General Banking Awareness - MCQs with answers - Part I

General Banking Awareness - MCQs with answers - Part I


1. Which is the first bank established in India?

a) Bank of Calcutta
b) Bank of Hindustan
c) General Bank of India
d) State Bank of India

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ANSWER: b) Bank of Hindustan

Bank of Hindustan was established in 1770.



2. Which is the first Indian bank to get ISO?

a) Canara Bank
b) Punjab National Bank
c) State Bank of India
d) Central Bank of India

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ANSWER: a) Canara Bank

Canara Bank was established in 1906. The bank was nationalised in 1969.



3. Which is the first Indian bank started solely with Indian capital investment?

a) Canara Bank
b) Central Bank of India
c) Punjab National Bank
d) State Bank of India


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ANSWER: c) Punjab National Bank

It was founded in 1894.



4. Who is the founder of Punjab National Bank?

a) Bal Gangadhar Tilak
b) Bhagat Singh
c) Bipin Chandra Pal
d) Lala Rajpat Rai

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ANSWER: d) Lala Rajpat Rai

His death anniversary is celebrated as Martyrs' Day in India.



5. Who was the first governor of RBI?

a) James Braid Taylor
b) Mihir Sen
c) Nagendra Singh
d) Osborne Smith

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ANSWER: d) Osborne Smith

Osborne Smith was the Governor of Reserve Bank of India from 1 April 1935 to 30 June 1937.



6. Who was the first Indian Governor of RBI?

a) C. D. Deshmukh
b) Benegal Rama Rau
c) R. K. Shanmukham Chetty
d) K. G. Ambegaonkar

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ANSWER: a) C. D. Deshmukh

Sir Chintaman Dwarakanath Deshmukh was the first Indian to be appointed as the Governor of the Reserve Bank of India in 1943 by the British Raj authorities.



7. Which is the first bank to introduce savings account in India?

a) Bank of Hindustan
b) General Bank of India
c) Presidency Bank
d) Bengal Bank

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ANSWER: c) Presidency Bank

In 1833, savings account system was started by Presidency Bank.



8. Which is the first bank to introduce cheque system in India?

a) Bengal Bank
b) Bank of Hindustan
c) General Bank of India
d) Presidency Bank

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ANSWER: a) Bengal Bank

In 1833, cheque system was introduced by Bengal Bank.



9. Which is the first bank to introduce Internet banking?

a) Canara Bank
b) ICICI Bank
c) Punjab National Bank
d) State Bank of India

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ANSWER: b) ICICI Bank

ICICI Bank was introduced in 1994.



10. Which is the first bank to introduce mutual fund?

a) Bank of Baroda
b) ICICI Bank
c) Punjab National Bank
d) State Bank of India

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ANSWER: d) State Bank of India

In 1961, mutual fund was introduced in India.


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