Banking and Financial awareness questions

Here are few banking and financial awareness questions for practice.

1. The International Bank for Reconstruction and Development (IBRD) is better known as
World Bank  Asian Development Bank  IMF  It is known by its name  None
 

2. When was the Reserve Bank of India established?
1935  1920  1928  1947  None
 

3. Which is the largest commercial bank in India?
Reserve Bank of India  State Bank of India  ICICI Bank  IDBI Bank  Bank of India
 

4. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Reserve Bank of India  Imperial Bank of India  Bank of India  Union Bank of India  None
 

5. When was the Imperial Bank of India nationalized to form the State Bank of India?
1947  1949  1951  1955  None
 

6. The Reserve Bank of India was nationalized in?
1947  1948  1950  1956  None
 

7. What is a Bank which has capital and reserves of over Rs. 5 lakhs called?
National Bank  Cooperative Bank  Scheduled Bank  Unscheduled Bank  None
 

8. Bank of Hindustan is the oldest bank in India. When did it start functioning?
1990  1770  1885  1892  None
 

9. The Export-Import (EXIM) Bank was set up in
1982  1983  1987  1985  None
 

10. When did Regional Rural Banks start functioning in India?
1975  1947  1956  1960  None
 

11. In India, income tax is levied by
Union Government  State Governments  Ministry of Finance  RBI  SBI
 

12. In India, coins and subsidiary coins are issued by
Union Government  State Government  Reserve Bank of India  Ministry of Finance  Supreme Court
 

13. Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf?
State Bank of India  Reserve Bank of India  Ministry of Finance  Union Parliament  None
 

14. Where is the headquarters of Asian Development Bank (ADB) situated?
Manila  Delhi  Bangkok  Hong Kong  Malaysia
 

15. When was the International Monetary Fund (IMF) established?
1944  1945  1948  1950  None
 

16. Which of the following has the sole right of issuing paper notes in India?
Union Government  State Bank of India  Reserve Bank of India  Ministry of Finance  Supreme Court
 

17. Decision taken at Bretton Woods Conference led to the formation of
IDA  IMF  ADB  IFC  None
 

18. The International Finance Corporation (IFC) was established in?
1956  1972  1985  1960  None
 

19. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?
Asian Development Bank  IMF  International Developmental Association  International Finance Corporation  None
 

20. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
Asian Development Bank  IMF  International Developmental Association  International Finance Corporation  None
 

21. Who is known as the ‘Father of Economics’?
Adam Smith  Chanakya  Amartya Sen  Machiavelli  None
 

22. Which was the first Indian Bank to introduce credit card?
State Bank of India  Central Bank of India  Reserve Bank of India  Union Bank of India  ICICI Bank
 

23. Euro is the currency of European Union. When did it come into being?
1995  1999  2000  2001  2002
 

24. When did the Foreign Exchange Regulation Act (FERA) come into being?
1973  1975  1980  1981  1982
 

25. When did India become a member of the IMF?
1947  1956  1960  1951  None
 

26. What is the main purpose of currency?
standard of postponed payments  standard of money  symbol of status  medium of exchange  None
 

27. What does devaluation of a currency mean?
decrease in the internal value of money  decrease in the external value of money  decrease both in the external and internal values of money  increase in the internal value of money  increase in the external value of money
 

28. Which of the following is known as plastic money?
bearer cheques  credit cards  demand drafts  gift cheques  None
 

29. State Financial Corporations give assistance mainly to develop
small and medium scale industries  agricultural farms  cotton industry  large scale industries  none
 

30. What does the term NSDL stands for?
National Securities Development Limited  National Securities Depository Limited  National Safety Development Limited  Natural Safety Deployment Limited  None