Q.1. What is the Oldest Bank in India?
📌 Oldest Bank in India:
The State Bank of India (SBI) is the oldest bank in India.
It was originally established as the Bank of Calcutta in 1806, later became the Bank of Bengal.
In 1921, Bank of Bengal, Bank of Bombay (1840), and Bank of Madras (1843) merged to form the Imperial Bank of India.
Finally, in 1955, it was nationalized and renamed the State Bank of India (SBI).
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🏦 Banking & Financial Services Quiz (India)
Q1. Which is the oldest bank in India?
a) Punjab National Bank
b) Allahabad Bank
c) State Bank of India
d) Union Bank of India
✅ Answer: State Bank of India
👉 Started as Bank of Calcutta in 1806.
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Q2. Which was the first Indian bank to be established purely by Indians?
a) Punjab National Bank
b) Allahabad Bank
c) Bank of Baroda
d) Central Bank of India
✅ Answer: Allahabad Bank (1865)
👉 Established by Indian entrepreneurs.
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Q3. Which is the largest commercial bank in India by assets?
a) ICICI Bank
b) HDFC Bank
c) State Bank of India
d) Punjab National Bank
✅ Answer: State Bank of India
👉 SBI is the largest commercial bank in India.
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Q4. Which was the first bank in India to introduce Internet Banking?
a) ICICI Bank
b) HDFC Bank
c) SBI
d) Axis Bank
✅ Answer: ICICI Bank
👉 ICICI pioneered digital banking in India.
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Q5. Which bank is known as the “Banker to Every Indian”?
a) RBI
b) SBI
c) Punjab National Bank
d) Union Bank of India
✅ Answer: State Bank of India (SBI)
👉 It has the largest network of branches and ATMs.
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Q6. The Reserve Bank of India (RBI) was established in which year?
a) 1935
b) 1947
c) 1955
d) 1969
✅ Answer: 1935
👉 Established on 1st April 1935.
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Q7. Where is the headquarters of RBI located?
a) Kolkata
b) New Delhi
c) Mumbai
d) Chennai
✅ Answer: Mumbai
👉 RBI moved from Kolkata to Mumbai in 1937.
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Q8. Which was the first bank to be nationalized in India?
a) Punjab National Bank
b) Allahabad Bank
c) Imperial Bank of India
d) State Bank of India
✅ Answer: Imperial Bank of India → State Bank of India (1955)
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Q9. In which year were 14 major banks nationalized in India?
a) 1947
b) 1955
c) 1969
d) 1980
✅ Answer: 1969
👉 Under Prime Minister Indira Gandhi.
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Q10. Which Indian bank was the first to open a branch outside India?
a) Punjab National Bank
b) Allahabad Bank
c) Bank of India
d) Indian Overseas Bank
✅ Answer: Bank of India (London, 1946)
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🏦 Banking & Financial Services Quiz (India) – Part 2
Q11. Which bank is known as India’s first Swadeshi Bank?
a) Punjab National Bank
b) Allahabad Bank
c) Bank of Baroda
d) Central Bank of India
✅ Answer: Punjab National Bank (1894)
👉 Founded in Lahore by Indian freedom fighters.
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Q12. Which was the first bank to be established in India after Independence?
a) Andhra Bank
b) UCO Bank
c) Bank of India
d) Bank of Baroda
✅ Answer: UCO Bank (1943, became nationalized post-independence)
👉 Established by G.D. Birla, though slightly before independence, it was the first large Indian-run bank in that era.
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Q13. The Narasimham Committee was related to which sector?
a) Agriculture reforms
b) Education reforms
c) Banking sector reforms
d) Health reforms
✅ Answer: Banking sector reforms
👉 Major reforms in the 1990s to liberalize Indian banking.
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Q14. Which bank is called the “Banker to the Government”?
a) SBI
b) RBI
c) PNB
d) Bank of Baroda
✅ Answer: RBI
👉 The Reserve Bank of India manages government accounts and debt.
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Q15. Which is the first Indian bank fully managed by Indians?
a) Central Bank of India
b) Indian Bank
c) Allahabad Bank
d) Canara Bank
✅ Answer: Central Bank of India (1911)
👉 Called the “First Indian commercial bank owned and managed by Indians.”
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Q16. The term ‘PSU Banks’ stands for?
a) Private Sector Unit Banks
b) Public Sector Undertaking Banks
c) Public Saving Utility Banks
d) Primary State Union Banks
✅ Answer: Public Sector Undertaking Banks
👉 Banks where Govt. holds majority share.
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Q17. Which Indian bank introduced credit cards for the first time?
a) HDFC Bank
b) Andhra Bank
c) Central Bank of India
d) SBI
✅ Answer: Central Bank of India (1980s)
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Q18. Which bank merged with ICICI Bank in 2002?
a) Oriental Bank of Commerce
b) Bank of Rajasthan
c) ICICI Ltd. (Development Finance Institution)
d) Dena Bank
✅ Answer: ICICI Ltd.
👉 Making ICICI a universal bank.
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Q19. What is the minimum capital requirement to open a Small Finance Bank in India?
a) ₹50 crore
b) ₹100 crore
c) ₹200 crore
d) ₹500 crore
✅ Answer: ₹100 crore
👉 As per RBI guidelines.
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Q20. Which bank launched India’s first mobile banking service (SMS Banking)?
a) ICICI Bank
b) HDFC Bank
c) SBI
d) Axis Bank
✅ Answer: ICICI Bank (2008)
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🏦 Banking & Financial Services Quiz (India) – Part 3
Q21. Which Indian bank is nicknamed “The Bank with a Vision”?
a) Bank of India
b) Bank of Baroda
c) ICICI Bank
d) Punjab National Bank
✅ Answer: Bank of Baroda
👉 Due to its global presence and expansion vision.
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Q22. Which bank introduced “Anytime Money (ATM)” in India?
a) SBI
b) HSBC
c) ICICI Bank
d) HDFC Bank
✅ Answer: HSBC (1987, Mumbai)
👉 First ATM in India by HSBC.
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Q23. NABARD was established in which year?
a) 1969
b) 1975
c) 1982
d) 1991
✅ Answer: 1982
👉 National Bank for Agriculture and Rural Development.
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Q24. Which is the regulator of the Indian banking system?
a) Ministry of Finance
b) RBI
c) SEBI
d) NITI Aayog
✅ Answer: RBI
👉 RBI regulates monetary policy and banks.
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Q25. Which bank is known as the “International Bank of India”?
a) Bank of India
b) Indian Overseas Bank
c) Bank of Baroda
d) ICICI Bank
✅ Answer: Bank of India
👉 Opened its first overseas branch in London (1946).
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Q26. When was the Indian Rupee symbol (₹) officially adopted?
a) 2005
b) 2008
c) 2010
d) 2012
✅ Answer: 2010
👉 Designed by Uday Kumar.
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Q27. Which committee recommended the creation of Regional Rural Banks (RRBs)?
a) Narasimham Committee
b) Narsimha Reddy Committee
c) Narayan Murthy Committee
d) M. Narasimham Committee
✅ Answer: M. Narasimham Committee (1975)
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Q28. Which bank started the first women’s branch in India?
a) SBI
b) Canara Bank
c) Bank of India
d) Union Bank of India
✅ Answer: Canara Bank (1924, Kozhikode)
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Q29. Which bank’s tagline is “India’s International Bank”?
a) Bank of India
b) ICICI Bank
c) Bank of Baroda
d) Indian Overseas Bank
✅ Answer: Bank of Baroda
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Q30. The first private bank to be set up in India after liberalisation (1990s) was—
a) Axis Bank
b) HDFC Bank
c) ICICI Bank
d) IndusInd Bank
✅ Answer: IndusInd Bank (1994)
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Q31. Who is considered the “Father of Banking in India”?
a) M. Visvesvaraya
b) Maharaja Sayajirao Gaekwad III
c) G.D. Birla
d) Dadabhai Naoroji
✅ Answer: M. Visvesvaraya
👉 Wrote “Planned Economy for India.”
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Q32. Which bank merged with SBI in 2017?
a) Bank of Baroda
b) Syndicate Bank
c) 5 associate banks + Bharatiya Mahila Bank
d) Punjab National Bank
✅ Answer: 5 SBI Associates + BMB
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Q33. Which Indian bank is nicknamed the “Bank of the Poor”?
a) NABARD
b) Regional Rural Banks (RRBs)
c) Grameen Bank
d) Cooperative Banks
✅ Answer: RRBs
👉 Focus on rural banking.
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Q34. What does IFSC stand for in banking?
a) International Financial System Code
b) Indian Financial System Code
c) Integrated Finance and Security Code
d) Interbank Fund Settlement Code
✅ Answer: Indian Financial System Code
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Q35. Which bank is the largest private sector bank in India (2025)?
a) ICICI Bank
b) Axis Bank
c) Kotak Mahindra Bank
d) HDFC Bank
✅ Answer: HDFC Bank
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Q36. Which bank launched the first Credit Card in India?
a) Central Bank of India
b) ICICI Bank
c) HDFC Bank
d) SBI
✅ Answer: Central Bank of India (1980)
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Q37. When was SEBI established?
a) 1985
b) 1988
c) 1992
d) 1995
✅ Answer: 1988 (statutory power in 1992)
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Q38. Who issues one rupee notes in India?
a) RBI Governor
b) Ministry of Finance
c) Prime Minister’s Office
d) State Bank of India
✅ Answer: Ministry of Finance
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Q39. Who is called the “Banker to Banks” in India?
a) NABARD
b) RBI
c) SBI
d) Ministry of Finance
✅ Answer: RBI
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Q40. Which bank started the Kisan Credit Card Scheme (1998)?
a) RBI
b) NABARD
c) SBI
d) Union Bank of India
✅ Answer: NABARD
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Q41. Which Indian bank launched the first UPI-based app?
a) ICICI Bank
b) HDFC Bank
c) Axis Bank
d) Yes Bank
✅ Answer: ICICI Bank (Pockets app, 2015)
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Q42. The headquarter of NABARD is in—
a) New Delhi
b) Kolkata
c) Mumbai
d) Chennai
✅ Answer: Mumbai
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Q43. Which Indian bank merged with Bank of Baroda in 2019?
a) Vijaya Bank and Dena Bank
b) Syndicate Bank and Andhra Bank
c) Oriental Bank of Commerce and PNB
d) UCO Bank and IDBI Bank
✅ Answer: Vijaya Bank + Dena Bank
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Q44. When was the Pradhan Mantri Jan Dhan Yojana launched?
a) 2010
b) 2012
c) 2014
d) 2016
✅ Answer: 2014
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Q45. Which bank is called the “Green Bank of India”?
a) NABARD
b) SBI
c) Yes Bank
d) Canara Bank
✅ Answer: NABARD
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Q46. Which bank introduced the slogan “The Changing Face of Prosperity”?
a) ICICI Bank
b) Axis Bank
c) Kotak Mahindra Bank
d) HDFC Bank
✅ Answer: Axis Bank
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Q47. Which Indian city is called the “Banking Capital of India”?
a) Mumbai
b) Delhi
c) Kolkata
d) Chennai
✅ Answer: Mumbai
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Q48. What is the currency of the Regional Rural Banks (RRBs) issued under?
a) RBI Act 1934
b) Companies Act 1956
c) Regional Rural Banks Act 1976
d) Banking Regulation Act 1949
✅ Answer: Regional Rural Banks Act 1976
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Q49. Which was the first bank to use an electronic cheque clearing system in India?
a) RBI
b) ICICI Bank
c) HDFC Bank
d) SBI
✅ Answer: RBI
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Q50. Which is India’s first payments bank?
a) Airtel Payments Bank
b) Paytm Payments Bank
c) India Post Payments Bank
d) Jio Payments Bank
✅ Answer: Airtel Payments Bank (2017)
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