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

Which among the following is not a wholly owned subsidiary of Reserve Bank of India?

  1. National Housing Bank

  2. National Bank of Agriculture and Rural Development

  3. Deposit Insurance and Credit Guarantee Corporation of India

  4. Exim Bank of India
Reveal answer Fill a bubble to check yourself
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.

Multiple choice

In which of the following can joint accounts with residents be opened by Non-Resident Indians?

  1. FCNR (B)

  2. NRE

  3. NRO

  4. NRNR
Reveal answer Fill a bubble to check yourself
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.