chartered BanktrueCorrectIncorrect
Answer : 4. "Standard Chartered Bank"
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 05b5cc6d0e4d2b4197774e36c5b5cc6d0e4d2b4197774e36c
- 1Mutual FundfalseCorrectIncorrect
- 2Income TaxfalseCorrectIncorrect
- 3Stock ExchangefalseCorrectIncorrect
Answer : 4. "Banking"
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 05b5cc6cee4d2b4197774e24c5b5cc6cee4d2b4197774e24c
- 1Net Domestic ProducttrueCorrectIncorrect
- 2Gross National IncomefalseCorrectIncorrect
- 3Gross Domestic ProductfalseCorrectIncorrect
- 4Net National ProductfalseCorrectIncorrect
Answer : 1. "Net Domestic Product"
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.