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Banking Awareness Objective Questions 1

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Banking Awareness Bits Test Paper 1 | History Of Banking Questions

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1. Which of the following is the first micro finance company to start operation as a commercial Bank
a) Oriental Bank of Commerce
b) Bhandan Bank
c) Hdfc bank
d) State Bank of India
e) Reserve Bank of India

a) Oriental Bank of Commerce

2. UTI Bank is now called as
a) HDFC Bank

b) Axis Bank
c) IBDI Bank
d) ICICI Bank
e) None

b) Axis Bank

3. Modern Banking System in India Commenced with
a) Bank of Hindustan
b) Bank of Bengal
c) Bank of Bombay
d) Bank of Madras
e) None

a) Bank of Hindustan

4. How many Presidency Banks were setup by the British East India Company in India
a) 1
b) 2
c) 3
d) 4
e) 5

c) 3

5. First Presidency Bank in collaboration with British East India company and Government of Bengal is
a) Bank of Madras
b) Bank of Calcutta
c) Bank of Bengal
d) Bank of Bombay
e) Bank of Hindustan

b) Bank of Calcutta

6. Bank of Calcutta is renamed as
a) Bank of Bengal
b) Bank of Madras
c) Bank of Bombay
d) Bank of India
e) None

a) Bank of Bengal

7. Second Presidency Bank in India
a) Bank of Bombay
b) Bank of India
c) Bank of Madras
d) Bank of Bengal
e) Bank of Calcutta

a) Bank of Bombay

8. Third Presidency Bank in India
a) Bank of Madras
b) Bank of Calcutta
c) Bank Of India
d) Bank of Bengal
e) None

a) Bank of Madras

9. Amalgamation of the Bank of Bengal, the Bank of Bombay and the Bank of Madras which bank is formed
a) State Bank of India
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Imperial Bank Of India

e) Imperial Bank Of India

10. In which year Imperial Bank of India Nationalized
a) 1955
b) 1978
c) 1961
d) 1953
e) 1956

a) 1955

11. Imperial Bank of India renamed as
a) State Bank of India
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Reserve Bank Of India

a) State Bank of India

12. First entirely Indian joint stock Bank was
a) Allahabad Bank
b) Oudh Commercial Bank
c) Central Bank Of India
d) Punjab National Bank
e) None

b) Oudh Commercial Bank

13. The oldest joint stock Bank which is still working
a) Bank of Upper India
b) Allahabad Bank
c) Oudh Commercial Bank
d) Punjab National Bank
e) Central Bank Of India

b) Allahabad Bank

14. Oldest Public Sector bank in India still working
a) State Bank of India
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Reserve Bank Of India

b) Allahabad Bank

15. Allahabad Bank was founded in which year
a) 1865
b) 1961
c) 1855
d) 1921
e) None

a) 1865

16. Which Bank is established at Lahore in Punjab Province
a) State Bank of India
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Reserve Bank Of India

c) Punjab National Bank

17. First Indian commercial bank wholly owned and managed by Indians
a) State Bank of India
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Reserve Bank Of India

d) Central Bank Of India

18. Punjab National Bank was founded in which year
a) 1865
b) 1961
c) 1855
d) 1921
e) 1894

e) 1894

19. Central Bank of India was founded in which year
a) 1865
b) 1961
c) 1855
d) 1911
e) 1921

d) 1911

20. which bank is called First Truly Swadeshi bank of India
a) State Bank of India
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Reserve Bank Of India

d) Central Bank Of India

21. First Indian Bank to open a Foreign Branch
a) State Bank of India
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Bank of India

e) Bank of India

22. Reserve Bank of India was founded in which year
a) 1865
b) 1961
c) 1855
d) 1935
e) 1921

d) 1935

23. The First Five-year Plan was launched in
a) 1865
b) 1961
c) 1951
d) 1936
e) 1921

c) 1951

24. The First Five-year Plan was between which years
a) 1951-1956
b) 1955-1960
c) 1953-1958
d) 1963-1968
e) None

a) 1951-1956

25. How many banks were nationalized in First Phase
a) 10
b) 20
c) 14
d) 15
e) 18

c) 14

26. How many banks were nationalized in second Phase
a) 1
b) 6
c) 3
d) 5
e) 8

b) 6

27. In which year nationalization of banks in First Phase happened
a) 1969
b) 1970
c) 1971
d) 1999
e) 1968

a) 1969

28. In which year nationalization of banks in second Phase happened
a) 1969
b) 1970
c) 1980
d) 1999
e) 1968

c) 1980

29. In which year Reserve Bank of India Nationalized
a) 1865
b) 1961
c) 1855
d) 1935
e) 1949

e) 1949

30. When was SBI established
a) 1st July 1955
b) 3rd March 1956
c) 1st April 1955
d) 3rd July 1955
e) None

a) 1st July 1955

31. When was RBI established
a) 1st July 1955
b) 3rd March 1956
c) 1st April 1955
d) 3rd July 1955
e) 1st April 1935

e) 1st April 1935

32. Present Governor of RBI
a) Shaktikanta Das
b) Raghuram Rajan
c) Rakesh Mohan
d) Urjit Patel
e) D. Subba Rao

a) Shaktikanta Das

33. One Family, One Bank is Slogan of which Bank
a) Bank of Maharashtra
b) Central Bank of India
c) Dena Bank
d) Indian Bank
e) Allahabad Bank

a) Bank of Maharashtra

34. Head Office of Oriental Bank of Commerce is in
a) New Delhi
b) Mumbai
c) Bangalore
d) Hyderabad
e) None

a) New Delhi

35. Which is the first foreign bank in India
a) Chartered Bank of India
b) HSBC Bank.
c) The Bank of America
d) Bank of Scotland
e) None

a) Chartered Bank of India

36. HDFC Bank established in
a) 1994
b) 1996
c) 1981
d) 1999
e) None

a) 1994

37. Which Bank is Indian State owned International Banking and financial services company
a) Bank of Baroda
b) HSBC Bank.
c) The Bank of America
d) Bank of Scotland
e) None

a) Bank of Baroda

38. Which is the first bank in India to introduce ATM’s
a) Bank of Baroda
b) HSBC Bank.
c) The Bank of America
d) State Bank of India
e) Union Bank of India

a) Bank of Baroda

39. When was Regional Rural Banks established in
a) 2nd Oct 1975
b) 3rd March 1956
c) 1st April 1955
d) 3rd July 1955
e) 1st April 1935

a) 2nd Oct 1975

40. Which bank in India is Specialized Bank for Agriculture and Rural Development in India
a) Regional Rural Bank
b) Grameena Bank
c) Grameena vikas Bank
d) National Bank for Agriculture and Rural Development
e) None

d) National Bank for Agriculture and Rural Development

41. EXIT Bank was established in
a) 1994
b) 1996
c) 1981
d) 1999
e) 1982

e) 1982

42. National Housing Bank was established in
a) 2nd Oct 1975
b) 3rd March 1956
c) 1st April 1955
d) 9th July 1988
e) 1st April 1935

d) 9th July 1988

43. SIDBI Bank was established in
a) 2nd Oct 1975
b) 3rd Jan 1952
c) 1st April 1955
d) 9th July 1988
e) 2nd April 1990

e) 2nd April 1990

44. Which committee formed to access the functioning of the Indian Monetary System
a) Rangarajan Committee
b) Chakravarthy Committee
c) Narasimham Committee
d) Vaghul Committee
e) None

b) Chakravarthy Committee

45. Which year Chakravarthy Committee formed
a) 1994
b) 1996
c) 1981
d) 1999
e) 1985

e) 1985

46. Which committee formed to implement computerization in Indian Banks
a) Rangarajan Committee
b) Chakravarthy Committee
c) Narasimham Committee
d) Vaghul Committee
e) None

a) Rangarajan Committee

47. The foreign Exchange Regulation Act (FERA) was legalization passed in India in
a) 1954
b) 1996
c) 1973
d) 1970
e) 1985

c) 1973

48. Which Bank was merged with State Bank of India on 31st March 2017
a) Bharatiya Mahila Bank
b) Allahabad Bank
c) Punjab National Bank
d) Central Bank Of India
e) Dena Bank

a) Bharatiya Mahila Bank

49. Which is the first bank in India to start Internet Banking.
a) SBI
b) HDFC
c) AXIS
d) ICICI
e) Andhra Bank

d) ICICI

50. Which is the first bank in India to open a Branch in overseas
a) Bank of India
b) HSBC Bank.
c) The Bank of America
d) State Bank of India
e) Union Bank of India

a) Bank of India

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