Indian Economy : General knowledge questions and answers

Indian Economy : General knowledge questions and answers - for all competitive exams - MBA entrance, bank exams, RRB - Railway Recruitment Board Exam, ssc exam, ibps exam etc.

1. Which was the first bank with limited liability managed by Indians?

a.) Punjab National Bank
b.) Oudh Commercial Bank
c.) State Bank of India
d.) Bank of Baroda

2. When was Punjab National Bank established?

a.) 1881
b.) 1891
c.) 1894
d.) 1895

3. ___________________ was rechristened as State Bank of India.

a.) Imperial Bank of India
b.) Oudh Commercial Bank
c.) Bank of India
d.) Royal Bank of India

4. Which is the largest commercial bank of India?

a.) Punjab National Bank
b.) Bank of India
c.) State Bank of India
d.) Indian Bank

5. Which is the apex institution of housing finance in India?

a.) National Housing Bank
b.) HDFC
c.) HSBC
d.) Gruh Sanrachna

6. In which year was NABARD established?

a.) 1892
b.) 1982
c.) 1988
d.) 1898

7. When was RBI set up?

a.) 1935
b.) 1945
c.) 1947
d.) 1949

8. Who owns the entire share capital of RBI?

a.) Bank itself
b.) Stake holders
c.) The government of India
d.) Finance secretary

9. Who issues one rupee coins in India?

a.) RBI
b.) Nationalised banks
c.) Ministry of Finance, Government of India
d.) None of the above

10. RBI is entrusted with the responsibility of making and receiving all payments in behalf of Govt. of India. AT places where RBI doesn’t have a branch, which bank works as its agent for these functions?

a.) State bank of India
b.) Bank of India
c.) Punjab National Bank
d.) None

11. Scheduled banks submit _________ returns of their business to the RBI.

a.) daily
b.) weekly
c.) monthly
d.) yearly

12. Since when is India a member of IMF?

a.) 1942
b.) 1945
c.) 1947
d.) 1950

13. Which of the following is RBI not allowed to do?

a.) Pay interest on its deposits
b.) Engage in direct or indirect trade
c.) Acquire or advance loans against immovable property
d.) Purchasing its own shares
e.) All the above

14. When did RBI Act come into existence?

a.) 1933
b.) 1934
c) 1935
d.) 1936

15. When did State Bank of India Act come into existence?

a.) 1954
b.) 1955
c.) 1956
d.) 1957

16. When was Banking Regulation Act Passed?

a.) 1913
b.) 1917
c.) 1947
d.) 1949

17. When was SBI nationalised?

a.) 1955
b.) 1957
c.) 1959
d.) 1980

18. Which of these is not a public sector bank?

a.) Dena Bank
b.) UCO Bank
c.) Vijaya Bank
d.) Citibank

19. The amalgamation of Centurion bank and HDFC bank in India was carried out in the year _______.

a.) 1991
b.) 2000
c.) 2004
d.) 2008

20. Which of the following banks are the subsidiaries of State Bank of India?

a.) State Bank of Bikaner and Jaipur, State Bank of Hyderabad
b.) State Bank of Indore, State bank of Mysore
c.) State Bank of Patiala, State Bank of Saurashtra
d.) State Bank of Travancore
e.) All the above