Banking Awareness Practice Set on Banking Structure in India
Banking Structure in India? 1. What is the current number of Local Area Banks in India? a. Four b. Seven c. Eight d. Six Answer: Four Explanation: As of May 2015, these four local area banks are: 1.Coastal Local Area Bank Ltd ? Vijayawada (Andhra Pradesh) 2.Capital Local Area Bank Ltd ? Phagwara (Punjab) 3.Krishna […]
Banking Practice Set on History of Banking in India
1. The first bank of India ?Bank of Hindustan? was established in which year? a. 1870 b. 1770 c. 1795 d. 1880 Answer: ?1770 Explanation: Bank of Hindustan was the first bank in India that was established in 1770 and it was opened at Calcutta under European nation authority. Amazingly, Bank of Hindustan was liquidated […]
What Is Repo Rate? – Check Your Banking Awareness
The questions related to repo rate & reverse repo rate are always asked in exam. So they are considered as the HOT TOPICSS of any Bank exam – whether IBPS, SBI, NABARD etc. Do you Know what the situation would be if banks run out of money? We know that is a very difficult situation […]