Question : The currency note in India is a:

Option 1: Promissory note

Option 2: Cheque

Option 3: Demand draft

Option 4: Bill of exchange

Question : Who issues INR 10 notes in India?

Option 1: Reserve Bank of India

Option 2: State Bank of India

Option 3: Union Bank of India

Option 4: Central Bank of India

Question : On a sum of money for 2 years compound interest and simple interest are INR 550 and INR 500. Find the rate of interest (per annum).

Option 1: 40%

Option 2: 10%

Option 3: 20%

Option 4: 30%

Question : The sum of money at simple interest amounts to INR 750 in 3 years and to INR 825 in 4 years. The sum is:

Option 1: INR 475

Option 2: INR 500

Option 3: INR 550

Option 4: INR 525

Question : Which of the following is an example of a public sector bank in India?

Option 1: Federal Bank

Option 2: HDFC Bank

Option 3: Axis Bank

Option 4: Punjab National Bank