1. Mention the names of the Presidency
Banks?
Ans: (i) The Bank of Bengal (1809). (ii) The Bank of Bombay (1840)
and (iii) The Bank of Madras (1843).
2. In which year the Imperial Bank of
India Act was passed?
Ans: The Imperial Bank of India Act was passed in 1920.
3. In which year the Imperial Bank of
India came into existence?
Ans: On 27th January 1921.
4. In which year the Imperial Bank of
India was nationalized?
Ans: On July 1, 1955.
5. In which year the RBI act was
passed?
Ans: The RBI act was passed in 1934.
6. In which year RBI came into
existence?
Ans: The RBI came into existence on April 1935.
7. In which year the RBI nationalized?
Ans: The RBI was nationalized under the Reserve Bank (Transfer to
public ownership) act 1948, on January 1, 1949.
8. How many members are there in the
Central Board of the director of the RBI?
Ans: 20
9. How many local Boards are there in
the organizations structures of RBI?
Ans: Four
10. Who appointed the Government of
RBI?
Ans: The Central Government.
11. The banking Regulation Act was passed in
the year 1949. (Fill in the
gap)
12. What
do you mean by Barter system?
Ans: The system in which goods are exchanged
for goods is known as Barter System. It is a system in which goods and services
are exchanged without the use of money.
13. State
a characteristic of inflation.
Ans: Increase
in prices: Inflation is a process of uninterrupted increase in prices. It is
always accompanied by persistent rise in price level.
14. RRBs
were started in the year 1967 / 1975 / 1976. (Choose the correct answer)
Ans: 1975
15. In
which year Co-operative Credit System was introduced?
Ans: 1990
16. Who is
authorised to issue notes in India?
Ans: RBI
17. Write
the full form of ATM.
Ans: Automatic Teller Machine
18. Write
the name of the Central Bank of our country.
Ans: Reserve Bank of India
19. In
which year ‘Central Bank’ in India was established?
Ans: 1935
20. The
‘Imperial Bank of India Act’ was passed in ____. (Fill in the blank)
Ans: 1920
21. What
is inflation?
Ans:
Ans:
Inflation simply means a continuous increase in general price level. It can be
described as a decline in the real value of money.
22. State
the meaning of e-banking.
Ans: The banking services that are provided by a bank through network of computers or internet service to the customers for performing banking transactions in a better way is known as E-Banking.
23. What
is Investment Bank?
Ans: Investment Banks: Investment Banks are those banks which are specialized in provide medium and long term financial assistance to business and industry. They are also known as Industrial Banks as they are mainly concerned with industrial finance.
24. Write
the full form of NABARD.
Ans: National Bank for Agriculture and Rural Development
25. All
the ATMs are open for 12/18/24 hours. (Choose the correct answer)
Ans: 24 hours
26. Explain
who is a minor.
Ans: Ans: A person who has not attained or completed the age of 18 years is known as Minor. A Minor is not capable of entering into a valid contract and a contract entered into by a minor is void.
27.In
which year were the Presidency Banks of India amalgamated?
Ans: 1921
28. The Banking Regulation Act was passed in the year 1949. [Fill in the blank]
29. What
is barter system?
Ans: The system in which goods are exchanged for goods is known as Barter System. It is a system in which goods and services are exchanged without the use of money.
30. State
a characteristic of inflation.
Ans:
Increase
in prices: Inflation is a process of uninterrupted increase in prices. It is
always accompanied by persistent rise in price level.
31. Write
the full form of ATM.
Ans: Automatic Teller Machine
32. Who
is a bank customer?
Ans: A person or an institution or corporate body that opens an account in a Bank and undertakes banking services with the Banker is known as Customer of a Bank or Bank’s customer.
33. Overdraft
facility can be availed in current/savings/fixed deposit account. [Choose the correct
answer]
34. Write
what is indigenous banker.
Ans: An individual or a firm accepting deposits, dealing in indigenous bill and leads money is known as Indigenous banker. Indigenous banks are the unorganized, unregulated, unsupervised and segmented banking institutions that have no link with the organized sector.
35. Who is authorized to issue notes in India?
Ans: RBI
36. Write the full form of ATM.
Ans: Automated Teller Machine
37. Write the name of the central bank of our country.
Ans: Reserve Bank of India
38. State a characteristic of inflation.
Ans:
Monetary
phenomenon: It is generally caused due to excessive money supply – overflow of
money and credit.
39. RRBs were started in the year 1967/1975/1976. (Choose the correct
answer)
Ans: 1975
40. In which year was the Cooperative Credit System introduced?
Ans: 1904
41. The Banking Regulation Act was passed in the year_______. (Fill in
the blank)
Ans: 1949
42. What do you mean by barter system?
Ans: Ans: The system in which goods are exchanged for goods is known as Barter System.
43. Fill in the blanks: 1x2=2
a) Reserve Bank of India was established on 1st April_______. 1935
b) Overdraft facility is given against the ________ Accounts only. Current account
44. Write full form of the following
abbreviations: 1x2=2
a) IDBI: Industrial Development Bank of India
b) ATM: Automated Teller Machine
45. Choose the correct answer from the
alternatives given below: 1x2=2
a) Which of the following departments is not considered as department of a bank -
1. Advance Department
2. Establishment Department
3.
Cultural Department
4. Cash & Clearing Department
b) Which system of Note Issue was
followed by the Reserve Bank of India till 1956?
1. Minimum Reserve System
2. Percentage Deposit System
3.
Proportional Reserve System
4. Upto Paid - up capital
46. Write ‘True’ or ‘False’ : 1x2=2
a) The customer is the main beneficiary of the Internet Banking. True
b) The presidency banks were established under the Charter of East India Company. True
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