McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
How many banks were nationalized in India in the year 1969? |
| A. | 12 |
| B. | 29 |
| C. | 14 |
| D. | 6 |
| Answer» C. 14 | |
| 2. |
In April 1980, ____ banks were nationalized in India? |
| A. | 3 |
| B. | 5 |
| C. | 6 |
| D. | 7 |
| Answer» C. 6 | |
| 3. |
In which year were the Subsidiaries of SBI nationalized? |
| A. | 1955 |
| B. | 1959 |
| C. | 1949 |
| D. | 1969 |
| Answer» B. 1959 | |
| 4. |
Imperial Bank of India was nationalized in which year? |
| A. | 1945 |
| B. | 1955 |
| C. | 1949 |
| D. | 1965 |
| Answer» B. 1955 | |
| 5. |
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 | |
| 6. |
Lead Bank System was started in__________. |
| A. | 1966 |
| B. | 1967 |
| C. | 1968 |
| D. | 1969 |
| Answer» D. 1969 | |
| 7. |
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 | |
| 8. |
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 | |
| 9. |
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 | |
| 10. |
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 | |
| 11. |
What is the number of nationalized banks in India? |
| A. | 20 |
| B. | 28 |
| C. | 27 |
| D. | 19 |
| Answer» A. 20 | |
| 12. |
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 | |
| 13. |
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 | |
| 14. |
When was general insurance business nationalized? |
| A. | 1938 |
| B. | 1971 |
| C. | 1973 |
| D. | 1993 |
| Answer» C. 1973 | |
| 15. |
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 | |
| 16. |
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 | |
| 17. |
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 | |
| 18. |
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 | |
| 19. |
When was the State Bank of India nationalised? |
| A. | 1955 |
| B. | 1956 |
| C. | 1959 |
| D. | 1964 |
| Answer» A. 1955 | |
| 20. |
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 | |
| 21. |
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 | |
| 22. |
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 | |
| 23. |
The first bank of India 'Bank of Hindustan' was established in the year? |
| A. | 1880 |
| B. | 1870 |
| C. | 1770 |
| D. | 1775 |
| Answer» C. 1770 | |
| 24. |
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 | |
| 25. |
In which year the second round of Bank nationalisation was done? |
| A. | 1979 |
| B. | 1974 |
| C. | 1980 |
| D. | 1988 |
| Answer» C. 1980 | |
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