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Question 1

Define Bank in simple terms

Answer 1

1. Bank is an intermediary between depositors and borrowers.
2. A bank is a financial institution that provides banking and other financial services.

Question 2

Define banking as per RBI

Answer 2

As per section 5(b) of the Banking Regulation Act, 1949, banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, withdraw-able on cheque, draft, order or otherwise.

Question 3

Banking in India has a very long history starting from the late __th century.

Answer 3

18

Question 4

The origin of modern banking started from ___ in the name of “Bank of Hindustan” by English agency ‘House of Alexander & Co’ in Kolkatta however it was closed in1832.

Answer 4

1770

Question 5

The first Presidency Bank was the __, established by East India Company on 2nd June, 1806.

Answer 5

Bank of Calcutta

Question 6

The origin of the __ can be traced back to Bank of Calcutta.

Answer 6

State Bank of India(1st July 1955)

Question 7

The second presidency bank was the __ which was incorporated on 15th April 1840.

Answer 7

Bank of Bombay (15th April 1840)

Question 8

The third presidency bank was __ which was incorporated on 1st July 1843.

Answer 8

Bank of Madras

Question 9

The ___ were re-organized and amalgamated to form a single entity named “Imperial Bank Of India” on 27th January ,1921. It was later transformed into “State Bank Of India” in 1955 July 1st.

Answer 9

three presidency banks

Question 10

The imperial bank of India renamed as state bank of India under the __.

Answer 10

“All India rural survey committee” or Gorwala committee”

Question 11

SBI
1. Full Form
2. Board of Directors
3. Headquarters
4. Tagline

Answer 11

1. State Bank of India
2. Shri Dinesh Kumar Khara, (Chairman)
   Four MDs:
   Shri C.S. Setty
   Shri Ashwini Kumar Tewari
   Shri Swaminathan J.
   Shri Alok Kumar Choudhary
3. Mumbai
4. 1) A Bank Of The Common Man
   2) Pure Banking Nothing Else
   3) The Banker To Every Indian
   4) The Nation Banks On Us
   5) With You All The Way
   6) You Can Always Bank On Us

Question 12

__ was setup, under the European Management in 1865.

Answer 12

Allahabad Bank

Question 13

Allahabad Bank
1. Established on
2. Merged with
3. Merged on
4. Established by

Answer 13

1. 24th April 1865
2. Indian Bank
3. 1 April 2020
4. European Management

Question 14

Indian Bank
1. Founded on
2. Founded by
3. Headquarters
4. MD and CEO
5. Tagline

Answer 14

1. 15 August 1907
2. S.RM.M. Ramaswami Chettiar
3. Chennai
4. Shri Shanti Lal Jain
5. Your Own Bank/ Apka Apna Bank

Question 15

1. Define Merger
2. Define Amalgamation

Answer 15

1. Merger: Where assets and liabilities of one company are transferred to another and the first company loses its existence.
2. Amalgamation: Where two or more companies merge into a third new company and the existing company loses its existence.

Question 16

First bank partially managed by Indians ___.

Answer 16

Oudh Commercial Bank(1881- 1958)