Banking Quiz

What is the primary function of a bank?

• Accepting deposits

• Real estate management

• Selling stocks

• Providing insurance

When did modern banking in India originate?

• 20th century

• 19th century

• 18th century

• 17th century

Which was the first bank established in India?

• Bank of Hindustan

• Allahabad Bank

• General Bank of India

• Punjab National Bank

What is the role of commercial banks in economic development?

• Promoting capital formation

• Controlling inflation

• Regulating stock markets

• Managing government funds

Which type of deposit allows withdrawal at any time?

• Savings Deposit

• Recurring Deposit

• Current Deposit

• Fixed Deposit

What is a primary function of commercial banks?

• Insurance services

• Stock trading

• Advancing loans

• Real estate investment

What is the oldest surviving joint stock bank in India?

• Punjab National Bank

• Allahabad Bank

• Bank of India

• Central Bank of India

What type of loan allows a depositor to withdraw more than their account balance?

• Cash Credit

• Overdraft

• Consumer Credit

• Term Loan

Which bank was established as a result of the Swadeshi movement?

• Canara Bank

• Oudh Commercial Bank

• Union Bank

• Bank of Baroda

What is the function of the Reserve Bank of India?

• Regulating banking system

• Issuing insurance policies

• Providing loans to individuals

• Managing stock exchanges