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 banks is not a private sector bank?

  1. HDFC

  2. ICICI

  3. Kotak Mahindra Bank

  4. Jammu and Kashmir Bank

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

This is the correct option as all these are private sector banks. These are owned, managed and controlled by private promoters, and are free to operate as per market forces.

Multiple choice

Which of the following banks is the government banker of India?

  1. Reserve Bank of India

  2. Central Bank of India

  3. State Bank of India

  4. State Bank of Patiala

  5. Indian Overseas Bank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

This is the correct answer. The central bank of a country supervises controls and regulates the activities of all commercial banks of that country. It also acts as the government banker. It controls the credit and currency policies of the country. Reserve Bank of India is the Central Bank of India.

Multiple choice

Which of the following types of banks is/are an important source of rural credit and agricultural financing in India?

  1. Public sector banks

  2. Private sector banks

  3. Cooperative banks

  4. Specialised banks

  5. Central bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. Cooperative banks are governed by the provisions of State Cooperative Societies Act and are meant essentially for providing cheap credit to their members. They are an important source of rural credit and agricultural financing in India.

Multiple choice

Which of the following banks provides financial aid to industries, heavy turnkey projects and foreign trade?

  1. Central bank

  2. Cooperative banks

  3. Specialised banks

  4. Public sector banks

  5. Private sector banks
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. These are foreign exchange banks, development banks or export-import banks catering to unique and specific needs of these unique activities. These banks provide financial aid to industries, heavy turnkey projects and foreign trade.

Multiple choice

This bank, in collaboration with NGOs, launched the " social card" for those people who want to contribute to the welfare of the society but either do not have time to do so or do not know which cause they would like to support. Can you identify the name of the bank in question from the given options?

  1. Canara Bank

  2. SBI

  3. Punjab National Bank

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

The State Bank of India (SBI) launched the 'Social Card' to facilitate charitable contributions through their banking network.

Multiple choice

Full form of “IOB” is

  1. Indian Overseas Bank

  2. Indian Oil Bank

  3. International Overseas Brochure

  4. International Ooil Barricade
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

IOB stands for Indian Overseas Bank, a major public sector bank in India founded in 1937.

Multiple choice

The government entrusted all disinvestment-related merchant banking assignments to PSBs in a bid to enable them to get more exposure in this field. Which of the following Public Sector Banks (PSBs) would get preference over private firms in handling merchant banking activities for government companies?

  1. State Bank of India

  2. Punjab National Bank

  3. Canara Bank

  4. All of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The government decided to entrust merchant banking assignments to various Public Sector Banks (PSBs) to build their capacity and reduce reliance on private firms for government divestment processes.

Multiple choice

This bank has recently come up with a gold card scheme whereby all credit-worthy exporters including those in the small and medium sectors with a good track record will be eligible for a Gold Card which will provide them with certain privileges. Can you identify the name of the bank in question?

  1. State Bank of India

  2. Reserve Bank of India

  3. Canara Bank

  4. Bank of Baroda
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Reserve Bank of India introduced the Gold Card scheme to provide credit-worthy exporters with faster and more flexible credit facilities.