Free Banking Exam Question and Answers

Question 1

Which public sector bank among the following has the most locations abroad?

Accepted Answer

Bank of Baroda

Answer

As of various reports and historical data, Bank of Baroda has consistently maintained the largest international presence among Indian public sector banks. It operates a significant network of branches, subsidiaries, and joint ventures across numerous countries, facilitating international banking and trade for its customers.

Question 2

Only one merger of public sector banks occurred between -

Accepted Answer

Punjab National Bank and New Bank of India

Answer

The merger of New Bank of India with Punjab National Bank in 1993 was a significant event in Indian banking history. It was one of the earliest and most notable mergers involving public sector banks, aimed at strengthening the banking sector. This particular merger set a precedent for future consolidations within the Indian public sector banking landscape.

Question 3

Which of the aforementioned banks did Mahatma Gandhi open in 1919?

Accepted Answer

Union Bank of India

Answer

Mahatma Gandhi, the father of the Indian nation, inaugurated the Union Bank of India in 1919. This historical event is a notable part of the bank's legacy, connecting it directly to a pivotal figure in India's independence movement. His presence at the opening underscored the bank's importance in the context of India's economic development.

Question 4

Which of the following banks has the most locations, after State Bank of India?

Accepted Answer

Punjab National Bank

Answer

State Bank of India (SBI) is the largest bank in India with the most extensive branch network. Among other public sector banks, Punjab National Bank (PNB) typically ranks second in terms of the number of domestic branches, reflecting its wide reach and significant presence across the country, serving a vast customer base.

Question 5

What state has passed legislation regulating contract farming?

Accepted Answer

Tamil Nadu

Answer

Tamil Nadu was one of the pioneering states in India to enact specific legislation for contract farming. The Tamil Nadu Agricultural Produce and Livestock Contract Farming and Services (Promotion and Facilitation) Act, 2019, provides a legal framework to protect the interests of both farmers and sponsors in contract farming arrangements, ensuring fair practices and dispute resolution.

Banking Exam Practice Test

Banking Exam Practice Test

Free Banking Exam Question and Answers