Banking Awareness - Origin and Development of Banking in India

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Question - 1

Consider the following statements:
1. In Indian Commercial Banking System, the number of the Non-Scheduled Bank is more than the Scheduled Banks
2. The Non-Scheduled Banks in Indian Commercial Banking system are even less than a dozen in number.
Which of the statements given above are correct?

  • A Only 1
  • B Only 2
  • C Both 1 and 2
  • D Neither 1 nor 2
  • E Can't say

Question - 2

Which one of the following banks can be included in the Scheduled Commercial Banking System of India?

  • A Regional Rural Banks
  • B Private Sector Banks
  • C Foreign Banks in India
  • D All of the above
  • E None of the above

Question - 3

Match the following:

List I List II
A. Allahabad Bank 1. Delhi
B. Central Bank of India 2. Kolkata
C. Indian Overseas Bank 3. Mumbai
D. Punjab National Bank 4. Chennai
  • A A B C D 2 4 3 1
  • B A B C D 2 3 4 1
  • C A B C D 4 3 2 1
  • D A B C D 4 1 3 2
  • E A B C D 1 2 3 4

Question - 4

Which of the following Public Sector Bank's emblem figures a dog and the words 'faithful friendly' in it?

  • A Punjab National Bank
  • B Syndicate Bank
  • C Oriental Bank of India
  • D State Bank of India
  • E Central bank of India

Question - 5

Consider the following statements:
1. Scheduled Commercial Banks are those which have been included in the First Scheduled of RBI Act, 1934
2. Non-Scheduled Commercial Banks are those which have been included in the Second Scheduled of RBI Act, 1934
Which of these Statements given above are correct?

  • A Only 1
  • B Only 2
  • C Both 1 and 2
  • D Neither 1 nor 2
  • E Can't say

Question - 6

In India, the first bank of Limited Liabilities managed by Indians and founded in 1881 was

  • A Hindustan Commercial Bank
  • B Oudh Commercial Bank
  • C Punjab National Bank
  • D Punjab and Sind Bank
  • E National Bank

Question - 7

How many banks were first nationalized?

  • A 10
  • B 12
  • C 14
  • D 16
  • E 24

Question - 8

When was the second phase of nationalization done?

  • A 9th July 1969
  • B 10th July 1968
  • C 16th August 1985
  • D 15th April 1980
  • E None of the above

Question - 9

How many banks were in the second phase of nationalized?

  • A 4
  • B 5
  • C 6
  • D 7
  • E 9

Question - 10

Who will act as the banker to the Government of India?

  • A State Bank of India
  • B Reserve Bank of India
  • C NABARD
  • D National Banks
  • E Central Bank of India