Banking Old Questions
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Banking Old Questions - sample questions with answers
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1. Before the establishment of Nepal Rastra Bank, which entity used to issue paper notes in Nepal?
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Answer: Sadar Muluki Khana
Prior to the establishment of Nepal Rastra Bank, paper currency in Nepal was issued by the Sadar Muluki Khana.
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2. Which act currently governs the central banking operations in Nepal?
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Answer: Nepal Rastra Bank Act, 2058
The prevailing law governing central banking in Nepal is the Nepal Rastra Bank Act, 2058.
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3. Which institution is considered the first development bank of Nepal?
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Answer: Nepal Industrial Development Corporation (NIDC)
In Nepalese banking history, Nepal Industrial Development Corporation (NIDC) is regarded as the first development bank.
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4. According to the Bank and Financial Institutions Act, which of the following classes of institutions is not allowed to upgrade to a higher class?
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Answer: Class 'D' microfinance financial institution
Under the Bank and Financial Institutions Act, Class 'D' microfinance institutions are not permitted to upgrade to a higher class.
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5. Under which act was Nepal's central bank, 'Nepal Rastra Bank', established?
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Answer: Nepal Rastra Bank Act, 2012
Nepal Rastra Bank was established on 14 Baishakh 2013 BS under the Nepal Rastra Bank Act, 2012.
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6. On which date did the Nepal Rastra Bank Act, 2058 come into force?
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Answer: January 31, 2002 (2058 Magh 17 BS)
The Nepal Rastra Bank Act, 2058 came into effect on 17 Magh 2058 BS.
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7. Which Malla king introduced the gold coin known as 'Asharfi' as legal tender in Nepal?
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Answer: Jaya Prakash Malla
Jaya Prakash Malla, the last Malla king of Kantipur, introduced gold coins (Asharfi) into circulation in Nepal.
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8. When did Nepal Rastra Bank issue the first Rs. 5 note bearing the inscription 'Government of Nepal' instead of 'His Majesty's Government'?
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Answer: June 20, 2006 (2063 Ashar 6 BS)
Nepal Rastra Bank issued the first Rs. 5 banknote inscribed with 'Government of Nepal' on 6 Ashar 2063 BS.
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9. Which coin is recognized in world history as the smallest coin ever minted?
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Answer: Jawa
The 'Jawa', minted by the Malla kings of Kathmandu, is recognized as the smallest coin in the world.
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10. Which Malla king introduced the 'Jawa', historically considered the world's smallest coin?
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Answer: Jaya Prakash Malla
The world's smallest coin, the silver Jawa, was issued by King Jaya Prakash Malla of Kathmandu.
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11. When were paper banknotes first issued in Nepal?
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Answer: 17 September 1945 (1 Ashwin 2002 BS)
Paper banknotes were first issued in Nepal on 1 Ashwin 2002 BS through Sadar Mulukikhana.
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12. Whose signature was on Nepal's first paper currency notes issued on Ashwin 1, 2002 BS?
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Answer: Khajanchi Narendra Raj
The first paper notes of Nepal, issued on Ashwin 1, 2002 BS by Sadar Mulukikhana, bore the signature of Khajanchi Narendra Raj.
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13. Which Malla king introduced leather coins in the history of Nepal?
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Answer: Siddhi Narsingh Malla
King Siddhi Narsingh Malla of Patan introduced leather currency in Nepal.
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14. Who inaugurated Nepal's first commercial bank, 'Nepal Bank Limited'?
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Answer: King Tribhuvan
Nepal Bank Limited was formally inaugurated on Kartik 30, 1994 BS by King Tribhuvan.
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15. Which animal is depicted on the currently circulating Nepalese Rs 100 banknote?
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Answer: One-horned Rhinoceros
The Nepalese Rs 100 banknote features the image of a one-horned rhinoceros.
This chapter has 50 questions. Practise them all with timing, answers and explanations.