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

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 agriculture in our times social science

4 out of 5 farmers in Andhra Pradesh approach which of the following entities for loans.

  1. Banks

  2. Rich Peasants

  3. Money Lenders

  4. All
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All farmers in Andhra Pradesh approach Banks, Rich Peasants and Money Lenders entities for loans.


Multiple choice business organisation import and export procedure export trade procedures and formalities of exports and imports import and export

The Export Import Bank of India (EXIM Bank) is _____________________.

  1. wholly owned by the Union government

  2. partly owned by the Union government

  3. wholly owned by the World Bank

  4. partly owned by the World Bank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Export-Import Bank of India (EXIM Bank) was established by the Government of India and is entirely owned by the Union government.

Multiple choice business organisation and correspondence bank 1 - definition, kinds, functions and importance other services and modern trends in banking sector types of banks diversified banking functions

Which of the following is/are the specialized bank(s) of India?

  1. Industrial Development Bank of India

  2. EXIM Bank

  3. Rural Credit Bank

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
The banking operations of the specialized banks serve only specific purposes. Specialized banks are established in order to finance specific type of economic activity. Following are the specialized banks of India:
a) Industrial Development Bank of India
b) EXIM Bank
c) Rural Credit Bank.