Banking Awareness Quiz for Bank Exams 2021- 25th April

Q1. The first Regional Rural Bank …………..was set up on October 2, 1975.
(a) Assam Gramin Vikash Bank
(b) Aryavart Bank
(c) Prathama Grameen Bank
(d) Baroda Rajasthan Kshetriya Gramin Bank
(e) None of these

Q2. Regional Rural Banks were set up on
(a) 1989
(b) 1977
(c) 1975
(d) 1973
(e) 1981

Q3. In which year the Regional Rural Banks Act was passed?
(a) 1976
(b) 1986
(c) 1968
(d) 1978
(e) 1984

Q4. Which committee recommended the establishment of the RRBs?
(a) Mehta Committee
(b) Keller Committee
(c) Basu Committee
(d) Narasimham Committee
(e) None of these

Q5. For the purpose of Income Tax Act, 1961, the RRBs are treated as
(a) Co-operative banks
(b) Scheduled commercial banks
(c) Nationalized banks
(d) Non-scheduled banks
(e) None of these

Q6. Which was the first RRB to be set up in the Eastern Region of India?
(a) Odisha Gramin Bank
(b) Assam Gramin Bank
(c) Serampore Gramin Bank
(d) Gaur Gramin Bank
(e) None of these

Q7. The first RRB named Prathama Grameen Bank was sponsored by ______?
(a) Bank of India
(b) Syndicate Bank
(c) State Bank of India
(d) Punjab National Bank
(e) None of these

Q8. Which of the following bank is the sponsor bank of Gramin Bank of Aryavart?
(a) State Bank of India
(b) UCO Bank
(c) Bank of India
(d) Punjab National Bank
(e) None of these

Q9. Which of the following bank is the sponsor bank of Chhattisgarh Rajya Gramin Bank?
(a) Punjab National Bank
(b) Bank of India
(c) UCO Bank
(d) State Bank of India
(e) None of these

Q10. In which states RRBs are not working?
(a) Kerala
(b) Goa
(c) Bihar
(d) Assam
(e) None of these

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Solutions

S1.Ans(c)
Sol. The first Regional Rural Bank was Prathama Grameen Bank.

S2.Ans(c)
Sol. Regional Rural Banks were established under the provisions of an Ordinance passed on 26 September 1975.

S3.Ans(a)
Sol. Regional Rural Banks were established under the provisions of an Ordinance passed on 26 September 1975 and the RRB Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors.

S4.Ans(d)
Sol. Narasimham Committee recommended the establishment of RRBs.

S5.Ans(a)
Sol. For the purpose of the Income-tax Act, 1961, or any other enactment for the time being in force relating to only tax on income, profits or gains, a regional rural bank shall be deemed to be a co-operative society.

S6.Ans(d)
Sol. Gaur Gramin Bank was the first RRB in the Eastern Region of India.

S7.Ans(b)
Sol. Syndicate Bank sponsored the first regional rural bank in India by name Prathama Bank in Uttar Pradesh.

S8.Ans(c)
Sol. Gramin Bank of Aryavart was sponsored by Bank of India.

S9.Ans(d)
Sol. State Bank of India is the sponsor bank of Chhattisgarh Rajya Gramin Bank.

S10.Ans(b)
Sol. RRBs are not working in Goa.

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