Chapter 9
Banking Awareness
TU CMAT entrance past exam questions
Past questions and answers
4 questions set from this chapter. Most repeated first.
- 2019 · CMAT · 1 mark
Which of the following currencies has the lowest value in terms of rupees?
(a) US Dollar
(b) Tear
(c) Yen
(d) Pound
Answer
(c) Yen
The Japanese yen is the smallest unit among these — 1 yen is worth only about Rs 0.9 (roughly 100 yen ≈ Rs 90), while 1 US Dollar ≈ Rs 133 and 1 Pound ≈ Rs 170. So the yen has the lowest value in terms of rupees.
Answer checked by Claude Haiku · Oct 21, 2026
Test yourself · 1 MCQ
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- 2019 · CMAT · 1 mark
'Bank of the Year 2018' was awarded by financial Times of Britain to:
(a) Prabhu Bank Ltd.
(b) NMB Bank Ltd.
(c) NABIL Bank Ltd.
(d) NIC Asia Bank Ltd
Answer
(c) NABIL Bank Ltd.
Nabil Bank was named "Bank of the Year 2018 – Nepal" by The Banker magazine of the Financial Times, London, in recognition of its performance and sound banking practices.
Answer checked by Claude Haiku · Oct 21, 2026
Test yourself · 1 MCQ
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- 2019 · CMAT · 1 mark
Mortality table is used to compute the premium of
(a) Fire insurance
(b) Life insurance
(c) Accident insurance
(d) Vehicle
Answer
(b) Life insurance
A mortality table gives the death rates at each age, which life insurers use to estimate expected claims and calculate life insurance premiums. Fire, accident and vehicle insurance are general (non-life) insurances, where premiums are based on loss experience rather than mortality.
Answer checked by Claude Haiku · Oct 21, 2026
Test yourself · 2 MCQs
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- 2016 · CMAT · 1 mark
The place where bankers meet and settle their mutual claims and accounts is known as
(a) Treasury
(b) Clearing house
(c) Collection center
(d) Dumping ground
Answer
(b) Clearing house
A clearing house is the institution where banks meet and settle their mutual claims, cheques and accounts among themselves without transferring cash for each transaction.
Answer checked by Claude Haiku · Oct 21, 2026
Test yourself · 2 MCQs
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Questions from CMAT Set 01 (BSc CSIT entrance · CMAT Set 1), CMAT Set 02 (BSc CSIT entrance · CMAT Set 2), CMAT Set 03 (BSc CSIT entrance · CMAT Set 3), CMAT Set 04 (BSc CSIT entrance · CMAT Set 4), CMAT Set 05 (BSc CSIT entrance · CMAT Set 5), CMAT Set 06 (BSc CSIT entrance · CMAT Set 6), CMAT Set 07 (BSc CSIT entrance · CMAT Set 7), CMAT Set 08 (BSc CSIT entrance · CMAT Set 8), CMAT Set 09 (BSc CSIT entrance · CMAT Set 9), CMAT Set 10 (BSc CSIT entrance · CMAT Set 10), CMAT 2020 Past Question (BSc CSIT entrance · CMAT · 2020), CMAT 2019 Past Question (BSc CSIT entrance · CMAT · 2019), CMAT (BBM) 2018 Past Question (BSc CSIT entrance · CMAT (BBM) · 2018), CMAT 2018 Past Question (BSc CSIT entrance · CMAT · 2075), CMAT 2017 Past Question (BSc CSIT entrance · CMAT · 2074), CMAT 2016 Past Question (BSc CSIT entrance · CMAT · 2016), CMAT 2015 Past Question (BSc CSIT entrance · CMAT · 2015), CMAT 2014 Past Question (BSc CSIT entrance · CMAT · 2014), CMAT 2012 Past Question (BSc CSIT entrance · CMAT · 2012), CMAT 2011 Past Question (BSc CSIT entrance · CMAT · 2011) and CMAT 2010 Past Question (BSc CSIT entrance · CMAT · 2010). Answers are written for this site; check them against your class notes.