Banking General Awareness History of Banking Question Bank

done Practice Questions - History of Banking - Its Evolution and Development Total Questions - 40

• question_answer1)
  In India, the first bank of limited liabilities managed by Indians and founded in 1881 was
  A)
   Hindustan Commercial Bank done clear
  B)
   Oudh Commercial Bank done clear
  C)
   Punjab National Bank done clear
  D)
   Punjab and Sind Bank done clear
  E)
   National Bank done clear
  View Solution play_arrow

• question_answer2)
  How many banks were first nationalised?
  A)
   10                                done clear
  B)
   12 done clear
  C)
   14 done clear
  D)
   16 done clear
  E)
   24 done clear
  View Solution play_arrow

• question_answer3)
  When was the second phase of nationalisation done?
  A)
   9th July, 1969   done clear
  B)
   10th July, 1968 done clear
  C)
   16th August, 1985         done clear
  D)
   15th April, 1980 done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer4)
  How many banks were in second phase of nationalisation?
  A)
   4                                 done clear
  B)
   5 done clear
  C)
   6                                 done clear
  D)
   7 done clear
  E)
   9 done clear
  View Solution play_arrow

• question_answer5)
  Match the following:

  	List I	List II
  A.	Allahabad Bank	1. 1894
  B.	Oriental Bank of Commerce	2. 1943
  C.	Punjab National Bank	3. 1943
  D.	UCO Bank	4. 1865

  Codes:
  A)
  A-2       B-4       C-3       D-1 done clear
  B)
  A-2       B-3       C-4       D-1 done clear
  C)
  A-4       B-3       C-2       D-1 done clear
  D)
  A-4       B-1       C-3       D-2 done clear
  E)
  A-3       B-1       C-4       D-2 done clear
  View Solution play_arrow

• question_answer6)
  Which of the following Indian Banks is not a Nationalised Bank?
  A)
   Corporation Ban            done clear
  B)
   Dena Bank done clear
  C)
   Federal Bank                 done clear
  D)
   Vijaya Bank done clear
  E)
   Oriental Bank of Commerce done clear
  View Solution play_arrow

• question_answer7)
  Consider the following statements:

  1. Allahabad Bank was the first bank established exclusively by Indians.

  2. Seven banks forming subsidiary of State Bank of India were nationalised in 1960.

  Which of the statements given above is/are correct?
  A)
   Only 1                          done clear
  B)
   Only 2 done clear
  C)
   Both 1 and 2     done clear
  D)
   Neither 1 nor 2 done clear
  E)
   Can't say done clear
  View Solution play_arrow

• question_answer8)
  Which was the first Bank corporated by the Indians?
  A)
   Imperial Bank of India done clear
  B)
   State Bank of India done clear
  C)
   Avadh Commercial Bank done clear
  D)
   Reserve Bank of India done clear
  E)
   National Bank done clear
  View Solution play_arrow

• question_answer9)
  When was the Avadh Commercial Bank established?
  A)
   1881                            done clear
  B)
   1894 done clear
  C)
   1898                            done clear
  D)
   1899 done clear
  E)
   1864 done clear
  View Solution play_arrow

• question_answer10)
  Imperial Banks were amalgamated and changed as ?.........
  A)
   Reserve Bank of India done clear
  B)
   State Bank of India done clear
  C)
   Subsidiary Banks done clear
  D)
   Union Bank of India done clear
  E)
   Corporation Bank done clear
  View Solution play_arrow

• question_answer11)
  _________ was established in 1786.
  A)
   General Bank done clear
  B)
   Reserve Bank of India done clear
  C)
   Bank of Bengal done clear
  D)
   State Bank of India done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer12)
  In the second nationalisation of commercial banks ......... banks were nationalised.
  A)
   4                                 done clear
  B)
   5 done clear
  C)
   6                                 done clear
  D)
   8 done clear
  E)
   9 done clear
  View Solution play_arrow

• question_answer13)
  The first wholly Indian Bank was set-up in
  A)
   1794                            done clear
  B)
   1894 done clear
  C)
   1896                            done clear
  D)
   1902 done clear
  E)
   1918 done clear
  View Solution play_arrow

• question_answer14)
  When was SBI established?
  A)
   1st April, 1935   done clear
  B)
   31st July, 1969 done clear
  C)
   5th May, 1955  done clear
  D)
   1st July, 1955 done clear
  E)
   5th May, 1960 done clear
  View Solution play_arrow

• question_answer15)
  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 done clear
  B)
   Bank of Bengal done clear
  C)
   Bank of Bombay done clear
  D)
   Bank of Madras done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer16)
  Which bank came into existence in 1921 when three banks namely, Bank of Bengal (1806), Bank of Bombay (1840) and Bank of Madras (1843) were reorganised and amalgamated to form a single banking entity?
  A)
   Imperial Bank of India done clear
  B)
   State Bank of India done clear
  C)
   Reserve Bank of India done clear
  D)
   Punjab National Bank done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer17)
  Which bank became the State Bank of India in 1955?
  A)
   General Bank of India done clear
  B)
   Bank of Hindustan done clear
  C)
   Imperial Bank of India done clear
  D)
   Federal Bank of India done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer18)
  Which of the following banks has acquired the 'Centurion Bank of Punjab'?
  A)
   ICICI Bank                   done clear
  B)
   IDBI Bank done clear
  C)
   HDFC Bank                  done clear
  D)
   AXIS Bank done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer19)
  What was the deposits criteria of 14 banks nationalised on 19th July/1969?
  A)
   Rs. 1000 crore               done clear
  B)
   Rs. 500 crore done clear
  C)
   100 crore                      done clear
  D)
   Rs. 50 crore done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer20)
  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 done clear
  B)
   Export Import Bank (EXIM) done clear
  C)
   Merchant Bank done clear
  D)
   ECGC done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer21)
  The first nationalisation of banks exercise was done on
  A)
   19th June, 1969            done clear
  B)
   19th June, 1970 done clear
  C)
   19th June, 1967            done clear
  D)
   15th July, 1967 done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer22)
  The Largest and Oldest Bank still in existence is
  A)
   Punjab National Bank done clear
  B)
   Reserve Bank of India done clear
  C)
   State Bank of India done clear
  D)
   Punjab National Bank done clear
  E)
   None of The Above done clear
  View Solution play_arrow

• question_answer23)
  Which among the following statements is correct?
  A)
   State Bank of India originated as the Bank of Calcutta in June 1806. done clear
  B)
   "Bank of Calcutta" was renamed as "Bank of Bengal". done clear
  C)
   Both of above done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer24)
  Which one of the public sector bank has completed 100 years of its establishment on 21st December, 2011?
  A)
   Central Bank of India done clear
  B)
   State Bank of India done clear
  C)
   Punjab National Bank done clear
  D)
   Bank of Baroda done clear
  E)
   Allahabad Bank done clear
  View Solution play_arrow

• question_answer25)
  Which institution provides long run finance to industries?
  A)
   UTI                              done clear
  B)
   LIC done clear
  C)
   GIC                             done clear
  D)
   IDBI done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer26)
  Open Added Money Market Scheme was firstly introduced by
  A)
   UTI                              done clear
  B)
   IDBI done clear
  C)
   ICICI                            done clear
  D)
   LIC done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer27)
  The Export Import Bank of India was set up in
  A)
   July, 1969                    done clear
  B)
   April, 1970 done clear
  C)
   January, 1982   done clear
  D)
   April, 1982 done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer28)
  Industrial Development Bank of India (IDBI) was established in-
  A)
   1964                            done clear
  B)
   1963 done clear
  C)
   1965                            done clear
  D)
   1966 done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer29)
  Tier-2 banking structure is designed to have
  A)
   5 to 10 banks    done clear
  B)
   8 to 10 banks done clear
  C)
   7 to 9 banks                  done clear
  D)
   2 to 5 banks done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer30)
  Exim Bank extends facility of
  A)
   rediscounting of foreign bills of commercial banks done clear
  B)
   advisory services to the exporters done clear
  C)
   research and market surveys done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer31)
  The branding line of Bank of Baroda is
  A)
   International Bank of India done clear
  B)
   India's International Bank done clear
  C)
   India's Multinational Bank done clear
  D)
   World's Local Bank done clear
  E)
   None of the above done clear
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• question_answer32)
  Nationalisation of banks aimed at all of the following/ except
  A)
   provision of adequate credit for agriculture, SME and exports done clear
  B)
   removal of control by a few capitalists done clear
  C)
   provision of credit to big industries only done clear
  D)
   access of banking to masses done clear
  E)
   encouragement of a new class of entrepreneurs . done clear
  View Solution play_arrow

• question_answer33)
  Which of the following banks has been included in the second Schedule to the RBI Act, 1934 with effect from 21st August, 2004 and thus, is the latest entrant in Indian banking as a new generation private sector bank?
  A)
   ICICI Bank Limited        done clear
  B)
   HDFC Bank Limited done clear
  C)
   Kotak Mahindra Bank Limited done clear
  D)
   Yes Bank Limited done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer34)
  Which of the following is/are correct regarding the objectives of bank reforms in the 1990s?
  A)
   Greater flexibility in banking operations done clear
  B)
   Greater accountability to shareholders done clear
  C)
   Greater control over bank functions done clear
  D)
   All the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer35)
  Which is the largest associate's bank of State Bank of India?
  A)
   State Bank of Patiala done clear
  B)
   State Bank of Hyderabad done clear
  C)
   State Bank of Bikaner and Jaipur done clear
  D)
   State Bank of Saurashtra done clear
  E)
   State Bank of Assam done clear
  View Solution play_arrow

• question_answer36)
  The formation of the 14th Finance Commission in India has been finalized. Who has been appointed to head the commission?
  A)
   D. Subba Rao   done clear
  B)
   Y. V. Reddy done clear
  C)
   Montek Singh Ahluwalia done clear
  D)
   Raghuram Rajan done clear
  E)
   Rakesh Mohan done clear
  View Solution play_arrow

• question_answer37)
  Which of the following was/were suggested by Narasimham Committee-n report on banking?
  A)
   Mergers of the public sector banks (PSBs) and the financial institutions. done clear
  B)
   Creating a 2-tier banking structure done clear
  C)
   Strengthening of legal framework of loan recovery done clear
  D)
   Both [a] and [c] done clear
  E)
   None of thee done clear
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• question_answer38)
  The limitations of the bank nationalization in India are:
  A)
   Inadequate banking facilities done clear
  B)
   Lowered efficiency and profits done clear
  C)
   Increased expenditure done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer39)
  Bank of Upper India was established in
  A)
   1865                            done clear
  B)
   1863 done clear
  C)
   1866                            done clear
  D)
   1867 done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer40)
  Which of the following was suggested by Hilton-Young Commission's report on the creation of a central Bank?
  A)
   To separate the control of currency and credit from the government done clear
  B)
   To augment banking facilities throughout the country done clear
  C)
   Both [a] and [b] done clear
  D)
   None of these done clear
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