Deck 9: Banking History and Classification in India

Question 1

The Imperial Bank was renamed:

A)Reserve Bank of India
B)State Bank of India
C)Bank of Hindustan
D)Punjab National Bank

Answer 1

State Bank of India

Question 2

Imperial Bank was formed in ________ by the amalgamation of three presidency banks - the Bank of Bengal, the Bank of Bombay, and the Bank of Madras:

A)1921
B)1934
C)1949
D)1955

Answer 2

1921

Question 3

The Regional Rural Banks were set up in the year

A)1974
B)1975
C)1976
D)1977

Answer 3

1975

Question 4

14 of the major private sector banks in India were nationalized in the year:

A)1969
B)1970
C)1979
D)1980

Question 5

The 2nd nationalization of six private banks was made in the year:

A)1969
B)1970
C)1979
D)1980

Question 6

In which year was the Banking Regulation Act passed?

A)1949
B)1955
C)1959
D)1969

Question 7

The card by which you cannot buy a product is:

A)Credit card
B)ATM card
C)Debit card
D)Smart card

Question 8

Each Regional Rural Bank is sponsored by:

A)a private sector bank
B)a public sector bank
C)cooperative bank
D)none of the above

Question 9

The first Indian bank known as "The bank of Hindustan" was started in

A)1770
B)1771
C)1772
D)1773

Question 10

Usually, in public sector banks, government holdings are more than

A)40%
B)50%
C)60%
D)55%

Question 11

Regional Rural Banks (RRB?s) were established in

A)1965
B)1955
C)1975
D)1985

Question 12

___________is a central bank of a country.It acts as a leader of the money market.

A)Commercial bank
B)RBI
C)Development bank
D)SBI

Question 13

Non-schedule Bank have a paid up capital and reserves of aggregate value of less than

A)2 lakhs
B)3 lakhs
C)4 lakhs
D)5 lakhs.

Question 14

Internet Banking is also known as

A)e-banking
B)virtual banking
C)both a and b
D)None of them.

Question 15

Bank classifications according to law are

A)Private Bank
B)Scheduled bank
C)Non-scheduled bank
D)Both (b) and (c)

Question 16

The first public bank was

A)SBI
B)Rural Bank
C)PNB
D)Bank of Venice

Question 17

Modern Banking in India originated during the

A)16th Century
B)18th Century
C)17th Century
D)19th Century

Question 18

The largest and oldest bank still in existence is the

A)Bank of Baroda
B)Reserve Bank of India
C)State Bank of India
D)Axis Bank

Question 19

In 1969 how many large banks of India does the government nationalized?

A)14
B)20
C)17
D)8

Question 20

The previous name of S.B.I which existed during the British rule was

A)Bank of Bengal
B)Bank of Calcutta
C)Bank of Bombay
D)Imperial Bank of India

Question 21

NABARD stands for

A)National Bank for Agriculture and Rural Development
B)National Agriculture Bank and Rural Development
C)National Allied Bank for Regional Development
D)National Bank for Agriculture and Regional Development

Question 22

Public sector bank is a bank where the central government owned more than

A)60% shares
B)50% shares
C)25% shares
D)49% share

Question 23

Which one of this is a private sector bank

A)Canara Bank
B)Indian Overseas Bank
C)Punjab National Bank
D)Induslnd Bank

Question 24

Which one of this is not a function of Mobile Banking

A)Balance Enquiry
B)Cash Withdrawal
C)Fund transfer
D)Bill Payment

Question 25

NABARD was set up in the year

A)1981
B)1982
C)1983
D)1984