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.

Bank taglinesBank mergersRBI regulationsFinancial institutions historyBanking licenses

Banking Institutions and History Questions

Multiple choice

What is the name of RBI's program to promote digital payments?

  1. Digital India

  2. Bharat Interface for Money (BHIM)

  3. Unified Payments Interface (UPI)

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

Bharat Interface for Money (BHIM) is RBI's program to promote digital payments among the general public.

Multiple choice

Which of the following is a major investment bank that has invested in blockchain technology?

  1. Goldman Sachs

  2. JPMorgan Chase

  3. Morgan Stanley

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

Goldman Sachs is a major investment bank that has invested in blockchain technology, and has developed its own blockchain platform called GS Blockchain.

Multiple choice

Which organization provides credit guarantee to banks and financial institutions for loans given to micro and small enterprises?

  1. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

  2. National Credit Guarantee Agency (NCGA)

  3. Small Industries Development Bank of India (SIDBI)

  4. National Bank for Agriculture and Rural Development (NABARD)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides credit guarantee to banks and financial institutions for loans given to micro and small enterprises, including those pursuing vocational courses.

Multiple choice

What is the name of the index developed by Dr. Urjit Patel to measure the financial resilience of Indian banks?

  1. Patel Financial Resilience Index

  2. Patel-Mohan Financial Resilience Index

  3. Patel-Gokarn Financial Resilience Index

  4. Patel-Acharya Financial Resilience Index
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Dr. Urjit Patel, a former Governor of the Reserve Bank of India, developed the Patel Financial Resilience Index to measure the financial resilience of Indian banks. The index considers factors such as capital adequacy, asset quality, and profitability.

Multiple choice

What is the name of the index developed by Dr. Subir Gokarn to measure the financial development of Indian states?

  1. Gokarn Financial Development Index

  2. Gokarn-Mohan Financial Development Index

  3. Gokarn-Patel Financial Development Index

  4. Gokarn-Acharya Financial Development Index
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Dr. Subir Gokarn, a former Deputy Governor of the Reserve Bank of India, developed the Gokarn Financial Development Index to measure the financial development of Indian states. The index considers factors such as banking penetration, credit availability, and insurance coverage.

Multiple choice

What is the name of the central bank of India?

  1. Reserve Bank of India

  2. State Bank of India

  3. National Bank of India

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

The Reserve Bank of India (RBI) is the central bank of India. It is responsible for regulating the country's monetary policy and managing the country's foreign exchange reserves.

Multiple choice

Which coaching institute is popular for its bank exam coaching?

  1. SBI PO Coaching

  2. IBPS PO Coaching

  3. Bankersadda

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

SBI PO Coaching is popular for its bank exam coaching. It has a network of centers across India and has produced several top rankers in bank exams.

Multiple choice

What is the name of India's largest private sector bank?

  1. HDFC Bank

  2. ICICI Bank

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

HDFC Bank is the largest private sector bank in India by assets.

Multiple choice

What is the name of India's central bank?

  1. Reserve Bank of India (RBI)

  2. State Bank of India (SBI)

  3. National Bank for Agriculture and Rural Development (NABARD)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Reserve Bank of India (RBI) is the central bank of India, responsible for regulating the country's monetary policy.

Multiple choice

What is the official name of the People's Bank of China in Chinese?

  1. 中国人民银行

  2. 中国银行

  3. 中国建设银行

  4. 中国工商银行
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The official name of the People's Bank of China in Chinese is 中国人民银行 (Zhōngguó Rénmín Yínháng).

Multiple choice

Which of the following is an example of an international financial institution (IFI)?

  1. The World Bank

  2. The International Monetary Fund

  3. The Bank for International Settlements

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

IFIs are established to provide financial assistance to developing countries and promote economic growth and development. The World Bank is an example of an IFI that provides loans and grants to developing countries.

Multiple choice

Which coaching institute is known for its banking exam preparation?

  1. SBI PO Coaching Centre

  2. IBPS Academy

  3. Bankersadda

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

SBI PO Coaching Centre is one of the leading coaching institutes in India for banking exam preparation.