Banking and Financial Institutions CDS Questions

CDS Economy

Banking and Financial Institutions MCQ Questions


1.
In which year were the first 14 major commercial banks nationalised in India?
A.
1980
B.
1949
C.
1969
D.
1955
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ANSWER :
C. 1969
2.
Who was the Prime Minister of India when the 14 banks were nationalised in 1969?
A.
Jawaharlal Nehru
B.
Lal Bahadur Shastri
C.
Indira Gandhi
D.
Morarji Desai
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ANSWER :
C. Indira Gandhi
3.
What was the minimum deposit criterion (threshold) for the 14 banks nationalised in 1969?
A.
Deposits exceeding Rs 100 crore
B.
Deposits exceeding Rs 200 crore
C.
Deposits exceeding Rs 50 crore
D.
Deposits exceeding Rs 25 crore
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ANSWER :
C. Deposits exceeding Rs 50 crore
4.
In which year was the second wave of nationalisation, covering 6 more banks, carried out?
A.
1980
B.
1991
C.
1975
D.
1969
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ANSWER :
A. 1980
5.
How many private banks were nationalised in the second phase (1980)?
A.
6
B.
10
C.
8
D.
14
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ANSWER :
A. 6
6.
Which of the following was NOT among the 14 banks nationalised in 1969?
A.
Canara Bank
B.
Punjab National Bank
C.
Bank of Baroda
D.
State Bank of India
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ANSWER :
D. State Bank of India