Banking Awareness

Here are some MCQs on Foreign Banks in India 1. Which was the first foreign bank to open its branch in India? a) Standard Chartered Bank b) HSBC Bank c) Citibank d) Deutsche Bank 2. Which foreign bank was the first to obtain a full banking license in India? a) Citibank b) HSBC Bank c) … Read more

Here are some MCQs on Private Sector Banks in India 1. Which was the first Indian private sector bank to receive an in-principle approval from the Reserve Bank of India (RBI) to set up a bank? a) ICICI Bank b) HDFC Bank c) Axis Bank d) IndusInd Bank 2. Which private sector bank was earlier … Read more

Here are some MCQs on Types of Banks 1. Which of the following types of banks specialize in providing services to individual customers and small businesses? a) Investment banks b) Commercial banks c) Central banks d) Development banks 2. Which of the following types of banks primarily focus on providing loans and credit facilities? a) … Read more

Here are some MCQs on Types of Banking 1. What is retail banking? a) Banking services offered to individuals b) Banking services offered to businesses c) Banking services offered internationally d) Banking services offered online 2. What is investment banking? a) Banking services offered to individuals b) Banking services offered to businesses c) Banking services … Read more

Here are some MCQs on Major Banking Reforms of 21st century 1. Which major banking reform of the 21st century aimed to strengthen financial stability and protect consumers? a) Basel II b) Dodd-Frank Act c) Volcker Rule d) Sarbanes-Oxley Act 2. What did the Dodd-Frank Act achieve in the banking sector? a) Created the Consumer … Read more

Here are some MCQs on Banking Reforms During Liberalization 1. Which year marked the beginning of banking reforms during liberalization in India? a) 1991 b) 1985 c) 2005 d) 1975 2. The banking reforms were introduced to promote: a) State-controlled banks b) Monopoly in the banking sector c) Efficiency and competition in the banking sector … Read more

Here are some MCQs on Nationalization of Banking 1. When was the nationalization of banking in India initiated? a) 1947 b) 1955 c) 1969 d) 1980 2. Which banking act was passed in India to facilitate the nationalization of banks? a) Banking Companies Act, 1949 b) Banking Regulation Act, 1949 c) Banking Regulation (Amendment) Act, … Read more

Here are some MCQs on Banking Regulation Act 1. Which act is considered the central piece of legislation for regulating banks in India? a) Banking Regulation Act, 1949 b) Reserve Bank of India Act, 1934 c) Negotiable Instruments Act, 1881 d) State Bank of India Act, 1955 2. The Banking Regulation Act, 1949 is administered … Read more

Here are some MCQs on Major Provisions of RBI Act 1. Which Act established the Reserve Bank of India (RBI)? a) Reserve Bank of India (Amendment) Act, 1934 b) Reserve Bank of India Act, 1934 c) Reserve Bank of India (Amendment) Act, 1949 d) Reserve Bank of India Act, 1949 2. The RBI’s primary objective, … Read more