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WorksheetsBanking Law
Total questions: 15
Worksheet time: 15mins
Banking includes
Accepting of deposits
Lending of money
Investing of money
All the above
Primary activity of a commercial bank includes
Accepting of deposits
Lending money
Issuing letter of credit
Both a and b
The bank that was established at the earliest point in time among the following was
General Bank of India
Allahabad Bank
Bank of Madras
Bank of Calcutta
Which of the Acts was passed for the purpose of streamlining the functioning and activities of commercial banks in India?
State Bank of India Act
RBI Act
Banking Companies Act/ Banking Regulation Act
What was Imperial Bank renamed as?
Bank of Baroda
General Bank of India
Reserve Bank of India
State Bank of India
How many banks were nationalized in 1969? (Phase 1 of Bank Nationalisation)
10
6
14
15
The majority of stake in a public sector bank is held by
RBI
SBI
Govt of India
Both RBI and GoI
Which of the following banks caters specifically to the development of rural economy?
Public sector banks
Old generation private sector banks
New generation private sector banks
Regional Rural Banks
Which banks were merged to form the Imperial Bank of India?
Bank of Madras, Bank of Calcutta and Bank of Bombay
Bank of Madras, and General Bank of India
Bank of Calcutta and General Bank of India
Bank of Bombay and General Bank of India
Which among the two can avail currency chest facilities and membership to the clearance house as per the RBI Act?
Scheduled Banks
Non Scheduled Banks
Which of the following is not considered a category of commercial banks?
Private sector banks
Foreign banks
Public sector banks
Cooperative banks
Chit funds are a kind of
Public sector bank
Cooperative Bank
Non banking financial intermediary
Regional rural bank
Self Help Group Bank Linkage programme is a model of -----
Micro finance
Chit funds
Cooperative banks
Which of the following is not a source of rural credit?
Cooperative credit societies
Regional Rural Banks
Commercial banks
Merchant banks
NABARD and SIDBI are ---
Commercial banks
Development banks
Cooperative banks
