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 is the first Local Area Bank of India?

  1. Coastal Local Area Bank

  2. Capital Local Area Bank

  3. Krishnabhim Smridhi Local Area Bank

  4. Vinayak Local Area Bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Krishnabhim Smridhi Local Area Bank is recognized as the first Local Area Bank established in India.

Multiple choice

Which of the following statements is/are correct in respect of Capital Local Area Bank?

  1. It is the third Local Area Bank in the country
  2. It was established in January 2000 at Nakodar (Punjab)
  3. All its branches are fully computerised

  1. 1 only

  2. 2 only

  3. 1 and 2 only

  4. 1, 2 and 3 only

  5. 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Capital Local Area Bank was the first local area bank in India, established in 2000 in Nakodar, Punjab. It is known for being fully computerized, making all three statements accurate.

Multiple choice

Which Indian Commercial Bank became the first in providing mobile ATM service?

  1. ICICI Bank

  2. HDFC Bank

  3. SBI

  4. IDBI Bank

  5. PNB

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

ICICI bank became the first in providing mobile ATM service. First rural branch and ATM launched in Uttar Pradesh at Delpandarwa, Hardoi.  ICICI Bank launched iMobile, a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobile phones. 

Multiple choice

With a view to provide Factoring and Forfaiting services to Indian exporters, EXIM Bank has established a joint venture jointly with—

  1. West Dutch Lands Bank

  2. Bank of Nova Scotia

  3. Union Bank of Switzerland

  4. Bank National De Paris
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

EXIM Bank established a joint venture for factoring and forfaiting services with Global Trade Finance Limited, which was promoted by EXIM Bank, International Finance Corporation, and WestLB (Westdeutsche Landesbank).

Multiple choice

Exim Bank has decided to acquire some stake in�

  1. Commonwealth Bank of Australia

  2. Royal Bank of Scotland

  3. Development Bank of Mauritius

  4. United Bank of Switzerland
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Exim Bank of India acquired a stake in the Development Bank of Mauritius to strengthen its presence and facilitate trade finance in the African region.

Multiple choice

Which of the following is a joint venture of EXIM Bank?

  1. Global Procurement Consultants Ltd., Mumbai

  2. Development Bank of Zambia

  3. West African Development Bank

  4. State Bank ocean International
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Global Procurement Consultants Ltd. is a joint venture promoted by EXIM Bank, along with other financial institutions, to provide consultancy services.

Multiple choice

Whose subsidiary is National Housing Bank?

  1. State Bank of India

  2. Reserve Bank of India

  3. Housing Development Finance Corporation

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

The National Housing Bank is a wholly owned subsidiary of the Reserve Bank of India, which established it under the National Housing Bank Act, 1987.