Table of Contents
Banking Awareness Quiz for NIACL AO MAINS
Improve your Banking with Banking quiz. Banking Quiz to help you improve your score for exams like Bank, SSC, Railway, UPSC, UPSSSC, CDS, UPTET, KVS, DSSSB and other Government exams.
Q1. Consider the following statements-
- In Indian Commercial Banking System, the number of the Non-Scheduled Bank is more than the Scheduled Banks.
- The Non-Scheduled Banks in India Commercial Banking System are less than the Scheduled Banks.
- State Bank of India is a Non-Scheduled Banks.
Which of the statements given above is/are correct?
(a) Only 1
(b) Only 2
(c) Only 3
(d) All of the above
(e) Only 1 and 3
Q2. Which one of the following banks can be included in the Scheduled Commercial Banking System of India?
(a) Regional Rural Banks
(b) Private Sector Banks
(c) Foreign Banks in India
(d) All of the above
(e) None of the given options is true
Q3. Match the following-
List-I
- Allahabad Bank
- Central Bank of India
- Indian Overseas Bank
- Punjab National Bank
List-II
- Delhi
- Kolkata
- Mumbai
- Chennai
(a) A-2, B-4, C-3, D-1
(b) A-2, B-3, C-4, D-1
(c) A-4, B-3, C-2, D-1
(d) A-4, B-1, C-3, D-2
(e) A-1, B-2, C-3, D-4
Q4. Which of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly’ in it?
(a) Punjab National Bank
(b) Syndicate Bank
(c) Oriental Bank of India
(d) State Bank of India
(e) Central Bank of India
Q5. Consider the following statements-
- Scheduled Commercial Banks are those which have been included in the First Scheduled of RBI Act, 1934.
- Non-Scheduled Commercial Banks are those which have been not included in the Second Scheduled of RBI Act, 1934.
- Punjab National Bank is a Scheduled Banks.
Which of the statements given above is/are correct?
(a) Only 2
(b) Only 2 and 3
(c) Both 1 and 2
(d) All of the above
(e) None of the given options is true
Q6. In India, the first bank of limited liabilities managed by Indians and founded in 1881 was-
(a) Hindustan Commercial Bank
(b) Oudh Commercial Bank
(c) Punjab National Bank
(d) Punjab and Sind Bank
(e) National Bank of India
Q7. How many banks were first nationalized?
(a) 10
(b) 12
(c) 14
(d) 16
(e) 24
Q8. When was the seconds phase of nationalization done?
(a) 1969
(b) 1968
(c) 1985
(d) 1980
(e) 1973
Q9. How many banks were in second phase of nationalisation?
(a) 4
(b) 5
(c) 6
(d) 7
(e) 9
Q10. Who will act as the banker to the Government of India?
(a) State Bank of India
(b) Reserve Bank of India
(c) NABARD
(d) Nationalised Banks
(e) Central Bank of India
Solution
Ans.1.(b)
Exp. As per the Reserve Bank of India Act, 1934, banks in India are classified into scheduled and non-scheduled banks. Scheduled banks are those which are entered into the second schedule of the RBI Act, 1934. It includes those banks which have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakhs and which satisfy RBI that their affairs are being carried out in the interests of the depositors. While, non-scheduled banks are those which have not been included in the second schedule of the Act. The scheduled banks comprise scheduled commercial banks and scheduled cooperative banks. Further, the scheduled commercial banks in India are categorised into five different groups according to their ownership and/or nature of operation:- (i) Nationalised Banks; (ii) State Bank of India and its associates; (iii) Regional Rural Banks (RRBs); (iv) Foreign banks; and (v) Other Indian private sector banks. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Ans.2.(d)
Exp. Scheduled commercial banks in India are categorised into five different groups according to their ownership and/or nature of operation:- (i) Nationalised Banks; (ii) State Bank of India and its associates; (iii) Regional Rural Banks (RRBs); (iv) Foreign banks; and (v) Other Indian private sector banks. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Ans.3.(b)
Exp. The headquarter of Allahabad Bank is in Kolkata. Central Bank of India- Mumbai, Indian Overseas Bank- Chennai, Punjab National Bank- New Delhi.
Ans.4..(b)
Exp. Syndicate Bank has undertaken a comprehensive exercise on changing the back-ground colour/ repositioning of the Logo of the Bank. The repositioning of the Logo has been done with major changes in the basic colour retaining the picture of “DOG”, symbolizing the tradition of faithfulness and friendliness. The pictorial dog of the Logo is in sync with our Bank motto -‘Faithful and Friendly’. The combination of Orange, Yellow and White colours give uniqueness to our Logo.
Ans.5.(b)
Exp. Only statement 2 and 3 is correct.
Ans.6.(b)
Exp. Oudh Commercial Bank was established in 1881 in Faizabad. At the time, it was the first commercial bank in India having limited liability and an entirely Indian.
Ans.7.(c)
Exp. 14 banks were first nationalised in 1969.
Ans.8.(d)
Exp. A second dose of nationalisation of 6 more banks in 1980.
Ans.9.(c)
Exp. 6 banks were nationalised in 1980.
Ans.10.(b)
Exp. RBI will act as the banker to the Government of India.
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