44
Q:

In which year SBI was Nationalised ?

A) 1995 B) 1955
C) 1980 D) 1969

Answer:   B) 1955



Explanation:

The nationalisation of banks in India took place in 1969 by Mrs. Indira Gandhi the then prime minister. It nationalised 14 banks then. These banks were mostly owned by businessmen and even managed by them. Before the steps of nationalisation of Indian banks, only State Bank of India (SBI) was nationalised. It took place in July 1955 under the SBI Act of 1955.

 In_which_year_SBI_was_Nationalised1559024417.jpg image

Nationalisation of Seven State Banks of India (formed subsidiary) took place on 19th July, 1960.

 

1955 : Nationalisation of State Bank of India.
1969 : Nationalisation of 14 major banks.
1980 : Nationalisation of seven banks with deposits over 200 crores.

Subject: Bank Interview
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk
Q:

A debit may signify an

A) Increase in asset account B) Decrease in asset account
C) Increase in liability account D) Increase in capital account
 
Answer & Explanation Answer: A) Increase in asset account

Explanation:

A debit can signify an increase in asset, an expense, and the owner's drawings. A debit can also signify a decrease in a liability, revenues and owner's equity.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: Bank Exams

1 883
Q:

Loan and Advances of a bank come under the category of______________.

A) Deposits B) Expenditure
C) Liabilities D) Assets
 
Answer & Explanation Answer: D) Assets

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview

1 3027
Q:

State Bank of India recently launched 'SBI Exclusif'. It is a ____ product.

A) Wealth Management B) Loan
C) Mutual Fund D) Insurance
 
Answer & Explanation Answer: A) Wealth Management

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: Bank Exams
Job Role: Bank PO

0 1592
Q:

Headquarters of State Bank of India is in

A) Noida B) Mysore
C) Mumbai D) Hyderabad
 
Answer & Explanation Answer: C) Mumbai

Explanation:

State Bank of India (SBI) is the largest public sector banks in India. It was the first bank established in India as Bank of Calcutta in 1806 and then Imperial Bank of India and then it became State Bank of India on 1st July 1955. The Headquarters of State Bank of India is in Mumbai, Maharashtra.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

4 1849
Q:

Which of the following terms is not used in banking sector?

A) Daily Product Basis B) Remittancel
C) Cash Reserve D) Actuary
 
Answer & Explanation Answer: D) Actuary

Explanation:

Actuary is the term which is not used in banking sector.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1878
Q:

Foreign Exchange Rates refer to the

Answer

A foreign exchange rate is the price of the domestic currency stated in terms of another currency.

Report Error

View answer Workspace Report Error Discuss

Subject: Bank Interview Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

3 1821
Q:

Financial statements are prepared from which trial balance?

A) Unadjusted trial balance B) Adjusted trial balance
C) Post- closing trial balance D) None of the above
 
Answer & Explanation Answer: B) Adjusted trial balance

Explanation:

Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

3 1866
Q:

Commercial banks are funded through which of the following?

A) Customer deposits B) Services
C) Stock holders D) Government funding
 
Answer & Explanation Answer: A) Customer deposits

Explanation:

A commercial bank is a financial body which performs the functions of accepting deposits from the general public and giving short term loans for investment with the aim of earning profit.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1911