Banking Quiz

1.The term “Licensed banks” means: 

A. Banks licensed to deal in foreign exchange business under the Foreign Exchange Regulation Act, 1973

B. Banks licensed to participate in the “Clearing house”

C. Foreign banks which are licensed to establish branch officers in India 

D. Banks licensed by the Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 for carrying on or commencing banking business in India 

2.When was the first commercial bank in India named ‘Hindustan Bank’ set up in Calcutta (now Kolkata): 

A. 1690

B. 1770

C. 1805 

D. 1890 

3.Modern commercial banking in India begins with the setting up of the first Presidency Bank, The Bank of Bengal in ………. In Calcutta (now Kolkata): 

A. 1790

B. 1806

C. 1825

D. 1910

4.Regional Rural Bank were established in the year: 

A. 1968

B. 1970

C. 1975

D. 1977

5.A commercial bank is prohibited from issuing a bank draft payable to bearer by the provisions contained in: 

A. The Negotiable Instruments Act, 1881

B. The Reserve Bank of India Act, 1934 

C. The Companies Act, 1956

D. The Banking Regulation Act, 1949 

6.Which of the following is a form of “Small Savings Bank” popular among the poor or children: 

A. Core Banking 

B. Credit Banking 

C. Debit Card 

D. Piggy Banking 

7.Which of the following terms is not used in the world of economics/finance: 

A. Sinking Fund 

B. Third World 

C. Open Door Policy 

D. Devaluation 

8.Which of the following organizations/agencies controls the monetary policy of our country: 

A. SEBI

B. Planning Commission 

C. RBI

D. Union Ministry of Finance 

9.Which of the following is the name of the organization set up to boost overall small finance in India: 

A. RBI

B. SIDBI

C. NABARD

D. SEBI

10.Which of the following organization/agencies is specifically set up to boost overall rural development in India: 

A. RBI

B. SIDBI

C. NABARD

D. SEBI