1. The First Narasimham Committee was introduced in which year?

1. 1991
2. 1992
3. 1993
4. 1994
5. 1995

Option “1” is correct.
First Narasimham Committee was introduced in 1991.
2. Which is India’s First Small Finance Bank?

1. Equitas Small Finance Bank
2. Capital Small Finance Bank
3. AU Small Finance Bank
4. Jana Small Finance Bank
5. ESAF Small Finance Bank

Option “2” is correct.
Capital Small Finance Bank in India’s First Small Finance Bank started its Banking operations in April 2016 in Jalandhar Punjab.
3. Which was the First Bank of India to provide mobile ATM?

1. ICICI Bank
2. HDFC Bank
3. Axis Bank
4. Indusind Bank
5. Bandhan Bank

Option “1” is correct.
ICICI was the First Bank of India to provide mobile ATM.
4. The Third Round of Bank licensing took place in which year?

1. 2005-6
2. 2008-9
3. 2013-14
4. 2001-02
5. 2000-01

Option “3” is correct.
The Third Round of Bank licensing took place in 2013-14.
5. On the basis of Narasimham Committee the government launched a comprehensive financial sector liberalization programme, including-

1. Interest rates liberalization
2. Reduction of reserved rations
3. Reduced government control in banking operations
4. Establishment of a market regulatory framework
5. All of the above

Option “5” is correct.
On the basis of Narasimham Committee the government launched a comprehensive financial sector liberalization programme, including-
(a)Interest rates liberalization
(b)Reduction of reserved rations
(c)Reduced government control in banking operations
(d)Establishment of a market regulatory framework
6. FEMA was enacted in 1999. What is the full form of ‘M’ in FEMA?

1. Manager
2. Management
3. Manegerial
4. Monetary
5. Money

Option “2” is correct.
The Foreign Exchange Management Act (FEMA) was enacted in 1999.
7. ICICI Bank was Introduced in which Year?

1. 1991
2. 1992
3. 1993
4. 1994
5. 1995

Option “4” is correct.
ICICI Bank was Introduced in 1994.
8. When was Banking Ombudsman scheme was Introduced in India?

1. 1991
2. 1992
3. 1993
4. 1994
5. 1995

Option “5” is correct.
The Banking Ombudsman scheme was first time introduced in 1995 in India.
9. When was the process of computerization Introduced in all branches of Banks?

1. 1991
2. 1992
3. 1993
4. 1994
5. 1995

Option “3” is correct.
The process of introducing computerization in all branches of banks began in 1993 in line with the Committee on Computerization in Banks’ recommendations, which had been submitted in 1989.
10. On the Recommendation of which committee Private sector players entered into Banking System?

1. Nachiket Mor committee
2. Narsimhan committee
3. Usha Thorat committee
4. Basel Committee
5. Bhurelal Committe

Option “2” is correct.
In 1991, Narsimhan committee gave its recommendations to allow the entry of private sector players into Banking System

 

154 thoughts on “What is Banking and Its History”

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