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TOTAL QUESTION: 20
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Question 1 of 20
1. Question
When was the Bank of Hindustan established?
Correct
The provided material states that the Bank of Hindustan was established in 1770.
Incorrect
The provided material states that the Bank of Hindustan was established in 1770.
Unattempted
The provided material states that the Bank of Hindustan was established in 1770.
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Question 2 of 20
2. Question
In which year was the General Bank of India established?
Correct
The material states that the General Bank of India was established in 1786.
Incorrect
The material states that the General Bank of India was established in 1786.
Unattempted
The material states that the General Bank of India was established in 1786.
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Question 3 of 20
3. Question
Which bank is identified as the origin of the State Bank of India?
Correct
SBI originated as the Bank of Calcutta in 1806.
Incorrect
SBI originated as the Bank of Calcutta in 1806.
Unattempted
SBI originated as the Bank of Calcutta in 1806.
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Question 4 of 20
4. Question
In which year was the Bank of Calcutta renamed the Bank of Bengal?
Correct
The material states that the Bank of Calcutta was renamed the Bank of Bengal in 1809.
Incorrect
The material states that the Bank of Calcutta was renamed the Bank of Bengal in 1809.
Unattempted
The material states that the Bank of Calcutta was renamed the Bank of Bengal in 1809.
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Question 5 of 20
5. Question
In which year did the three Presidency Banks merge to form the Imperial Bank of India?
Correct
The Bank of Bengal, Bank of Bombay and Bank of Madras merged in 1921 to form the Imperial Bank of India.
Incorrect
The Bank of Bengal, Bank of Bombay and Bank of Madras merged in 1921 to form the Imperial Bank of India.
Unattempted
The Bank of Bengal, Bank of Bombay and Bank of Madras merged in 1921 to form the Imperial Bank of India.
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Question 6 of 20
6. Question
In which year did the Imperial Bank of India become the State Bank of India?
Correct
After independence, the Imperial Bank of India became SBI in 1955.
Incorrect
After independence, the Imperial Bank of India became SBI in 1955.
Unattempted
After independence, the Imperial Bank of India became SBI in 1955.
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Question 7 of 20
7. Question
When was the Reserve Bank of India established?
Correct
The RBI was established on April 1, 1935.
Incorrect
The RBI was established on April 1, 1935.
Unattempted
The RBI was established on April 1, 1935.
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Question 8 of 20
8. Question
How many major private banks were nationalised by the Indian government in 1969 according to the material?
Correct
The material states that 14 major private banks were nationalised in 1969.
Incorrect
The material states that 14 major private banks were nationalised in 1969.
Unattempted
The material states that 14 major private banks were nationalised in 1969.
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Question 9 of 20
9. Question
How many more private banks were nationalised in 1980?
Correct
The provided material states that another 6 private banks were nationalised in 1980.
Incorrect
The provided material states that another 6 private banks were nationalised in 1980.
Unattempted
The provided material states that another 6 private banks were nationalised in 1980.
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Question 10 of 20
10. Question
In 1960, SBI took control of how many state-associated banks?
Correct
The material states that SBI took control of eight state-associated banks in 1960.
Incorrect
The material states that SBI took control of eight state-associated banks in 1960.
Unattempted
The material states that SBI took control of eight state-associated banks in 1960.
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Question 11 of 20
11. Question
Scheduled banks are included under which Schedule of the RBI Act, 1934?
Correct
The material defines scheduled banks as those included under the 2nd Schedule of the RBI Act, 1934.
Incorrect
The material defines scheduled banks as those included under the 2nd Schedule of the RBI Act, 1934.
Unattempted
The material defines scheduled banks as those included under the 2nd Schedule of the RBI Act, 1934.
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Question 12 of 20
12. Question
Which Act regulates commercial banks according to the provided material?
Correct
The material states that commercial banks are regulated under the Banking Regulation Act, 1949.
Incorrect
The material states that commercial banks are regulated under the Banking Regulation Act, 1949.
Unattempted
The material states that commercial banks are regulated under the Banking Regulation Act, 1949.
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Question 13 of 20
13. Question
In ancient Indian texts, what did the term ‘kusidin‘ refer to?
Correct
The material states that kusidin referred to people engaged in usury or money lending.
Incorrect
The material states that kusidin referred to people engaged in usury or money lending.
Unattempted
The material states that kusidin referred to people engaged in usury or money lending.
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Question 14 of 20
14. Question
Which ancient Indian documents were used to formalize loan agreements?
Correct
The material identifies rnapatra and rnapanna as loan deeds used to formalize borrowing and repayment terms.
Incorrect
The material identifies rnapatra and rnapanna as loan deeds used to formalize borrowing and repayment terms.
Unattempted
The material identifies rnapatra and rnapanna as loan deeds used to formalize borrowing and repayment terms.
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Question 15 of 20
15. Question
What was the purpose of the ‘adesha‘ during the Mauryan period?
Correct
Adesha were financial instruments similar to bills of exchange and helped transfer credit between regions.
Incorrect
Adesha were financial instruments similar to bills of exchange and helped transfer credit between regions.
Unattempted
Adesha were financial instruments similar to bills of exchange and helped transfer credit between regions.
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Question 16 of 20
16. Question
What was a dastawez during the Mughal era?
Correct
Dastawez were contracts used for lending money.
Incorrect
Dastawez were contracts used for lending money.
Unattempted
Dastawez were contracts used for lending money.
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Question 17 of 20
17. Question
What were ‘barattes‘ used for during the Mughal period?
Correct
The material describes barattes as orders directing payment of specific sums to a third party.
Incorrect
The material describes barattes as orders directing payment of specific sums to a third party.
Unattempted
The material describes barattes as orders directing payment of specific sums to a third party.
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Question 18 of 20
18. Question
What was the main use of hundis during the Mughal period?
Correct
Hundis were credit instruments used in domestic and international trade to settle payments across distances.
Incorrect
Hundis were credit instruments used in domestic and international trade to settle payments across distances.
Unattempted
Hundis were credit instruments used in domestic and international trade to settle payments across distances.
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Question 19 of 20
19. Question
Where was Punjab National Bank founded in 1894 according to the material?
Correct
The provided material states that Punjab National Bank was founded in Lahore in 1894.
Incorrect
The provided material states that Punjab National Bank was founded in Lahore in 1894.
Unattempted
The provided material states that Punjab National Bank was founded in Lahore in 1894.
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Question 20 of 20
20. Question
When did the Reserve Bank of India become a government-owned institution according to the material?
Correct
The material states that the RBI was initially private and became government-owned in 1949.
Incorrect
The material states that the RBI was initially private and became government-owned in 1949.
Unattempted
The material states that the RBI was initially private and became government-owned in 1949.