Modern Banking and Insurance Solved MCQs

1.

The first chartered bank was established at---------------------

A. japan
B. philadelphia
C. india
D. france.
Answer» B. philadelphia
2.

The first chartered bank was established in the year --------------------

A. 1781
B. 1775
C. 1870
D. 1881.
Answer» A. 1781
3.

Bank is an institution which deals with --------------

A. money
B. treatment
C. education
D. communication.
Answer» A. money
4.

The word meaning of Banco is ---------------

A. heap
B. gold
C. deposit
D. loan.
Answer» A. heap
5.

Bank of Hindustan was established at -------------------------

A. bombay
B. chennai
C. kolkatta
D. bengal.
Answer» A. bombay
6.

General Bank of India was established in -----------------------

A. 1771
B. 1775
C. 1786
D. 1780.
Answer» C. 1786
7.

Upper bank of India was established in -----------

A. 1860
B. 1870
C. 1863
D. 1865.
Answer» C. 1863
8.

Second phase of Indian banks were nationalized in

A. 1960
B. 1969
C. 1970
D. 1869.
Answer» B. 1969
9.

The third phase of development banking in India started in early

A. 1980
B. 1990
C. 1960
D. 1965.
Answer» B. 1990
10.

The apex institution in the financial system of a country is

A. central bank
B. state bank
C. national bank
D. federal bank.
Answer» A. central bank
11.

Industrial bank also known as

A. investment bank
B. state bank
C. commercial bank
D. unit bank.
Answer» A. investment bank
12.

SIDBI was established in the year: [a]1990 [b]1995 [c]1985 [d]1969. 16. RRBs are coming under

A. private sector
B. public sector
C. co-operative sector
D. domestic sector.
Answer» A. private sector
13.

Initially central bank was established at

A. mumbai
B. chennai
C. new delhi
D. calcutta.
Answer» D. calcutta.
14.

The central office of RBI is at ----------------------------

A. mumbai
B. chennai
C. new delhi
D. calcutta.
Answer» A. mumbai
15.

Central bank was nationalised in: [a]1949 [b] 1934 [c] 1935 [d] 1940. 20. RBI was established in the year-------------------------

A. 1935
B. 1949
C. 1934
D. 1940.
Answer» A. 1935
16.

Which one is the banker’s bank?

A. rbi
B. federal bank
C. union bank
D. bank of india.
Answer» A. rbi
17.

Which one is the custodian of foreign balances of country?

A. rbi
B. federal bank
C. union bank
D. bank of india.
Answer» A. rbi
18.

Which one is the controller of credit?

A. rbi
B. federal bank
C. union bank
D. bank of india.
Answer» A. rbi
19.

IFCI was established in the year................

A. 1948
B. 1956
C. 1935
D. 1934.
Answer» A. 1948
20.

Money market is a part of

A. capital market
B. rbi
C. sbt
D. financial market.
Answer» D. financial market.
21.

Money market is a market for-------------------fund

A. short term fund
B. long term fund
C. secular fund
D. mid term fund.
Answer» A. short term fund
22.

CDs was introduced in:

A. 1989
B. 1982
C. 1985
D. 1990
Answer» A. 1989
23.

Commercial papers were introduced in:

A. 1989
B. 1982
C. 1985
D. 1990
Answer» D. 1990
24.

Treasury bills are issued by

A. rbi
B. imf
C. ibrd
D. ifci.
Answer» A. rbi
25.

Treasury bills are available for minimum amount of Rs.-------------------

A. 20000
B. 25000
C. 10000
D. 30000.
Answer» B. 25000
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