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13.	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

Answer

Ans: A Rate at which RBI purchases or rediscounts bill of exchange of commercial banks

14.	What is the major source of revenue for the commercial banks?
	A.  The difference between what is charged from borrowers and what is paid to depositors
	B.  Fixed deposits
	C.  Revenue from the share market
	D.  None of the above

Answer

Ans: A The difference between what is charged from borrowers and what is paid to depositors

15.	The bank rate is the rate at which
	A.  The RBI gives credit to the commercial banks
	B.  The RBI lend to the public
	C.  A bank lends to the public
	D.  The Government of India lends to other countries

Answer

Ans: A The RBI gives credit to the commercial banks

16.	Which of the following is NOT a banking related terms?
	A.  Overdraft
	B.  SME Finance
	C.  Equinox
	D.  Drawing power

Answer

Ans: C Equinox