Economics (Part – XII)

31. The first bank of India which was established in 1881 and operated by Indians is________. [S.S.C. Online C.P.O. S.I. 7.06.2016 (Shift-I)]

(a) State Bank of India
(b) Punjab National Bank
(c) Avadh Commercial Bank
(d) Hindustan Bank

Correct Answer: (c) Avadh Commercial Bank

Solution:Awadh (Oudh) Commercial Bank was the first bank established in 1881 and governed exclusively by Indians on the basis of extending loans.

32. Lala Lajpat Rai was the founder of which of the following banks? [S.S.C. Online MTS (T-I) 6.08.2019 (Shift-I)]

(a) Union Bank of India
(b) State Bank of India
(c) Bank of Baroda
(d) Punjab National Bank

Correct Answer: (d) Punjab National Bank

Solution:Lala Lajpat Rai was the founder of Punjab National Bank. This bank was established in 1894 AD in Lahore.

33. In which year was the State Bank of India created following the passage of the Imperial Bank of India into state ownership? [S.S.C. Online MTS (T-I) 14.10.2021 (Shift-II)]

(a) 1965
(b) 1955
(c) 1947
(d) 1950

Correct Answer: (b) 1955

Solution:The creation of the State Bank of India in July 1955 followed the passage of the Imperial Bank of India into state ownership. The nationalization of the Imperial Bank represented the culmination of a protracted debate on its role in independent India.

34. In which of the following cities is the corporate centre of State Bank of India (SBI) situated? [S.S.C. Online CHSL (T-I) 4.08.2021 (Shift-I)]

(a) Bengaluru
(b) Mumbai
(c) Kolkata
(d) Hyderabad

Correct Answer: (b) Mumbai

Solution:The corporate centre of State Bank of India (SBI) is located in Mumbai. It is the largest bank in India.

35. Which of the following is one of the three 'Domestic Systemically Important Banks' in India? [S.S.C. Online CGL (T-I) 17.08.2021 (Shift-I)]

(a) RBL Bank (RBL)
(b) Axis Bank
(c) State Bank of India (SBI)
(d) Federal Bank

Correct Answer: (c) State Bank of India (SBI)

Solution:SBI, ICICI Bank, and HDFC Bank identified as Domestic Systemically Important Banks (D-SIBS), under the same bucketing structure as in the 2018 list of D-SIBS. The D-SIB framework focuses on the impact that the distress or failure of banks will have on the domestic economy. The D-SIB framework requires the Reserve Bank to disclose the names of banks designated as D-SIBS starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISS).

36. Where is the head office of Vijaya Bank situated? [S.S.C. Online MTS (T-I) 19.08.2019 (Shift-I)]

(a) Bangalore
(b) Mumbai
(c) Delhi
(d) Kolkata

Correct Answer: (a) Bangalore

Solution:The headquarters of Vijaya Bank is located in Bangalore (Karnataka). It has merged with Bank of Baroda.

37. Which one of the following is a nationalized bank in India? [S.S.C. Online MTS (T-I) 16.08.2019 (Shift-III)]

(a) Axis Bank
(b) State Bank of India
(c) ICICI Bank
(d) Yes Bank

Correct Answer: (b) State Bank of India

Solution:State Bank of India is a nationalized bank in India. The other three are private sector banks. State Bank of India is the largest bank among the public sector banks.

38. Where is the headquarter of 'Bank of Baroda' located? [S.S.C. Online MTS (T-I) 5.08.2019 (Shift-III)]

(a) Pune
(b) Kolkata
(c) Vadodara
(d) Mumbai

Correct Answer: (c) Vadodara

Solution:The headquarter of Bank of Baroda is located in Vadodara, Gujarat. This bank was established in July, 1908.

39. What is the tagline of UCO Bank? [S.S.C. Online MTS (T-I) 5.08.2019 (Shift-III)]

(a) Where every individual is committed
(b) Faithful errand friendly
(c) Honors Your Trust
(d) Good people to bank with

Correct Answer: (c) Honors Your Trust

Solution:The tagline of UCO Bank is 'Honors Your Trust'.

40. The National Bank for Agriculture and Rural Development (NABARD) was established in : [S.S.C. Online CHSL (T-I) 19.03.2020 (Shift-II)]

(NABARD)

(a) 1991
(b) 1975
(c) 1982
(d) 1987

Solution:National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an Act of the Parliament. NABARD, as a Development Bank, is mandated for providing and regulating credit and other facilities for the promotion and development of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas, and for matters connected therewith or incidental thereto.