Indian Banking History, Role of Banks: Banking Awareness Quiz

Mentor for Bank Exams
Quiz on Indian Banking History, Role of Banks
1. Reserve Bank of India (RBI) was established on the recommendations of -
A) Hilton Young Commission
C) S. Chetty Commission
D) U. K. Patel Committee
2. Which was the first foreign bank to open a branch in India?
A) Citibank
B) American Express Bank
C) Comptoire d'Escompte de Paris
3. Which is the oldest bank in India?
A) Punjab National Bank
B) Allahabad Bank
C) State Bank of India
D) Central Bank of India
4. The number of Public Sector Banks in India is -
A) 27
B) 21
C) 14
D) 29
5. In which years RBI and SBI are nationalized respectively?
A) 1955, 1949
B) 1969, 1955
C) 1949, 1955
D) 1955, 1969
6. Which bank was merged with Punjab National Bank in 1993?
A) Bank of Rajasthan
B) New Bank of India
C) Oudh Commercial Bank
D) ING Vysya Bank
7. Allahabad Bank (est. 1865) is the still functioning oldest Joint Stock bank of IndiA)Which bank is the first Joint Stock bank of India?
A) Punjab National Bank
B) Union Bank of India
C) Bank of Upper India
D) Oudh Commercial Bank
8. Which bank sponsored first Regional Rural Bank (RRB) in India by the name Prathama Grameen Bank?
A) Allahabad Bank
B) UCO Bank
C) Syndicate Bank
9. Which bank is the first Cooperative Bank of India (also in Asia)?
A) Anyonya Cooperative Bank
B) Repco Bank
C) Saraswat Bank
D) Mahila Cooperative Bank
10. Which bank was renamed on 30th April, 1955 to become State Bank of India?
A) Hindustan Bank
B) Imperial Bank of India
C) Oudh Commercial Bank
D) Repco Bank
11. Which is the first bank that was purely managed by Indians?
A) Allahabad Bank
B) Punjab National Bank
C) Punjab & Sind Bank
D) Oudh Commercial Bank
12. Which commercial bank was first wholly owned and managed by Indians?
A) Central Bank of India
B) Allahabad Bank
C) Punjab National Bank
D) Punjab & Sind Bank
13. How many banks were nationalized in 1969 (Smt. Indira Gandhi regime)?
A) 14
B) 15
C) 13
D) 12
14. In which year 6 banks were nationalized (Smt. Indira Gandhi regime)?
A) 1969
B) 1955
C) 1980
D) 1934
15. Who is the first Governor of RBI?
A) C.D.Deshmukh
B) James Braid Taylor
C) Osborne Smith
D) Raghuram Rajan
16. Scheduled Banks of India are those banks, which are -
A) included in First Schedule of RBI Act, 1934
B) not included in First Schedule of RBI Act, 1934
C) included in Second Schedule of RBI Act, 1934
D) not included in Second Schedule of RBI Act, 1934
17. Which is not an Associate Bank of SBI?
A) State Bank of Bikaner & Jaipur
B) State Bank of Travancore
C) State Bank of Mysore
D) State Bank of Rajasthan
18. Which is an old private sector bank of India?
A) Federal Bank
B) Yes Bank
C) IndusInd Bank
D) HDFC Bank
19. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
A) ING Vysya Bank
B) Karur Vysya Bank
C) Lakshmi Vilas Bank
D) Jammu and Kashmir Bank
20. Which combination has female CMDs?
A) HDFC, ICICI, Axis Bank
B) ICICI, Axis Bank, Kotak Mahindra Bank
C) Yes Bank, Kotak Mahindra Bank, SBI
D) SBI, ICICI, Axis Bank
21. Which two private sector banks have got license from RBI in 2014?
A) Bandhan and Yes Bank
B) Yest Bank and IDFC
C) IDFC and Bandhan
D) Axis Bank and ICICI
22. Who is conferred with the Best Central Bank Governor Award for 2014, by Euromoney?
A) Janet Yellen
B) Raghuram Rajan
C) Graeme Wheeler
D) Mario Draghi
23. Which one is not a relationship between banker and customer? (Format: 'banker - customer')
A) Creditor - Debtor
B) Debtor - Creditor
C) Bailee - Bailor
D) Bailor - bailee
24. Which bank first introduced Automated Teller Machine (ATM) in India (1987)?
B) Punjab National Bank
C) Federal Bank
25. Bank of Rajasthan was merged with which private sector bank?
B) Axis Bank
C) HDFC Bank
D) Kotak Mahindra Bank