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

What is the name of the token coin issued by the Reserve Bank of India to commemorate the 50th anniversary of Indian Independence?

  1. The Golden Jubilee Medal

  2. The Independence Day Medal

  3. The Republic Day Medal

  4. The Gandhi Jayanti Medal
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Golden Jubilee Medal was issued by the Reserve Bank of India to commemorate the 50th anniversary of Indian Independence.

Multiple choice

What is the name of the token coin issued by the Reserve Bank of India to commemorate the 100th anniversary of the Mahatma Gandhi's birth?

  1. The Gandhi Centenary Medal

  2. The Independence Day Medal

  3. The Republic Day Medal

  4. The Gandhi Jayanti Medal
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Gandhi Centenary Medal was issued by the Reserve Bank of India to commemorate the 100th anniversary of the Mahatma Gandhi's birth.

Multiple choice

What is the name of the token coin issued by the Reserve Bank of India to commemorate the 200th anniversary of the Battle of Plassey?

  1. The Plassey Bicentennial Medal

  2. The Independence Day Medal

  3. The Republic Day Medal

  4. The Gandhi Jayanti Medal
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Plassey Bicentennial Medal was issued by the Reserve Bank of India to commemorate the 200th anniversary of the Battle of Plassey.

Multiple choice

Who is considered the father of Indian banking?

  1. Dadabhai Naoroji

  2. Gopal Krishna Gokhale

  3. Bal Gangadhar Tilak

  4. Lala Lajpat Rai
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Dadabhai Naoroji is considered the father of Indian banking for his contributions to the establishment of the Indian National Bank in 1893.

Multiple choice

When was the first paper money issued in India?

  1. 1770

  2. 1861

  3. 1917

  4. 1947
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The first paper money in India was issued by the Bank of Bengal in 1861.

Multiple choice

What was the name of the first paper money issued in India?

  1. Rupee Note

  2. Government of India Note

  3. Reserve Bank of India Note

  4. One Rupee Note
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The first paper money issued in India was called the Government of India Note.

Multiple choice

What is the name of the current series of Indian paper money?

  1. Mahatma Gandhi Series

  2. Jawaharlal Nehru Series

  3. Indira Gandhi Series

  4. Rajiv Gandhi Series
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The current series of Indian paper money is called the Mahatma Gandhi Series.

Multiple choice

What is the most common source of black money in India?

  1. Tax evasion

  2. Smuggling

  3. Hawala transactions

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

Tax evasion is the most common source of black money in India. It involves individuals or businesses intentionally failing to report all of their income to the government in order to avoid paying taxes.

Multiple choice

Which of the following is not a major public sector bank in India?

  1. State Bank of India

  2. Punjab National Bank

  3. Axis Bank

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

Axis Bank is a private sector bank in India, while State Bank of India, Punjab National Bank, and Bank of Baroda are major public sector banks.

Multiple choice

Which of the following is NOT a type of regulatory sandbox for fintech companies in India?

  1. Reserve Bank Innovation Hub (RBIH)

  2. International Financial Services Centres Authority (IFSCA)

  3. National Payments Corporation of India (NPCI)

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

NPCI is not a regulatory sandbox for fintech companies in India.

Multiple choice

What is the name of the institution responsible for minting coins in India?

  1. Reserve Bank of India

  2. Ministry of Finance

  3. Government of India Mint

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

The Government of India Mint is responsible for minting coins in India.

Multiple choice

Which Indian financial institution is known for its pioneering work in the field of microfinance?

  1. State Bank of India

  2. HDFC Bank

  3. ICICI Bank

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

Grameen Koota is a microfinance institution based in Karnataka, India. It is known for its innovative approaches to providing financial services to the poor and marginalized.

Multiple choice

Which Indian financial institution is known for its innovative work in the field of green finance?

  1. State Bank of India

  2. HDFC Bank

  3. ICICI Bank

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

Yes Bank is known for its pioneering work in the field of green finance. The bank has developed a number of innovative products and services to promote sustainable investing and lending.

Multiple choice

Which Indian financial institution is known for its pioneering work in the field of financial inclusion?

  1. State Bank of India

  2. HDFC Bank

  3. ICICI Bank

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

Bandhan Bank is known for its pioneering work in the field of financial inclusion. The bank has developed a number of innovative products and services to reach the unbanked and underbanked population in India.

Multiple choice

Which of the following is NOT a major international organization that provides financial assistance for infrastructure projects in India?

  1. World Bank

  2. Asian Development Bank

  3. International Monetary Fund

  4. New Development Bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

International Monetary Fund is not a major international organization that provides financial assistance for infrastructure projects in India. The major organizations are World Bank, Asian Development Bank, and New Development Bank.