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1.  
The Reserve Bank of India was set up under the:

Correct Answer: D [Reserve Bank of India Act, 1934]

Explanation:

The RBI was established on 1 April 1935 under the RBI Act, 1934.

2.  
In which year was the Reserve Bank of India nationalised?

Correct Answer: C [1949]

Explanation:

RBI was nationalised on 1 January 1949; 1969 is the nationalisation of 14 commercial banks.

3.  
How many banks were nationalised on 19 July 1969?

Correct Answer: A [14]

Explanation:

14 banks with deposits over ₹ 50 crore were nationalised in 1969 (Sixty-Nine Fourteen).

4.  
The head office of UCO Bank is in:

Correct Answer: B [Kolkata]

Explanation:

UCO Bank is one of the four 'loners' – Kolkata.

5.  
In a regional rural bank, the sponsor bank holds what share of the issued capital?

Correct Answer: C [35%]

Explanation:

Centre 50%, sponsor bank 35%, State 15%.

6.  
True or false? "A payments bank can issue credit cards to its customers."

Correct Answer: B [False]

Explanation:

Payments banks may issue ATM/debit cards but not credit cards; lending is not permitted.

7.  
The State Bank of India came into existence on:

Correct Answer: B [1 July 1955]

Explanation:

SBI was formed on 1 July 1955 under the SBI Act, 1955, from the Imperial Bank of India.

8.  
Fill in the blank: The Imperial Bank of India was formed in ____ by merging the three Presidency banks.

Correct Answer: D [1921]

Explanation:

Bank of Bengal, Bank of Bombay and Bank of Madras merged into the Imperial Bank in 1921.

9.  
Odd one out:

Correct Answer: A [Federal Bank]

Explanation:

Federal Bank is a private sector bank; the other three are public sector banks.

10.  
Match the bank with its head office:
(i) Canara Bank (ii) Bank of Baroda (iii) Indian Overseas Bank (iv) Punjab National Bank
(p) Chennai (q) New Delhi (r) Vadodara (s) Bengaluru

Correct Answer: D [i-s, ii-r, iii-p, iv-q]

Explanation:

Canara – Bengaluru, Bank of Baroda – Vadodara, IOB – Chennai, PNB – New Delhi.

11.  
Which public sector bank has its head office in Bengaluru?

Correct Answer: C [Canara Bank]

Explanation:

Canara Bank – Bengaluru; Indian Bank – Chennai; Bank of Maharashtra – Pune; UCO – Kolkata.

12.  
The Lead Bank Scheme was introduced in:

Correct Answer: B [1969]

Explanation:

December 1969 – each district got a lead bank to co-ordinate credit.

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