Banking (History of Banking)

1. Which is the oldest public sector bank in India?

1. HDFC Bank
2. Bank of Hindustan
3. IOB
4. Punjab National Bank

... Answer is 2)
Explanation: The Bank of Hindustan is considered as the oldest public sector bank in India, established in 1770, but it was closed in 1829-32

2. Which bank was the first to be nationalized in India?

1. ICICI Bank
2. Punjab National Bank
3. SBI 4. Reserve Bank of India

... Answer is 4)
Explanation: The Central Bank (Reserve Bank of India) of India was the first bank to be nationalized in India in 1949

3. When was the nationalization of banks in India carried out?

1. 1977
2. 1969.
3. 1999
4.2000

... Answer is 2)
Explanation:Nationalization of banks in India was carried out in 1969.

4.Who was the first Governor of the Reserve Bank of India?

1. Urjit Patel's
2. Raghuram Rajan
3. Sir Osborne Smith
4. Shaktikanta Das

... Answer is 3)
Explanation:Sir Osborne Smith was the first Governor of the Reserve Bank of India

5. When was the Reserve Bank of India established?

1. 1935
2. 1999
3. 1970
4. 2000

... Answer is 1)
Explanation: The Reserve Bank of India was established in 1935

6.What was the first bank to issue credit cards to customers?

1. Bank of America
2. Indian Bnak
3. HDFC Bank
4. SBI

... Answer is 1)
Explanation: The first bank to issue credit cards to customers was the Bank of America in 1958.

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