Banking Awareness Quiz – Set 58

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Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. Which of the following banks introduced the first ATM in India?
   A. SBI
   B. ICICI Bank
   C. Axis Bank
   D. HSBC
   
   Answer & Explanation

   D. HSBC
   Explanation:
   The Hongkong and Shanghai Banking Corporation(HSBC) was the first bank to introduce the ATM concept in India in 1987.
   
   
2. Which of the following considered as the first bank in India?
   A. Bank of Hindustan
   B. Imperial Bank of India
   C. General Bank of India
   D. New Bank of India
   
   Answer & Explanation

   A. Bank of Hindustan
   Explanation:
   Bank of Hindustan, the first bank in India was established in 1770.
   
   
3. Which of the following banks became the first Indian bank to open a branch outside India?
   A. SBI
   B. ICICI Bank
   C. Axis Bank
   D. BOI
   
   Answer & Explanation

   D. BOI
   Explanation:
   In 1946, Bank of India(BOI) became the first Indian bank to open a branch outside India in London.
   
   
4. Which of the following banks in India became the first bank to open branch in China?
   A. SBI
   B. ICICI Bank
   C. Axis Bank
   D. BOI
   
   Answer & Explanation

   A. SBI
   Explanation:
   State Bank of India has become the first Indian bank to start commercial operations in China.
   
   
5. First Indian Bank got ISO certification is ________
   A. SBI
   B. ICICI Bank
   C. Canara Bank
   D. BOI
   
   Answer & Explanation

   C. Canara Bank
   Explanation:
   Canara Bank became the first Indian Bank to get ISO certification for “Total Branch Banking” for its Seshadripuram branch in Bangalore.
   
   
6. First Indian bank to provide Internet Banking facility is ________
   A. SBI
   B. ICICI Bank
   C. Canara Bank
   D. BOI
   
   Answer & Explanation

   B. ICICI Bank
   Explanation:
   First Indian bank to Introduce internet banking – ICICI bank.
   
   
7. First Indian bank which introduced Mutual Funds is ________
   A. SBI
   B. ICICI Bank
   C. Canara Bank
   D. BOI
   
   Answer & Explanation

   A. SBI
   Explanation:
   State Bank of India – First Indian bank to introduce Mutual Funds.
   
   
8. India’s first bank to introduce Display variant Debit Card ___________
   A. SBI
   B. ICICI Bank
   C. Axis Bank
   D. BOI
   
   Answer & Explanation

   C. Axis Bank
   Explanation:
   Axis Bank launches country’s first ‘display variant’ debit card.
   
   
9. First Regional Rural Bank(RRB) in India is ________
   A. Pandyan Bank
   B. Prathama Bank
   C. Pallavan Bank
   D. Baitarani Bank
   
   Answer & Explanation

   B. Prathama Bank
   Explanation:
   Prathama Bank is the first Regional Rural Bank of India, sponsored by Syndicate Bank established on 2nd October, 1975, with its Head Office at Moradabad.
   
   
10. India’s first co-operative Bank is _______
    A. Anonya Co-operative Bank
    B. Cosmos Co-operative Bank
    C. Janalaxmi Co-operative Bank
    D. karad Urban Co-operative Bank
    
    Answer & Explanation

    A. Anonya Co-operative Bank
    Explanation:
    Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara (formerly Baroda) in Gujarat, is the first co-operative bank in India.