Modern Banking And Insurance Set 1

Bachelor of Arts in Economics (BA Economics)

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This set of Modern Banking and Insurance Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking And Insurance Set 1

Q1 | The first chartered bank was established at---------------------
  • japan
  • philadelphia
  • india
  • france.
Answer: philadelphia
Q2 | The first chartered bank was established in the year --------------------
  • 1781
  • 1775
  • 1870
  • 1881.
Answer: 1781
Q3 | Bank is an institution which deals with --------------
  • money
  • treatment
  • education
  • communication.
Answer: money
Q4 | The word meaning of Banco is ---------------
  • heap
  • gold
  • deposit
  • loan.
Answer: heap
Q5 | Bank of Hindustan was established at -------------------------
  • bombay
  • chennai
  • kolkatta
  • bengal.
Answer: bombay
Q6 | General Bank of India was established in -----------------------
  • 1771
  • 1775
  • 1786
  • 1780.
Answer: 1786
Q7 | Upper bank of India was established in -----------
  • 1860
  • 1870
  • 1863
  • 1865.
Answer: 1863
Q8 | Second phase of Indian banks were nationalized in
  • 1960
  • 1969
  • 1970
  • 1869.
Answer: 1969
Q9 | The third phase of development banking in India started in early
  • 1980
  • 1990
  • 1960
  • 1965.
Answer: 1990
Q10 | The apex institution in the financial system of a country is
  • central bank
  • state bank
  • national bank
  • federal bank.
Answer: central bank
Q11 | Industrial bank also known as
  • investment bank
  • state bank
  • commercial bank
  • unit bank.
Answer: investment bank
Q12 | SIDBI was established in the year: [a]1990 [b]1995 [c]1985 [d]1969.16. RRBs are coming under
  • private sector
  • public sector
  • co-operative sector
  • domestic sector.
Answer: private sector
Q13 | Initially central bank was established at
  • mumbai
  • chennai
  • new delhi
  • calcutta.
Answer: calcutta.
Q14 | The central office of RBI is at ----------------------------
  • mumbai
  • chennai
  • new delhi
  • calcutta.
Answer: mumbai
Q15 | Central bank was nationalised in: [a]1949 [b] 1934 [c] 1935 [d] 1940.20. RBI was established in the year-------------------------
  • 1935
  • 1949
  • 1934
  • 1940.
Answer: 1935
Q16 | Which one is the banker’s bank?
  • rbi
  • federal bank
  • union bank
  • bank of india.
Answer: rbi
Q17 | Which one is the custodian of foreign balances of country?
  • rbi
  • federal bank
  • union bank
  • bank of india.
Answer: rbi
Q18 | Which one is the controller of credit?
  • rbi
  • federal bank
  • union bank
  • bank of india.
Answer: rbi
Q19 | IFCI was established in the year................
  • 1948
  • 1956
  • 1935
  • 1934.
Answer: 1948
Q20 | Money market is a part of
  • capital market
  • rbi
  • sbt
  • financial market.
Answer: financial market.
Q21 | Money market is a market for-------------------fund
  • short term fund
  • long term fund
  • secular fund
  • mid term fund.
Answer: short term fund
Q22 | CDs was introduced in:
  • 1989
  • 1982
  • 1985
  • 1990
Answer: 1989
Q23 | Commercial papers were introduced in:
  • 1989
  • 1982
  • 1985
  • 1990
Answer: 1990
Q24 | Treasury bills are issued by
  • rbi
  • imf
  • ibrd
  • ifci.
Answer: rbi
Q25 | Treasury bills are available for minimum amount of Rs.-------------------
  • 20000
  • 25000
  • 10000
  • 30000.
Answer: 25000
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