Learn 5 Bank Terminology Questions To Prepare For IBPS Exam

Dear Reader,
Below are given bank term related questions to practice for awareness section in bank exams.
Question 1
"P - notes" stands for ______ .
a) Participatory notes
b) Plastic notes
c) Payment notes

d) None of these
Answer : a) Participatory notes
Question 2
Currency Appreciation occurs when ______.
a) Currency value decreases to another currency
b) Currency value increases to another currency
c) Currency value equals to another currency
d) None of these
Answer : b) Currency value increases to another currency
Question 3
The measurement of a nations's goods and services within a year is called as _____.
a) Gross National Product
b) Gross Exchange Product
c) Gross Domestic Product
d) Gross Export Product
Answer : c) Gross Domestic Product
Question 4
The first Indian bank to open branch in Saudi Arabia is _____.
a) Indian Bank
b) Canara Bank
c) SBI
d) Bank of Baroda
Answer : c) SBI
Question 5
Bank rate refers ______.
a) Interest rate charged by RBI for banks
b) Interest rate charged by banks to customers
c) Interest rate charged for loans
d) Interest rate charged by RBI for loans
Answer : a) Interest rate charged by RBI for banks