Banking Awareness - Origin and Development of Banking in India
Exam Duration: 45 Mins Total Questions : 30
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
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
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
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
Match the following:
List I | List II |
A. Allahabad Bank | 1. 1894 |
B. Oriental Bank of Commerce | 2. 1943 |
C. Punjab National Ban | 3. 1943 |
D. UCO Bank | 4. 1865 |
- (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 3 1 4 2
What is the animal of the insignia of the RBI?
- (a)
Lion
- (b)
Tiger
- (c)
Panther
- (d)
Elephant
- (e)
Horse
Which of the following Indian Banks is not a Nationalized Bank?
- (a)
Corporation Bank
- (b)
Dena Bank
- (c)
Federal Bank
- (d)
Vijaya Bank
- (e)
Oriental Bank of Commerce
Consider the following statements:
1. Allahabad Bank was the first bank to be established exclusively by Indians.
2. Seven banks forming subsidiary of State Bank of India was nationalized in 1960.
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
Who regulates the money circulation in India?
- (a)
State Bank of India
- (b)
Reserve Bank of India
- (c)
NABARD
- (d)
Commercial Bank
- (e)
SBI
Which of the following is not an organized sector in India?
- (a)
Nationalised Banks
- (b)
Regional Rural Banks
- (c)
Cooperative Banks
- (d)
Chits and Money Lenders
- (e)
Industrial Bank
Who will settle the grievances of customers of banks?
- (a)
Reserve Bank of India
- (b)
State Bank of India
- (c)
Local Courts
- (d)
Ombuds Men
- (e)
Governor of RBI
Which was the first Bank corporate by the Indians?(1881)
- (a)
Imperial Bank of India
- (b)
State Bank of India
- (c)
Avadh Commercial Bank
- (d)
Reserve Bank of India
- (e)
National Bank
When was the Avadh Commercial Bank established?
- (a)
1881
- (b)
1894
- (c)
1898
- (d)
1899
- (e)
1864
In the second nationalization of commercial banks ___ were nationalized.
- (a)
4
- (b)
5
- (c)
6
- (d)
8
- (e)
9
The first wholly Indian Bank was set-up in
- (a)
1794
- (b)
1894
- (c)
1896
- (d)
1902
- (e)
1918
When was SBI established?
- (a)
1st April 1935
- (b)
31st July 1969
- (c)
5th May 1955
- (d)
1st July 1955
- (e)
5th May 1960
Presently, the number of the public sector banks in India is
- (a)
8
- (b)
20
- (c)
28
- (d)
14
- (e)
None of these
Which of the following is popular 'saving bank' among the poor children?
- (a)
Core Banking
- (b)
Credit Banking
- (c)
Debit Banking
- (d)
Mercent Banking
- (e)
Piggy Banking
The government passed the State Bank of India (Subsidiary Banks) Act in
- (a)
1934
- (b)
1949
- (c)
1955
- (d)
1959
- (e)
None of these
SBI day is observed on?
- (a)
1st January
- (b)
1st April
- (c)
1st July
- (d)
1st August
- (e)
None of these
SBI Act was passed in Parliament in
- (a)
1935
- (b)
1949
- (c)
1955
- (d)
1969
- (e)
1980
Generally, the minimum rate below which the banks do not lend is known as
- (a)
floor rate
- (b)
repo rate
- (c)
highest rate
- (d)
base rate
- (e)
all of the above
Which of the following banks has acquired the 'Centurion Bank of Punjab'?
- (a)
ICICI Bank
- (b)
IDBI Bank
- (c)
HDFC Bank
- (d)
AXIS Bank
- (e)
None of these
When was Ombuds Men Scheme first introduced?
- (a)
November 2006
- (b)
October 1981
- (c)
June 1995
- (d)
January 1998
- (e)
All of these
When was Reserve Bank of India Nationalised?
- (a)
1947
- (b)
1948
- (c)
1949
- (d)
1950
- (e)
1960
Who is a very senior citizen?
- (a)
A person who is 65 years and above
- (b)
A person who is 75 years and above
- (c)
A person who is 80 years and above
- (d)
A person who is 90 years and above
- (e)
A person who completed 100 years of age
SEBI, a regulator of securities market in India was established in the year 1988 but was empowered with statutory Powers in the form of Act in the year
- (a)
1990
- (b)
1991
- (c)
1992
- (d)
1993
- (e)
None of these
FIPB stands for
- (a)
Foreign Investment Permanent Board
- (b)
Foreign Industrial Promotion Board
- (c)
Foreign Investment Promotion Board
- (d)
Financial Investment Promotion Board
- (e)
None of the above
The First nationalization of banks exercise was done on
- (a)
19th June 1969
- (b)
19th June 1970
- (c)
19th June 1967
- (d)
15th July 1967
- (e)
None of the above
How many banks were nationalized in the second phase in 1980?
- (a)
5
- (b)
6
- (c)
7
- (d)
4
- (e)
1