Banking Financial Awareness ยท 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

Who founded the Centre for Financial Mathematics?

  1. The Reserve Bank of India

  2. The Securities and Exchange Board of India

  3. The Indian Institute of Technology, Bombay

  4. The University of Mumbai
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Centre for Financial Mathematics was founded by the Reserve Bank of India in 2008.

Multiple choice

Which coin was introduced in British India in 1835?

  1. Rupee

  2. Mohur

  3. Anna

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

The rupee was introduced in British India in 1835 as the standard currency.

Multiple choice

Which coin was the largest denomination coin in British India?

  1. Rupee

  2. Mohur

  3. Anna

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

The mohur was the largest denomination coin in British India.

Multiple choice

Which is the central bank of India?

  1. Reserve Bank of India

  2. State Bank of India

  3. Bank of India

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

The Reserve Bank of India is the central bank of India.

Multiple choice

Which is the largest private sector bank in India?

  1. HDFC Bank

  2. ICICI Bank

  3. Axis Bank

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

HDFC Bank is the largest private sector bank in India.

Multiple choice

Which is the largest public sector bank in India?

  1. State Bank of India

  2. Bank of Baroda

  3. Punjab National Bank

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

State Bank of India is the largest public sector bank in India.

Multiple choice

Which bank has been designated as the nodal bank for the Renewable Energy Development Fund (REDF)?

  1. State Bank of India (SBI)

  2. Punjab National Bank (PNB)

  3. Canara Bank

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

State Bank of India (SBI) has been designated as the nodal bank for the Renewable Energy Development Fund (REDF).

Multiple choice

What is the name of the Indian financial institution that was established in 1955 to promote financial literacy and inclusion?

  1. Reserve Bank of India

  2. National Bank for Agriculture and Rural Development

  3. National Institute of Bank Management

  4. National Centre for Financial Education
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The National Centre for Financial Education (NCFE) was established in 2005 as an initiative of the Reserve Bank of India to promote financial literacy and inclusion in India. It aims to equip individuals with the knowledge, skills, and attitudes necessary to make informed financial decisions.

Multiple choice

Which Indian bank is known for its focus on financial inclusion and rural banking?

  1. State Bank of India

  2. HDFC Bank

  3. ICICI Bank

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

State Bank of India (SBI) is the largest commercial bank in India and is known for its focus on financial inclusion and rural banking. SBI has a vast network of branches and ATMs across the country, including in remote and rural areas. The bank offers a wide range of financial products and services, including savings accounts, loans, and insurance.

Multiple choice

Which institution was established under the National Bank for Agriculture and Rural Development Act, 1981?

  1. National Bank for Agriculture and Rural Development (NABARD)

  2. Reserve Bank of India (RBI)

  3. Agricultural Finance Corporation (AFC)

  4. National Cooperative Development Corporation (NCDC)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The National Bank for Agriculture and Rural Development (NABARD) was established under the National Bank for Agriculture and Rural Development Act, 1981.

Multiple choice

What is the role of NABARD in promoting rural development and agriculture?

  1. Providing financial assistance to rural infrastructure projects

  2. Promoting rural industries and handicrafts

  3. Developing rural marketing infrastructure

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

NABARD plays a crucial role in promoting rural development and agriculture by providing financial assistance to rural infrastructure projects, promoting rural industries and handicrafts, and developing rural marketing infrastructure.

Multiple choice

What is the authorized capital of NABARD?

  1. Rs. 5,000 crore

  2. Rs. 10,000 crore

  3. Rs. 15,000 crore

  4. Rs. 20,000 crore
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The authorized capital of NABARD is Rs. 5,000 crore.

Multiple choice

Which company is the official banking partner of the ICC Men's T20 World Cup?

  1. HSBC

  2. Standard Chartered

  3. Citibank

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

HSBC is the official banking partner of the ICC Men's T20 World Cup.