Bank Exam - Questions and Answers

1. In which year Cooperative Societies Act was enacted?

Answer: 1912

2. Bank branches are established under which section of Banking Regulation Act, 1949?

Answer: Section 23

3. How many number of Non-Official Directors in Reserve Bank of India (RBI)

Answer: 16

4. The custodian of India's foreign exchange reserve is

Answer: Reserve Bank of India (RBI)

5. In which one of the accounts, no cheque book is issued?

Answer: Illiterate Account

6.  In banking languages, which among the following is called contingent liability of the banks?

Answer: Non fund based lending

7. Who monitors Priority sector lending (PSL) in commercial banks?

Answer: Reserve Bank of India (RBI)

8. Which committee recommended the set up of regional rural banks?

Answer: Narasimhan Committee

9. The Apex Bank of the USA is:

Answer: Federal Reserve Bank

10. In which country Reserve Bank Governors resigned after $81 million hack of Money?

Answer: Bangladesh