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

Which of the following is true in context with Bharatiya Mahila Bank?

  1. Prime minister launched the mahila bank in Mumbai.

  2. Election commission allowed the Bharatiya Mahila Bank on 18th November, 2013.

  3. Bharatiya Mahila Bank was launched marking the birth anniversary of Indira Gandhi.

  4. Usha Ananthasubramanian was appointed as the first CMD of Bharatiya Mahila Bank (BMB).

  5. All of the above options are true.
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Yes, all of the above options are true. 

Multiple choice

Which of the following statements are correct about financial inclusion in India? (a) In terms of decadal growth rate in bank branches, Haryana has the highest growth and Bihar the lowest. (b) Himachal Pradesh has the highest percentage households availing of banking services while Assam is the lowest. (c) Swabhimaan is the flagship programme initiated by GOI to attain financial inclusion.

  1. only a

  2. a and b

  3. b and c

  4. a and c

  5. all of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

All the above staements are correctly mentioned here. Hence, this is the correct answer option.

Multiple choice

High -powered money is produced by:

  1. Commercial banks

  2. Co-operative banks

  3. Ministry of Finance

  4. Reserve Bank of India
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

High-powered money (monetary base) consists of currency held by the public and bank reserves. Only the central bank (Reserve Bank of India in the Indian context) can create high-powered money through currency issuance and open market operations. Commercial banks create deposit money through lending, but this is derived money that multiplies the high-powered money base.