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.

Bank taglinesBank mergersRBI regulationsFinancial institutions historyBanking licenses

Banking Institutions and History Questions

Multiple choice

Which Indian bank partnered with the Board of Control for Cricket in India (BCCI) in 2019, becoming the official sponsor of the Indian cricket team?

  1. State Bank of India

  2. HDFC Bank

  3. ICICI Bank

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

Paytm, a digital payments company, secured the title sponsorship rights for the Indian cricket team in 2019, marking a major milestone in its association with the sport.

Multiple choice

Which financial institution in India plays a significant role in providing long-term financing for manufacturing projects?

  1. Reserve Bank of India

  2. State Bank of India

  3. Industrial Development Bank of India

  4. National Bank for Agriculture and Rural Development
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Industrial Development Bank of India (IDBI) is a specialized financial institution that provides long-term financing and other financial services to industries, including manufacturing projects.

Multiple choice

Who was the first woman to serve as the CEO of a major U.S. bank?

  1. Jamie Dimon

  2. Lloyd Blankfein

  3. Vikram Pandit

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

Anne Mulcahy was the first woman to serve as the CEO of a major U.S. bank. She was the CEO of Xerox from 2001 to 2009.

Multiple choice

What is the name of the European Investment Bank?

  1. European Investment Bank (EIB)

  2. World Bank

  3. International Monetary Fund (IMF)

  4. Asian Development Bank (ADB)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The European Investment Bank (EIB) is the lending arm of the European Union.

Multiple choice

What is the name of the commemorative coin issued by the Reserve Bank of India to mark the 50th anniversary of India's independence?

  1. Golden Jubilee Coin

  2. Silver Jubilee Coin

  3. Platinum Jubilee Coin

  4. Diamond Jubilee Coin
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Golden Jubilee Coin was issued by the Reserve Bank of India to mark the 50th anniversary of India's independence.

Multiple choice

Which of the following is not a type of banking company under the Banking Regulation Act, 1949?

  1. Scheduled bank

  2. Non-scheduled bank

  3. Cooperative bank

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

Cooperative banks are not covered under the Banking Regulation Act, 1949.

Multiple choice

Which Indian bank has the largest presence in Africa?

  1. State Bank of India

  2. ICICI Bank

  3. HDFC Bank

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

State Bank of India has the largest presence in Africa.

Multiple choice

Which committee recommended the introduction of the concept of 'Universal Banking' in India?

  1. Narasimham Committee

  2. Rangarajan Committee

  3. Chakravarty Committee

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

The Narasimham Committee, headed by Shri M. Narasimham, recommended the introduction of Universal Banking in its report submitted in 1991.

Multiple choice

What is the name of the committee that suggested reforms in the Indian banking sector in the wake of the 1991 economic crisis?

  1. Narasimham Committee

  2. Rangarajan Committee

  3. Chakravarty Committee

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

The Narasimham Committee, headed by Shri M. Narasimham, was constituted in 1991 to suggest reforms in the Indian banking sector.

Multiple choice

Which committee recommended the establishment of the National Housing Bank (NHB)?

  1. Narasimham Committee

  2. Rangarajan Committee

  3. Chakravarty Committee

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

The Chakravarty Committee, headed by Prof. S.S. Chakravarty, recommended the establishment of NHB in its report submitted in 1982.

Multiple choice

Which committee recommended the introduction of the concept of 'Financial Inclusion' in India?

  1. Narasimham Committee

  2. Rangarajan Committee

  3. Chakravarty Committee

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

The Rangarajan Committee, headed by Shri C. Rangarajan, recommended the introduction of Financial Inclusion in its report submitted in 2008.

Multiple choice

Which committee recommended the introduction of the concept of 'Responsible Banking' in India?

  1. Narasimham Committee

  2. Rangarajan Committee

  3. Chakravarty Committee

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

The Jalan Committee, headed by Shri Bimal Jalan, recommended the introduction of Responsible Banking in its report submitted in 2014.

Multiple choice

Which country implemented a successful microfinance program that provided financial services to the poor and unbanked?

  1. Bangladesh

  2. India

  3. Pakistan

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

Bangladesh's Grameen Bank, founded by Muhammad Yunus, pioneered microfinance by providing small loans to the poor, particularly women, enabling them to start businesses and improve their livelihoods.

Multiple choice

What is the name of the ancient Indian system of money lending that involved the use of promissory notes?

  1. Hundis

  2. Benamis

  3. Chit Funds

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

Hundis were a form of promissory notes used in ancient India for money lending and credit transactions.

Multiple choice

What is the name of the first Indian-owned bank established in India?

  1. Bank of India

  2. State Bank of India

  3. Punjab National Bank

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

Bank of India was the first Indian-owned bank established in India in 1906.