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Banking System Quiz MCQ Practice

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1. The central bank of India is the:

  1. A. State Bank of India
  2. B. SEBI
  3. C. Reserve Bank of India (RBI)
  4. 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?

  1. A. 1947
  2. B. 1969
  3. C. 1935
  4. 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:

  1. A. 1935
  2. B. 1947
  3. C. 1991
  4. D. 1969
Answer: 1969
Explanation: 1969 — verified fact for Banking System Quiz.

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