Banking question and Answers-Economy-Banking Q & A - gk lokam

3 February 2020

Banking question and Answers-Economy-Banking Q & A

Banking question and Answers-Economy-Banking Q & A



The largest private sector bank in India
First universal bank in India
The first bank in India listed in Newyork stock exchange
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
First bank to provide mobile ATM
Second largest bank in India in terms of assets and market capitalisation


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)


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


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


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


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.


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


Federal Bank    -1945               -Aluva
IFCI                -1948               -New Delhi
IDBI                -1964               -Mumbai
Exim Bank        -1982               -Mumbai
HSBC Bank       -1991               -London
HDFC        -1994       -Mumbai

Shishu - Loans up to 50,000
Kishore - Loans up to 5,00,000
Tarun - Loans up to 10,00,000


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
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
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


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


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


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


1.  Assamese
3. Gujarati
5. Kashmiri
8.Marathi Marathi
9. Nepali
11. Punjabi
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 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


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)


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


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


Rugmark - Certifies the products are made without child labour
Agmark - Agricultural products
BIS Hallmark - Certifies the purity of Gold


- 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)

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

 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)


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


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


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








Iron ore



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)


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


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


Durgapur-West Bengal-Britain-1959



The Father of Co-operative movement

Ans : Robert Owen

The father of Co-operative movement in India

Ans : Frederic Nicholson


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


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)


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


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


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


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