Exam (elaborations) b125 The Economics of Money, Banking and Financial Markets Global Edition

FUNDAMENTALS OF BANKING-I

Multiple Choice Questions (Answers are marked in bold)

CH 1

Q.1.The banks exist in different forms from the ancient period as early as ……………….

a. 2000 B.C.

b. 3000 B.C

c. 2000 A.D

d. 3000 A.D.

Q.2.The word …………….. is derived from Italian word banca or French word Banque.

a. Insurance

b. Bank

c. Post Office

d. Telecommunication

Q.3. A bank is what ……….. does.

a. Bank

b. Retail

c. Business

d. Insurance

Q.4. Identify the characteristics of Bank.

a. Accept deposit from public

b. Grant Loans and Advances

c. Trades in goods

d. Only a and b

, Q.5. The Banking Regulation Act came into effect from the year …………

a.1950

b.1949

c.1951

d.1849

Q.6. In 1401 a public bank was established named as ………………………

a. Bank of Amsterdam

b. Bank of India

c. Bank of America

d. Bank of Barcelona

Q.7.In the ………..,the Chinese banking sector grew fast.

a. Song Dynasty

b. Qing Dynasty

c. Qin Dynasty

d. Qian Dynasty

Q.8. The …………….. Bank is called the Bank of Bengal.

a. Presidency

b. RBI

c. Central

d. State

Q.9. The State Bank of India came into force on ………………

a. July 1,1965

b. July 1,1955

c. August 1, 1965

d. August 1,1990