Quiznetik

Modern Banking and Insurance | Set 1

1. The first chartered bank was established at---------------------

Correct : B. philadelphia

2. The first chartered bank was established in the year --------------------

Correct : A. 1781

3. Bank is an institution which deals with --------------

Correct : A. money

4. The word meaning of Banco is ---------------

Correct : A. heap

5. Bank of Hindustan was established at -------------------------

Correct : A. bombay

6. General Bank of India was established in -----------------------

Correct : C. 1786

7. Upper bank of India was established in -----------

Correct : C. 1863

8. Second phase of Indian banks were nationalized in

Correct : B. 1969

9. The third phase of development banking in India started in early

Correct : B. 1990

10. The apex institution in the financial system of a country is

Correct : A. central bank

11. Industrial bank also known as

Correct : A. investment bank

12. SIDBI was established in the year: [a]1990 [b]1995 [c]1985 [d]1969. 16. RRBs are coming under

Correct : A. private sector

13. Initially central bank was established at

Correct : D. calcutta.

14. The central office of RBI is at ----------------------------

Correct : A. mumbai

15. Central bank was nationalised in: [a]1949 [b] 1934 [c] 1935 [d] 1940. 20. RBI was established in the year-------------------------

Correct : A. 1935

16. Which one is the banker’s bank?

Correct : A. rbi

17. Which one is the custodian of foreign balances of country?

Correct : A. rbi

18. Which one is the controller of credit?

Correct : A. rbi

19. IFCI was established in the year................

Correct : A. 1948

20. Money market is a part of

Correct : D. financial market.

21. Money market is a market for-------------------fund

Correct : A. short term fund

22. CDs was introduced in:

Correct : A. 1989

23. Commercial papers were introduced in:

Correct : D. 1990

24. Treasury bills are issued by

Correct : A. rbi

25. Treasury bills are available for minimum amount of Rs.-------------------

Correct : B. 25000

26. The government of India passed the SFC Act in ---------------------

Correct : A. 1951

27. Maturity period of CDs ranges from

Correct : B. 3 months to 1 year

28. MMMFs was introduced by

Correct : A. rbi

29. MMMFs was introduced in

Correct : C. 1992

30. The goal of MMMFs was to provide short term avenue to:

Correct : C. investors

31. DFHI was set up in

Correct : A. 1988

32. REPO rate was introduced in

Correct : B. 1992

33. On 29th September 2015 repo rate is

Correct : A. 6.75

34. Reverse repo is introduced in

Correct : C. november 1996

35. On 29th September 2015 reverse repo rate is

Correct : A. 5.75

36. Find odd one

Correct : D. m-banking.

37. Find odd one

Correct : D. indigeneous bankers.

38. On 29th September 2015 bank rate is

Correct : C. 7.75

39. On 29th September 2015 the percentage of CRR is

Correct : B. 4

40. On 29th September 2015 the SLR is

Correct : C. 21

41. The method of banking in which customers conduct transaction through internet

Correct : B. e-bank

42. Voice recognition capability can be through

Correct : C. m-banking

43. Consortium means -------------------------

Correct : A. partnership

44. Banking with a conscience is --------------------

Correct : B. social banking

45. Ethical Banking is --------------------

Correct : B. social banking

46. Alternative Banking is --------------------

Correct : B. social banking

47. Civic Banking is --------------------

Correct : B. social banking

48. Sustainable Banking is --------------------

Correct : B. social banking

49. Which one serves as a form of revolving credit?

Correct : C. credit card

50. ATM and debit cards are combined in to a single card called

Correct : C. credit card

51. NEFT is ---------------------- payment system facilitating one to one fund transfer.

Correct : A. nationwide

52. The minimum amount to be remitted through RTGS is R.S

Correct : A. 2 lakh

53. NEFT operates in ---------------- batches

Correct : A. hourly

54. CTS in India is a project undertaken by -------------------

Correct : D. rbi.

55. CTS in INDIA is undertaken during

Correct : C. 2008

56. RBI first implemented CTS at [a] Delhi [b] Kolkata [c] Mumbai [d] Bangalore. 63. CTS operation started across the country in

Correct : A. 2000

57. The banking ombudsman scheme is introduced under ----------------- section of banking regulation Act

Correct : A. 35 a

58. The banking ombudsman scheme is introduced by

Correct : A. rbi

59. The banking ombudsman scheme working is effect from

Correct : B. 1995

60. Narasimham committee submitted its report in------------------

Correct : D. november 1991.

61. Narasimham committee II submitted its report in------------------

Correct : A. 1998

62. Insurance is a-----------------------------------------

Correct : A. charity

63. The Indian Marine Insurance Act was passed in

Correct : A. 1963

64. Marine insurance was first started in

Correct : A. italy

65. Lloyd’s Association formed policy in the year

Correct : A. 1779

66. Fire insurance was firstly used at-----------------------------

Correct : B. germany

67. Fire Insurance Company opened in London by

Correct : A. nicholas borban

68. First fire insurance company opened at

Correct : A. london

69. In India first fire insurance company was established in

Correct : A. 1850

70. The first life insurance policy was issued in the year

Correct : A. 1653

71. As an institution life insurance was established in

Correct : B. 1679

72. LIC was established on September

Correct : B. 1956

73. In India Insurance Act was passed in

Correct : A. 1912

74. The first Indian Insurance company started in the year

Correct : C. 1850

75. Life insurance business was nationalized in the year

Correct : A. 1956

76. General insurance business Act was passed in

Correct : A. 1972

77. Indian fire insurance was started in the year

Correct : C. 1825

78. In India , fire insurance was started at -----------------

Correct : A. madras

79. General insurance business act was came in to force from the year

Correct : A. 1973 `

80. Find odd one; On the basis of risk insurance can be

Correct : C. social insurance

81. Burglary insurance firstly developed at-------------------

Correct : A. u.k

82. Burglary insurance firstly developed in ------------------

Correct : A. 1887

83. General insurance were nationalised in the year

Correct : A. 1972

84. When an insurer transfers a part of risks on particular policy by insuring it with some others. Then it is called---------------

Correct : C. re –insurance

85. IRDA was passed in the year

Correct : D. 1999.

86. IRDA permitted co-operative insurance organisation in the year

Correct : D. 2005.

87. The institution which promote international trade

Correct : D. exim bank.

88. Those banking have large scale operations and geographical spreading of risks

Correct : C. branch banking

89. The number of banks nationalised in 1969

Correct : B. 14

90. Unit banking is referred to as

Correct : A. local banking

91. The number of banks nationalised in 1980

Correct : C. 6

92. The institution which promote agriculture and rural development

Correct : A. nabard

93. Imperial bank was nationalised in the year

Correct : B. 1955

94. The rate at which Central Bank grant loans to the commercial banks against the security is :

Correct : C. bank rate

95. The national housing bank was established in the year

Correct : C. 1988