Bank Term Awareness Questions

Below are given bank related questions which you can expect in bank exams.
Question 1
Banks calculate Savings bank account interest on _____
a) daily basis
b) monthly basis based on minimum balance

c) weekly basis based on minimum balance
d) yearly basis based on minimum balance
Answer : a) daily basis
Question 2
Regional Rural Banks are supervised by ______
a) RBI
b) IOB
c) SEBI
d) UTI
Answer : a) RBI
Question 3
Private Banks are being licensed from _______
a) 1995
b) 1996
c) 1993
d) 1994
Answer : c) 1993
Question 4
Call Money refers to ______
a) lending money for one day
b) lending money for 15 days
c) lending money for 1 month
d) None of these
Answer : a) lending money for one day
Question 5
Inter-bank mark is also known as _______
a) call money
b) term money
c) new money
d) None of these
Answer : b) term money