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

What is the Indian messaging standard developed to serve as a platform for intra-bank and inter-bank applications called?

  1. SWIFT

  2. IDBRT

  3. SFMS

  4. IIBF

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

Structured financial messaging system (SFMS) are a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT (Society for World-wide Interbank Financial Telecommunications) which is the international messaging system used for financial messaging globally.

Multiple choice

Which of the following options best corrects / completes statement III?

Directions: This passage contains errors and an omission. Choose the correct option to complete the passage.

Statement I: Icici Bank opened 101 rural branches across six states.
Statement II: These rural branches had offer all the basic banking services.  
Statement III: They branches were formally inaugurated in 19 districts.  
Statement IV: ICICI Bank Executive Director Rajiv Sabharwal said, ________.                

  1. There

  2. Those

  3. These

  4. Their
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For branches we need plural demonstrative ‘these’. Moreover we use 'these' to indicate a thing just mentioned.....and we are talking about the same branches of the bank in the previous line also.