NME BANKING SYSTEM IN INDIA

Which bank was first established in India?

• Bank of Bombay

• Bank of Hindustan

• Bank of Calcutta

• Bank of Madras

_______bank was run by Indian Merchants during 1890's

• Punjab national bank

• Allahabad bank

• Bank of upper India

• None of the above

Banking regulation act formed in______

• 1949

• 1947

• 1935

• 1948

In which year first demonetization was happened in India

• 1949

• 1946

• 1956

• 1935

The primary relationship between banker and customer starts when_____

• Customer visit the bank

• Customer opens an account with the bank

• customer visit the bank to ask queries

• None of the above

When banker received deposits from the customer, then the banker becomes -------------- of the customer.

• Debtor

• Creditor

• Trustee

• Bailee

When customer request the banker to keep his valuables in safe vaults The banker will act as_____

• Bailee

• Bailor

• Trustee

• Beneficiary