Banking and Financial Institutions CDS Questions

CDS Economy

Banking and Financial Institutions MCQ Questions


13.
A key positive economic impact of bank nationalisation was:
A.
Mobilisation of public savings for productive purposes
B.
Complete withdrawal of government from banking
C.
Reduction in number of bank branches
D.
Elimination of the Reserve Bank of India
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ANSWER :
A. Mobilisation of public savings for productive purposes
14.
Regional Rural Banks (RRBs) were established on which date, following the spirit of nationalisation?
A.
1 January 1949
B.
19 July 1969
C.
1 April 1935
D.
2 October 1975
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ANSWER :
D. 2 October 1975
15.
Which of the following was a criticism/limitation associated with bank nationalisation?
A.
Complete elimination of priority sector lending
B.
Total absence of government control
C.
Low efficiency due to lack of competition and parts of the country remaining unbanked
D.
Excessive competition among banks
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ANSWER :
C. Low efficiency due to lack of competition and parts of the country remaining unbanked
16.
The Reserve Bank of India (RBI) commenced operations in which year?
A.
1955
B.
1935
C.
1949
D.
1969
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ANSWER :
B. 1935
17.
The State Bank of India (SBI) was constituted in which year?
A.
1955
B.
1921
C.
1935
D.
1969
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ANSWER :
A. 1955
18.
The Imperial Bank of India was formed in 1921 by the amalgamation of:
A.
RBI and the Bank of Hindustan
B.
Punjab National Bank and Bank of Baroda
C.
SBI and its subsidiaries
D.
Three Presidency Banks (Bank of Bengal, Bank of Bombay, Bank of Madras)
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ANSWER :
D. Three Presidency Banks (Bank of Bengal, Bank of Bombay, Bank of Madras)