Deck 1: Indian Banking System and Operations: A Comprehensive Overview

Question 1

Indian banks were nationalised in the year

A)1949
B)1969
C)1959
D)1979

Answer 1

1969

Question 2

Bankers are not only purveyors of money but also an important sense they are

A)consumers
B)manufacturers
C)lenders
D)borrowers

Answer 2

manufacturers

Question 3

Primary functions of a commercial banks are ........... and lending

A)honouring cheques
B)accepting deposits
C)issuing cheques
D)issuing dd

Answer 3

accepting deposits

Question 4

The total number of public sector banks in India is

A)14
B)12
C)28
D)22

Question 5

Indian Institute of Bankers is registered as.............

A)trustee
B)association
C)joint stock company
D)co-op society

Question 6

The head quarters of National Housing Bank is

A)new delhi
B)mumbai
C)agra
D)hyderabad

Question 7

The Head quarters of Allahabad Bank is

A)allahabad
B)mumbai
C)calcutta
D)delhi

Question 8

The 'Teller System' has been introduced by banks to.........

A)canvas more customers
B)make quick payment of cheque
C)clarify enquiries
D)advice customers

Question 9

Money at call and short notice of a bank is ............

A)secured advance
B)bankers second line of advance
C)widely distributed loans
D)all the above

Question 10

The terms drawer, drawee and payee are associated with;

A)cheques
B)promissory notes
C)delivery order
D)hundies

Question 11

Where the RBI has no branch the bank which can act as its agent is;

A)any commercial bank
B)any nationalised bank
C)sbi
D)indian bank

Question 12

Unless otherwise specified DD or cheques is valid for a period of;

A)6 months
B)1 year
C)3 months
D)one month

Question 13

RBI was nationalised in the year

A)1941
B)1949
C)1943
D)1935

Question 14

The drawee of a cheque is always..........

A)customer
B)minor
C)company
D)bank

Question 15

Commercial banks in India was organised as.......

A)sole proprietorship
B)joint stock company
C)partnership
D)joint sector

Question 16

In India ............. banks are nationalised in the year 1969

A)16
B)19
C)14
D)22

Question 17

Second nationalisation of commercial banks (6 banks)was in the year

A)1979
B)1980
C)1984
D)1976

Question 18

Cooperative banks are registered under.............

A)rbi act
B)banking regulation act
C)co-operative societies act
D)any of the above

Question 19

The first Regional Rural Bank came into existence on

A)1972
B)1964
C)1975
D)1977

Question 20

The largest public sector bank in India is

A)rbi
B)sbi
C)canara bank
D)indian overseas bank

Question 21

RRB Act was enacted in the year

A)1974
B)1979
C)1975
D)1976

Question 22

............. is the apex institution for rural development and rural credit

A)rbi
B)idbi
C)nabard
D)irbi

Question 23

RBI was established in the year

A)1949
B)1935
C)1964
D)1947

Question 24

Medium term loans are meant for a period

A)3-5 years
B)5-10 years
C)over 10 years
D)1-3 years

Question 25

Possession of a security practically with the banker is in the case of

A)mortgage
B)pledge
C)hypothecation
D)hire purchase