Banking question and Answers-Economy-Banking Q & A

Banking question and Answers-Economy-Banking Q & A

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INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA (ICICI)

The largest private sector bank in India

Ans : ICICI

First universal bank in India

Ans : ICICI

The first bank in India listed in Newyork stock exchange

Ans : ICICI

ICIC Bank was originally promoted in

Ans : 1994

The parent company of ICICI bank was formed in

Ans : 1955

First bank to start internet facility

Ans : ICICI

First bank to provide mobile ATM

Ans : ICICI

Second largest bank in India in terms of assets and market capitalisation

Ans : ICICI

BANDHAN BANK

Head quarters of Bandhan Bank

Ans : Kolkata

Founder of Bandhan Bank

Ans : Chandra Shekhar Ghosh

The Bank which started as a micro finance company in 2001

Ans : Bandhan Bank

Bandhan Bank got licence from the RBI in

Ans : 2014

Bandhan Bank was officially inaugurated on

Ans : August 24, 2015

Bandhan Bank was officially inaugurated in Kolkata by

Ans : Arun Jaitley

Largest micro finance organization in India

Ans : Bandhan Financial Services Limited (BFSL)

PAYMENT BANKS

The banks which came recently in the places where no banking facilities are available

Ans : Payment banks

The committee which recommended the starting of payment banks

Ans : Nachiket Mor Commission

Payment banks came into effect on

Ans : August 19,2015

Maximum amount to be deposited in a payment bank

Ans : 1,00,000/-

Minimum capital fund of Payment Bank

Ans : 100 crores

POST BANK OF INDIA

The scheme of Post offices to become the Payment Banks

Ans : Post Bank of India

First ATM of Post office savings bank was started at

Ans : Chennai

First ATM of Post office savings bank in Kerala was started at

Ans : Thiruvananthapuram

MUDRA BANK

Expansion of MUDRA

Ans : Micro Units Development and Refinance Agency Bank

The formation of the agency was initially announced in the

Ans : 2015 Union budget of India 

Mudra Bank was started on the initiative of

Ans : Narendra Modi

Mudra Bank was founded on

Ans : April 8, 2015

Head quarters

Ans : New Delhi

Mudra Bank was inaugurated by

Ans : Narendra Modi

First bank to issue mudra cards

Ans : Corporation Bank

The bank which provides loans at low rates to micro-finance institutions and non banking financial institutions

Ans : Mudra Bank

FOREIGN BANKS

The banks which started in foreign countries and given permission to start branches in India

Ans : Foreign Banks

Examples of Foreign Banks

Ans : HSBC, City Bank, Standard Chartered Bank, American Express etc.

EVANGELICAL SOCIAL ACTION FORUM (ESAF)

Head quarters

Ans : Thrissur

First bank to be given a banking license in Kerala since independence

Ans : ESAF

First Microfinance institution in Kerala

Ans : ESAF

ESAF was founded in

Ans : 1992

ESAF started its micro credit lending in

Ans : 1995

Kerala's first small finance bank

Ans : ESAF

ESAF Small Finance Bank was started in

Ans : 2017

ESAF Small Finance Bank was inaugurated by

Ans : Pinarayi Vijayan

The scheme Hridaya Deposits was started by

Ans : ESAF

BANK

          

ESTD

          

HEAD QUARTERS

Federal Bank    -1945               -Aluva

IFCI                -1948               -New Delhi

IDBI                -1964               -Mumbai

Exim Bank        -1982               -Mumbai

HSBC Bank       -1991               -London

HDFC        -1994       -Mumbai

LOANS GIVEN BY MUDRA BANK

:

Shishu - Loans up to 50,000

Kishore - Loans up to 5,00,000

Tarun - Loans up to 10,00,000

BANKIN FACTS

The scheme which was launched by the Govt of India to reform Public Sector Bankings in India on August 14, 2015

Ans : Project Indradhanush

The personality known as the banker of poor

Ans : Muhammad Yunus

Founder of Grameen Bank

Ans : Muhammad Yunus

Bangladesh Grameen Bank and Muhammad Yunus jointly got Nobel Peace Prize in

Ans:2006

Exim Bank

Ans:Export and Import Bank

The bank acts as an apex institution relating to foreign trade

Ans : Exim Bank

The bank which provides financial assistance to exporters and importers

Ans : Exim Bank

The bank which acts as an apex institution in the field of industry

Ans : IDBI

The bank which provides financial assistance to small scale industries

Ans : SIDBI

First development financial institution in the country

Ans : IFCI

The bank which acts as an apex banking institution providing finance for housing construction

Ans : National Housing Bank

New name of United Commercial Bank

Ans : UCO bank

City in India where the first Financial Super Market was launched

Ans : Jaipur

BANKING RELATED CODES

CBS - Core banking solution

CIBIL - Credit Information Bureau(India) Ltd

CRISIL - Credit Rating Information Services of India Limited

EFT - Electronic Fund transfer

EMI - Equated Monthly Installment

FDI - Foreign Direct Investment

FEMA - Foreign Exchange Management Act

FERA - Foreign Exchange Regulations Act

IFSC - The Indian Financial System Code

MICR - Magnetic Ink Character Recognition

MSME - Micro Small and Medium Enterprises

NBFC - Non Banking Finance Companies

NEFT - National Electronic Fund Transfer

PAN - Permanent Account Number

RTGS - Real Time Gross Settlement System

Banks come under the second schedule of RBI

Ans : Scheduled Bank

ATM [Automated Teller Machine]

ATM was invented by

Ans : John Shepherd Barron

Idea of ATM was first put forward by

Ans : Luther George Simjian

Original predecessor of ATM

Ans : Docutel Machine

First ATM in world was setup in

Ans : London (1967)

First Bank to introduce ATM in the world

Ans : Barclays Bank

First Bank in India to introduce ATM

Ans : HSBC

First ATM in India was set up in

Ans : Mumbai (1987)

First Bank to introduce ATM in Kerala

Ans : British Bank of Middle East

First ATM in Kerala was set up at

Ans : Thiruvananthapuram (1992)

World's first floating ATM was set up by

Ans : 'State Bank of India' (2004)

First floating ATM was set up between

Ans : Cochin and Vypin

India's first post office savings bank ATM was launched at

Ans : Chennai (2014)

First anytime milk ATM was launched at

Ans : Anand (Gujarat)

The world's highest ATM was near at

Ans : Nathu -la-pass (Thegu)

The state which has most number of ATM counters

Ans : Maharashtra

INDIAN CURRENCY AND COINS

The act which empowered the Government of India to issue currency notes

Ans : Paper Currency Act of 1861

Indian Rupee became an independent currency with the establishment of RBI in

Ans : 1935

First person portrayed in the Indian Currency note issued by RBI

Ans : George V

Decimal System was introduced in India in

Ans : 1957

One rupee notes are issued by

Ans : Ministry of Finance

One rupee note is signed by

Ans : Central finance secretary

Indian currency notes (except one rupee note) are issued by

Ans : Reserve Bank of India

Number of languages in which the value is written in a currency note

Ans : 17

The place of Malayalam in currency note is

Ans : 7

BANK NAME BANK SLOGAN

Allahabad Bank - A tradition of trust

Andhra Bank - Much more to do. With YOU in focus 

Bank of Baroda - India's International Bank

Bank of India - Relationships beyond Banking 

Bank of Maharashtra - One Family One Bank   

Bank of Rajasthan - Together we Prosper 

Canara Bank - It's easy to change for those who you love, I Together we Can

Central Bank of India - Build A Better Life Around Us, Central to you  since 1911

Corporation Bank - Prosperity for all

Dena Bank - Trusted Family Bank

Federal Bank - Your Perfect Banking Partner

HDFC Bank - We Understand Your World

HSBC - Worlds Local Bank

ICICI Bank - "Hum Hai na..."

IDBI Bank - Banking for all; "Aao Sochein Bada"

Indian Bank - Taking Banking Technology to Common Man,Your Tech-friendly bank 

Indian Overseas Bank-Good people to grow with

J & K Bank - Serving to Empower

Karur Vysya Bank - Smart way to Bank

Lakshmi Vilas Bank - The Changing Face of Prosperity

Oriental Bank of Commerce - Where every individual is committed 

Punjab and Sindh Bank - Where series is a way of life 

Punjab National Bank - The Name you can Bank Upon

State Bank of India - The Nation banks on us; Pure Banking Nothing  Else; With you all the way 

State Bank of Hyderabad - You can always bank on us

State Bank of Mysore - Working for a better tomorrow

State Bank of Patiala - Blending Moderinity with Tradition

State Bank of Travancore - A Long Tradition of Trust

South Indian Bank - Experience Next Generation Banking

Syndicate Bank - Your Faithful And Friendly Financial Partner

The Economic Times - Knowledge is Power

UCO Bank - Honors Your Trust

Union Bank of India -Good

United Bank of India - The Bank that begins with "U"

Vijava Bank - A Friend You can Bank Upon

Yes Bank - Experience our expertise

LANGUAGES IN INDIAN CURRENCY NOTES

1.  Assamese

2.Bengali

3. Gujarati

4.Kannada

5. Kashmiri

6.Konkani

7.Malayalam

8.Marathi Marathi

9. Nepali

10.Oriya

11. Punjabi

12.Sanskrit

13.Tamil

14.Telugu

15.Urdu

16. Hindi (obverse)

17.English (obverse)

The picture of Gandhiji was depicted in Indian Currency for the first time in

Ans : 1969

The Government of India issued Rs 1000 coin to commemorate 1000th year of

Ans : Brihadeswara temple in Tamilnadu

150 Rupee coin was issued by RBI to mark the 150th birth anniversary of

Ans : Rabindranath Tagore

First Indian commemorative coin was issued in 1964 to mourn the death of

Ans : Jawaharlal Nehru

The RBI started issuing Mahatma Gandhi series of currency notes from

Ans : 1996

Credit Card is otherwise known as

Ans : Plastic Money

One rupee notes were stopped by Government of India in

Ans : 1994

RBI decided to withdraw all currency notes from circulation, issued prior to

Ans : 2005

25 paise coin was withdrawn by the RBI in

Ans : 2011

RBI withdrew the currencies of 500 and 1000 with effect from

Ans : November 9,2016

The year in which the value of Indian Rupees was reduced on the recommendation of World Bank in

Ans : 1966

The Reserve Bank Governor signed the Indian currency in

Ans : English & Hindi Languages

INDIAN CURRENCY SYMBOL

Indian Rupee symbol  was designed by

Ans : D. Udayakumar

The Indian currency symbol is the combination of

Ans : Devanagari and Latin Letter

The Indian Rupee symbol was adopted by the Government of India on

Ans : July 15, 2010

The place of India in the world to have a unique symbol of its currency

Ans : 5

The Symbol which shows the‘quality of Indian Rupee

Ans : INR (ISO 4-217)

Reserve Bank of India introduced polymer bank note in

Ans : 2009

The place where polymer notes were first introduced in kerala

Ans : Kochi

Polymer bank notes were first introduced by the

Ans : Reserve Bank of Australia in 1988

Special Drawing Rights (SDR) is created by international monetary fund (IMF) in

Ans : 1970

SDR is also known as

Ans : Paper gold

Indian security press

Ans : Nasik

Indian currency note press

Ans : Nasik

Security printing press

Ans : Hyderabad

Bank note press

Ans : Dewas

Security paper Mill

Ans : Hoshangabad

Minting of Gold medals

Ans : Kolkata and Noida

Government mints

Ans : Mumbai,Kolkata,Hyderabad,Noida

COINS IN INDIA

The study of coins is known as

Ans : Numismatics

First Indian empire to introduce gold coins in India

Ans : The Kushans

'Rupiya' is a coin issued by

Ans : Shersha

Token currency system was introduced during the period of

Ans : Muhammed bin-Tughlaq

The oldest coin in Kerala

Ans : Rasi

India's first bimetallic coin issued by RBI is

Ans : 10 rupee coin

10 Rupee coin was minted for the first time in

Ans : 2005

The earliest mints of India were

Ans : Calcutta and Bombay

The last mint established in India

Ans : Noida (1988)

PICTURES IN INDIAN CURRENCY

5 Rupee -Tractor,Farmer

10 Rupee-Wild animals (Elephant,Tiger,Rhinoceros)

20 Rupee-Beach (Kovalam Beach)

50 Rupee -Parliament of India

100 Rupee -Himalaya Mountains

500 Rupee (old) -Dandi March

500 Rupee (new) -Red Fort

1000 Rupee-Development of Science and Technology of India

2000 Rupee-Mangalyan

INDIAN STANDARD INSTITUTION [ISI]

Facilitating international co-ordination and unification of Indian standard are the main objective of

Ans : ISI

ISI was set up in

Ans : 1946

ISI started functioning in

Ans : 1947

First director of ISI

Ans : Dr. Lal.C.Varman

The certification mark provided for industrial Products in India

Ans : ISI Mark

CERTIFICATION MARKS

Rugmark - Certifies the products are made without child labour

Agmark - Agricultural products

BIS Hallmark - Certifies the purity of Gold

INTERNATIONAL ORGANISATION OF STANDARDISATION ISO

- Ensures that products and services are safe, reliable and good in quality

Eco- Mark

- Certifies environment friendly products

F.P.O Mark

- A Mandatory mark for fruit products

ISI later came to be known as

 Ans : BIS (Bureau of Indian standards)

BIS came into existence on

 Ans : April 1,1987

The seat of BIS in Kerala

Ans : Thathamangalam (Palakkad)

INDUSTRY

Father of Indian Industry

Ans : Jamsetji Tata

First Minister of Commerce and Industry of independent India

Ans : Syama Prasad Mukherjee

First planned industrial city of India

Ans : Jamshedpur

The zone which encourages exports

Ans : Special Economic Zone (SEZ)

First Special Economic Zone in India was established at

Ans : Kandla

First Indian Modern cotton mill was established in 1854 at

Ans : Mumbai

Highest exporting material in India

Ans : Textile materials

Highest importing material in India

Ans : Crude oil.

Foreign Investment to India is mainly from

Ans : Mauritius

COTTON TEXTILES

 Oldest industry in India

Ans : Cotton textile

First Indian cotton cloth mill was established in 1818 at

Ans : Fort Gloster near Kolkata

Largest producer of cotton in the world

Ans : China

Second largest producer of cotton in the world

Ans : India

Largest producer of Cotton in India

Ans : Gujarat

The state having most number of cotton mills

Ans : Maharashtra

First Cotton mill

Ans : Fort Gloster

First cement Factory

 Ans : Chennai

First news print factory

 Ans : Nepanagar

First paper mill

Ans : Serampore

First Jute mill

 Ans : Rishra

The Indian port which leads in the exporting of cotton

Ans : Mumbai

The Indian port which leads in the exporting of textiles

Ans : Kandla

The scheme which was started on April 1, 1991 related with textile industry

Ans : TUFS (Technology Upgradation Fund Scheme)

JUTE INDUSTRY

Largest producer of Jute in the world

Ans : India

Jute is also known as

Ans : Golden Fiber

Weaver's City

Ans : Panipat (Haryana)

Weaver's city of Kerala

Ans : Balaramapuram

Manchester of India

Ans : Ahmedabad (Gujarat)

Manchester of North India

Ans : Kanpur (UP)

Manchester of South India

Ans : Coimbatore (Tamil Nadu) 

Manchester of the East

Ans : Osaka (Japan)

Largest jute producing state in India

Ans : West Bengal

Second largest jute producing state

Ans : Andhra Pradesh

Largest producer and exporter of jute in the world

Ans : Bangladesh

The Indian port which leads in the exporting of jute

Ans : Kolkata

WOOL INDUSTRY

The position of India in wool industry

Ans : 7

Modern wool industry was begun at

Ans : Lal Ilmi near Kanpur (1876)

The institution which encourages wool industry in India

Ans : The Wool and Woollens Export Promotion Council

The Indian state which leads in wool industry

Ans : Punjab

Major centres of wool products in Punjab

Ans : Dhariwal, Ludhiana

SILK INDUSTRY

Leading producer of silk in the world

Ans : China

The position of India in silk industry

Ans : 2

First silk factory in India was started at

Ans : Howrah

Largest producer of silk in India

Ans : Karanataka

PRODUCT  LARGEST EXPORTING PORT

Cotton

Mumbai

Jute

Kolkata

Textiles

Kandla

Iron ore

Mormugao

PAPER INDUSTRY

First Paper Mill was started in India

Ans : Serampore

Largest producer of paper in India

Ans : Maharashtra

State having most number of paper mills

Ans : Uttar Pradesh

Hindustan Paper Corporation came into being on

Ans : May 29,1970

Largest paper mill in India

Ans : Ballarpur (Maharashtra)

National News Print and Paper Mills is situated in

Ans : Nepanagar (Madhya Pradesh)

OIL REFINERY

Oldest oil refinery in India was

Ans : Digboi (Assam)

Oldest Oil refinery in Asia

Ans : Digboi

Barauni Oil refinery is situated in

Ans : Bihar

Koyali oil refinery is situated in

Ans : Gujarat

First public sector refinery of India

Ans : Guwahati refinery

Ankaleshwar, Lunej, Koyali are the major oil fields in

Ans : Gujarat

The oil refinery known as Fountain of Prosperity

Ans : Ankaleshwar

The person who called Ankaleshwar oil field as the Fountain of Prosperity

Ans : Jawaharlal Nehru 

Major off - Shore oil fields in India

Ans : Mumbai High, Bassien, and Aliabet

Largest oil field of India

Ans : Mumbai High

The largest oil refinery in India

Ans : Jamnagar Refinery

Jamnagar refinery is owned and operated by

Ans : Reliance Industry

Headquarters of Oil and Natural Gas Corporation limited (ONGC) is at

Ans : Dehradun

The state with highest deposit of natural gas

Ans : Andhra Pradesh

The oil refinery in Kerala is situated at

Ans : Ambalamukal, Kochi

IRON AND STEEL INDUSTRY

India's first Iron and steel factory was established on experiment at

Ans : Porta Nova, Tamil Nadu (1830)

India's first Iron and steel factory was established at

Ans : Kulti, West Bengal (1870)

Tata Iron and Steel company (TISCO) was established at

Ans : Jamshedpur

The Headquarters of TISCO

Ans : Mumbai

The place known as the steel city of India

Ans : Jamshedpur

The place known as the Pittsburgh of India

Ans : Jamshedpur

Regulator of all iron and steel companies in Indian public sector

Ans : Steel Authority of India Ltd (SAIL)

SAIL was established in

Ans : 1954

Headquarters of SAIL.

Ans : New Delhi

Largest iron and steel factory in India

Ans : Bokaro (Jharkhand)

Visveswaraya Iron and Steel plant is located at

Ans : Bhadravati in Karnataka

Vijayanagar steel plant is located in

Ans : Karnataka

The only steel plant which is located near the sea shore

Ans : Visakhapatnam Steel Plant

The country which gave technical assistance to start Visakhapatnam Steel Plant

Ans : Russia

Steel Plant   State  Assistance  Founded in

Rourkela-Odisha-Germany-1959

Durgapur-West Bengal-Britain-1959

Bhilai-Chhattisgarh-Russia-1959

Bokaro-Jharkhand-Russia-1964

The Father of Co-operative movement

Ans : Robert Owen

The father of Co-operative movement in India

Ans : Frederic Nicholson

CASHEW INDUSTRY

The major industry which earns profitable foreign amount in Kerala

Ans : Cashew industry

Cashew capital of the world

Ans : Kollam

The position of Kerala in the production of Cashew nuts in India

Ans : 5

Leading producer of Cashew nut in India

Ans : Maharashtra

The district in Kerala having most number of cashew factories

Ans : Kollam

The agency formed in Kerala which promotes the production of cashew nuts

Ans : KSACC (Kerala State Agency for Expansion of Cashew Cultivation)

Headquarters of KSACC

Ans : Kollam

The headquarters of Cashew Works Apex Co-operative Society (CAPEX)

Ans : Kollam

COIR INDUSTRY

First coir factory in Kerala

Ans : Dara's Mail (Alappuzha)

Dara's Mail was founded by

Ans : James Dara

State Coir Corporation came into being in

Ans : 1969

The coir co-operative societies are controlled by

Ans : Coirfed

The headquarters of Coirfed

Ans : Alappuzha

The institution which was formed to empower the research works in coir industry

Ans : National Coir Research and Management Institute (NCRMI)

HANDLOOM INDUSTRY

The district having most number of handlooms

Ans : Kannur

The district having most number of handloom co-operative societies

Ans : Thiruvananthapuram

The district having least number of handloom co-operative societies

Ans : Wayanad

The regulatory authority of handloom industry in Kerala

Ans : Hanveev

Headquarters of Hanveev

Ans : Kannur

FISHERIES

The district having most number of fishermen

Ans : Alappuzha

The district having most number of inland fishermen

Ans : Ernakulam

The system which enables to save the fishermen from accidents while in fishing

Ans : Search and Rescue Beacon

MAJOR COMMERCIAL INSTITUTIONS IN KERALA

Kerala Finacial Corporation (KFC)

Ans : Thiruvananthapuram

Kerala Industrial Infrastructure Development Corporation (KINFRA)

Ans : Thirruvanaanathapuram

Kerala Small Industries Development Corporation (SIDCO)

Ans : Thiruvananthapuram

Kerala State industrial Development Corporation (KSIDC)

Ans : Thiruvananthapuram

Kerala Industrial and Technical Consultancy Organisation (KITCO)

Ans : Kochi

The Fertilisers and Chemicals Travancore Limit (FACT)

Ans : Aluva

Kerala State Financial Enterprises (KSFE)

Ans : Thrissur

Major product of Matsyafed

Ans : Nutrifish

The largest exporting fish item in Kerala

Ans : Prawn