1. Which is the Oldest Public Sector Bank in India?
1. State Bank of India
2. Canara Bank
3. Allahabad Bank
4. Bank of India
5. None of these
Option “3” is correct. Allahabad bank was established in 1865 and is knowns as the oldest public sector bank in India.
2. Which is India’s First Truly Swadeshi Bank?
1. Syndicate Bank
2. Central Bank of India
3. Imperial Bank of India
4. Reserve Bank of India
5. State bank of India
Option “2” is correct.
3. Which Bank was Not Nationalised Under First Phase of Nationalization of Banks?
1. Punjab National Bank
2. Union Bank of India
3. Indian Bank
4. Corporation Bank
5. All of the above
Option “4” is correct. Corporation Bank was Nationalised In Second Phase Of Nationalization of Banks i.e. in April 1980.
4. Narsimhan committee is Related to?
1. Regional Rural Banks
2. Public Sector Banks
3. Small Finance Banks
4. Payment Banks
5. None of the above
Option “1” is correct. Regional Rural Banks were formed on Oct2,1975 on the Recommendation of Narsimhan Committee.
5. Which is The First Bank Purely Managed by Indians?
1. Bank of Hindustan
2. Punjab National Bank
3. State Bank Of India
4. Union Bank Of India
5. Indian Bank
Option “2” is correct. Punjab National Bank is the First Bank Purely Managed by Indians, which was established in Lahore in 1895.
6. Who was First governor of Reserve Bank?
1. Lord Benttick
2. Sir CD Deshmukh
3. Sir Osborne Smith
4. Sir James Taylor
5. None of the above
Option “3” is correct. Sir Osborne Smith was the First Governor of Reserve Bank.
7. Which was the First Indian Bank to Open Overseas Branches?
1. Central Bank of India
2. Punjab National Bank
3. Bank of India
4. Punjab and Sindh Bank
5. State bank of India
Option “3” is correct. Bank of India is the First Bank to open Overseas Branches and established a branch in London in 1946.
8. Under Which Act Reserve Bank was Nationalized?
1. The Reserve Bank of India (Amendment and Misc. Provisions) Act, 1953
2. Banking Regulation Act, 1949
3. Negotiable Instrument Act, 1881
4. The Reserve Bank of India (Transfer to Public Ownership) Act, 1948
5. None of the above
Option “4” is correct. The Reserve Bank of India was Nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948.
9. How many Banks were Nationalized on 19th July’1969?
1. 9
2. 10
3. 14
4. 12
5. 8
Option “3” is correct. Fourteen commercial Banks were Nationalised on 19th July’1969.
10. EXIM bank was established in Which year?
1. 1982
2. 1988
3. 1987
4. 1985
5. 1990
Option “1” is correct. EXIM Banks was established in 1982.
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59 thoughts on “Different Stages of Development of Indian Banking”
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