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BANK | G.A | MCQ’s Indian Banking Industry

mcqs Indian banking industry
Written by SarkariNotes

Hello friends, how are you all? I hope you all are fine. As mentioned in yesterday’s post, today we  MCQs Indian banking industry will take up some multiple choice questions related to the topic we discussed earlier.

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Explore About-: BANK || G.A || Indian Banking Industries (THEORY)


MULTIPLE CHOICE QUESTIONS

1. What was the name of India’s first bank?

 (A) BANK OF BHARAT
(B) BANK OF INDIA
(C) BANK OF HINDUSTAN
(D) BANK OF ASIA
(E) BANK OF BARODA           
                                                             

Answer
C

 

2. Which of the following is true regarding Presidency Banks in India?

(A)Bank of Bengal, Bank of Bombay, Bank of Madras
(B)These banks are also called QUASI banks
(C)Imperial Bank of India was set up by merging presidency banks
(D)These banks are the first in India
(E)These banks were nationalized on 1st January 1949

Answer
1

 

(1)A and B are true
(2)A,B,C are correct
(3)A,B,C,E are correct
(4)All options are correct
(5)No option is correct

Answer
2

3. The banking system in India follows which act?

(A)Indian Companies Act, 1949
(B)Negotiable Instruments Act, 1881
(C)SBI Act, 1955
(D)Banks Nationalisation Act, 1969
(E)None of these

Answer
E

4. Before the establishment of the Reserve Bank of India, who had been handed over the charge of exchange of control?

(A) Allahabad Bank
(B) Imperial Bank of India
(C) Punjab National Bank
(D) General Bank of India
(E) None of the above

Answer
B

5. When was SBI formed?

(A) 1955
(B) 1956
(C) 1957
(D) 1958
(E) 1959

Answer
A

MCQ’s Indian Banking Industry

6. When was RBI nationalised?

(A) 1 January 1949
(B) 1 January 1950
(C) 1 January 1951
(D) 1 January 1952
(E) None of these

Answer
A

7. The central bank’s first headquarters was established?

(A) Bombay
(B) Madras
(C) Calcutta
(D) Bangalore
(E) Bhopal

Answer
E

8. Which of the following public sector banks has the largest number of branches in foreign countries?

(A) Bank of India
(B) State Bank of India
(C) Punjab National Bank
(D) Corporation Bank
(E) None of these

Answer
B

9. The only merger of two public sector banks took place between?

(A)Bank of India and New Bank of India
(B)Punjab National Bank and New Bank of India
(C)Allahabad Bank and United Bank Of India
(D)Punjab National Bank and Bank of Rajasthan
(E)None of these

Answer
B

10. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

(A)Bank of Maharashtra
(B)Bank of Baroda
(C)State Bank of Saurashtra
(D)Union Bank of India
(E)None of these

Answer
D

DISCUSSION

Below we just prepared 10 MCQ questions from the topic HISTORICAL BACKGROUND OF BANKS IN INDIA. In the next post we will study about the next topic that comes under the Indian Banking Industries that is MEANING AND TYPES OF BANKS.

So, that’s it for today. See you guys in the next class.
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