Foreign Banks in India

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) Standard Chartered Bank

d) Deutsche Bank

3. In which year did the Reserve Bank of India allow foreign banks to set up wholly-owned subsidiaries in India?

a) 2004

b) 2009

c) 2014

d) 2019

4. Which foreign bank became the first to convert its Indian branch into a wholly-owned subsidiary?

a) Standard Chartered Bank

b) HSBC Bank

c) Citibank

d) Deutsche Bank

5. How many foreign banks are currently operating in India as of 2021?

a) 40

b) 45

c) 50

d) 55