Banking Awareness MCQ Questions and answers-

1.Which is the first bank established in India?
Veiw Answer
Answer: Bank of Hindustan
Notes:
Bank of Hindustan was established in 1770.

2. Which is the first Indian bank to get ISO?
Veiw Answer
Answer:Canara Bank
Notes:
Canara Bank was established in 1906. The bank was nationalised in 1969.

3.Which is the first Indian bank started solely with Indian capital investment?
Veiw Answer
Answer: Punjab National Bank
Notes:
It was founded in 1894.

4. Who is the founder of Punjab National Bank?
Veiw Answer
Answer: Lala Rajpat Rai
Notes:
His death anniversary is celebrated as Martyrs' Day in India.

5. Who was the first governor of RBI?
Veiw Answer
Answer: Osborne Smith
Notes:
Osborne Smith was the Governor of Reserve Bank of India from 1 April 1935 to 30 June 1937.

6. Who was the first Indian Governor of RBI?
Veiw Answer
Answer: C. D. Deshmukh

7.Which is the first bank to introduce savings account in India?
Veiw Answer
Answer: Presidency Bank
Notes:
In 1833, savings account system was started by Presidency Bank.