Banking Structure in Assam MCQs

Assam General Knowledge

Module 22: Assam Economy & Banking Awareness MCQs

Topic: Banking Structure in Assam MCQs

Sub-Topic I: Overview of Banking Structure in Assam

Q1. The banking structure in Assam forms part of which broader banking system?

A. State-only banking system
B. Cooperative banking system
C. Indian banking system
D. North-East regional banking system

Correct Answer: C. Indian banking system

Explanation:
The banking system in Assam operates as an integral part of the Indian banking system, governed by national laws and policies.

Q2. Which institution is the apex monetary authority governing banks in Assam?

A. State Finance Department
B. NABARD
C. Reserve Bank of India
D. State Bank of India

Correct Answer: C. Reserve Bank of India

Explanation:
The Reserve Bank of India (RBI) regulates and supervises all banks in Assam, just like in the rest of India.

Q3. Banking development in Assam gained momentum mainly after:

A. 1850
B. 1900
C. Independence (1947)
D. 1991 Economic Reforms

Correct Answer: C. Independence (1947)

Explanation:
After independence, banking expanded rapidly to support economic development, agriculture, and financial inclusion in Assam.

Q4. The primary objective of banking in Assam is to:

A. Promote exports only
B. Support industrialisation alone
C. Provide financial services and credit
D. Control population growth

Correct Answer: C. Provide financial services and credit

Explanation:
Banks aim to provide savings, credit, remittance, and financial inclusion services across urban and rural Assam.

Q5. Assam’s banking structure mainly supports which economic sector?

A. Mining
B. Agriculture and allied activities
C. Space research
D. Marine trade

Correct Answer: B. Agriculture and allied activities

Explanation:
Given Assam’s agrarian economy, banks focus heavily on agriculture, MSMEs, and rural development.

Sub-Topic II: Commercial Banks in Assam

Q6. Which type of banks form the backbone of the banking system in Assam?

A. Cooperative banks
B. Commercial banks
C. Development banks
D. Payment banks

Correct Answer: B. Commercial banks

Explanation:
Commercial banks, including public and private sector banks, provide the widest banking coverage in Assam.

Q7. Which is the largest public sector bank operating in Assam?

A. Punjab National Bank
B. State Bank of India
C. Bank of Baroda
D. Canara Bank

Correct Answer: B. State Bank of India

Explanation:
State Bank of India (SBI) has the largest branch network and customer base in Assam.

Q8. Private sector banks operating in Assam include:

A. Only foreign banks
B. Cooperative banks
C. ICICI Bank and HDFC Bank
D. Regional Rural Banks

Correct Answer: C. ICICI Bank and HDFC Bank

Explanation:
Private banks like ICICI Bank and HDFC Bank operate mainly in urban and semi-urban areas of Assam.

Q9. Commercial banks in Assam primarily mobilise funds through:

A. Taxes
B. Government grants
C. Deposits from the public
D. International aid

Correct Answer: C. Deposits from the public

Explanation:
Public deposits are the main source of funds for commercial banks.

Q10. Which banking service is most widely used in Assam?

A. Offshore banking
B. Savings bank accounts
C. Investment banking
D. Forex trading

Correct Answer: B. Savings bank accounts

Explanation:
Savings accounts are the most common banking product, especially under financial inclusion schemes.

Sub-Topic III: Regional Rural Banks (RRBs) in Assam

Q11. Which Regional Rural Bank serves most districts of Assam?

A. Assam Rural Bank
B. Assam Gramin Bank
C. Assam Gramin Vikash Bank
D. North East Rural Bank

Correct Answer: C. Assam Gramin Vikash Bank

Explanation:
Assam Gramin Vikash Bank (AGVB) is the largest RRB in Assam, sponsored by SBI.

Q12. Regional Rural Banks in Assam mainly serve:

A. Large industries
B. Urban elite
C. Rural and semi-urban population
D. Foreign investors

Correct Answer: C. Rural and semi-urban population

Explanation:
RRBs focus on farmers, artisans, SHGs, and small entrepreneurs.

Q13. RRBs are jointly owned by:

A. State government only
B. Central government only
C. Central, state, and sponsor bank
D. RBI alone

Correct Answer: C. Central, state, and sponsor bank

Explanation:
RRBs have tripartite ownership involving the Centre, State, and sponsor bank.

Q14. The main function of RRBs in Assam is to:

A. Finance multinational companies
B. Promote rural credit and inclusion
C. Control inflation
D. Issue currency

Correct Answer: B. Promote rural credit and inclusion

Explanation:
RRBs aim to bridge the rural-urban banking gap.

Q15. Which sector receives priority lending from RRBs in Assam?

A. Luxury housing
B. Agriculture
C. Stock markets
D. Aviation

Correct Answer: B. Agriculture

Explanation:
Agriculture is a priority sector, especially for small and marginal farmers.

Sub-Topic IV: Cooperative Banking Structure in Assam

Q16. Cooperative banks in Assam primarily function under:

A. RBI only
B. State Cooperative Societies Act
C. Parliament directly
D. NABARD Act

Correct Answer: B. State Cooperative Societies Act

Explanation:
Cooperative banks are regulated under state cooperative laws, with RBI oversight.

Q17. The Assam State Cooperative Bank mainly serves:

A. Exporters
B. Industrial houses
C. Cooperative societies and farmers
D. Foreign traders

Correct Answer: C. Cooperative societies and farmers

Explanation:
It supports agricultural credit and cooperative institutions.

Q18. Primary Agricultural Credit Societies (PACS) operate at which level?

A. State level
B. District level
C. Block/Village level
D. National level

Correct Answer: C. Block/Village level

Explanation:
PACS are the grass-root level cooperative credit institutions.

Q19. Cooperative banks are especially important in Assam because:

A. Industrialisation is high
B. Rural population is large
C. Export trade dominates
D. Tourism is the main economy

Correct Answer: B. Rural population is large

Explanation:
Assam’s large rural population depends on cooperative credit systems.

Q20. Cooperative banks mainly provide:

A. Long-term industrial loans
B. Short-term agricultural credit
C. International finance
D. Defence funding

Correct Answer: B. Short-term agricultural credit

Explanation:
They support crop production and allied activities.

Sub-Topic V: Development & Financial Inclusion Institutions

Q21. Which institution supports rural banking and development in Assam?

A. RBI
B. SEBI
C. NABARD
D. LIC

Correct Answer: C. NABARD

Explanation:
NABARD promotes rural development, agriculture, and credit planning.

Q22. NABARD primarily refinances loans given by:

A. Foreign banks
B. Commercial banks and RRBs
C. Stock exchanges
D. NBFCs only

Correct Answer: B. Commercial banks and RRBs

Explanation:
NABARD provides refinance support to banks lending to priority sectors.

Q23. Financial inclusion in Assam is promoted mainly through:

A. Private investments
B. Government-led banking schemes
C. Foreign aid
D. Stock markets

Correct Answer: B. Government-led banking schemes

Explanation:
Schemes like PMJDY help bring unbanked people into the banking system.

Q24. Banking Correspondents (BCs) in Assam help in:

A. Policy making
B. Urban banking
C. Doorstep banking services
D. Forex trading

Correct Answer: C. Doorstep banking services

Explanation:
BCs provide basic banking services in remote areas.

Q25. Financial inclusion is important for Assam because:

A. Population is declining
B. Economy is agriculture-based
C. Industrialisation is complete
D. Urbanisation is very high

Correct Answer: B. Economy is agriculture-based

Explanation:
Inclusive banking supports farmers, daily wage earners, and small businesses.

Sub-Topic VI: Exam-Oriented Analytical Questions

Q26. The banking structure of Assam reflects:

A. A purely urban economy
B. Balanced rural-urban focus
C. Industrial dominance
D. Coastal trade economy

Correct Answer: B. Balanced rural-urban focus

Explanation:
Assam’s banking system caters to both rural and urban needs.

Q27. Which banking institution plays the most direct role in rural credit delivery?

A. RBI
B. Commercial banks only
C. Regional Rural Banks
D. Stock exchanges

Correct Answer: C. Regional Rural Banks

Explanation:
RRBs directly reach rural borrowers and farmers.

Q28. Why are banking structure questions important for Assam GK exams?

A. They are rarely asked
B. They link economy, governance, and development
C. They are descriptive only
D. They focus on international trade

Correct Answer: B. They link economy, governance, and development

Explanation:
Banking reflects economic policy and grassroots development, a core GK area.

Q29. Which factor most influences branch expansion in Assam?

A. Climate
B. Population distribution
C. Ocean access
D. Desertification

Correct Answer: B. Population distribution

Explanation:
Banks expand based on population density and economic activity.

Q30. Understanding Assam’s banking structure is most useful for:

A. Language papers
B. Preliminary objective exams
C. Optional mathematics
D. Interview etiquette

Correct Answer: B. Preliminary objective exams

Explanation:
Most Assam-based exams include objective MCQs on banking awareness.

• Assam Banking System MCQs

• Banking Awareness Assam GK

• Regional Rural Banks in Assam MCQs

• Assam Economy and Banking MCQs

• Banking Structure MCQs for APSC Assam

• NABARD and RRBs in Assam GK

• Banking Awareness Questions for Assam Exams

🔹 Why Banking Structure in Assam MCQs Are Important for Competitive Exams

This well-structured set of Banking Structure in Assam MCQs provides aspirants with a clear understanding of commercial banks, regional rural banks, cooperative banks, NABARD, and financial inclusion mechanisms operating in Assam. Banking awareness is a high-weightage and concept-driven area in Assam-specific competitive examinations.

Prepared strictly in accordance with the Assam General Knowledge and Banking Awareness syllabus, these MCQs are extremely useful for APSC, UPSC, Assam Police, TET, Forest, Banking, Grade III & IV, CEE, as well as SEBA, AHSEC, ASSEB, CBSE, and college & university examinations across Assam. Regular practice strengthens economic awareness, policy understanding, and prelims performance.

🔹 FAQ Section

FAQ 1: Are these Banking Structure in Assam MCQs useful for APSC exams?

Yes. These MCQs are fully aligned with the APSC Assam General Knowledge and Economy syllabus and cover high-probability exam areas.

FAQ 2: Do these MCQs include questions on RRBs and cooperative banks in Assam?

Yes. The questions comprehensively cover commercial banks, regional rural banks, cooperative banking structure, and NABARD’s role in Assam.

FAQ 3: Are these MCQs relevant for Banking and Grade III/IV exams?

Absolutely. Banking structure and financial inclusion topics are core sections in Banking, Grade III & IV, and Assam Police examinations.

FAQ 4: Are the explanations suitable for beginners?

Yes. Each MCQ includes a simple, concept-clearing explanation, making it ideal for beginners as well as advanced aspirants.

FAQ 5: How should aspirants study Assam banking topics effectively?

Aspirants should revise these MCQs along with current banking schemes, Assam economy topics, and financial inclusion initiatives for best results.