Banking General Knowledge Questions and Answers Pdf - 4

Question: 16

The bank rate means

(A) Rate at which RBI purchases or rediscounts bill of exchange of commercial banks

(B) Rate of interest allowed by commercial banks on their deposits

(C) Rate of interest at which commercial banks discounted bills of their borrowers

(D) Rate of interest charged by commercial banks from borrowers

Question: 17

What is the major source of revenue for the commercial banks?

(A) Fixed deposits

(B) Revenue from the share market

(C) The difference between what is charged from borrowers and what is paid to depositors

(D) None of the above

Question: 18

The bank rate is the rate at which

(A) The RBI lend to the public

(B) A bank lends to the public

(C) The Government of India lends to other countries

(D) The RBI gives credit to the commercial banks

Question: 19

Which of the following is NOT a banking related terms?

(A) Overdraft

(B) SME Finance

(C) Equinox

(D) Drawing power

Question: 20

Bank Rate is the rate

(A) The rate at which banks lend to the Industrial Financial Institutions

(B) At which Reserve Bank of India lends money to commercial Banks

(C) At which banks lend money to the depositors

(D) None of the above