Banking Financial Awareness · General Awareness

Banking Institutions and History

1,287 Questions

Review crucial questions related to banking institutions, their histories, and recent financial events. This set covers bank mergers, taglines, and key regulatory changes by the Reserve Bank of India. It is highly relevant for aspirants of banking and insurance exams.

Bank taglinesBank mergersRBI regulationsFinancial institutions historyBanking licenses

Banking Institutions and History Questions

Multiple choice general knowledge

Full form of IDBI?

  1. Industrial development bank of india

  2. International development bank of india

  3. Institute development bank of india

  4. Industrial development bank of indus
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

IDBI stands for Industrial Development Bank of India, a development finance institution. Note that it's 'Industrial' not 'International' - the I represents the domestic focus on Indian industrial development.

Multiple choice general knowledge

A sitter. The tagline of which bank is "Good people to bank with"?

  1. Bank of India

  2. Union Bank of India

  3. ABN Amro Bank

  4. Karur Vysya Bank
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Union Bank of India uses 'Good people to bank with' as its official tagline. This branding emphasizes customer relationships and service quality. The other banks listed have different taglines - Bank of India uses 'Rashtra ko nirman karte hue', ABN Amro was 'Making more possible', and Karur Vysya Bank is 'The bank that cares'.

Multiple choice general knowledge

“Net Safe Credit Card” is introduced by which bank?

  1. ICICI bank

  2. SBI Bank

  3. IDBI Bank

  4. HDFC Bank
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

To answer this question, the user needs to have knowledge of various banks and their credit card offerings.

Explanation:

A. ICICI bank: This option is incorrect. While ICICI Bank offers a range of credit cards, "Net Safe Credit Card" is not one of them.

B. SBI Bank: This option is incorrect. Although SBI Bank offers credit cards, "Net Safe Credit Card" is not one of them.

C. IDBI Bank: This option is incorrect. IDBI Bank offers a range of credit cards, but "Net Safe Credit Card" is not one of them.

D. HDFC Bank: This option is correct. HDFC Bank offers "Net Safe Credit Card" as a virtual credit card that can be used for online transactions without revealing the actual credit card details.

Therefore, the answer is:

The Answer is: D. HDFC Bank

Multiple choice general knowledge

"Good people to bank with" tagline of which bank...??

  1. UNION BANK OF INDIA

  2. SBI

  3. Punjab National Bank

  4. Citibank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Union Bank of India's "Good people to bank with" tagline reflects the bank's positioning as a customer-friendly, trustworthy institution. The tagline emphasizes the bank's commitment to ethical banking practices and customer service, making it a memorable brand statement in Indian banking.

Multiple choice general knowledge

What is expansion of "ICICI?"

  1. Income credit and Investments Company of India

  2. Industrial common all Investments Corporation of India

  3. Industrial credit and Investments Corporation of India

  4. Industrial credit and Income Corporation of India
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

ICICI stands for 'Industrial Credit and Investment Corporation of India' - established in 1955 as a joint-venture between the World Bank and Indian government to provide project financing. Later it became ICICI Bank. Options A, B, and D incorrectly substitute 'Income', 'common', or other words that don't match the actual expansion. The correct expansion uses 'credit' not 'income' or 'common'.