Top 350+ Solved Banking and Insurance MCQ Questions Answer

From 376 to 386 of 386

Q. Bank classifications according to law are

a. Private Bank

b. Scheduled bank

c. Non-scheduled bank

d. Both (b) and (c)

  • d. Both (b) and (c)

Q. The first public bank was

a. SBI

b. Rural Bank

c. PNB

d. Bank of Venice

  • d. Bank of Venice

Q. Modern Banking in India originated during the

a. 16th Century

b. 18th Century

c. 17th Century

d. 19th Century

  • b. 18th Century

Q. The largest and oldest bank still in existence is the

a. Bank of Baroda

b. Reserve Bank of India

c. State Bank of India

d. Axis Bank

  • c. State Bank of India

Q. The previous name of S.B.I which existed during the British rule was

a. Bank of Bengal

b. Bank of Calcutta

c. Bank of Bombay

d. Imperial Bank of India

  • c. Bank of Bombay

Q. NABARD stands for

a. National Bank for Agriculture and Rural Development

b. National Agriculture Bank and Rural Development

c. National Allied Bank for Regional Development

d. National Bank for Agriculture and Regional Development

  • a. National Bank for Agriculture and Rural Development

Q. Public sector bank is a bank where the central government owned more than

a. 60% shares

b. 50% shares

c. 25% shares

d. 49% share

  • b. 50% shares

Q. Which one of this is a private sector bank

a. Canara Bank

b. Indian Overseas Bank

c. Punjab National Bank

d. Induslnd Bank

  • d. Induslnd Bank

Q. Which one of this is not a function of Mobile Banking

a. Balance Enquiry

b. Cash Withdrawal

c. Fund transfer

d. Bill Payment

  • b. Cash Withdrawal

Q. NABARD was set up in the year

a. 1981

b. 1982

c. 1983

d. 1984

  • b. 1982
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