Q1. Name the First Bank in India.
(a) Bank of Calcutta
(b) General Bank of India
(c) Bank of Hindustan
(d) Bank of Madras
(e) None of these
Q2. Name the First Governor of RBI.
(a) M. Narasimham
(b) James Braid Taylor
(c) Mr. C D Deshmukh
(d) Mr. Osborne Smith
(e) None of these
Q3. Name the First Indian governor of RBI.
(a) M. Narasimham
(b) Benegal Rama Rau
(c) Mr. C D Deshmukh
(d) P. C. Bhattacharya
(e) None of these
Q4.Name the First Bank to Introduce ATM in India.
(a) HSBC
(b) ICICI
(c) SBI (d) HDFC
(e) None of these
Q5.Name the First Bank to introduce saving Bank in India.
(a) Bank of Hindustan
(b) Syndicate Bank
(c) Bengal Bank
(d) Presidency Bank
Q6.Name the First Bank to Introduce Cheque system in India.
(a) Central Bank of India
(b) Presidency bank
(c) Bengal Bank
(d) HSBC
(e) None of these
Q7.Name the First Bank to introduce Internet Banking.
(a) Axis Bank
(b) HDFC Bank
(c) SBI (d) ICICI Bank
Q8. Name the First Bank to introduce Mutual Fund.
(a) ICICI Bank
(b) SBI
(c) Central Bank of India
(d) Bank of Baroda
(e) None of these
Q9.Name the First Bank to introduce Credit Card in India.
(a) SBI
(b) Central Bank of India
(c) ICICI
(d) Punjab National Bank
(e) None of these
Q10.Name the First Foreign Bank in India.
(a) Chinatrust Commercial Bank
(b) United Overseas Bank
(c) Federal Bank
(d) Comptoir d’Escompte de Paris
(e) None of these
Solutions
Ans.1. (c)
Exp.Bank of Hindustan (1770-1832), a now defunct bank, considered as among the first modern banks in colonial India. It was established by the agency house of Alexander and Company.
Ans.2.(d)
Exp.Sir Osborne Arkell Smith was the first Governor of the Reserve Bank of India, a post he held from 1 April 1935 to 30 June 1937 while C. D. Deshmukh was the first Indian governor.
Ans.3.(c)
Exp.Sir Chintaman Dwarakanath Deshmukh was an Indian civil servant and the first Indian to be appointed as the Governor of the Reserve Bank of India in 1943 by the British Raj authorities while Sir Osborne Arkell Smith was the first Governor of the Reserve Bank of India.
Ans.4.(a)
Exp.HSBC (The Hongkong and Shanghai Banking Corporation) was the first bank to introduce the ATM concept in India way back in 1987. It was from Diebold and installed at Andheri, Mumbai.
Ans.5.(d)
Exp.Savings account system in India was started by Presidency Bank.
Ans.6. (c)
Exp.Cheque system was first introduced by Bengal Bank which was established in 1784.
Ans.7.(d)
Exp.ICICI Bank was the first Indian bank to provide internet banking facility.
Ans.8.(b)
Exp.The mutual fund industry in India originally began in 1963 with the Unit Trust of India (UTI) as a Government of India and the Reserve Bank of India initiative. Launched in 1987, SBI Mutual Fund became the first non-UTI mutual fund in India.
Ans.10.(b)
Exp.Central Bank of India was the first public bank to introduce Credit card.
Ans.10.(d)
Exp.The Comptoir d’Escompte de Paris opened a branch in Calcutta in 1860, and another in Bombay in 1862; branches followed in Madras and Pondicherry. HSBC established itself in Bengal in 1869.
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