Banking - General Knowledge Questions

1 .
Which of the following statements is/are true about NABARD?
A)
It is a development bank in the sector of Regional Rural Banks in India.
B)
It provides and regulates credits in the rural area
C)
It gives assistance for the promotion and development of rural sectors, mainly agriculture.
D)
All of the above

Correct Answer :   All of the above

2 .
In which city the head office of Corporation Bank is situated?
A)
Mangalore
B)
Bengaluru
C)
Mumbai
D)
Kolkata

Correct Answer :   Mangalore

3 .
Which was the first Indian bank started solely with Indian Capital?
A)
Andhra Bank
B)
Punjab National Bank
C)
Indian Overseas Bank
D)
Syndicate Bank

Correct Answer :   Punjab National Bank

4 .
Which bank has started as a private shareholders bank, mostly by European shareholders?
A)
Bank of Baroda
B)
Bank of India
C)
Dena Bank
D)
Imperial Bank of India

Correct Answer :   Imperial Bank of India

5 .
Which is the first Indian Commercial Bank that was fully owned and managed by Indians?
A)
Central Bank of India
B)
State Bank of India
C)
Canara Bank
D)
Allahabad Bank

Correct Answer :   Central Bank of India

6 .
The working and activity of NBFCs are registered by the Reserve Bank of India within the framework of the
A)
Reserve Bank of India Act, 1934 (Chapter 10-12)
B)
Banking Regulation Act, 1949
C)
Companies Act, 1956
D)
Banking Companies Act, 1970 (Chapter No. 4)

Correct Answer :   Companies Act, 1956

7 .
A 'banking outlet' is one which opens for at least five days a week for at least
A)
two hours a day
B)
three hours a day
C)
four hours a day
D)
five hours a day

Correct Answer :   four hours a day

8 .
According to RBI guidelines, a scheduled commercial bank can own stake in a payments bank to the extent permitted under Section 19(2) of the
A)
Banking Regulation Act, 1949
B)
Reserve Bank of India Act, 1953
C)
State Bank of India Act, 1955
D)
Public Financial Institutions Act, 1956

Correct Answer :   Banking Regulation Act, 1949

9 .
National Bank for Agriculture and Rural Development (NABARD) came into existence on
A)
12th July, 1978
B)
12th July, 1980
C)
12th July, 1981
D)
12th July, 1982

Correct Answer :   12th July, 1982

10 .
Which of the following banks is the World’s largest bank by assets ?
A)
Bank of America
B)
Industrial and Commercial Bank of China (ICBC)
C)
BNP Paribas
D)
Bank of China

Correct Answer :   Industrial and Commercial Bank of China (ICBC)

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