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
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India Infoline
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Reliance Money
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Zipcash
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none of these
B
Correct answer
Explanation
Reliance Money was the first Indian financial services company to enter the Chinese and Hong Kong retail investment markets.
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TCS
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ICICI Bank
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TESCO
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BHEL
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All of these
D
Correct answer
Explanation
BHEL (Bharat Heavy Electricals Limited) is a government-owned engineering and manufacturing enterprise, making it a public sector unit. TCS is a private company, and ICICI is a private bank.
C
Correct answer
Explanation
The South Asian Development Fund was established by the South Asian Association for Regional Cooperation (SAARC) to promote regional development.
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UTI
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LIC
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GIC
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All of the above
D
Correct answer
Explanation
UTI (Unit Trust of India), LIC (Life Insurance Corporation), and GIC (General Insurance Corporation) are all major financial institutions in India that provide long-term capital and credit to industrial sectors.
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National Housing Bank
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National Bank of Agriculture and Rural Development
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Deposit Insurance and Credit Guarantee Corporation of India
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Exim Bank of India
D
Correct answer
Explanation
The Export-Import Bank of India (Exim Bank) is a specialized financial institution wholly owned by the Government of India, not the Reserve Bank of India. The other options are subsidiaries or institutions under the regulatory control of the RBI.
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Vijaya Bank
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Janata urban Cooperative Bank
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Both (A) and (B)
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None of these
C
Correct answer
Explanation
LIC has entered into bancassurance partnerships with numerous banks, including Vijaya Bank and various cooperative banks, to distribute its insurance products.
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Reserve Bank
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Board of the concerned bank
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If it is a listed bank, then SEBI
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Central Govt. in all cases
A
Correct answer
Explanation
Approval of appointment of Chief Executive Officers (CEOs) in India (Section 35B of the BR Act, 1949) is by RBI.
C
Correct answer
Explanation
NRO accounts may be opened / maintained in the form of current, savings, recurring or fixed deposit accounts. Rate of interest applicable to these accounts and guidelines for opening, operating and maintenance of such accounts shall be in accordance with directives/instructions issued by the Reserve Bank from time to time. The accounts may be held jointly with residents and / or with non-residents.
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Mumbai
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Kolkata
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New Delhi
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Chennai
C
Correct answer
Explanation
Bhartiya Mahila Bank was established in 2013 with its headquarters located in New Delhi.
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first rates
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same rates
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reasonable rates
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best rates
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None of these
C
Correct answer
Explanation
Started in 1970s Grameen Bank of Bangladesh is one of the biggest success stories in reaching thepoor to meet their credit needs at reasonable rates.
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ICICI Bank
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HDFC Bank
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Axis Bank
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Kotak Mahindra Bank
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Yes Bank
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HDFC Bank
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Axis Bank
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ICICI Bank
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Yes Bank
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Federal Bank
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Oriental Bank of Commerce
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Punjab National Bank
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Bank of India
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Bank of Baroda
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Central Bank of India
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Bank of France
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Bank of Japan
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Central Bank of Malaysia
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Reserve Bank of New Zealand
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Reserve Bank of India
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Axis Bank and State Bank of Patiala
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ICICI Bank and Bank of Baroda
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State Bank of India and State Bank of Patiala
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Axis Bank and State Bank of India
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Bank of Baroda and State Bank of India