BANK Q AND A -3

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 21.

What do we call the banks which provide capital to the firms in the form of shares and engage in underwriting of stocks?

[A] Commercial Banks
[B] Universal Banks
[C] Merchant Banks
[D] IFI

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Correct Answer: C [Merchant Banks]
Notes:
Merchant Banks are those banks which provide capital to the firms in the form of shares and engage in underwriting of stocks etc.

22.Where is the headquarter of SBI located in India?

[A] New Delhi
[B] Bangalore
[C] Chennai
[D] Mumbai

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Correct Answer: D [Mumbai]
Notes:
The headquarter of SBI is located in Mumbai, Maharashtra. The Government of India took control of the Imperial Bank of India in 1955 and renamed it as the State Bank of India.

23.With which bank the ING Vysya Bank got merged in 2016?

[A] Kotak Mahindra Bank
[B] Yes Bank
[C] HDFC
[D] Axis Bank

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Correct Answer: A [Kotak Mahindra Bank]
Notes:
In 2016, the ING Vysya Bank merged with Kotak Mahindra Bank, creating the fourth largest private sector bank in India.

24.Where is the headquarters of Federal Bank located?

[A] Kerala
[B] Tamil Nadu
[C] Gujarat
[D] West Bengal

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Correct Answer: A [Kerala]
Notes:
Federal Bank is a leading Private Sector of India. It was setup in 1945 and is headquartered in Aluva, Kochi (Kerala).

25.Which country BNP Paribas bank belongs to?

[A] Netherlands
[B] Canada
[C] France
[D] Portugal

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Correct Answer: C [France]
Notes:
BNP Paribas, a foreign bank of India, is a France based bank having 8 operational branches in India. It is a major foreign bank in India.

26.Where was Citi Bank India first established its office in 1902?

[A] Calcutta
[B] Bombay
[C] Madras
[D] Dhaka

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Correct Answer: A [Calcutta]
Notes:
Citi Bank India was established in 1902 in Calcutta (Kolkata). Citi Bank India has its headquarters located in Mumbai and is the second largest foreign bank of India.

27.Which state Capital Local Area Bank Ltd belongs to?

[A] Maharashtra
[B] New Delhi
[C] Punjab
[D] Rajasthan

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Correct Answer: C [Punjab]
Notes:
This bank was established on 14th January 2000. Its area of operation includes three districts viz. Jalandhar, Kapurthala and Hoshiarpur in Punjab.

28.When were the Local Area Banks were set up first in India?

[A] 1994
[B] 1995
[C] 1996
[D] 1998

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Correct Answer: C [1996]
Notes:
Local Area Banks were set up as per a Government of India Scheme announced in August 1996. RBI approved only 10 Local Area Banks out of all the applicants.

29.Which international organisation helped in setting up of ICICI in 1955?

[A] World Bank
[B] ADB
[C] IMF
[D] None of the above

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Correct Answer: A [World Bank]
Notes:
ICICI or Industrial Credit and Investment Corporation of India was formed in 1955 as a joint-venture of the World Bank, India’s public-sector banks and public-sector insurance companies to provide project financing to Indian industry.

30.Which is India’s first Payment bank?

[A] PayTM Payments Bank
[B] JIO Payments Bank
[C] Airtel Payments Bank
[D] Fino Payments Bank

Hide Answer

Correct Answer: C [Airtel Payments Bank]
Notes:
Bharti Airtel launched India’s first live payments bank named Airtel payment bank in March 2017. At present, there are 7 operational Payments Banks.

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