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Bank Mcq Question Set 1
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1. In which year, the first bank of India "Bank of Hindustan" was established ?
1770
1775
1780
1785
2. Which among the following are the correct locations of three presidency banks during British India?
Surat, Madras, Bombay
Surat, Calcutta, Madras
Bombay, Surat, Calcutta
Calcutta, Madras, Bombay
3. Which of the following is the oldest Joint Stock Bank of India?
Bank of India
Patiala Bank
Bank of Baroda
Allahabad Bank
4. Under which kind of banking, the purchasing through net banking comes?
M-commerce
P-commerce
Online banking
Offline banking
5. What is the full form of MIBOR?
Mobile Inter Bank Offered Rate
Minimum Instruction Board of Resources
Money International Banking Organization Research
None of these
6. Money market is a market for:
Short term
Long term
Medium term
It is a one day lending and borrowing market
7. What is the main function of international monetary fund?
Act as private sector lending arm of the World Bank
Finance investment loans to developing countries
Arrange international deposits from banks
Help to solve Balance of Payment problems of member countries.
8. Oudh Commercial Bank was founded in _______.
1881
1894
1913
1917
9. Which was the first in India with limited liability?
Oudh Commercial Bank
State Bank of India
Punjab National Bank
Imperial Bank of India
10. Which was the second bank in India with limited liability?
New Bank of India
State Bank of India
Imperial Bank of India
Punjab National Bank
11. Punjab National Bank was established in ________.
1890
1894
1917
1922
12. Which movement encouraged the formation of commercial banks?
Swadeshi movement
Quit India Movement
Non Cooperation Movement
Civil Disobedience Movement
13. When did the banking crisis of 1913-1917 end?
1949
1959
1969
1979
14. In which year was the Banking Regulation Act passed?
1945
1949
1955
1959
15. Imperial Bank of India was nationalised in _______.
1935
1945
1955
1965
16. Which bank was baptised as the State Bank of India?
Indian Bank
New Bank of India
United Bank of India
Imperial Bank of India
17. Which Bank was established in 1881 in Faizabad, and was the first commercial bank in India having limited liability and an entirely Indian board of directors?
Indus Commercial Bank
Oudh Commercial Bank
Royal Commercial Bank
Imperial Commercial Bank
18. Which among the following is a Public Sector Bank in India?
Dena Bank
IndusInd Bank
Karnataka Bank
ING Vysya Bank
19. Imperial Bank of India was the old name of:
Bank of Baroda
Allahabad Bank
State Bank of India
Reserve Bank of India
20. Government of India, nationalised ______ major private sector banks in year 1969
12
14
16
18
21. In India, Credit Rating Agencies are regulated by:
RBI
SEBI
Ministry of Finance
National Statistical Organisation (NSO)
22. Which among the following accounts are allowed to be operated by cheques?
Current Account and Loan Account
Savings and Current Account
Fixed Deposit Account and Loan Account
Savings Account and Fixed Deposit Account
23. An adjustable-rate mortgage loan in which the borrower pays a very low initial interest rate, which increases after a few years is referred to as:
Soft Loan
Teaser Loan
Promo Loan
Early Bird Loan
24. The ownership structure of Regional Rural Banks (RRBs) comprises of:
Central Govt., State Govt. and Sponsor Bank
Sponsor Bank, Reserve Bank of India and NABARD
Central Govt., State Govt., Reserve Bank of India (RBI)
Sponsor Bank, Reserve Bank of India (RBI) and State Govt.
25. What does letter U stand for in abbreviation ULIP ?
Unit
Urban
Unified
Underwriting
26. Which among the following public sector banks, has its headquarters in Kolkata?
UCO Bank
Syndicate Bank
Corporation Bank
Oriental Bank of Commerce
27. Which bank was united with the Punjab National Bank in 1993?
New Bank of India
Imperial Bank of India
Oudh Commercial Bank
Punjab and Sind Bank
28. Which among the following is not a public sector bank?
UCO Bank
Vijaya Bank
Allahabad Bank
City Union Bank
29. Which is the largest commercial bank of the country?
Bank of India
Canara Bank
State Bank of India
Union Bank of India
30. The subsidiary banks attached to the State Bank are:
State Bank of Hyderabad
State Bank of Mysore
State Bank of Saurashtra
All of the above
31. The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on ______.
March 31, 2009
May 23, 2008
June 30, 2009
August 13, 2008
32. Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008?
State Bank of Indore
State Bank of Mysore
State Bank of Saurashtra
State Bank of Hyderabad
33. According to which issue of guidelines did the RBI grant approval for the setting up of 13 new privately-owned domestic banks?
January, 1993
March, 1971
April, 1980
September, 1993
34. The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include:
Bank of Punjab Ltd. (Chandigarh)
Global Trust Bank Ltd. (Secunderabad)
Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008) (Panaji)
All of the above
35. When did the nationalisation of major banks happen?
June, 1951
June, 1955
June, 1959
July, 1969
36. Deposits mobilised by the banks are utilised for -
loans and advances
investment in commercial paper, shares, debentures up to stipulated ceilings
investment in government and other approved securities in fulfilment of liquidity stipulation
all of the above
37. When did the Government initiate the process of amalgamation of RRBs in a phased manner?
October, 2001
September, 2005
March, 2009
June, 2010
38. When did the National Housing Bank start its operations?
July, 1982
July, 1984
July, 1988
July, 1994
39. The performance of which scheme does the National Housing Bank monitor?
Liberalized Finance Scheme
Finance scheme for indirect loans
Energy Efficient Housing Finance Scheme
Golden Jubilee Rural Housing Finance Scheme
40. When did the National Bank of Agriculture and Rural Development establish?
June, 1951
June, 1961
July, 1969
July, 1982
41. The duration of fund raising from the commercial banks to the extent of RIDFs shortfall in agricultural lending is _________.
daily
weekly
monthly
yearly
42. When did the Government of India set up the Export-Import Bank of India?
June, 1969
March, 1971
January, 1982
January, 1993
43. The main objectives of the Export-Import Bank (EXIM Bank) are:
to ensure an integrated and coordinated approach to solving the problems of exporters
to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and import
all of the above
44. Which bank had the highest concentrations of operations overseas in 2010?
Bank of India
Bank of Baroda
State Bank of India
Union Bank of India
45. When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system?
December, 1997
April, 1998
September, 2005
May, 2006
46. The Reserve Bank of India was established on _______.
April 1, 1935
April 12, 1939
July 12, 1982
May 26, 2006
47. Which of the following is true about the functions performed by RBI -
It is the Bank of Issue
It is the banker of other banks
It regulates the flow of credit
All of the above
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