Banking GK Questions and Answers
21. Which is the biggest public bank in India?
- A) Punjab National Bank
- B) HDFC Bank
- C) State Bank of India
- D) ICICI Bank
C) State Bank of India
Explanation: State Bank of India (SBI) is the largest public sector bank in India by assets, revenue, and customer base. It is also one of the largest employers in the banking sector.
22. What was the old name of State Bank Of India?
- A) Bank of Madras
- B) Bank of Bombay
- C) Imperial Bank of India
- D) Bank of Calcutta
C) Imperial Bank of India
Explanation: The State Bank of India was formerly known as the Imperial Bank of India before it was renamed in 1955 following an act passed by the Indian Parliament.
23. In which year was Imperial Bank renamed as State Bank of India?
- A) 1950
- B) 1952
- C) 1955
- D) 1957
C) 1955
Explanation: The Imperial Bank of India was renamed the State Bank of India on July 1, 1955, after the State Bank of India Act was passed by the Parliament of India.
24. In which year was the Imperial Bank formed?
- A) 1806
- B) 1843
- C) 1921
- D) 1947
C) 1921
Explanation: The Imperial Bank of India was established in 1921 by merging three presidency banks: the Bank of Calcutta, the Bank of Bombay, and the Bank of Madras.
25. Which bank has the most branches in India?
- A) Punjab National Bank
- B) State Bank of India
- C) Bank of Baroda
- D) Canara Bank
B) State Bank of India
Explanation: The State Bank of India has the most extensive branch network in India, with thousands of branches spread across the country, catering to a vast customer base.
26. Which committee recommended the formation of the State Bank of India?
- A) Narasimham Committee
- B) Hilton Young Commission
- C) Gorewala Committee
- D) All India Rural Credit Survey Committee
C) Gorewala Committee
Explanation: The Gorewala Committee recommended the establishment of the State Bank of India. This committee was set up to examine and recommend measures to improve the banking system in India, leading to the formation of the State Bank of India in 1955.
27. Where is the headquarters of SBI?
- A) New Delhi
- B) Kolkata
- C) Mumbai
- D) Chennai
C) Mumbai
Explanation: The headquarters of the State Bank of India is located in Mumbai, Maharashtra. Mumbai is the financial capital of India, and many major banks and financial institutions are headquartered there.
28. Which is the biggest commercial bank in India?
- A) HDFC Bank
- B) ICICI Bank
- C) Punjab National Bank
- D) State Bank of India
D) State Bank of India
Explanation: The State Bank of India is the largest commercial bank in India in terms of assets, deposits, and customer base. It operates a wide range of banking services and products across the country and internationally.
29. What is the term for loans provided to study abroad?
- A) Domestic loans
- B) Personal loans
- C) Education loans
- D) Commercial loans
C) Education loans
Explanation: Education loans are specifically designed to cover expenses related to studying abroad.
30. The American Express Company, also known as Amex, is headquartered at______
- A) New York City, USA
- B) Chicago, USA
- C) Los Angeles, USA
- D) Boston, USA
A) New York City, USA
Explanation: American Express has its headquarters in New York City.
