Banking Financial Awareness · General Awareness

Banking Institutions and History

1,351 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

………… is a Bank of Banks.

  1. State Bank of India

  2. Reserve Bank of India

  3. UCO Bank

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

The Reserve Bank of India (RBI) acts as the central bank and the 'Bank of Banks' in India, providing oversight and liquidity to other commercial banks.

Multiple choice

Five public sector banks have jointly introduced ATM Network Cash Online Services under which a customer of any of these five banks can transact from any ATM of another banks of the group. Four of these banks are Canara Bank, Union Bank of India, Central Bank of India and UCO Bank. Which is the fifth bank of the group?

  1. Bank of Baroda

  2. Indian Overseas Bank

  3. Corporation Bank

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

The group of five public sector banks that formed the Cash Online network included Canara Bank, Union Bank of India, Central Bank of India, UCO Bank, and Indian Overseas Bank.