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Q1. Consider the following statements-
1. Allahabad Bank was the first bank to be established exclusively by Indians.
2. Seven banks forming subsidiary of State Bank of India was nationalized in 1960.
3. SBI was formed in 1949.
Which of the statements given above is/are correct?
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Both 2 and 3
(e) Only 3

Q2. Who regulates the money circulation in India?
(a) State Bank of India
(b) Reserve Bank of India
(d) Commercial Banks
(e) SBI

Q3. Which of the following is not an organized sector in India?
(a) Nationalised Bank
(b) Regional Rural Banks
(c) Cooperative Banks
(d) Chits and Money Lenders
(e) Private Banks

Q4. Who will settle the grievances of customers of banks?
(a) Reserve Bank of India
(b) State Bank of India
(c) Local Courts
(d) Banking Ombudsman
(e) Governor of RBI

Q5. Who introduced the Banking Ombudsmen Scheme?
(a) RBI
(b) SBI
(c) Ministry of Finance
(e) None of the given options is true

Q6. When was Ombuds Men Scheme first introduced?
(a) 2006
(b) 1981
(c) 1995
(d) 1998
(e) 1991

Q7. Which was the first bank corporated by the Indians?
(a) Imperial Bank of India
(b) State Bank of India
(c) Oadh Commercial Bank
(d) Reserve Bank of India
(e) National Bank

Q8. When was the Oudh Commercial Bank established?
(a) 1881
(b) 1894
(c) 1898
(d) 1899
(e) 1864

Q9. When was Reserve Bank of India established?
(a) 1920
(b) 1925
(c) 1935
(d) 1948
(e) 1968

Q10. When was Reserve Bank of India Nationalised?
(a) 1947
(b) 1948
(c) 1949
(d) 1950
(e) 1960



S1. Ans.(c)
S2. Ans.(b)
S3. Ans.(d)
S4. Ans.(d)
S5. Ans.(a)
S6. Ans.(c)
S7. Ans.(c)
S8. Ans.(a)
S9. Ans.(c)
S10. Ans.(c)



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