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.

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Banking Institutions and History Questions

Multiple choice history industrial sector growth of banks in india nationalisation and privatisation of banks private sector anddifference between public and private sector

Prior to 1955 SBI was known as ______.

  1. Important Bank of India

  2. Central Bank of India

  3. Imperial Bank of India

  4. Indigenous Bank of India
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The State Bank of India (SBI) was formed by the nationalization of the Imperial Bank of India in 1955. The other options are incorrect as they do not represent the predecessor institution.

Multiple choice history industrial sector growth of banks in india nationalisation and privatisation of banks private sector anddifference between public and private sector

Industrial Investment Bank of India was initially set up as _____  during 1971.

  1. Industrial Reconstruction Corporation Ltd.

  2. Indian Reconstruction Bank Ltd.

  3. Industrial Reconstruction Bank of India

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

The Industrial Investment Bank of India was originally established in 1971 as the Industrial Reconstruction Corporation of India (IRCI) to assist sick industrial units.

Multiple choice history industrial sector growth of banks in india nationalisation and privatisation of banks private sector anddifference between public and private sector

Before nationalisation, Commercial Banks in India were having their branches in _________.

  1. urban areas

  2. rural areas

  3. semi-urban areas

  4. all of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Prior to nationalization, private commercial banks were heavily concentrated in urban areas where industrial and commercial activity was highest, leading to a lack of banking services in rural regions.

Multiple choice commercial studies concept of market and marketer meaning and importance of marketing meaning and definition of market introduction to marketing marketing environment meaning and definition of marketer role of marketing

Which one of the following is the apex institution in finance sector of India?

  1. IDBI

  2. NABARD

  3. NHB

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

The Reserve Bank of India (RBI) is the central bank and the apex monetary authority, overseeing the entire financial sector in India.

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.