Banking NDA Questions

NDA Economics

Banking MCQ Questions


1.
The first bank established in India, though short-lived, was the:
A.
State Bank of India
B.
Reserve Bank of India
C.
Bank of Hindustan (1770)
D.
Imperial Bank of India
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ANSWER :
C. Bank of Hindustan (1770)
2.
During British colonial rule, three 'Presidency Banks' were established. Which of the following was NOT one of them?
A.
Bank of Madras
B.
Bank of Bombay
C.
Bank of Bengal
D.
Bank of Delhi
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ANSWER :
D. Bank of Delhi
3.
The three Presidency Banks (Bengal, Bombay, and Madras) were amalgamated in 1921 to form the:
A.
State Bank of India
B.
Imperial Bank of India
C.
Central Bank of India
D.
Reserve Bank of India
😑 View Answer Rough Work Error
ANSWER :
B. Imperial Bank of India
4.
The Imperial Bank of India was renamed and reconstituted as the State Bank of India through the State Bank of India Act passed in:
A.
1969
B.
1980
C.
1949
D.
1955
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ANSWER :
D. 1955
5.
The Reserve Bank of India (RBI), the central bank of India, was established under the Reserve Bank of India Act, 1934, and commenced operations on:
A.
1 April 1949
B.
1 January 1935
C.
26 January 1950
D.
15 August 1947
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ANSWER :
B. 1 January 1935
6.
The Reserve Bank of India was originally established as a privately-owned shareholders' institution, but was nationalised (brought under full government ownership) in:
A.
1949
B.
1935
C.
1969
D.
1947
😑 View Answer Rough Work Error
ANSWER :
A. 1949