BANK | G.A | MCQ’s Indian Banking Industry

Hello friends, how are you all? I hope you all are fine. As mentioned in yesterday’s post, today we  MCQs Indian banking industry will take up some multiple choice questions related to the topic we discussed earlier.

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1. What was the name of India’s first bank?

(E) BANK OF BARODA           

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]C[/su_spoiler]

2. Which of the following is true regarding Presidency Banks in India?

(A)Bank of Bengal, Bank of Bombay, Bank of Madras
(B)These banks are also called QUASI banks
(C)Imperial Bank of India was set up by merging presidency banks
(D)These banks are the first in India
(E)These banks were nationalized on 1st January 1949

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]1[/su_spoiler]

(1)A and B are true
(2)A,B,C are correct
(3)A,B,C,E are correct
(4)All options are correct
(5)No option is correct


[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]2[/su_spoiler]

3. The banking system in India follows which act?

(A)Indian Companies Act, 1949
(B)Negotiable Instruments Act, 1881
(C)SBI Act, 1955
(D)Banks Nationalisation Act, 1969
(E)None of these

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]E[/su_spoiler]

4. Before the establishment of the Reserve Bank of India, who had been handed over the charge of exchange of control?

(A) Allahabad Bank
(B) Imperial Bank of India
(C) Punjab National Bank
(D) General Bank of India
(E) None of the above

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]B[/su_spoiler]

5. When was SBI formed?

(A) 1955
(B) 1956
(C) 1957
(D) 1958
(E) 1959

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]A[/su_spoiler]

MCQ’s Indian Banking Industry

6. When was RBI nationalised?

(A) 1 January 1949
(B) 1 January 1950
(C) 1 January 1951
(D) 1 January 1952
(E) None of these

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]A[/su_spoiler]

7. The central bank’s first headquarters was established?

(A) Bombay
(B) Madras
(C) Calcutta
(D) Bangalore
(E) Bhopal

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]E[/su_spoiler]

8. Which of the following public sector banks has the largest number of branches in foreign countries?

(A) Bank of India
(B) State Bank of India
(C) Punjab National Bank
(D) Corporation Bank
(E) None of these

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]B[/su_spoiler]

9. The only merger of two public sector banks took place between?

(A)Bank of India and New Bank of India
(B)Punjab National Bank and New Bank of India
(C)Allahabad Bank and United Bank Of India
(D)Punjab National Bank and Bank of Rajasthan
(E)None of these

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]B[/su_spoiler]

10. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

(A)Bank of Maharashtra
(B)Bank of Baroda
(C)State Bank of Saurashtra
(D)Union Bank of India
(E)None of these

[su_spoiler title=”Answer” style=”fancy” icon=”arrow-circle-1″]D[/su_spoiler]


Below we just prepared 10 MCQ questions from the topic HISTORICAL BACKGROUND OF BANKS IN INDIA. In the next post we will study about the next topic that comes under the Indian Banking Industries that is MEANING AND TYPES OF BANKS.

So, that’s it for today. See you guys in the next class.
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