Banking System Quiz MCQ Practice
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1. The central bank of India is the:
- A. State Bank of India
- B. SEBI
- C. Reserve Bank of India (RBI)
- D. NABARD
Answer: Reserve Bank of India (RBI)
Explanation: Reserve Bank of India (RBI) — verified fact for Banking System Quiz.
2. The Reserve Bank of India was established in which year?
- A. 1947
- B. 1969
- C. 1935
- D. 1950
Answer: 1935
Explanation: 1935 — verified fact for Banking System Quiz.
3. Bank nationalization in India, a major policy step affecting 14 major banks, took place in:
- A. 1935
- B. 1947
- C. 1991
- D. 1969
Answer: 1969
Explanation: 1969 — verified fact for Banking System Quiz.