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

Bank of Baroda is the ____ largest bank in India as in 2011.

  1. fifth

  2. second

  3. third

  4. fourth
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As of 2011, Bank of Baroda was consistently ranked as one of the largest public sector banks in India. It held the third position in terms of business size among nationalized banks at that time.

Multiple choice

Which bank gives long term loan to farmers?

  1. Rural Banks

  2. SBI

  3. Land Development Bank

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

Land Development Banks in India are specifically designed to provide long-term credit to farmers for agricultural development and land improvement.

Multiple choice

Which of the following is the Banker of the Banks?

  1. IDBI

  2. SBI

  3. RBI

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

The Reserve Bank of India (RBI) acts as the central bank and the regulator of the banking system in India, earning it the title 'Banker of the Banks'.

Multiple choice

The first commercial bank to be setup in India was

  1. Bank of Madras

  2. Bank of Bombay

  3. Bank of Calcutta

  4. Union Bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Bank of Calcutta, later renamed the Bank of Bengal, was established in 1806 and is considered the first commercial bank in India.

Multiple choice

The first Bank established in India was

  1. State Bank of India

  2. Bank of Hindustan

  3. Punjab National Bank

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Bank of Hindustan, established in 1770 in Calcutta, is widely considered the first bank established in India under European management.

Multiple choice

How many foreign Banks are working in India?

  1. 30

  2. 35

  3. 40

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

The number of foreign banks operating in India fluctuates due to regulatory changes and market conditions. 40 is a figure often cited in older general knowledge databases for this question.

Multiple choice

The National Housing Bank is a subsidiary of

  1. Unit Trust of India

  2. Reserve Bank of India

  3. Life Insurance Corporation of India

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The National Housing Bank (NHB) was set up in 1988 as a wholly-owned subsidiary of the Reserve Bank of India to act as an apex level institution for housing finance.