Banking and Financial Awareness for RBI/IBPS Exams

Q1. In India, the first bank of limited liabilities managed by Indians and founded in 1881 was?
(a) Hindustan Commercial Bank
(b) Oudh Commercial Bank
(c) Punjab National Bank
(d) Punjab and Sind Bank
(e) National Bank

Q2. How many banks were first nationalised?
(a) 10 
(b) 12
(c) 14
(d) 16
(e) 24

Q3. Imperial Banks were amalgamated and changed as .......?
(a) Reserve Bank of India
(b) State Bank of India
(c) Subsidiary Banks
(d) Union Bank of India
(e) Corporation Bank

Q4. When was Imperial Bank was changed as State Bank of India?
(a) 1st January, 1935
(b) 26th February, 1947
(c) 1st July, 1955
(d) 1st July, 1959
(e) 26th February, 1955

Q5. Which of the following Indian Banks is not a Nationalised Bank?
(a) Corporation Bank
(b) Dena Bank
(c) Federal Bank
(d) Vijaya Bank
(e) Oriental Bank of Commerce

Q6. Consider the following statements:
1. Allahabad Bank was the first bank to be established exclusively by Indians.
2. Seven banks forming subsidiary of State Bank of India was nationalised in 1960.
Which of the statements given above is/are correct?
(a) Only 1 
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2
(e) Can’t say

Q7. Which was the first Bank corporated by the Indians?
(a) Imperial Bank of India
(b) State Bank of India
(c) Avadh Commercial Bank
(d) Reserve Bank of India
(e) National Bank

Q8. The origin of the State Bank of India goes back to the first decade of the 19th century with the establishment of?
(a) Bank of Calcutta
(b) Bank of Bengal
(c) Bank of Bombay
(d) Bank of Madras
(e) None of the above

Q9. Which bank came into existence in 1921 when three banks namely, Bank of Bengal (1806), Bank of Bombay (1840) and Bank of Madras (1843) were reorganised and amalgamated to form a single banking entity?
(a) Imperial Bank of India
(b) State Bank of India
(c) Reserve Bank of India
(d) Punjab National Bank
(e) None of the above

Q10. What was the deposits criteria of 14 banks nationalised on 19th July, 1969?
(a) 1000 crore 
(b) 500 crore
(c) 100 crore
(d) 50 crore
(e) None of the above

Q11. The formal institutional credit delivery system in rural India comprises of which of the following?
I. Co-operativ Banks
II. Commercial Banks 
III. Regional Rural Banks 
IV. Self Help Groups  
(a) Only I and II
(b) Only III and IV
(c) Only I, II and IV
(d) All of the above
(e) None of the above

Q12. The Reserve Bank of India has recently issued guidelines to banks on Pillar 2 of Basel II framework. Pillar 2 deals with which of the following?
I. New Capital Adequacy Framework 
II. HR Management
III. Better profitability with minimum number of employees 
(a) Only I
(b) Only II
(c) Only III
(d) All of the above
(e) None of the above

Q13. Which of the following is NOT a department of the Ministry of Finance, government of India?
(a) Department of Economic Affairs 
(b) Department of Expenditure 
(c) Department of Revenue 
(d) Department of External Affairs
(e) None of the above

Q14. Which of the following is the example of product diversification of Bank? 
(a) Credit Card 
(b) International Credit Card 
(c) Debit Card 
(d) All of the above
(e) None of the above 

Q15. Which of the following is/are different categories of inflation?
I.  Wage Push 
II. Cost push 
III. Demand pull
(a) Only I
(b) Both I and II
(c) Both II and III
(d) All of the above
(e) None of the above