Tuesday, April 14, 2015

Day 2 - Questions

Day 2 - Types of Banks (Part-I)

(Central Bank, Commercial Banks, Development Banks, Nationalized vs. Public Sector Banks)

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1.  RBI was established (April 1, 1935) under which Act?
a.  Reserve Bank of India Act, 1934
b.  Reserve Bank of India Act, 1926
c.  Banking Regulation Act, 1949
d.  Negotiable Instrument Act, 1881

2.  Who was the first Indian governor of RBI?
a.  Osborne Smith
b.  C.D.Desmukh
c.  James Taylor
d.  Bimal Jalan

3.  In which year RBI was nationalized?
a.  1955
b.  1949
c.  1947
d.  1980

4.  Who among the following is not incumbent (as of April 14, 2015) Deputy Governor of RBI?
a.  H.R.Khan
b.  R.Gandhi
c.  S.S.Mundra
d.  K.C.Chakraborty

5.  RBI recently proposed a new post in the rank of Deputy Governor (along with the 4 Deputy Governors). Which one is that post?
a.  Chief Executive Officer (CEO)
b.  Chief Operating Officer (COO)
c.  Chief Finance Officer (CFO)
d.  CEO and Managing Director (CMD)

6.  Which one of the following rates is not decided by RBI?
a.  Repo rate
b.  Base rate
c.  Bank rate
d.  Marginal Standing Facility (MSF) rate

7.  Which of the following bank is generally not considered as Commercial bank?
a.  Public Sector Bank
b.  Private Sector Bank
c.  Development Bank
d.  Foreign Bank

8.  Which of the followings are Development Banks of India -
a.  Industrial Finance Corporation of India (IFCI)
b.  State Finance Corporations (SFCs)
c.  Small Industries Development Bank of India (SIDBI)
d.  All of the above

9.  Which banks are Public Sector Banks of India -
a.  More than 50 % stake held by government
b.  50 % stake held by government
c.  Less than 50 % stake held by government
d.  None of these

10.  RBI performs supervisory functions over banking sector, under which Act -
a.  Negotiable Instrument Act, 1881
b.  Banking Regulation Act, 1949
c.  Reserve Bank of India Act, 1934
d.  Companies Act, 1956

11.  Which of the following banks is not nationalized in 1969?
a.  Indian Overseas Bank
b.  United Bank of India
c.  Oriental Bank of Commerce
d.  Dena Bank

12.  Initially SBI had 8 Associate banks. Currently SBI has 5 Associate banks. Which of the followings is true -
a.  State Bank of Jaipur and State Bank of Bikaner merged
b.  State Bank of Saurashtra merged with SBI
c.  State Bank of Indore merged with SBI
d.  All are true

13.  Which of the following is not considered as Nationalized Bank?
a.  State Bank of India
b.  Punjab National Bank
c.  Dena Bank
d.  Bank of Baroda

14.  Name the chairman and headquarter of Bharatiya Mahila Bank (BMB) -
a.  Arundhati Bhattacharya, Mumbai
b.  Usha Ananthasubhramanian, Mumbai
c.  Usha Ananthasubhramanian, New Delhi
d.  Chanda Kochchar, New Delhi

15.  Who is the chairman of United Bank of India (UBI)?
a.  P.Srinivas
b.  Arun Tiwari
c.  Arun Kaul
d.  Kishore Kumar Sansi

16.  'Trusted Family Bank' - is the tagline of -
a.  Dena Bank
b.  Corporation Bank
c.  Central Bank of India
d.  Oriental Bank of Commerce

17.  Headquarter of Punjab National Bank -
a.  Punjab
b.  New Delhi
c.  Mumbai
d.  Kolkata

18.  Who is the chairman of Bandhan Bank?
a.  Vikram Limaye
b.  V.G.Mathew
c.  Chandra Shekhar Ghosh
d.  Rana Kapoor

19.  Where is the headquarter of Federal Bank?
a.  Kochi
b.  Mumbai
c.  New Delhi
d.  Bengaluru

20.  Which private sector bank was earlier known as UTI Bank?
a.  Axis Bank
b.  ICICI Bank
c.  HDFC Bank
d.  Yes Bank

Note - Do not refer any source while answering the questions. 

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