Banks in India

Q. Which of the following bank(s) was/were esablished by the British East India Company?

1. Bank of Bengal
2. Bank of Bombay
3. Bank of Madras
4. Reserve Bank of India

Q. How many banks were nationalised by the Government of India on 19 July 1969?

1. 12
2. 14
3. 16
4. 18

Q. Which among the following banks merged with the New Bank of India in 1993?

1. Bank of Baroda
2. Bank of India
3. Central Bank of India
4. Punjab National Bank

Q. Read the following statements and choose the correct option.

Assertion (A): On 19 July 1948, the Government of India nationalised the 14 largest commercial banks in India.

Reason (R): The move was aimed at expanding and making the banks' role inclusive in the country's socio-economic development.

1. Both A and R are true, and R is the correct explanation of A.
2. Both A and R are true, but R is not the correct explanation of A.
3. A is true, but R is false.
4. A is false, but R is true.

Q. Which of the following was a primary focus of nationalisation of banks in India?

1. Commercial economic growth
2. Collective economic growth
3. Sustainable economic growth
4. Privatisation

Q. Which of the following is known as the first modern bank of India?

1. Bank of Baroda
2. Bank of Bengal
3. Bank of Hindustan
4. Central Bank of India

Q. Identify the correct pairs with regards to the evolution of banks in India.

1. First phase
2. Second phase
3. Third phase
4. Nationalisation
5. Banks by British
6. Net banking