Banking Awareness Quiz for Bank Exams 2021- 13 April

Q1. First Bank established in India was………….
(a)Bank of India
(b)Bank of Hindustan
(c)Bank of Madras
(d)Bank of Allahabad
(e)None of these

Q2. When was RBI (Reserve Bank of India) nationalized?
(a)1948
(b)1949
(c)1941
(d)1959
(e)1947

Q3. When was RBI (Reserve Bank of India) formed?
(a)1st April 1931
(b)1st July 1935
(c)1st April 1936
(d)1st April 1935
(e)None of these

Q4. Who was the first Governor of RBI (Reserve Bank of India)?
(a)Sir Osborne Smith
(b)Sir Munro
(c)Sir Jones
(d)Sir Lewis
(e)None of these

Q5. Which among the following banks formed the Imperial Bank of India in 1921?
(a)Bank of Madras
(b)Bank of Bombay
(c)Bank of Bengal
(d)All the above
(e)None of these

Q6. Who was the first Indian Governor of RBI (Reserve Bank of India)?
(a)B N Darker
(b)B R Rau
(c)C D Deshmukh
(d)P C Bhattacharya
(e)None of these

Q7. When was the first time RBI issued Currency Notes?
(a)January 1939
(b)February 1949
(c)April 1936
(d)January 1938
(e) January 1947

Q8. Reserve Bank of India was established under which of the following Act?
(a) Reserve Bank of India 1947
(b) Reserve Bank of India 1934
(c) Reserve Bank of India 1931
(d) Reserve Bank of India 1949
(e)None of these

Q9. How many banks were nationalized as on 19 July, 1969?
(a)14
(b)21
(c)11
(d)19
(e)15

Q10. In which year SBI (State bank of India) was formed?
(a)1948
(b)1955
(c)1947
(d)1959
(e) 1965

Solutions

S1.Ans.(b)
Sol. First Bank established in India was Bank of Hindustan.

S2.Ans.(b)
Sol. RBI (Reserve Bank of India) was nationalized in 1st January 1949.

S3.Ans.(d)
Sol. RBI (Reserve Bank of India) was formed on 1st April 1935.

S4.Ans.(a)
Sol. Sir Osborne Smith was the first Governor of RBI (Reserve Bank of India).

S5.Ans.(d)
Sol. Bank of Madras, Bank of Bombay and Bank of Bengal formed the Imperial Bank of India in 1921.

S6.Ans.(c)
Sol. First Indian Governor of Reserve Bank of India is C D Deshmukh.

S7.Ans.(d)
Sol. RBI issued first time Currency Notes in January 1938.

S8.Ans.(b)
Sol. Reserve Bank of India was established under Reserve Bank of India 1934 Act.

S9.Ans.(a)
Sol. 14 banks were nationalized as on 19 July, 1969.

S10.Ans.(b)
Sol. SBI (State bank of India) was formed on 01 July, 1955.

Click Here to Register for Bank Exams 2020 Preparation Material