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Banks in India and their History Quiz | Banks in India and their History Objective Type Questions and Answers

(21) Bank of Rajasthan was merged with
[A] SBI
[B] HDFC
[C] IDBI
[D] ICICI
Answer: ICICI
(22) Which bank(s) has/have received Banking license by Reserve Bank of India in 2014?
[A] Aditya Birla Nuvo Ltd
[B] IDFC
[C] Bandhan
[D] Both B and C
Answer: Both B and C

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(23) Which bank was baptised as the State Bank of India?
[A] New Bank of India
[B] Imperial Bank of India
[C] Indian Bank
[D] United Bank of India
Answer: Imperial Bank of India
(24) Which was the first bank to introduce Internet banking?
[A] Canara Bank
[B] ICICI Bank
[C] Punjab National Bank
[D] State Bank of India
Answer: ICICI Bank
(25) Which was the first bank to introduce credit card in India?
[A] Canara Bank
[B] Central Bank of India
[C] Bank of Baroda
[D] ICICI Bank
Answer: Central Bank of India
(26) Punjab National Bank was established in ________.
[A] 1881
[B] 1894
[C] 1913
[D] 1917
Answer: 1894
(27) Imperial Bank of India was nationalised in _______.
[A] 1949
[B] 1955
[C] 1959
[D] 1969
Answer: 1955
(28) Oudh Commercial Bank was founded in _______.
[A] 1913
[B] 1917
[C] 1894
[D] 1881
Answer: 1881
(29) Which bank was united with the Punjab National Bank in 1993?
[A] Oudh Commercial Bank
[B] Imperial Bank of India
[C] New Bank of India
[D] Punjab and Sind Bank
Answer: New Bank of India
(30) Which was the first bank to introduce mutual fund?
[A] Bank of Baroda
[B] ICICI Bank
[C] Punjab National Bank
[D] State Bank of India
Answer: State Bank of India
31 Which of the following banks has launched the India's first mortgage guarantee-backed home loan product ‘Extraa Home Loan’?
[A] State bank of India
[B] Bank of Baroda
[C] ICICI Bank
[D] HDFC Bank
Answer: ICICI Bank
32 Name the micro finance company that becomes the first to start operation as a commercial bank?
[A] PayTm Bank
[B] Vodafone m-Pesa Bank
[C] Yes Bank
[D] Bandhan Bank
Answer: Bandhan Bank
33 Who is the head of the committee that recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks?
[A] Bibek Debroy
[B] Raghuram Rajan
[C] R Gandhi
[D] U K Sinha
Answer: R Gandhi
34 How many payment banks received in-principle approval by the Reserve bank of India?
[A] 3
[B] 4
[C] 6
[D] 11
Answer: 11
35 Which bank has launched the fist contactless debit, credit and multi-currency forex card?
[A] Axis Bank
[B] ICICI Bank
[C] HDFC Bank
[D] SBI
Answer: Axis Bank
36 Who has been appointed as the MD and CEO of Bank of Baroda by the government?
[A] P S Jayakumar
[B] Jaykumar Sharma
[C] Shiv Pal Sharma
[D] Ajay Shankar
Answer: P S Jayakumar
37 Who has been appointed as the MD and CEO of Canara Bank by the government?
[A] M S Dhir
[B] Rakesh Sharma
[C] Rajesh Dhariwal
[D] Sanjay Shah
Answer: Rakesh Sharma
38 On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal?
[A] PNB
[B] UCO Bank
[C] Allahabad Bank
[D] Union Bank of India
Answer: UCO Bank
39 Name the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for “un-banked” regions?
[A] Kotak Bharat
[B] Bharat
[C] Kotak India
[D] IndianKotak
Answer: Kotak Bharat
40 Which bank had the highest concentrations of operations overseas in 2010?
[A] Bank of Baroda
[B] Bank of India
[C] State Bank of India
[D] Union Bank of India
Answer: Bank of Baroda

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