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  • Question
  • In which year, the first bank of India "Bank of Hindustan" was established ?


  • Options
  • A. 1677
  • B. 1770
  • C. 1796
  • D. 1831

  • Correct Answer
  • 1770 

    Explanation

    Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829-32.

  • Tags: Bank Exams, CAT, Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. Define Budgetary Control ?
    • Discuss
    • 2. Most modern Banking Systems are based on

    • Options
    • A. commodity money
    • B. 100 percent reserves
    • C. fractional reserves
    • D. money of intrinsic value
    • Discuss
    • 3. What is ?Bill Discount? ?
    • Discuss
    • 4. What is CRR rate?
    • Discuss
    • 5. What have you learned from your studies that can be applied to a career in investment banking?
    • Discuss
    • 6. As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio between authorized, subscribed and paid-up capital of a banking company should be

    • Options
    • A. 2 : 2 : 1
    • B. 4 : 2 : 1
    • C. 2 : 1 : 4
    • D. 1 : 1 : 1
    • Discuss
    • 7. When referring to student loans what is a grace period?

    • Options
    • A. 6 months
    • B. 12 months
    • C. 18 months
    • D. 24 months
    • Discuss
    • 8. Tally package is developed by

    • Options
    • A. Tally Solutions
    • B. Coral Softwares
    • C. Vedika Softwares
    • D. Peutronics
    • Discuss
    • 9. Interest is usually associated with

    • Options
    • A. doubtful accounts
    • B. bad debts
    • C. accounts receivable
    • D. notes receivable
    • Discuss
    • 10. Financial statements are prepared from which trial balance?

    • Options
    • A. Unadjusted trial balance
    • B. Adjusted trial balance
    • C. Post- closing trial balance
    • D. None of the above
    • Discuss


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