General Knowledge Questions and Answers for Bank Exams

21. For International payments, the Indian currency is linked to
  A.  British Sterling
  B.  Gold Standard
  C.  American Dollar
  D.  None of these
Answer
Ans: A
British Sterling
22. The Bank Rate is the rate interest at which the Reserve Bank of India Provides loans to the
  A.  Corporate sector
  B.  Foreign institutional Investors
  C.  Public Sector
  D.  Scheduled Commercial Banks
Answer
Ans: D
Scheduled Commercial Banks
23. The functions of the Lead Bank are performed by
  A.  Any Bank
  B.  Reserve Bank of India
  C.  A bank designed for this purpose
  D.  State Bank of India
Answer
Ans: C
A bank designed for this purpose
24. In India, the first bank of limited liabilities managed by Indians and founded in 1881 was
  A.  Punjab and Sind Bank
  B.  Hindustan Commercial Bank
  C.  Oudh Commercial Bank
  D.  Punjab National Bank
Answer
Ans: C
Oudh Commercial Bank
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