Banks in India and their History Quiz | Banks in India and their History Multiple Choice Questions and Answers

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Questions
1 What amount of capital would be infused in Public Sector banks by Indian Government over a period of four years to improve capital ratio and fight with rising bad loans?
A 70,000 Crore
B 1 Lakh Crore
C 2 lakh Crore
D 500 Crore

Answer: 70,000 Crore
2 Which bank has acquired the Sharekhan.com- broking and trading company?
A HSBC
B BNP Paribas
C Deutsche Bank
D ING Vysya

Answer: BNP Paribas
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3 Which of the following banks were declared as Domestic Systemically Important Banks (D-SIBs) by the RBI on 31st Aiug’15?
A SBI & ICICI Bank
B ICICI Bank & PNB
C HDFC Bank & SBI
D PNB & HDFC

Answer: SBI & ICICI Bank
4 As per the Fitch Ratings released on 1st Sep’15, which of the following banks has been downgraded by one notch to 'bb' to reflect the growing risk to the bank's capital position from its mounting stressed assets?
A Indian Bank
B Canara Bank
C Axis Bank
D Punjab National Bank

Answer: Punjab National Bank
5 The first bank of India 'Bank of Hindustan' was established in the year?
A 1880
B 1870
C 1770
D 1775

Answer: 1870
6 Which was the first bank to introduce cheque system in India?
A Bengal Bank
B Bank of Hindustan
C General Bank of India
D Presidency Bank

Answer: Bengal Bank
7 Which was the first bank to introduce savings account in India?
A Bank of Hindustan
B General Bank of India
C Presidency Banks
D Bengal Bank

Answer: Presidency Banks
8 Which of the following is the Oldest Joint Stock Bank of India which is still working?
A Allahabad Bank
B Bank of Upper India
C Patiala Bank
D State Bank of India

Answer: Allahabad Bank
9 Oudh Commercial Bank was founded in the year _____?
A 1913
B 1917
C 1894
D 1881

Answer: 1881
10 In which year did the Hilton Young Commission submit its report?
A 1926
B 1921
C 1935
D None of the above

Answer: 1926
11 On which date was the Reserve Bank of India established?
A April 1, 1935
B July 12, 1982
C January 1, 1949
D August 15, 1947

Answer: April 1, 1935
12 Original headquarters of RBI were located at which of the following place?
A Calcutta
B Bombay
C Delhi
D Chennai

Answer: Calcutta
13 In which year was The Banking Regulation Act passed in India?
A 1947
B 1935
C 1949
D 1965

Answer: 1949
14 Which of the following was the first Indian bank to open a branch on foreign soil?
A Bank of Baroda
B Bank of India
C Punjab National Bank
D Bank of Allahabad

Answer: Bank of India
15 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: Imperial Bank of India
16 Imperial Bank of India was nationalized in which year?
A 1945
B 1955
C 1949
D 1965

Answer: 1955
17 In which year were the Subsidiaries of SBI nationalized?
A 1955
B 1949
C 1959
D 1969

Answer: 1959
18 How many banks were nationalized in India in the year 1969?
A 12
B 3
C 14
D 8

Answer: 14
19 In April 1980, ____ banks were nationalized in India?
A 6
B 3
C 5
D 7

Answer: 6
20 The liberalization of Indian Banking and Regulation was done based on recommendation of _______?
A R Gandhi Committee
B Narasimham Committee
C Basel Committee
D Khusro Committee

Answer: Narasimham Committee

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