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Banking Awareness Practice Set 1

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Banking Awareness Practice Set 1

shape Introduction

Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank related employment exams have banking awareness questions along with general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies etc.
Banking Awareness Practice Set 1 article provides the list of several bank related questions to prepare aspirants of different competitive exams in India, primarily for banking related employment. The article Banking Awareness Practice Sets 1is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

shape Quiz

Q1. The Vedic word Kusidin refers to which of the following?
    A. A banker B. An usurer C. A farmer D. A trader

Answer: Option B
Q2. In which year, the rst bank of India "Bank of Hindustan" was established?
    A. 1870 B. 1770 C. 1795 D. 1880

Answer: Option B
Q3. Which among the following are the correct locations of three presidency banks during British India?
    A. Calcutta, Madras, Bombay B. Surat, Calcutta, Madras C. Surat, Madras, Bombay D. Bombay, Calcutta, Surat

Answer: Option A
Q4. Which of the following is the oldest Joint Stock bank of India?
    A. Allahabad Bank B. Bank of Baroda C. Patiala Bank D. Bank of India

Answer: Option A
Q5. At which of the following place, East India Company established its rst presidency bank?
    A. Madras B. Calcutta C. Bombay D. Surat

Answer: Option B
Q1. What was the name of State Bank of India (SBI) before it was created by SBI Act?
    A. Imperial Bank of Hindustan B. Imperial Bank of Bengal C. Imperial Bank of Madras D. Imperial Bank of India

Answer: Option D
Q2. Which among the following was the rst bank to open a branch on foreign soil?
    A. Bank of India B. State Bank of India C. Bank of Punjab D. Allahabad Bank

Answer: Option A
Q3. Which of the following was rst bank managed by Indians?
    A. Bank of Baroda B. Bank of India C. Punjab National Bank D. Central Bank of India

Answer: Option C
Q4. In which year, Paper Currency Act was enacted by British Government of India?
    A. 1850 B. 1861 C. 1870 D. 1858

Answer: Option B
Q5. Which was the rst bank to be wholly owned and run by Indians?
    A. Allahabad Bank B. Bank of Baroda C. Bank of India D. Central Bank of India

Answer: Option D
Q1. The Royal Commission on Indian Currency and Finance was also known as?
    A. Hilton-Young Commission B. Hartog Commission C. Muddiman Committee D. Buttler Commission

Answer: Option A
Q2. Original headquarters of RBI were located at ___?
    A. Calcutta B. Bombay C. Madras D. New Delhi

Answer: Option A
Q3. On which date, RBI started working?
    A. 1 January 1934 B. 1 January 1935 C. 1 April 1935 D. 31 March 1934

Answer: Option C
Q4. In which year, Nationalization of Reserve Bank of India was done?
    A. 1947 B. 1948 C. 1949 D. 1950

Answer: Option C
Q5. What was the initial share capital of Reserve Bank of India?
    A. Rs. 5 Crore B. Rs.10 Crore C. Rs.15 Crore D. Rs. 20 Crore

Answer: Option A
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