Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams Page 1 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams 1) Which of the following was the first bank 4) RBI, India’s central banking institution was established in India in the year 1770? nationalised in the year 1935 under which of the following act? a) General Bank of India a) RBI Act, 1938 b) Bank of Calcutta b) RBI Act, 1935 c) Bank of Hindustan c) RBI Act, 1934 d) Imperial Bank of India d) RBI Act, 1932 2) Three banks were merged in the year 1921 to form the Imperial Bank of India. Which of the 5) SBI was given control of 8 state associated banks following is not one of them? under the State Bank of India (Subsidiary Banks) Act, 1959 in which year? a) Bank of Bengal a) 1967 b) Bank of Madras b) 1965 c) Bank of Bombay c) 1970 d) Bank of Hindustan d) 1960 3) Which among the following is the largest and the oldest bank, which is still in existence in India? 6) Which of the following was the first bank with limited liability to be managed by Indians? a) Reserve Bank of India a) Punjab National Bank b) Allahabad Bank b) State Bank of India c) State Bank of India c) Oudh Commercial Bank d) Punjab National Bank d) Allahabad Bank Page 2 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams 10) The first phase of Nationalisation of 14 major 7) Which among the following bank is called as private banks was done in which of the following India’s first truly Swadeshi Bank? year? a) Punjab National Bank a) 1969 b) Bank of India b) 1970 c) Allahabad Bank c) 1965 d) Central Bank of India d) 1972 8) Which among the following was the first Indian 11) How many banks were nationalized in the Bank to open its branch outside India in foreign second phase of nationalisation in April, 1980? location? a) Seven a) Bank of India b) Ten b) Punjab National Bank c) Six c) State Bank of India d) Nine d) Bank of Baroda 12) Which of the following bank was set up on the 9) RBI which is an independent apex monetary recommendations of 1926 Royal Commission on authority in India was nationalized in which year? Indian Currency and Finance? a) 1945 a) State Bank of India b) 1948 b) Reserve Bank of India c) 1950 c) Bank of India d) 1949 d) Central Bank of India Page 3 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams 13) The Original Headquarter of RBI was first of 16) Which of the following was the first Joint Stock all set up in which of the following location? Bank of India established in the year 1863? a) Mumbai a) Bank of Bengal b) Chennai b) Bank of Madras c) Kolkata c) Bank of India d) New-Delhi d) Bank of Upper India 14) The Banking Regulation Act that regulates all 17) Who among the following personality was the the banking firms in India was passed in which first Indian Governor of the Reserve Bank of India? year? a) P.C Bhattacharya a) 1956 b) C.D Deshmukh b) 1950 c) N.C Sen Gupta c) 1960 d) M. Narasimham d) 1949 18) Which of the following act empowered the 15) Which one of the following is the oldest joint- Reserve Bank of India to regulate, control and stock bank and is still functioning in India? inspect the banks in India? a) Punjab National Bank a) Reserve Bank of India Act, 1934 b) Central Bank of India b) Banking Regulation Act, 1991 c) Allahabad Bank c) Banking Regulation Act, 1949 d) Union Bank of India d) Public Debt Act, 1944 Page 4 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams 19) New Bank of India was merged with Punjab 22) The Central office of the Reserve bank of India National Bank in which of the following year? was permanently moved to Mumbai in which of the following year? a) 1991 a) 1937 b) 1995 b) 1935 c) 1990 c) 1940 d) 1993 d) 1938 20) How many members are there in the central board of directors in Reserve Bank of India? 23) National Housing Bank, government owned entity was set up on July 9, 1988 under which of the a) Twenty one following act? b) Twenty five a) National Housing Bank, 1988 c) Thirty two b) National Housing Bank, 1987 d) Thirty Eight c) National Housing Bank, 1990 21) Which of the following committee was set up by d) National Housing Bank, 1992 the Reserve Bank of India to lay the road map to capital account convertibility? 24) Which among the following is an objective of National Housing Bank of India? a) Narasimham committee a) Promoting inclusive expansion with stability in b) Tarapore committee housing finance market c) Deepak Mohanty committee b) To augment resources for the sector and channelise them for housing d) Sudarshan Sen committee c) Making housing credit more affordable Page 5 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams d) All of the above d) Union Bank of India 25) Consider the following statements. Which 28) Which one of the following public sector bank among the following are the functions of Reserve has maximum number of overseas branches? Bank of India? a) Bank of India a) Regulator and Supervisor of the financial system b) Bank of Baroda b) Banker and Debt Manager to Government c) Punjab National Bank c) Regulator and Supervisor of Payment and Settlement System d) State Bank of India d) All of the above 29) Which one of the following is the first bank in India to provide Mobile ATM facility to the people? 26) Which among the following bank was inaugurated by Mahatma Gandhi in the year 1919? a) Kotak Mahindra Bank a) Bank of Hindustan b) ICICI Bank b) Union Bank of India c) HDFC Bank c) Central Bank of India d) Union Bank of India d) Allahabad Bank 30) Which among the following is India’s first small finance bank that started its operations in the year 27) Which among the following was the first bank 2016? in India to provide Internet Banking Facility? a) Utkarsh small finance bank a) ICICI Bank b) Equitas small finance bank b) Bank of Baroda c) Capital small finance bank c) Kotak Mahindra Bank d) Ujjivan small finance bank Page 6 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams 31) Which among the following banks are created to 34) Gour Gramin bank, first regional rural bank primary serve banking services to the rural areas of eastern region of India was set up in which of the India? following state? a) Scheduled Commercial Banks a) West Bengal b) Non-Scheduled Commercial Banks b) Jharkhand c) Regional Rural Banks c) Bihar d) Payment Banks d) Odisha 32) Regional Rural banks were created on the 35) What is the percentage stake of the Central recommendation of the Narasimham committee in Government and State Government in Regional which of the following year? Rural Banks of India? a) 1980 a) 50%, 35% b) 1975 b) 45%, 55% c) 1988 c) 50%, 15% d) 1990 d) 35%,55% 33) Prathama Bank, first regional rural bank in 36) NABARD, apex development financial India was set up at which of the following location? institution in India was set up on the recommendation of which of the following a) Lucknow committee? b) Allahabad a) Tarapore committee c) Faizabad b) Narasimham committee d) Moradabad c) Sivaraman committee Page 7 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams d) K Basu committee c) NHB 37) NABARD, India’s specialised bank for d) SIDBI Agricultural and Rural Development in India is headquartered at………? 40) Which of the following entity is the apex financial institution for housing in India? a) Chennai a) NHB b) Jaipur b) SIDBI c) Lucknow c) EXIM d) Mumbai d) NABARD 38) EXIM Bank which is a major finance institution in India was established in which of the following 41) NHB, which operates as a principal agency to year? promote housing finance institutions in India is headquartered at………….? a) 1980 a) Mumbai b) 1985 b) New-Delhi c) 1982 c) Kolkata d) 1983 d) Bangalore 39) Which among the following banking organisation acts as a catalyst and a key player in the promotion of cross border trade and 42) NHB, an autonomous housing finance investment? institution was set up on the recommendation of a committee under the chairmanship of …………..? a) NABARD a) Abid Hussain b) EXIM Bank Page 8 of 31 Subscribe The Xpress Video Course & Mock Test Package for Bank & Insurance Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Expected Indian Banking System Questions (MCQs) For SSC, Railway and UPSC Exams b) B Sivaraman c) Allahabad Bank c) Dr.