Question 1

Second nationalisation of commercial banks (6 banks)was in the year

Accepted Answer

A)  1979
B)  1980
C)  1984
D)  1976 B

Question 2

Primary functions of a commercial banks are ........... and lending

Accepted Answer

A)  honouring cheques
B)  accepting deposits
C)  issuing cheques
D)  issuing dd B

Question 3

Bankers are not only purveyors of money but also an important sense they are

Accepted Answer

A)  consumers
B)  manufacturers
C)  lenders
D)  borrowers B

Question 4

Possession of a security practically with the banker is in the case of

Accepted Answer

A)  mortgage
B)  pledge
C)  hypothecation
D)  hire purchase

Question 5

The total number of public sector banks in India is

Accepted Answer

A)  14
B)  12
C)  28
D)  22

Question 6

Indian Institute of Bankers is registered as.............

Accepted Answer

A)  trustee
B)  association
C)  joint stock company
D)  co-op society

Question 7

In India ............. banks are nationalised in the year 1969

Accepted Answer

A)  16
B)  19
C)  14
D)  22

Question 8

Unless otherwise specified DD or cheques is valid for a period of;

Accepted Answer

A)  6 months
B)  1 year
C)  3 months
D)  one month

Question 9

The head quarters of National Housing Bank is

Accepted Answer

A)  new delhi
B)  mumbai
C)  agra
D)  hyderabad

Question 10

Indian banks were nationalised in the year

Accepted Answer

A)  1949
B)  1969
C)  1959
D)  1979

Question 11

The Head quarters of Allahabad Bank is

Accepted Answer

A)  allahabad
B)  mumbai
C)  calcutta
D)  delhi

Question 12

The terms drawer, drawee and payee are associated with;

Accepted Answer

A)  cheques
B)  promissory notes
C)  delivery order
D)  hundies

Question 13

The largest public sector bank in India is

Accepted Answer

A)  rbi
B)  sbi
C)  canara bank
D)  indian overseas bank

Question 14

Cooperative banks are registered under.............

Accepted Answer

A)  rbi act
B)  banking regulation act
C)  co-operative societies act
D)  any of the above

Question 15

The first Regional Rural Bank came into existence on

Accepted Answer

A)  1972
B)  1964
C)  1975
D)  1977

Question 16

RBI was nationalised in the year

Accepted Answer

A)  1941
B)  1949
C)  1943
D)  1935

Question 17

Money at call and short notice of a bank is ............

Accepted Answer

A)  secured advance
B)  bankers second line of advance
C)  widely distributed loans
D)  all the above

Question 18

The 'Teller System' has been introduced by banks to.........

Accepted Answer

A)  canvas more customers
B)  make quick payment of cheque
C)  clarify enquiries
D)  advice customers

Question 19

Where the RBI has no branch the bank which can act as its agent is;

Accepted Answer

A)  any commercial bank
B)  any nationalised bank
C)  sbi
D)  indian bank

Question 20

RRB Act was enacted in the year

Accepted Answer

A)  1974
B)  1979
C)  1975
D)  1976

Exam 1: Indian Banking System and Operations: A Comprehensive Overview

Second nationalisation of commercial banks (6 banks) was in the year