BANKING AWARENESS MCQS PART 01

BANKING AWARENESS MCQS PART 01

1. 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

2. 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

3. Regional Rural Banks were established in the year:
A.1968           
B.1970           
C.1975           
D.1977

4. 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

5. 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

6. 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

7. 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

8. Which of the following is the name of the organization created specifically to develop small scale industrial sector in our country:
A.NABARD       
B.SEBI               
C.SIDBI       
D.AMFI

9. Which of the following organizations/agencies is specifically set up to boost overall rural development in India:
A.RBI       
B.SIDBI               
C.NABARD   
D.SEBI

10. Who is to certify that any bill is a Money Bill:
A.Finance Minister       
B.Speaker of Lok Sabha
C.Prime Minister       
D.None of the above

Answer Keys:
1.B
2.B
3.C
4.B
5.D
6.B
7.C
8.B
9.C
10.B