AHSEC| CLASS 12| FINANCE| CHAPTER - 1| COMMERCIAL BANKING IN INDIA| SOLVED QUESTIONS FOR 1 MARK EACH| H.S. 2ND YEAR
commercial banking in india
1. How many commercial
banks are nationalised at present?
Exam paper: 2008
Ans: At present there are 19 nationalized banks in India.
2. In which
year the first nationalisation of banks took place?
Ans: In July 19, 1969.
3. When was
Lead Bank Scheme introduced? Exam paper:
2009, 2011
Ans: In December, 1969.
4. In which
year State Bank of India nationalised?
Exam paper: 2010, 2013
Ans: In July 1, 1955.
5. Name the
three presidency Banks.
Ans: (i) Bank of Bengal, (ii) Bank of Bombay, (iii) Bank of
Madras
6. In which
year the Imperial Bank of India was established? Exam paper: 2008, 2014
Ans: In 1921.
7. In which
year the first presidency bank was established in India.
Ans: In 1806.
8. What is
unit Banking? Exam paper: 2006, 2013
Ans: Unit
banking is a system where the operations of a bank are confined to one office
located in a particular area. A unit bank has virtually no branch.
9. What is
Branch Banking? Exam paper: 2002, 04, 06
Ans: Branch
banking is a system of banking where the business is transacted by a single
office with a network of branches spread all over the country.
10. What is
Group Banking?
Ans: Group
banking refers to a system of banking in which two or more banks are directly
controlled by a corporation, a consortium, or a business trust. These types of
banks are popular in the United States.
11. What is
Chain Banking?
Ans: Chain
banking refers to a system of controlling and operating two or more
independently incorporated banks owned by a single individual or group of
individuals.
12. What is a
private sector bank? Exam paper: 2005
Ans: The
banks which are owned and managed by private or common citizens are called
private sector banks. The profit or loss of such banks goes to the shareholders
of the banking company.
13. What is a public sector bank? Exam paper: 2002, 2010
Ans: Banks
owned and managed by the government are called public sector banks. The profit
and loss of public sector banks goes to the government.
14. What is a
scheduled bank? Exam paper: 2002,
05, 07, 09, 11, 12, 16
Ans: Those
banks which are listed in the Second Schedule under Section 42(b)(a) of the
Reserve Bank of India Act, 1934 are called Scheduled Banks. But to be enrolled
in the Second Schedule, their paid-up capital and reserves should not be less
than 5 lakhs and the matter should not be against the interests of the general
public.
15. What is
Non-scheduled bank?
Ans: The
banks which are not listed in the second schedule of the RBI Act 1934 are
called non-scheduled banks.
16. Name two
Private Sector Banks in India. Exam
paper: 2007, 11, 13
Ans: There
are two private sector banks:
(a) Industrial
Development Bank of India (IDBI)
(b) Industrial
Credit and Investment Corporation of India. (ICICI)
17. Name four
public sector banks in India. Exam
paper: 2009, 12
Ans: (i)
Allahabad bank, (ii) Central Bank of India, (iii) Punjab National Bank, (iv)
Bank of Boroda.
18. What was
the previous name of State Bank of India?
Exam paper: 2015
Ans: Imperial Bank of India.
19. Accepting
Deposits and Lending of Money are Primary
functions of the commercial bank. (Fill in the blank) Exam
paper: 2011
20. In which
year the Bank of Bombay was established?
Ans: In 1840.
21. In which
year the Imperial Bank of India was nationalised?
Ans: On July 1, 1955.
22. In which
year 14 Indian commercial banks were nationalised?
Ans: In July 1969.
23. In which
year 6 Indian commercial banks were nationalised? Exam paper: 2016
Ans: In 1980.
25. Give an
example of Public Sector Bank.
Ans: State Bank of India.
24. In 1980
how many commercial banks were nationalised?
Ans: Six banks.
26. What is
Commercial Bank?
Ans: A
commercial bank is a type of band that provides services such as accepting
deposits, granting business loans, and offering basic investment products.
27. Give the
name of the biggest commercial bank in India?
Ans: SBI (State Bank of India)
28. What is
scheduled commercial bank?
Ans: Those
banks which are included in the second schedule of RBI are called Scheduled
Commercial Banks.
***
FINANCE SOLVED PAPERS PAGE LINK - Click here
AHSEC PAGE LINK - CLICK HERE