Canara Bank MCQ

1. When was Canara Bank founded?
a) 1906
b) 1911
c) 1946
d) 1969
Answer: b) 1911

2. Where is the headquarters of Canara Bank located?
a) Mumbai
b) Kolkata
c) Bengaluru
d) Chennai
Answer: c) Bengaluru

3. Canara Bank was nationalized in which year?
a) 1949
b) 1969
c) 1980
d) 1991
Answer: b) 1969

4. Who is the current Chairman of Canara Bank?
a) Rakesh Sharma
b) T.N. Manoharan
c) Karnam Sekar
d) Rajnish Kumar
Answer: c) Karnam Sekar

5. What is the tagline of Canara Bank?
a) Serving to Empower
b) Together We Can
c) Faithful Friendly
d) Tradition of Trust
Answer: c) Faithful Friendly

6. How many branches does Canara Bank have across India?
a) Over 5000
b) Over 6000
c) Over 7000
d) Over 8000
Answer: b) Over 6000

7. Which of the following is NOT a product or service offered by Canara Bank?
a) Savings accounts
b) Education loans
c) Airline services
d) Personal loans
Answer: c) Airline services

8. Canara Bank provides financial assistance to which sector under its priority sector lending?
a) Agriculture
b) Tourism
c) Information Technology
d) Manufacturing
Answer: a) Agriculture

9. What is Canara Bank’s mobile banking application called?
a) Canara Mobile
b) Canara e-Infobook
c) Canara Bank Empower
d) CanMobile
Answer: d) CanMobile

10. Which of the following is a subsidiary of Canara Bank?
a) Canara HSBC OBC Life Insurance Company Limited
b) Canara Robeco Mutual Fund
c) Canara Bank Securities Limited
d) All of the above
Answer: d) All of the above

11. What is the minimum age requirement to open a savings account in Canara Bank?
a) 16 years
b) 18 years
c) 21 years
d) 25 years
Answer: b) 18 years

12. Canara Bank’s international division is headquartered in which city?
a) New York
b) London
c) Dubai
d) Singapore
Answer: b) London

13. Canara Bank introduced the first credit card in India in collaboration with which international company?
a) Mastercard
b) Visa
c) American Express
d) Diners Club International
Answer: c) American Express

14. What is the name of Canara Bank’s corporate internet banking service?
a) CanBank Corporate
b) Canara Cash Management Services
c) Canara Bank Empower
d) Canara Online Banking
Answer: b) Canara Cash Management Services

15. Canara Bank was founded by:
a) Sir Sorabji Pochkhanawala
b) R. Subramanian
c) Shahu Maharaj
d) Ammembal Subba Rao Pai
Answer: d) Ammembal Subba Rao Pai

16. Canara Bank has a presence in which of the following countries?
a) United States
b) United Kingdom
c) UAE
d) All of the above
Answer: d) All of the above

17. Canara Bank merged with which bank in 2020 to become the fourth-largest public sector bank in India?
a) Punjab National Bank
b) Syndicate Bank
c) Bank of Baroda
d) Union Bank of India
Answer: b) Syndicate Bank

18. Canara Bank’s logo consists of which animal?
a) Lion
b) Elephant
c) Horse
d) Tiger
Answer: b) Elephant

19. What is the term for Canara Bank’s retail loan product for the purchase of consumer durables, like TVs and refrigerators?
a) Canara Insta Loan
b) Canara Budget Loan
c) Canara Asset Loan
d) Canara Appliance Loan
Answer: d) Canara Appliance Loan

20. What is the tenure of the current MD & CEO of Canara Bank, L.V. Prabhakar?
a) 3 years
b) 5 years
c) 7 years
d) 10 years
Answer: b) 5 years