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 bank had planned to set up $500 million offshore fund?

  1. Axis

  2. HDFC

  3. ICICI

  4. Karur Vyasya Bank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Axis Bank had announced plans to establish a $500 million offshore fund to tap international investment opportunities. This was part of the bank's strategy to expand its global presence and offer diversified investment products.

Multiple choice

Which of the following is not a financial institution?

  1. IDBI

  2. ICICI

  3. FICCI

  4. HDFC

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

FICCI is not a financial institution. The FICCI (Federation of Indian Chambers of Commerce and Industry) is an association of business organisations in India.

Multiple choice

With you, Right Through is the ad-line of

  1. HDFC

  2. LIC.

  3. SBI.

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

HDFC's tagline 'With You, Right Through' emphasizes their commitment to being with customers throughout their financial journey. This branding position HDFC as a long-term partner in customers' home financing needs.

Multiple choice

A foreign travel card, “Vishwa Yatra” was launched by

  1. SBI

  2. Bank of Baroda

  3. ICICI Bank

  4. Kotak Mahindra Bank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

SBI (State Bank of India) launched the 'Vishwa Yatra' foreign travel card in 2005-06 to facilitate Indian travelers abroad. It was a prepaid foreign currency card. Bank of Baroda, ICICI Bank, and Kotak Mahindra Bank had similar products but 'Vishwa Yatra' was specifically SBI's branded product.

Multiple choice

From the given options, identify the bank which is seeking qualified full banking status in Singapore. This is for mobilising retail deposits and setting up ATMs.

  1. Bank of Baroda

  2. Canara Bank

  3. Syndicate Bank

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

State Bank of India was seeking a Qualified Full Banking status in Singapore to mobilize retail deposits and set up ATM networks. Many Indian banks were expanding their international operations during this period, and SBI was one of the most aggressive in pursuing overseas expansion.

Multiple choice

Recently, a country has decided to launch a private bank exclusively for millionaires, which country it is

  1. United States of America

  2. Italy

  3. UAE

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

China announced plans to launch a private bank specifically designed for millionaires, catering to high-net-worth individuals with specialized wealth management services. This was part of China's financial sector liberalization and the growing demand for premium banking services among the wealthy elite.