Questions on Banking history and Banking terminologies which are generally being asked in all types of competitive exams.
1. History of Banking in India
Which was the first bank established in India?
-
Bank of Hindustan
In which year was the State Bank of India (SBI) formed?
-
1955
Which act governs the functioning of banks in India?
-
Banking Regulation Act, 1949
Which was the first Indian bank to open a branch outside India?
-
Bank of India
When was the Imperial Bank of India renamed as State Bank of India?
-
1955
2. Reserve Bank of India (RBI) – Roles & Functions
In which year was RBI established?
-
1935
Who was the first Governor of RBI? →
Osborne Smith
What
is
the headquarters of RBI?
-
Mumbai
Which committee recommended the establishment of RBI? →
Hilton Young Committee
RBI was nationalized in which year?
-
1949
3. Monetary Policy and its Instruments
Which rate is used by RBI to control inflation?
-
Repo Rate
What is the full form of SLR? →
Statutory Liquidity Ratio
Which tool is used by RBI to absorb liquidity from banks?
-
CRR
Open Market Operations (OMO) are conducted by which institution? →
RBI
What is the full form of MSF?
-
Marginal Standing Facility
4. Basel Norms (Basel I, II, III)
Basel norms are related to which sector?
-
Banking
Basel norms were issued by which organization? →
Bank for International Settlements (BIS)
Basel III focuses on which type of risk management?
-
Capital & Liquidity Risk
What is the minimum CRAR required under Basel III norms? →
9%
In which year were Basel I norms introduced?
-
1988
5. Banking Terminology
What does NPA stand for in banking?
-
Non-Performing Asset
What is the full form of UPI? →
Unified Payments Interface
Which banking service allows money transfer in real-time?
-
RTGS
What is the minimum balance requirement for a Basic Savings Bank Deposit Account (BSBDA)? →
Zero
What does PSL stand for in banking?
-
Priority Sector Lending
6. Financial Institutions & Committees
Which financial institution regulates the stock market in India? →
SEBI
NABARD is mainly related to which sector?
-
Agriculture
Which financial institution provides export credit to Indian businesses? →
EXIM Bank
IRDAI regulates which sector? →
Insurance
The
Narasimham
Committee is related to which sector?
-
Banking Reforms
1. Nationalization of Banks in India
In which year were 14 banks nationalized in India?
-
1969
Who was the Prime Minister during the 1969 bank nationalization?
-
Indira Gandhi
How many banks were nationalized in 1980? →
6
Which is the largest public sector bank in India?
-
State Bank of India (SBI)
Which bank was merged with Punjab National Bank in 2020? →
Oriental Bank of Commerce & United Bank of India
2. Types of Banks
Which type of bank primarily serves rural areas?
-
Regional Rural Bank (RRB)
Name one Payment Bank in India. →
Airtel Payments Bank
Which type of banks are regulated under the Cooperative Societies Act? →
Cooperative Banks
Small Finance Banks are set up to serve which sector?
-
Small Businesses & Low-Income Groups
Which is the first Small Finance Bank of India? →
Capital Small Finance Bank
3. Priority Sector Lending (PSL)
What is the current PSL target for banks in India? →
40%
Name one sector under Priority Sector Lending. →
Agriculture
Which organization monitors PSL in India? →
RBI
What is the PSL target for Small Finance Banks? →
75%
Which category of banks is required to lend more to the Priority Sector?
-
Regional Rural Banks (RRBs)
4. Non-Performing Assets (NPA) and its Classification
An asset is considered NPA if it remains unpaid for more than how many days? →
90 days
Which category of NPA is the worst for banks?
-
Loss Asset
Which organization manages bad loans and NPAs of Indian banks?
-
National Asset Reconstruction Company Ltd. (NARCL)
Which RBI initiative helps banks recover NPAs? →
SARFAESI Act
What is the full form of SMA in banking?
-
Special Mention Account
1. Digital Banking – UPI, NEFT, RTGS, IMPS, E-Wallets
What is the full form of UPI?
-
Unified Payments Interface
Which organization developed UPI? →
NPCI
What is the maximum transaction limit for UPI per day? →
₹1 lakh
What is the full form of NEFT? →
National Electronic Funds Transfer
What is the settlement type of NEFT? →
Batch Settlement
What is the full form of RTGS?
-
Real-Time Gross Settlement
What is the minimum transaction amount for RTGS? →
₹2 lakh
IMPS transactions are processed in which mode? →
Real-time
What is the full form of IMPS? →
Immediate Payment Service
What is the maximum amount transferable via IMPS? →
₹5 lakh
Which digital wallet is owned by Paytm? →
Paytm Wallet
Which mobile payment service was launched by Google in India?
-
Google Pay
Which payment system allows linking multiple bank accounts to a single app? →
UPI
Which organization regulates digital payments in India?
-
RBI
What is the full form of NPCI?
-
National Payments Corporation of India
2. Financial Inclusion – PMJDY, Mudra Yojana, etc.
What does PMJDY stand for?
-
Pradhan Mantri Jan
Dhan
Yojana
What is the main objective of PMJDY? →
Financial Inclusion
What type of bank account is opened under PMJDY? →
Zero Balance Account
Which government scheme provides small business loans without collateral? →
Mudra Yojana
What does MUDRA stand for? →
Micro Units Development and Refinance Agency
Name the three categories of loans under Mudra Yojana.
-
Shishu
, Kishor,
Tarun
What is the maximum loan amount under the
Shishu
category? →
₹50,000
What is the maximum loan amount under the
Tarun
category? →
₹10 lakh
Which financial scheme offers life insurance coverage of ₹2 lakh for ₹330 per year? →
Pradhan Mantri Jeevan Jyoti
Bima
Yojana (PMJJBY)
What is the insurance coverage under Pradhan Mantri Suraksha
Bima
Yojana (PMSBY)?
-
₹2 lakh
Which scheme provides pensions to unorganized sector workers? →
Atal Pension Yojana (APY)
Under which scheme do Self-Help Groups (SHGs) receive financial aid?
-
DAY-NRLM
What is the loan limit under the Stand-Up India Scheme? →
₹10 lakh – ₹1 crore
Which scheme promotes digital transactions among merchants?
-
Digital India Programme
Name the agency responsible for implementing PMJDY.
-
Ministry of Finance
