History of Banking

Before the time of currencies, banking was done by trading...

• grain

• pearls

• diamonds

• metal

where were the first grain banks developed

• Egypt

• Mesopotamia

Who developed first metal coins

• The Chinese

• The Romans

• The Lydians

• The Egyptians

First ATMs developed around

• 1990s

• 1960s

largest and oldest bank in india..

• ADCB

• SBI

• RBI

• East India Bank

1 when was the reserve bank of India nationalised? 

• 1942 

• 1924 

• 1949 

• 1956 

Which of these was an impact of nationalisation? 

• Increased efficiency 

• Setting up branches of various foreign banks in India

• Moving banking online 

• Providing stability for the banks 

When did the liberalisation phase begin? 

• 1924

• 1942

• 1956

• 1991

What was the phase 2 of Indian banking? 

• liberalisation

• Banking sectors reforms phase 

• Nationlisation 

• Banking regulation act