Important Banking awareness Questions (Must Read)

HISTORY OF BANKING

Q1. First Bank established in India was:
a) Bank of India
b) Bank of Hindustan
c) General Bank of India
d) None of The Above

Q2. Bank of Hindustan was established in ____:
a) 1700
b) 1770
c) 1780
d) None of The Above

Q3. Which among the following is correct regarding Bank of Hindustan:
a) The bank was established at calcutta under European management.
b) It was liquidated on 1829 - 32.
c) Both of Above
d) None of The Above


Q4. ______bank was established in 1786:
a) General Bank
b) Reserve Bank of India
c) Bank of Bengal
d) None of The Above

Q5. The Largest and Oldest Bank, still in existence is:
a) Punjab National Bank
b) Reserve Bank of India
c) State Bank of India
d) None of The Above

Q6. Which among the following is correct:
a) State Bank of India originated as the Bank of Calcutta in June 1806.
b) "Bank of Calcutta" was renamed as "Bank of Bengal".
c) Both of Above
d) None of The Above

Q7. Which among the following banks form the "Imperial Bank of India" in 1921:
a) Bank of Bombay
b) Bank of Madras
c) Bank of Bengal
d) All of the Above
e) None of The Above

Q8. Reserve Bank of India was established under which among the following act:
a) Reserve Bank of India Act 1930
b) Reserve Bank of India Act 1921
c) Reserve Bank of India Act 1934
d) None of The Above

Q9. RBI was established in:
a) 1 April, 1940
b) 1 April, 1935
c) 1 April 1948
d) None of The Above

Q10. In which year, SBI was given control of 8 state associated banks under the
State Bank of India (Subsidiary Banks) Act, 1959:
a) 1965
b) 1975
c) 1960
d) None of The Above

Q11. When was the first nationalization of many banks were conducted:
a) 19 August, 1969
b) 19 October, 1969
c) 19 July, 1969
d) None of The Above

Q12. How many banks were nationalized as on 19 July, 1969:
a) 15
b) 13
c) 14
d) None of The Above

Q13. Second Time Nationalization of more than 5 banks were conducted in:
a) 1975
b) 1980
c) 1985
d) None of The Above

Q14. In 1980, how many banks were nationalized:
a) 5
b) 7
c) 6
d) None of The Above

Q15. Scheduled Banks are classified into:
a) State Bank of India and Its Associates
b) Nationalized Banks
c) Regional Rural Banks (RRB)
d) Foreign Banks)
e) All of the Above
f) None of The Above

Reserve Bank of India Special

Q16. Which of the following is correct:
a) Reserve Bank of India Act, 1935
b) Reserve Bank of India Act, 1934
c) Reserve Bank of India Act, 1930
d) None of These

Q17. The Central Office of the Reserve Bank was initially established in ______:
a) Indore
b) Delhi
c) Calcutta
d) None of These

Q18. The Central Office of the Reserve Bank of India is now located at:
a) Mumbai
b) Hyderabad
c) New Delhi
d) None of These

Q19. The Central Office of the Reserve Bank was permanently moved to Mumbai in
_____:
a) 1934
b) 1937
c) 1935
d) None of These

Q20. Which among the following is correct about The Central Office of RBI:
a) Where Governor Sits
b) Where only Policies are formulated
c) Both of Above
d) None of These

Q21. When RBI came into existence on 1-4-1935, it was:
a) Privately Owned
b) Governmental Owned
c) Privately + Governmental Owned
d) None of These

Q22. Reserve Bank is fully owned by the Government of India since nationalization
in:
a) 1950
b) 1949
c) 1965
d) None of These

Q23. Management of RBI consists of (Regarding Governor and Deputy Governors):
a) 1 Governor + 3 Deputy Governor
b) 1 Governor + 4 Deputy Governor
c) 1 Governor + 5 Deputy Governor
d) None of These

Q24. Current Governor of RBI is:
a) Arundhati Bhattacharya
b) Raghuram Rajan
c) U. K. Sinha
d) None of These

Q25. BFS stands for:
a) Bureau of Financial Supervision
b) Board for Financial Supervision
c) Bi-Lateral Financial System
d) None of These

Q26. The BFS was constituted in:
a) December 1994
b) November 1994
c) September, 1994
d) None of These

Q27. Which among the following is correct about objectives of BFS:
a) To undertake cosolidated supervision of the financial sector
b) Financial Sector comprising commercial banks, financial institutions and non-banking
finance companies
c) Both of Above
d) None of These

Q28. The BFS's board member are appointed for term of :
a) 2 years
b) 3 years
c) 4 years
d) None of These

Q29. The member of BFS board is chaired by:
a) Any Deputy Governor
b) Governor
c) Deputy Governor appointed by Governor
d) None of These

Q30. The Deputy Governor in charge of banking regulation and supervision, is
nominated as the ________of the (BFS) board:
a) Head
b) Vice-Chairman
c) President
d) None of These

NABARD SPECIAL

Q31. NABARD stands for:
a) National Bank for Agriculture and Research Development
b) National Bank for Analysis of Rural Development
c) National Bank for Agriculture and Rural Development
d) None of The Above

Q32. 'NABARD' came into existence on:
a) 8th July, 1982
b) 19th July, 1982
c) 12th July, 1982
d) None of The Above

Q33. ARDC stands for:
a) Agriculture Refinance and Development Corporation
b) Agriculture Research and Development Commission
c) Agriculture Research and Development Corporation
d) None of The Above

Q34. 'NABARD' was dedicated to which among the following Prime Ministers:
a) Gulzari Lal Nanda
b) Indira Gandhi
c) Shri Lal Bahadur Shastri
d) None of The Above

Q35. 'NABARD was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on:
a) 5 November, 1982
b) 10 November, 1982
c) 1 December, 1982
d) None of The Above

Q36. NABARD was set up with an initial capital of ______:
a) Rs. 50 Crore
b) Rs. 100 Crore
c) Rs. 200 Crore
d) None of The Above

Q37. Chairman of 'NABARD' is:
a) Manish Kumar Bhanwala
b) Harsh Kumar Bhanwala
c) Sanjay Kumar Bhanwala
d) None of The Above

Q38. Headquarter of 'NABARD' is located at:
a) Mangalore, Karnataka
b) Mumbai, Maharashtra
c) New Delhi
d) None of The Above

Q39. NABARD was established on the recommendations of :
a) Shivaraman Committee
b) Malhotra Committee
c) Kumarmangalam Committee
d) None of The Above

Q40. ________ is the apex institution in the country which looks after the
development of the cottage industry, small industries, village industries and other
rural industries:
a) NABARD
b) SEBI
c) SIDBI
d) None of The Above

Q41. NABARD was set up essentially as a development bank for promoting:
a) Agriculture Development only
b) Rural Development only
c) Both of The Above
d) None of The Above

Q42. The main function of NABARD is to provide refinance for rural credit
disburse by the_______and other financial institutions as may be approved by the
Reserve Bank of India:
a) State Co-operative Banks
b) The Regional Rural Banks
c) State Co-operative Banks and The Regional Rural Banks
d) None of The Above

Q43. Which among the following functions of NABARD is incorrect:
a) Providing finance and also refinance for production and marketing in the rural areas
b) Coordination and advising the operations of institutions engaged in rural credit
c) Promoting research in agriculture and rural development
d) All of The Above
e) None of The Above

Q44. CSR stands for:
a) Customer Satisfaction Responsibility
b) Corporate Social Responsibility
c) Corporate Social Reforms
d) None of The Above

Q45. Which among the following is considered as 100% CSR company:
a) SDB (Small Development Banks)
b) NABARD
c) RRBs (Regional Rural Banks)
d) None of The Above