BANKING HISTORY QUIZ #1

1) “Bank of Hindustan”, the first bank of India was established in which year?

a) 1770

b) 1786

c) 1806

d) 1803

Ans: A

2) Which is the Oldest Joint Stock Bank of India?

a) Bank of India

b) Bank of Hindustan

c) Oudh Commercial  bank

d) Allahabad bank

Ans: D

3) What was the initial share capital of Reserve Bank of India (RBI)?

a) 1 crore

b) 5 crore

c) 10 crore

d) 15 crore

Ans: B

4) Which of the following is not a presidency bank?

a) Bank of Madras

b) Bank of Hindutsan

c) Bank of Bengal

d) Bank of Bombay

Ans: B

5) Which of the following was the first bank which opens a branch outside India?

a) State bank of India

b) Bank of India

c) Punjab National Bank

d) Allahabad Bank

Ans: B

6) Which of the following is the first Indian Commercial Bank which was wholly owned and managed by Indians?

a) Punjab National Bank

b) Bank of Baroda

c) Central Bank of India

d) Bank of Bombay

Ans: C

7) The Reserve Bank of India was established on which year?

a) 1934

b) 1935

c) 1945

d) 1949

Ans: B

8) What is the financial year of RBI?

a) 1st April – 31st March

b) 1st Jan – 31st Dec

c) 1st June – 31st May

d) 1st July – 30th June

Ans: D

9) In which year, Indian Rupee was Devalued for the first time?

a) 1963

b) 1965

c) 1966

d) 1970

Ans: C

10) What was the former name of SBI?

a) Imperial Bank of Hindustan

b) Imperial Bank of India

c) Bank of Hindustan

d) General Bank of India

Ans: B