Podcast
Questions and Answers
When was the first bank set up in Madras by the officers of East India Company?
When was the first bank set up in Madras by the officers of East India Company?
- 1500s
- 1700s
- 1600s (correct)
- 1800s
What was the significance of the three banks amalgamated into the Imperial Bank of India in 1921?
What was the significance of the three banks amalgamated into the Imperial Bank of India in 1921?
- They were solely governed by Royal Charters
- They were rural cooperative banks
- They were known as Presidency banks (correct)
- They represented administrative units in the country
Which princely state pioneered the urban cooperative credit movement in 1889?
Which princely state pioneered the urban cooperative credit movement in 1889?
- Madras
- Mysore
- Calcutta
- Baroda (correct)
In which year was the Bank of Bombay established?
In which year was the Bank of Bombay established?
What was the primary role of the Imperial Bank of India?
What was the primary role of the Imperial Bank of India?
Why were the banks set up in Calcutta, Bombay, and Madras known as Presidency banks?
Why were the banks set up in Calcutta, Bombay, and Madras known as Presidency banks?
When was the Allahabad Bank, the first Indian owned bank, established?
When was the Allahabad Bank, the first Indian owned bank, established?
What was the major function of the early Indian banks, such as the Allahabad Bank and Punjab National Bank?
What was the major function of the early Indian banks, such as the Allahabad Bank and Punjab National Bank?
What was the primary objective of the government's nationalisation of banks in 1969?
What was the primary objective of the government's nationalisation of banks in 1969?
What was a disadvantage of nationalisation of banks?
What was a disadvantage of nationalisation of banks?
What was the purpose of the Banking Companies Act enacted in 1949?
What was the purpose of the Banking Companies Act enacted in 1949?
What was the impact of the Great Depression on the Indian banking sector?
What was the impact of the Great Depression on the Indian banking sector?
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