Banking General knowledge for AXIS Bank [TEST-7]

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G.K. Questions on Banking

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Question 3421 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

..... is the cost of borrowing or the price paid for the rental of funds

A
Yield to maturity
B
Dividend
C
Interest rate
D
Retained earnings
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Question 3422 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

To make payments of rent, insurance premium, etc. are considered as ..... functions of commercial banks

A
core
B
agency
C
utility
D
corporate finance
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Question 3423 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which have higher interest rate: Certificates of Deposit (CD, aka time deposits) accounts or savings accounts?
A
CDs
B
savings account
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Question 3424 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

Factoring was first started by which bank in India

A
Bank of India
B
State bank of india
C
Bank of Baroda
D
ICICI
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Question 3425 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of these are components of minutes?
A
Heading and Call to Order
B
Approval of Minutes and Committee Reports
C
Old Business and New Business
D
All of the above
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Question 3426 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

What is the lowest balance that you are allowed to have in your account called?

A
Account Number
B
Balance
C
Minimum Deposit
D
Minimum Balance
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Question 3427 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

.....adequate

A
in
B
un
C
im
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Question 3428 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is one of the basic economic questions that every economic system must answer?
A
What to Produce? When to produce? How to produce?
B
What to produce?
How to produce?
Whom to produce it for?
C
When to produce?
Why to produce?
Who to produce for?
D
What to produce?
Why to produce?
How to produce?
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Question 3429 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

Steve deposited

$5,000 in a savings account that pays 4% interest compounded annually. Which

equation could be used to find the value of the account after 3 years?

A
A = 5,000(1 + 4)3
B
A = 5,000(1 + 0.04)3
C
A = 5,000(1 + 0.4) x 3
D
A = 5,000(0.04)3
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Question 3430 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]

What is Interest?

Bank exam interview questions answers
A
Payment for the temporary use of another's money
B
Something that is required by law
C
Choose this
D
couldn't come up with a fake answer so don't choose this
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