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/are major player(s) in the Indian money market?

  1. Cooperative Banks

  2. Foreign Sector Banks

  3. Commercial Banks

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

Commercial Banks are the primary and most active participants in India's money market. They deal in short-term funds, lend and borrow money, trade in government securities, and facilitate money market instruments like treasury bills, commercial papers, and certificates of deposit. The RBI regulates rather than participates directly.

Multiple choice

Which of the following is not a financial institution?

  1. IIPA

  2. LIC

  3. ICICI

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

IIPA (Indian Institute of Public Administration) is an academic and research institution, not a financial institution. LIC (Life Insurance Corporation), ICICI, and IDBI are all financial institutions dealing with insurance, banking, and development finance respectively.

Multiple choice

HSBC, OBC and _______ combined to make their entry in the insurance sector.

  1. Canara Bank

  2. Allahabad bank

  3. Centurion bank

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

Canara Bank joined HSBC and Oriental Bank of Commerce (OBC) to form a joint venture insurance company called Canara HSBC Oriental Bank of Commerce Life Insurance Company. This alliance was formed to enter the Indian insurance sector when banking regulations allowed diversification. Allahabad Bank and Centurion Bank were not part of this specific partnership.

Multiple choice

MIP-95 Mutual Fund scheme is from

  1. UTI

  2. Tata

  3. ICICI

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

MIP-95 was a mutual fund scheme launched by UTI (Unit Trust of India) in 1995. It was a monthly income plan scheme aimed at providing regular returns to investors. UTI was India's largest mutual fund company at that time. Tata, ICICI, and Kotak Mahindra did not launch this specific scheme.

Multiple choice

The first fully Indian bank is

  1. State Bank of India

  2. State Bank of Patiala

  3. Oriental Bank of Commerce

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

Punjab National Bank (PNB), founded in 1895, was the first fully Indian-owned bank. It was established in Lahore (now Pakistan) and managed entirely by Indian nationals without British involvement. SBI originated from Bank of Bengal (1806) which had British connections. Oriental Bank of Commerce and State Bank of Patiala came later.

Multiple choice

Which of the following is/are not correctly matched?

(a) ICICI established in - 1994
(b) Reserve bank established in - 1935 (c) Canara bank established as - First all women bank (d) IDBI - 1964

  1. (c), (a), (d)

  2. (b), (c), (d)

  3. (d)

  4. (c)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

ICICI was established in 1994, making (a) correct. Reserve Bank of India was indeed established in 1935, so (b) is accurate. IDBI was established in 1964, making (d) correct. However, (c) is incorrect because Canara Bank was not the first all-women bank - that distinction belongs to Bharatiya Mahila Bank launched in 2013. Option D correctly identifies (c) as the only incorrect match.