Chapter: Structure and Role of Indian Banking System
1.
____________ allocates saving efficiently in an economy to ultimate users
either for investment in real assets or for consumption.
A.
Economic system
B.
Banking system
C.
Financial system
D.
Market system
Answer»
C. Financial system
2.
Which of the following is not a regulatory institution in Indian financial system?
A.
RBI
B.
CIBIL
C.
SEBI
D.
IRDA
Answer»
B. CIBIL
3.
_____________ is regarded as a queen of Indian financial system.
A.
SEBI
B.
RBI
C.
Finance Ministry
D.
BSE
Answer»
B. RBI
4.
National Housing bank is a fully owned subsidiary of___________.
A.
HDFC
B.
HSBC
C.
RBI
D.
HUDCO
Answer»
C. RBI
5.
Financial institutions are also known as ______________.
A.
Financial organization
B.
Financial intermediaries
C.
Financial system
D.
Any of the above
Answer»
B. Financial intermediaries
6.
____________is the first development financial institution in India.
A.
IDBI
B.
ICICI
C.
IFCI
D.
RBI
Answer»
C. IFCI
7.
IDBI was established in ____________.
A.
1948
B.
1954
C.
1992
D.
1964
Answer»
D. 1964
8.
______________is an apex institution to coordinate, supplement and integrate the activities of all
existing specialized financial institutions.
A.
IFCI
B.
IDBI
C.
RBI
D.
SEBI
Answer»
B. IDBI
9.
Which of the following is not an asset held by Commercial Banks?
A.
Bills of Exchange
B.
Current Account Deposits
C.
Money Lent at short Notice
D.
Credit Balances with the Reserve Bank
Answer»
B. Current Account Deposits
10.
Which of the following combinations is correct?
A.
NABARD--------Industrial Loan
B.
RBI---------------Long term Finance
C.
RRB---------------Agriculture Finance
D.
IDBI---------------Short Term Loans
Answer»
C. RRB---------------Agriculture Finance
11.
Which of the following is not an organized sector in India?
A.
Nationalized Banks
B.
Regional Rural Banks
C.
Cooperative Banks
D.
Chits and Money lenders
Answer»
D. Chits and Money lenders
12.
In which year was the Banking Regulation Act passed?
A.
1949
B.
1955
C.
1959
D.
1969
Answer»
A. 1949
13.
When did the National Bank of Agriculture and Rural Development establish?
A.
July, 1982
B.
July, 1969
C.
June, 1951
D.
June, 1961
Answer»
A. July, 1982
14.
Which of the following is the apex institution which handles refinance for agriculture and rural
development in India?
A.
RBI
B.
SIDBI
C.
NABARD
D.
RBI
Answer»
C. NABARD
15.
At which of the following cities is the Head Office of Reserve Bank of India located?
A.
Mumbai
B.
New Delhi
C.
Kolkata
D.
Dehradun
Answer»
A. Mumbai
16.
“Scheduled bank” in India means a bank _____.
A.
Incorporated under the Companies Act, 1956
B.
Authorized to the Banking business
C.
Governed by the Banking Regulation Act, 1949
D.
Included in the Second schedule to the Reserve Bank of India Act 1934
Answer»
D. Included in the Second schedule to the Reserve Bank of India Act 1934
17.
Which is the largest commercial bank in India?
A.
Bank of India
B.
Axis Bank
C.
State Bank of India
D.
HDFC
Answer»
C. State Bank of India
18.
Co-operative Societies Act was enacted in which year?
A.
1912
B.
1949
C.
1935
D.
1913
Answer»
A. 1912
19.
With whom does the ownership of Public sector banks rest?
A.
Government of India
B.
Jointly with Government of India and share-holders from the public
C.
Jointly with Government of India and State Bank of India
D.
Jointly with Government of India and Reserve Bank of India
Answer»
A. Government of India
20.
In which year was the Bank of Maharashtra established?
A.
1937
B.
1935
C.
1934
D.
1949
Answer»
B. 1935
21.
Urban Cooperative Banks are also called as?
A.
Short-term co-operatives
B.
Secondary Cooperative Banks
C.
Primary Cooperative Banks
D.
Long-term co-operatives
Answer»
C. Primary Cooperative Banks
22.
What is the full-form of NBFC?
A.
Non-Bank Financial Competition
B.
Non-Bank Foreign Company
C.
Non-Banking Financial Company
D.
Non-Banking Finance Corporation
Answer»
C. Non-Banking Financial Company
23.
Who insures banks in India?
A.
IRDA
B.
EXIM
C.
DICGC
D.
ECGC
Answer»
C. DICGC
24.
How many developments banks are there in India?
A.
5
B.
6
C.
7
D.
8
Answer»
B. 6
Chapter: Private Sector Banks
25.
A bank is a financial intermediary because
A.
it acts as the broker between depositor and borrower
B.
it acts as the link between the savers and the borrowers
C.
it is in the finance industry
D.
it is in the intermediary industry
Answer»
B. it acts as the link between the savers and the borrowers
26.
Bank’s services include
A.
Net banking
B.
Mobile banking
C.
Phone banking
D.
All the above
Answer»
D. All the above
27.
An Investment Bank is a bank
A.
Which invests money in another bank
B.
Which collects investments from public
C.
An intermediary which performs a variety of financial services to corporate
D.
none
Answer»
C. An intermediary which performs a variety of financial services to corporate
28.
_____________are NOT a part of the Scheduled banking structure in India.
A.
Money lenders
B.
Public sector banks
C.
Private sector banks
D.
Regional rural banks
Answer»
A. Money lenders
29.
Which of the following is NOT a function of Commercial Bank?
A.
Providing Project Finance Settling of payments on behalf of the customers.
B.
Deciding policy rates like CRR, SLR and Repo rate.
C.
Issuing credit / debit /ATM cards
D.
none
Answer»
B. Deciding policy rates like CRR, SLR and Repo rate.
30.
Which of the following public sector banks has the largest number of branches in foreign countries?
A.
Bank of India
B.
Bank of Baroda
C.
Punjab National Bank
D.
Corporation Bank
Answer»
B. Bank of Baroda
31.
Bank of Rajasthan is now merged with which of the following Banks?
A.
Axis Bank
B.
IDBI Bank
C.
ICICI bank
D.
HDFC Bank
Answer»
C. ICICI bank
32.
The rupee Note contain the signature of –
A.
Finance Secretary, GOI
B.
Chairman, SBI
C.
Governor, RBI
D.
Finance Minister, GOI
Answer»
D. Finance Minister, GOI
33.
Zero balance account is generally allowed to be open for –
A.
Salaried Class
B.
Business Man
C.
Foreign Customers
D.
Children
Answer»
A. Salaried Class
34.
The only merger of two public sector banks took place between –
A.
Bank of India and New Bank of India
B.
Punjab National Bank and New Bank of India
C.
Allahabad Bank and United Bank of India
D.
Punjab National Bank and Bank of Rajasthan
Answer»
B. Punjab National Bank and New Bank of India
35.
Canara Bank and Corporation Bank have headquarters in _____ and _____ respectively.
A.
Bangalore, Mangalore
B.
Mangalore, New Delhi
C.
Both in Bangalore
D.
Both in Mangalore
Answer»
A. Bangalore, Mangalore
36.
Which bank was united with the Punjab National Bank in 1993?
A.
Oudh Commercial Bank
B.
New Bank of India
C.
Punjab and Sind Bank
D.
Imperial Bank of India
Answer»
B. New Bank of India
37.
Which among the following bank has its headquarters in Mumbai?
A.
Allahabad Bank
B.
UCO Bank
C.
United Bank of India
D.
Bank of India
Answer»
D. Bank of India
38.
Which bank has become the first private sector bank to sell Indian gold coins?
A.
Dhanlaxmi Bank
B.
Federal Bank
C.
Karur Vysya Bank
D.
ICICI Bank
Answer»
B. Federal Bank
39.
Which private bank was earlier known as The Kumbakonam Bank Limited?
A.
Tamil Nadu Mercantile Bank
B.
Federal Bank
C.
South Indian Bank
D.
City Union Bank
Answer»
D. City Union Bank
40.
Which Private bank is the wholly owned subsidiary of Bank of Baroda?
A.
Axis Bank
B.
Nainital Bank
C.
HDFC Bank
D.
Bandhan Bank
Answer»
B. Nainital Bank
41.
Among the following banks, which bank has been renamed as Axis Bank Ltd?
A.
HDFC Bank
B.
Centurion Bank
C.
Lord Krishna Bank
D.
UTI Bank
Answer»
D. UTI Bank
42.
Where is the operational head office of HSBC Bank located in India?
A.
New Delhi
B.
Bangalore
C.
Mumbai
D.
Chennai
Answer»
C. Mumbai
43.
How many foreign banks are there in India at present?
A.
42
B.
43
C.
44
D.
45
Answer»
D. 45
44.
Which is the largest foreign bank in India?
A.
HSBC
B.
Citi Bank
C.
Standard Chartered Bank
D.
Deutshce Bank
Answer»
C. Standard Chartered Bank
45.
Where Citi Bank India was first established its office in 1902?
A.
Calcutta
B.
Bombay
C.
Madras
D.
Dhaka
Answer»
A. Calcutta
46.
Which is the 3rd largest foreign bank of India in terms of branches?
A.
HSBC
B.
Citi Bank
C.
Standard Chartered
D.
Royal bank of Scotland
Answer»
A. HSBC
47.
Bhartiya Mahila Bank was founded in the year ____?
A.
2011
B.
2012
C.
2013
D.
2014
Answer»
C. 2013
48.
Which one among the following has not started commercial banking?
A.
SIDBI
B.
IDBI
C.
ICICI
D.
UTI
Answer»
A. SIDBI
49.
The merger of _________and ________was the first M and A activity after liberalization.
A.
Times Bank and HDFC Bank
B.
New Bank of India and Punjab National Bank
C.
ICICI and ICICI Bank
D.
GTB and Oriental Bank of Commerce
Answer»
C. ICICI and ICICI Bank
Chapter: Nationalized Banks
50.
How many banks were nationalized in India in the year 1969?
A.
12
B.
29
C.
14
D.
6
Answer»
C. 14
51.
In April 1980, ____ banks were nationalized in India?
A.
3
B.
5
C.
6
D.
7
Answer»
C. 6
52.
In which year were the Subsidiaries of SBI nationalized?
A.
1955
B.
1959
C.
1949
D.
1969
Answer»
B. 1959
53.
Imperial Bank of India was nationalized in which year?
A.
1945
B.
1955
C.
1949
D.
1965
Answer»
B. 1955
54.
What was the State Bank of India called before it was created through SBI Act?
A.
Bank of Hindustan
B.
Bank of Madras
C.
Imperial Bank of India
D.
Imperial Bank of Calcutta
Answer»
C. Imperial Bank of India
55.
Lead Bank System was started in__________.
A.
1966
B.
1967
C.
1968
D.
1969
Answer»
D. 1969
56.
When were the banks nationalized in our country?
A.
On 1st July 1965
B.
On 19th July 1969
C.
On 19th July 1969 and 15th April 1980
D.
On 16th April 1980 and 1st July 1965
Answer»
C. On 19th July 1969 and 15th April 1980
57.
What are the major change in banking sector of India after nationalization of Banks?
A.
Expansion of bank branches
B.
Cut throat competition in Banking sector
C.
Introduction of Banking Regulation Act
D.
Establishment of RBI
Answer»
A. Expansion of bank branches
58.
Largest shareholder (in percentage shareholding) of a Nationalized bank is?
A.
RBI
B.
NABARD
C.
Government of India
D.
LIC
Answer»
C. Government of India
59.
The bank which was not nationalized in 1969.
A.
Punjab National Bank
B.
Oriental Bank of Commerce
C.
Bank of Baroda
D.
Union Bank of India
Answer»
B. Oriental Bank of Commerce
60.
What is the number of nationalized banks in India?
A.
20
B.
28
C.
27
D.
19
Answer»
A. 20
61.
Reserve Bank of India was nationalized on___________.
A.
21 May 1948
B.
13 July 1951
C.
1 January 1949
D.
12 October 1951
Answer»
C. 1 January 1949
62.
Lead Bank System was started on the recommendations of _________.
A.
Raja Challaia Committee
B.
Kelkar Committee
C.
Nariman Committee
D.
Malhotra Committee
Answer»
C. Nariman Committee
63.
When was general insurance business nationalized?
A.
1938
B.
1971
C.
1973
D.
1993
Answer»
C. 1973
64.
First Bank established in India was:
A.
Bank of India
B.
Bank of Hindustan
C.
General Bank of India
D.
None of The Above
Answer»
B. Bank of Hindustan
65.
Which of these banks was nationalised in 1969?
A.
United Bank of India
B.
Vijaya Bank
C.
Andhra Bank
D.
Punjab and Sind Bank
Answer»
A. United Bank of India
66.
Which nationalised bank was merged with Punjab National bank in 1993?
A.
Punjab and Sind Bank
B.
Ludhiana Area Bank
C.
Majha United Bank
D.
New bank of India
Answer»
D. New bank of India
67.
Who was the Prime Minister of India when Banking Nationalization was done in 1969?
A.
Jawahar Lal Nehru
B.
Indira Gandhi
C.
Rajiv Gandhi
D.
Narsimha Rao
Answer»
B. Indira Gandhi
68.
When was the State Bank of India nationalised?
A.
1955
B.
1956
C.
1959
D.
1964
Answer»
A. 1955
69.
Which of these banks was not associated with the State Bank of India in 1959?
A.
State Bank of Hyderabad
B.
State Bank of Indore
C.
State Bank of Mysore
D.
State Bank of Patna
Answer»
D. State Bank of Patna
70.
Why were Banks nationalised in India?
A.
To borrow money from USA
B.
To follow the IMF Guidelines
C.
To provide the government of India more control of credit delivery
D.
All of the above
Answer»
C. To provide the government of India more control of credit delivery
71.
Which of these banks was nationalised in 1969?
A.
Union Bank of India
B.
Oriental Bank of Commerce
C.
UCO Bank
D.
All of the above
Answer»
D. All of the above
72.
The first bank of India 'Bank of Hindustan' was established in the year?
A.
1880
B.
1870
C.
1770
D.
1775
Answer»
C. 1770
73.
Imperial Bank was nationalized and name it as…………….
A.
State Bank of India
B.
Indian Bank
C.
Axis Bank
D.
Canara Bank
Answer»
A. State Bank of India
74.
In which year the second round of Bank nationalisation was done?
A.
1979
B.
1974
C.
1980
D.
1988
Answer»
C. 1980
Chapter: State Bank of India
75.
Which is India’s largest commercial bank?
A.
PNB
B.
SBI
C.
UTI
D.
Vijaya Bank
Answer»
B. SBI
76.
In which year State Bank of India Act was passed?
A.
1934
B.
1945
C.
1955
D.
1957
Answer»
C. 1955
77.
The Imperial Bank of India, after its nationalization came to be known as
A.
Reserve Bank of India
B.
State Bank of India
C.
United Bank of India
D.
Indian Overseas Bank
Answer»
B. State Bank of India
78.
Which of the first subsidiary bank of State Bank of India to do whole computerization of all its branches?
A.
State Bank of Patiala
B.
State Bank of Hyderabad
C.
State Bank of Saurashtra
D.
State Bank of Travancore
Answer»
A. State Bank of Patiala
79.
Establishment of SBI precedes the establishment of __________.
A.
Bank of Madras
B.
Bank of Calcutta
C.
Bank of Bombay
D.
All the above
Answer»
D. All the above
80.
State Bank of India is a__________.
A.
Public Sector Bank
B.
Private Sector Bank
C.
Joint Sector Bank
D.
Non-Nationalized bank
Answer»
A. Public Sector Bank
81.
State bank of INDIA started merchant banking in
A.
1972
B.
1978
C.
1973
D.
1980
Answer»
C. 1973
82.
Which bank came into existence in the year 1921 when three banks namely, Bank of Bengal (1806), Bank
of Bombay (1840) and Bank of Madras (1843) were reorganized and amalgamated to form a single banking entity?
A.
Punjab National Bank
B.
Imperial Bank of India
C.
State Bank of India
D.
Reserve Bank of India (R B I)
Answer»
B. Imperial Bank of India
83.
____is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and
employees:
A.
HDFC bank
B.
Axis bank
C.
SBI bank
D.
PNB
Answer»
C. SBI bank
84.
SBI lends money to other commercial banks.
A.
True
B.
False
C.
none
D.
none
Answer»
A. True
85.
The Government of India is the single largest shareholder of this (SBI) fortune 500 entity with
______ownership:
A.
61.58%
B.
64.58%
C.
66.58%
D.
None of These
Answer»
A. 61.58%
86.
In 1955, the Reserve Bank of India acquired the controlling interests of the _________and SBI was
created by an act of parliament:
A.
Bank of Hindustan
B.
Imperial Bank of India
C.
United India Bank
D.
None of These
Answer»
B. Imperial Bank of India
87.
The State Bank group (Including SBI) has how many subsidiaries:
A.
8
B.
9
C.
7
D.
10
Answer»
A. 8
88.
Which of the following is not a state bank group subsidiary:
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