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 co-operative bank was closed and reopened?

  1. Charminar Co-operative Bank

  2. Janta Co-operative Bank, Dholka

  3. Welfare Co-operative Bank, Bhavnagar

  4. Ujjwal Co-operative Bank, Ahmedabad
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Charminar Co-operative Bank in Hyderabad is a well-documented case in Indian banking history where the bank was closed due to financial irregularities and later underwent processes for potential reopening or resolution.

Multiple choice

Which is the first Urban Co-operative Bank to introduce 'Entrepreneurship Core Banking'?

  1. Bharat Co-operative Bank Ltd

  2. Gujrat Co-operative Bank Ltd.

  3. Maharashtra State Co-operative Bank Ltd.

  4. Ahmedabad Mercantile Co-operative Bank Ltd.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Bharat Co-operative Bank Ltd is recognized for being an early adopter of advanced banking technology, including the implementation of systems that support entrepreneurship through core banking solutions.

Multiple choice

Which of the following statements is correct regarding co-operative banks?

  1. State Co-operative Bank is Apex Co-operative bank whose capital is owned by Central Co-operative Banks and State Governments.
  2. Each State has one or more State Co operative Bank(s).
  3. State Co-operative Banks can establish their branches at centre where there is no Central Co-operative bank.

  1. 1

  2. 1 and 2

  3. 2 and 3

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

State Co-operative Banks (StCBs) act as the apex body at the state level. They are owned by Central Co-operative Banks and the state government, they exist in every state, and they can open branches in areas lacking a Central Co-operative Bank.

Multiple choice

Which is the largest co-operative bank of India?

  1. Saraswat Co-operative Bank

  2. Shamrao Vitthal Co-operative Bank

  3. Maratha Mandir Co-operative Bank

  4. South Indian Co-operative Bank

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

Saraswat Co-operative Bank is widely recognized as the largest Urban Co-operative Bank in India in terms of total business and branch network.

Multiple choice

Which Urban Co-operative Bank(s) was/were declared as a Non-Scheduled Co-operative Bank(s) by the Reserve Bank of India?

  1. Thane Bharat Sahakari Bank

  2. Jorastrain Co-operative Bank

  3. Both the above

  4. None of the above

  5. Akhand Anand Co-Operative Bank Ltd.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Both Thane Bharat Sahakari Bank and Zoroastrian Co-operative Bank have been subject to regulatory reclassifications by the RBI, including being declared as non-scheduled at various points in time.

Multiple choice

Which of the following is not a Local Area Bank out of three functioning at present?

  1. Coastal Local Area Bank, Vijayawada (Andhra Pradesh)

  2. Capital Local Area Bank, Nakodar (Punjab)

  3. Krishna Bhim Smridhi Local Area Bank, Mehbubnagar (Andhra Pradesh)

  4. Manipal Local Area Bank, Manipal (Karnataka)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Manipal Local Area Bank is not one of the original or currently recognized Local Area Banks in the context of the three main ones often cited in banking exams.

Multiple choice

In July 2015, IDFC was granted a banking licence from the Reserve Bank of India. What does IDFC stand for?

  1. Industrial Development Financing Company

  2. Infrastructure Development Financing Corporation

  3. Industrial Development Financing Corporation

  4. Internal Department of Finance and Compensation

  5. Infrastructure Development Financing Company
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

IDFC stands for Infrastructure Development Financing Company. It was originally established to support infrastructure projects before transitioning into a full-service bank.