[Banking MCQs, Commercial Banking in India MCQs, Multiple Choice Questions and Answers, MCQs, Indian Banking System MCQs]
Banking MCQs
Multiple Choice Questions and Answers
Unit – 1: Commercial Banking in India MCQs
1. Name the first modern bank of India
and the world.
Ans: First modern bank of India: Bank
of Hindustan – 1770.
2.
Name the first modern bank of the world.
Ans:
First bank of the world: Banca Monte dei Paschi di Siena – 1397.
3. Which one the following is not a
presidency bank?
a) The Bank of Calcutta Founded in 1806 but renamed as The Bank of
Bengal in 1809.
b) The Bank of Bombay (1840) and
c) The Bank of Madras (1843).
d)
All of the above.
4. The Bank of Calcutta was renamed
as:
a) SBI
b) RBI
c)
Bank of Bengal
d) Bank of Hindustan
Hint: The Bank of Calcutta Founded in 1806 but renamed as The Bank
of Bengal in 1809.
5. In which year the Imperial Bank of
India Act was passed?
a) 1875
b)
1920
c) 1947
d) 1955
Hint: The Imperial Bank of India Act was passed in 1920. It comes
into existence on 27th January 1921.
6. What was the previous name of SBI?
a) Reserve Bank of India
b)
Imperial Bank of India
c) Bank of Bombay
d) Bank of Hindustan
7. In which year the Imperial Bank of
India was nationalized?
a) July 1, 1875
b) July 1, 1920
c) July 1, 1947
d)
July 1, 1955
Hint: On July 1, 1955 and it is renamed as State Bank of India.
SBI is now the biggest commercial bank of India.
8. The
State Bank of Bikaner and the State Bank of Jaipur merged into one in the year:
a) 1947
b) 1955
c) 1971
d) 1963
9. State
Bank of Saurashtra was merged with the State Bank of India in the year:
a) 1955
b) 1971
c) 1963
d) 2008
10. In
which year, Banking Regulation Act was passed?
a) 1949
b) 1955
c) 1963
d) 2008
11. In which year fourteen Indian
Commercial Banks were nationalized?
a) July 1, 1955
b) July 19, 1969
c) April 15, 1980
d) April’ 1993
12. In 1980 how many banks were nationalized?
a) 14
b)
6
c) 1
d) 12
Hint: On 19th July, 1969 14 commercial banks were
nationalized. In 1980, 6 more banks are nationalized. In Sept 1993, the New
Bank was merged with the Punjab National Bank. So, at present there are 19
nationalised banks.
13. Can banking be treated as an industry?
a)
Yes
b) No
Hint: Banking is an industry because it handles cash, credit and
other important financial instruments. It also creates money by providing
loans. It also gives employment.
14. Commercial banking creates money
by way of:
a) Investing
b) Note issue
c)
Providing Loans
d) CRR and SLR
15. In which year the Lead Bank Scheme
introduce?
a) 1949
b) 1955
c) 1963
d) 1969
16. How many public sector banks in India
after merger?
a) 27
b) 12
c) 22
d) 36
Hint: List of Public Sector Banks and Private Sector Banks in
India
17. How many private sectors bank in
India after merger?
a) 27
b) 12
c) 22
d) 36
Hint: List of Public Sector Banks and Private Sector Banks in
India
18. How many foreign banks in India?
a) 27
b) 12
c) 36
d) 44
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Also Read:
1. HS 12 Banking Chapter wise Notes
2. AHSEC Class 12 Banking Question Papers From 2012 Till Date
3. AHSEC Class 12 Banking Solved Question Papers From 2012 Till Date
4. Banking Chapter wise MCQs
5. Class 12 Banking Important Questions and Question Bank
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Hint: List of Public Sector Banks and Private Sector Banks in
India
19. In which schedule of RBI Act, the
scheduled Banks is listed?
a) First Schedule
b) Second Schedule
b) Third Schedule
d) Fourth Schedule
20.
When Punjab National Bank was formed?
a) 1894
b) 1921
c) 1955
d) 1969
Hint: PNB was formed in the year 1984 by Dyal Singh Majithia and Lala Lajpat Rai in Lahore – Pakistan.
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