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

Which of the follwing is a Presidency Bank?

  1. Hindustan Bank

  2. Bank of Bombay

  3. Bank of Baroda

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

The three Presidency Banks were Bank of Bengal, Bank of Bombay, and Bank of Madras, established by the British East India Company. Bank of Baroda and Bank of Mysore were founded later by Indian princes, while Hindustan Bank predated the Presidency system.

Multiple choice

Which of the following is/are Commercial Banks?

  1. Private sector banks

  2. Public sector banks

  3. Regional rural banks

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

Commercial banks encompass a wide range of institutions, including private sector, public sector, and regional rural banks, all of which accept deposits and provide loans.

Multiple choice

Find out the odd one.

  1. Bank of Bengal

  2. Bank of Baroda

  3. Bank of Bombay

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

The Bank of Bengal, Bank of Bombay, and Bank of Madras were the three Presidency Banks. The Bank of Baroda is a different commercial bank.

Multiple choice

What encouraged the rise of the banking system in India?

  1. Asoka's edicts

  2. wealthy landowners

  3. increased trade

  4. Chrandra's debits
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The dramatic expansion of domestic and international trade, especially along the Silk Road, led to the rise of banking in India. Merchants needed loans to finance their long voyages, and bankers charged interest on these loans, establishing a formal financial system.

Multiple choice business organisation capital market concept of financial market introduction to financial markets meaning and definition of financial market

Which is India's largest private sector bank ___________.

  1. Axis Bank

  2. SBI

  3. ICICI Bank

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

Axis Bank is India's largest private sector bank. Axis Bank provides spectrum of financial services including personal and corporate banking. It is famous for providing credit cards facility worldwide. The head office of Axis Bank is situated in Mumbai, Mahashtra.

Multiple choice business organisation capital market concept of financial market introduction to financial markets meaning and definition of financial market

Which banking company is known worldwide for its credit cards _______________.

  1. Axis Bank

  2. ICICI Bank

  3. HDFC Bank

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

Axis Bank is known worldwide for its credit cards. Axis Bank is the third largest private sector bank in India. It offers a spectrum of financial serivces for personal and corporate banking. Head office of Axis Bank is situated in Mumbai.

Multiple choice business organisation capital market concept of financial market introduction to financial markets meaning and definition of financial market

Which of the following is the banker's bank _________.

  1. SIDBI

  2. EXIM bank

  3. IDBI

  4. RBI
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
In India, Reserve Bank Of India or RBI is known as the banker's bank. It is so called because it acts as a bank for all the commercial banks in India. RBI holds their cash reserves, lends them short -term funds and provides them the central clearing and remittances facilities.
Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

Industrial banks are also known as___________.

  1. NABARD

  2. RRB's

  3. Morris bank

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

Just as investment banks, industrial banks sell certificates that are labelled as investment share. This helps public to invest in such bonds and certificates through industrial banks. Hence, Industrial banks are also known as investment banks.