Banking Knowledge Capsule

1. Under which RBI was nationalized
a) Transfer of Private Ownership Act, 1944
b)Transfer of Public Ownership Act, 1948
c) Transfer of Joint Ownership Act, 1940
d) None of these

2..Where are four regional centres of RBI located?
a)Mumbai, Kolkata,Chennai and Delhi
b) Kolkata, Chennai, Mumbai, Gujrat
c) Gurarat, Mumbai, Kolkata,
D) None of these

3..Scheduled Commercial Banks have paid up capital and reserves–aggregate value of not less than:
a)Rs.5,00,000
b) Rs.6,00,000
c) Rs.8,00,000
d)None of these

4. Scheduled Commercial Banks has to maintain their CRR up to:
a)3% of their time and demand liabilities
b) 5% of their time and demand liabilities
c) 7% of their time and demand liabilities
d) None of these

5..Scheduled Commercial Banks’ CRR can go up to maximum of:
a) 15%
b) 16%
c) 17%
d)None of these

6.How many Public Sector Banks are nationalized:
a)14
b) 20
c) 21
d) None of these

7.How many Public Sector Banks were nationalized on 19-07-1969:
a)14
b) 15
c) 16
d) None of these

8.Underwhich Act, Industrial Reconstruction Bank of India was reconstituted:
a)IRBI Act,1984
b) IRBI Act, 1986
c) IRBI Act, 1987
d) None of these

9.Minimum Paid up capital for Private Sector Bank must be:
a)100 Crore
b) 150 Crore
c) 105 Crore
d) None of these

10.On 2-10-1975,which types of banks were established:
a) Public Sector Banks
b) Private Sector Banks
c)Regional Rural Banks
d) None of these

11.Local Area Banks were established on:
a)24.08.1996
b) 24.09.1995
c) 24.07.1992
d) None of these

12..Local Area Banks were registered as public limited companies under which act:
a)Companies Act, 1956
b) SEBI Act, 1885
c) Limited Liability Partnership Act
d) None of these

13..Full form of NBFC
a)Non-Banking Finance Companies
b) Non-Banking Financial Corporation
c)National Banking Financial Corporation
d) None of these

14..LIC was established in which year:
a)1956
b) 1965
c) 1977
d) None of these

15..National Bank for Agricultural and Rural Development was established in:
a)1982 under act of parliament
b) 1985 underact of parliament
c) 1988 under act of parliament
d) None of these

16.LIC established on:
a)01.09.1956
b) 01.10.1965
c) 01.09.1965
d) None of these

17..What was the establishement year of UTI inIndia:
a)1963, By Act of Parliament
b) 1965, By Act ofParliament
c) 1969, By Act of Parliament
d) None of these

18..General Insurance Corporation of India was formed and registered on:
a) January 1973
b)January 1974
c) February 1975
d) None of these

19.General Insurance Corporation of India was registered under:
a)Insurance Act, 1938
b) Companies Act, 1956
c) SEBI Act, 1885
d) None of these

20..EXIM means:
a)Export and Import Bank of India
b) Exchange in Monetary Transaction
c) Export in Monetary Transaction
d) None of these

21.The Export and Import Bank of India act passed on:
a)1981
b) 1984
c) 1986
d) None of these