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.

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Banking Institutions and History Questions

Multiple choice social science rural development in india credit and banking in rural areas rural activities credit

NABARD is a __________.

  1. subsidiary of the RBI.

  2. co-operative bank

  3. private bank

  4. autonomous public sector institution
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD was established by an Act of Parliament as an autonomous institution to promote sustainable and equitable agriculture and rural development. It is not a subsidiary of the RBI, nor is it a private or cooperative bank.

Multiple choice social science rural development in india credit and banking in rural areas rural activities credit

_________ is the apex bank for agriculture credit.

  1. RBI

  2. SIDBI

  3. NABARD

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

NABARD (National Bank for Agriculture and Rural Development) is the apex regulatory and development body for agriculture credit in India. While the RBI oversees the entire banking system, NABARD specifically focuses on the rural and agricultural sector.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

The SIDBI is a wholly owned subsidiary of the _________.

  1. RBI

  2. IBRD

  3. IDBI

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

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before.  SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Small Industries Development Bank of India is created by _______.

  1. RBI

  2. IDBI

  3. IFCI

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

SIDBI was established in 1990 to cater to the financial needs and growth and development of micro, small and medium scale enterprises. It is an important pillar of Indian economy as it contributes greatly to the growth of the same.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

The principal financial institution for the promotion, financing and development of small scale industries is ________.

  1. SIDBI

  2. SFCs

  3. EXIM Bank

  4. IRBI
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before.  SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Which one among the following has not started Commercial Banking?

  1. SIDBI

  2. IDB

  3. ICICI

  4. UTI
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

It is a public financial institution which lends for longer periods.A bank is defined as an institution which accepts deposits for the purpose of lending and investment.  Further, Banks lend for shorter durations. SIDBI does not accept deposits and hence it is a financial institution not a commercial bank.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

SIDBI is a subsidiary of ____________.

  1. IDBI

  2. Union Bank

  3. RBI

  4. NABARD
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 that became operative since April 2, 1990.

Responsibility of administering Small Industries Development Fund and National Equity Fund that were earlier administered by IDBI were transferred to SIDBI. It is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Axis Bank was founded in ______.

  1. 1991

  2. 1992

  3. 1993

  4. 1994
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. The bank has its head office in Mumbai, Maharashtra. It has 3,703 branches, 13,814 ATMs, and nine international offices.

Multiple choice organization of commerce and management ownership structures - cooperative society features, merits and demerits, formation and management of a cooperative society meaning and features of cooperative society cooperative organisation

Which of the following is example of producers' co-operative society?

  1. Haryana handloom

  2. Gujarat co-operative milk marketing federation

  3. Apna Bazar

  4. Urban Cooperative Banks
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Producers co-operative societies is an artificial voluntary association of people who work together to protect the interest of small producers by making available all the materials, tools and equipment needed for production at a reasonable rate. For example- Haryana handloom.

Multiple choice commerce micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes

Which of the following is the bank that is a part of MDM Bachat Gat?

  1. MDMBGF

  2. MDMSB

  3. MVSS

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

MDMSB stands for the specific banking entity associated with the MDM Bachat Gat program in the context of these specific micro-finance schemes.

Multiple choice geography international economics organization mncs and impact of globalization effects of globalisation in india globalization and trade

Which of the following is a private sector bank based in India?

  1. Yes Bank

  2. Loyds Banking Group

  3. Lehman Brothers

  4. Royal Bank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Yes bank limited was founded by Rana Kapoor and Ashok Kapur in 2004. It is India's fourth largest private sector bank that operates as a corporate bank with retail banking and asset management as corporate functions. 

Multiple choice geography crafts and industries development of industries in india traditional crafts and decline of indian industries impact of british rule on kerala

Which of the following was the first private bank in Kerala?

  1. Bank of Travancore

  2. Nedungadi Bank

  3. Imperial Bank

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

Rao Bahadur T.M. Appu Nedungadi  established Nedungadi Bank in 1899 in Calicut, Kerala. It was the first private bank in not just Kerala but the whole South India. The bank was incorporated in 1913. 

Over long time, it opened 174 branches, some in Metropolitan cities of India too. Punjab National Bank took over Nedungadi in 2003.

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

Which of the following organisations has been established mainly to promote micro, small and medium industrial sector in India?

  1. NABARD

  2. SIDBI

  3. IDBI Bank

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

SIDBI (Small Industries Development Bank of India) is the principal financial institution specifically established to promote and finance the MSME sector.

Multiple choice commerce securities exchange board of india (sebi) objectives of sebi significance, functions of stock exchange, bse & nse stock exchanges functions of sebi sebi securities and exchange board of india (sebi)

Identify the promoter(s) of OTCEI from the following.

  1. SBI Capital Markets Ltd.

  2. IFCI

  3. IDBI

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Promoter of OTCEI are :-a) SBI Capital Markets Ltd.
b) IFCI
c) IDBI
The OTCEI is a company incorporated under the Companies Act 1956. OTCEI was set up to provide small and medium companies an access to capital market for raising finance.  OCTCEI is advantageous to the company because it provides methods of raising funds through capital market instruments which are priced fairly.