BANKING HISTORY QUIZ #2

1) In which year Regional Rural Banks started working in India?

a) 1970

b) 1972

c) 1975

d) 1977

Ans: C

2) British Government of India was enacted Paper Currency Act in which year?

a) 1806

b) 1836

c) 1861

d) 1875

Ans: C

3) Which of the following was the first bank, established in India?

a) Imperial Bank of India

b) Bank of Hindustan

c) Bank of India

d) General Bank of India

Ans: B

4) Bank of Calcutta established in which year?

a) 1770

b) 1786

c) 1806

d) 1809

Ans: C

5) Which of the following is true?

a) Punjab National Bank established in Faizabad

b) Imperial Bank of India was renamed on 30 April, 1955

c) Both a and b

d) None of these

Ans: B

6) Reserve Bank of India (RBI) was established under which act?

a) RBI Act 1920

b) RBI act 1926

c) RBI Act 1930

d) RBI Act 1934

Ans: D

7) When was the first nationalization of banks conducted in India?

a) 19 July 1969

b) 19 August 1969

c) 29 July 1969

d) 29 July 1969

Ans: A

8) How many banks were nationalized in 1980?

a) 5

b) 6

c) 7

d) 8

Ans:B

9) In India, how many banks were nationalized first time?

a) 10

b) 12

c) 14

d) 15

Ans: C

10) Which bank was inaugurated by Mahatma Gandhi in 1919?

a) Punjab National Bank

b) Bank of Baroda

c) Union Bank of India

d) Oudh Commercial Bank

Ans: C