Basic Banking Awareness 100 MCQs

by Mr. DJ

If you ally craving such a referred banking awareness mcq book that will have the … Basic/Banking awareness is a part 100 random MCQs
21.Who was the Prime Minister of India when Banking Nationalization was done in 1969?

[A] Jawahar Lal Nehru
[B] Indira Gandhi
[C] Rajiv Gandhi
[D] Narsimha Rao


Correct Answer: B [Indira Gandhi]

Indira Gandhi was the Prime Minister of India when the first round of Banking Nationalization was done in 1969.

22.When was ICICI bank founded?

[A] 1991
[B] 1992
[C] 1993
[D] 1994


Correct Answer: D [1994]

ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as a wholly owned subsidiary in 1994.

23.Which of these is also called as Committee on Capital Account Convertibility?

[A] Tarapore Committee
[B] Rangarajan Committee
[C] N N Vohra Committee
[D] Indrajit Committee


Correct Answer: A [Tarapore Committee]

Committee on Capital Account Convertibility, commonly known as the Tarapore Committee. ,was a committee formed by the Reserve Bank of India to study the feasibility of capital account convertibility in India. It submitted its final report in 1997.

24.How many Public Sector banks are there in India presently?

[A] 18
[B] 19
[C] 22
[D] 21


Correct Answer: A [18]

There are a total of 18 Public Sector Banks in India at present. It includes 1 state-owned Payments Bank in India i.e. India Post Payment Bank.

25.Which public sector bank had the account of the famous Jalianwala Bagh Committee?

[A] State bank of India
[B] Central Bank of India
[C] Punjab National Bank
[D] Bank of India


Correct Answer: C [Punjab National Bank]

Punjab National Bank has had the privilege of maintaining accounts of national leaders such as Mahatma Gandhi, Jawahar Lal Nehru, Lal Bahadur Shastri, Indira Gandhi, as well as the account of the famous Jalianwala Bagh Committee.

26.Where is the headoffice of Indian Overseas Bank located?

[A] Chennai
[B] Madurai
[C] Gurgaon
[D] Patna


Correct Answer: A [Chennai]

Indian Overseas Bank (IOB) is a major public sector bank based in Chennai. It was setup in 1937 by Thiru.M. Ct. M. Chidambaram Chettya.

27.Which was the first Cooperative Bank established in India?

[A] Bharat Co-operative Bank Limited
[B] Kangra Central Co-operative Bank Limited
[C] Anyonya Co-operative Bank Limited
[D] Abhyudaya Co-operative Bank


Correct Answer: C [Anyonya Co-operative Bank Limited]

Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara in Gujarat, is the first co-operative bank in India. It was asked to stop most of its operation in 2007 by the Reserve Bank of India.

28.In which year the Regional Rural Banks Act was passed?

[A] 1986
[B] 1976
[C] 1992
[D] 1988


Correct Answer: B [1976]

Regional Rural Banks Act was passed in 1976 which aimed to set up RRBs to provide sufficient banking and credit facility for agriculture and other rural sectors.

29.Which of these was the first RRB to be set up in India?

[A] Gaur Gramin Bank
[B] Prathama Bank
[C] Arunachal Pradesh Rural Bank
[D] Himachal Gramin Bank


Correct Answer: B [Prathama Bank]

The development process of RRBs started on 2nd October,1975,Gandhi Jayanti with the forming of the first RRB, the Prathama Bank(U.P.), with authorised capital of ₹5 crore at its inception.

30.Which international organisation helped in setting up of ICICI in 1955?

[A] World Bank
[D] None of the above


Correct Answer: A [World Bank]

ICICI or Industrial Credit and Investment Corporation of India was formed in 1955 as a joint-venture of the World Bank, India’s public-sector banks and public-sector insurance companies to provide project financing to Indian industry.

Also Read :-Cash Reserve Ratio (CRR)

You may also like

Leave a Comment