Origin and Development of Banking in India
Exam Duration: 45 Mins Total Questions : 30
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
How many banks were first nationalized?
- (a)
10
- (b)
12
- (c)
14
- (d)
16
- (e)
24
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
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
Where is the headquarter of Reserve Bank of India?
- (a)
Mumbai
- (b)
Delhi
- (c)
Kolkata
- (d)
Ahmedabad
- (e)
Noida
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
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 introduced the Banking Ombudsmen Scheme?
- (a)
ARBI
- (b)
SBI
- (c)
Ministry of Finance
- (d)
NABARD
- (e)
None of these
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 has Indian Bank Act come in force?
- (a)
1948
- (b)
1949
- (c)
1950
- (d)
1951
- (e)
1940
Imperial Banks were amalgamated and changed as
- (a)
Reserve Bank of India
- (b)
State Bank of India
- (c)
Subsidiary Bank
- (d)
Union Bank of India
- (e)
Corporation bank
When was Imperial bank changed as state Bank of India?
- (a)
1st January 1935
- (b)
26th February 1947
- (c)
1st July 1955
- (d)
1st July 1959
- (e)
26th February 1955
In the second nationalization of commercial banks ___ were nationalized.
- (a)
4
- (b)
5
- (c)
6
- (d)
8
- (e)
9
Traveller's cheques are valid for ____
- (a)
Three Months
- (b)
Six Months
- (c)
One Year
- (d)
No Limit are valid till encashed
- (e)
None of the above
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
The origin of the State bank of India goes back to the first decade of the 19th century with the establishment of
- (a)
Bank of Calcutta
- (b)
Bank of Bengal
- (c)
Bank of Bombay
- (d)
Bank of Madras
- (e)
None of these
The State Bank of India was constituted on
- (a)
1st April 1935
- (b)
1st January 1949
- (c)
1st July 1955
- (d)
1st September 1956
- (e)
None of these
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
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
What were the deposits criteria of 14 banks nationalized on 19th July 1969?
- (a)
Rs. 1000 crore
- (b)
Rs. 500 crore
- (c)
Rs. 100 crore
- (d)
Rs. 50 crore
- (e)
None of these
Board for Financial Supervision (BFS) constituted in 1994 by RBI to undertake consolidated supervision of
- (a)
Commercial Banks
- (b)
financial institutions
- (c)
non-banking finance companies
- (d)
none of the Above
- (e)
All of the above
Name the premier institution that is taking care of the financial needs of importers and exporters of our country which was established in the year 1981?
- (a)
EXPO Bank
- (b)
Export Import Bank(EXIM)
- (c)
Merchant Bank
- (d)
ECGC
- (e)
None of the above
SMERA is an SME Rating Agency in India meant for
- (a)
rating on the credit worthiness of MSME
- (b)
rating on quality management
- (c)
rating on training system
- (d)
rating on technology usage in the organization
- (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
