Which bank was united with the Punjab National Bank in 1993?
Answer: C
Correct answer: New Bank of India
New Bank of India was merged into Punjab National Bank in 1993. It remains the only instance of one nationalised bank being merged with another before the consolidation of 2019-20, and it was done because New Bank of India was in serious difficulty.
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GNP is equal to
Answer: B
Correct answer: total output minus intermediate consumption
National output must be counted net of intermediate consumption, or the same value would be counted at every stage of production. Only the value added at each stage - that is, final goods and services - enters GNP.
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Who was the first Indian Governor of RBI?
Answer: A
Correct answer: C. D. Deshmukh
Sir Chintaman Dwarakanath Deshmukh became the first Indian Governor of the RBI in 1943. He went on to be Finance Minister of independent India and to sign the Bretton Woods agreements on India’s behalf.
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What is the tagline of SBI?
Answer: A
Correct answer: Pure Banking Nothing Else
“Pure Banking, Nothing Else” is the State Bank of India’s tagline, alongside “The Banker to Every Indian”. “Experience Next Generation Banking” belongs to South Indian Bank.
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Which among the following is not a public sector bank?
Answer: B
The City Union Bank is a private sector bank. The bank 'The Kumbakonam Bank Limited', as it was called then, was organized as a limited company on the 31st of October, 1904. In the beginning it was a regional bank but steadily built for itself a place in the Delta District of Thanjavur.
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Interest rates on which of the following deposit schemes are fixed by the RBI?
Answer: C
Correct answer: Saving deposits
The RBI once prescribed the rate on savings deposits, while banks set their own term deposit rates. (The savings rate was deregulated in 2011, so banks now set it too - but this question reflects the earlier position.)
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Who is the founder of Punjab National Bank?
Answer: D
Correct answer: Lala Lajpat Rai
Lala Lajpat Rai was among the founders of Punjab National Bank in 1894 and opened its first account. The bank was a Swadeshi venture: Indian capital, Indian management, at a time when banking in India was in British hands.
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Which is the largest private sector bank in India?
Answer: B
It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, asset management etc.
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TRAI regulates the functioning of which of the following?
Answer: C
Correct answer: Telecom
TRAI is the Telecom Regulatory Authority of India, set up in 1997 to regulate telecommunications - tariffs, quality of service, interconnection between operators and consumer protection. Its creation separated regulation from the government department that also owned the incumbent operator.
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Which was the first bank to introduce the credit card in India?
Answer: B
Correct answer: Central Bank of India
Central Bank of India introduced the first credit card in the country, the Central Card, in 1980 - a decade before the market opened up in earnest.
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