Banking Preparation Old Questions
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Banking Preparation Old Questions - sample questions with answers
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1. In which leadership style are negative motivational techniques such as fear, threats, and punishment used to manage employees?
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Answer: Autocratic leadership style
In an autocratic leadership style, leaders rely on negative motivational techniques such as fear, threats, and punishment to enforce compliance.
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2. On which date was the Asian Infrastructure Investment Bank (AIIB) formally inaugurated into operation?
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Answer: 16 January 2016
The Asian Infrastructure Investment Bank (AIIB) was officially inaugurated on 16 January 2016.
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3. According to prevailing regulations, for which of the following entities is an audit optional rather than mandatory?
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Answer: Small proprietorship firm
Auditing is optional for small proprietorship firms, whereas corporate bodies and companies are legally required to be audited.
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4. Which of the following aspects are included under inventory management?
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Answer: Delivery in, delivery out, and inventory control
Inventory management encompasses the processes of delivery in, delivery out, and inventory control.
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5. During the tenure of which Rana Prime Minister was Nepal Bank Limited established?
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Answer: Juddha Shumsher
Nepal Bank Limited was established in 1994 BS during the rule of Rana Prime Minister Juddha Shumsher.
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6. Who acts as the 'Lender of Last Resort' when a crisis occurs in the banking system?
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Answer: Central Bank
The central bank serves as the lender of last resort by providing liquidity to financial institutions during crises.
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7. Which bank introduced ATM services for the first time in Nepal?
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Answer: Himalayan Bank
Himalayan Bank was the first bank to introduce ATM services in Nepal in 1995.
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8. How many joint venture banks are operating in Nepal?
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Answer: 7
There are 7 joint venture banks operating in Nepal.
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9. What is the single rate of Value Added Tax (VAT) levied in Nepal?
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Answer: 13 percent
Under the Value Added Tax Act, 2052, the single standard VAT rate in Nepal is 13 percent.
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10. Which animal is depicted on the back of the current Nepalese 50-rupee note?
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Answer: Himalayan Tahr/Sheep
The Nepalese 50-rupee banknote features an image of a Himalayan tahr/sheep on its reverse side.
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11. Which is the primary authority responsible for regulating, supervising, and monitoring the banking and financial system in Nepal?
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Answer: Nepal Rastra Bank
According to the Nepal Rastra Bank Act, 2058, Nepal Rastra Bank regulates, supervises, and monitors the entire banking and financial system of Nepal.
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12. When was Nepal's first commercial bank, 'Nepal Bank Limited', established?
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Answer: 15 November 1937 (30 Kartik 1994 BS)
Nepal Bank Limited was established on Kartik 30, 1994 BS.
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13. Where is the central office of Nepal Rastra Bank located in Kathmandu?
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Answer: Baluwatar
The head office of Nepal Rastra Bank, the central bank of Nepal, is located at Baluwatar, Kathmandu.
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14. Which country was the first in the world to introduce paper currency?
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Answer: China
Paper currency was first developed and used in China during the Tang/Song dynasty.
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15. Following various mergers and acquisitions, how many commercial banks ('Class A') are currently operating in Nepal?
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Answer: 20
After several mergers and acquisitions, there are currently 20 commercial banks operating in Nepal.
This chapter has 48 questions. Practise them all with timing, answers and explanations.