Banking unit 1

Who is considered the father of modern banking in India?

• M. Visvesvaraya

• Raja Rammohan Roy

• Narsimham

• M. Gopalswamy Ayyangar

The Reserve Bank of India was established in the year:

• 1935

• 1949

• 1951

• 1920

The Banking Regulation Act was enacted in the year:

• 1950

• 1947

• 1949

• 1955

Which section of the Banking Regulation Act, 1949 deals with licensing of banks?

• Section 22

• Section 5

• Section 24

• Section 42

Scheduled banks are those included in which schedule of the RBI Act, 1934?

• First

• Second

• Third

• Fourth

Which of the following is a component of the Indian Banking System?

• RBI

• Commercial Banks

• Co-operative Banks

• All of the above

Which was the first bank established in India?

• State Bank of India

• Bank of Hindustan

• Allahabad Bank

• Imperial Bank

The nationalization of 14 major banks in India took place in:

• 1955

• 1969

• 1980

• 1991

Universal banking refers to:

• Providing all types of financial services under one roof

• Internet banking only

• ATM services only

• Rural banking services

Which bank was the first Public Sector Bank in India?

• Punjab National Bank

• Bank of Baroda

• State Bank of India

• Canara Bank