1. When was Indian Overseas Bank established?
a. 1935
b. 1947
c. 1969
d. 1980
Answer: a. 1935
2. Where is the headquarters of Indian Overseas Bank located?
a. Mumbai
b. Chennai
c. Kolkata
d. New Delhi
Answer: b. Chennai
3. Which regulatory body supervises Indian Overseas Bank?
a. RBI (Reserve Bank of India)
b. SEBI (Securities and Exchange Board of India)
c. IRDAI (Insurance Regulatory and Development Authority of India)
d. FICCI (Federation of Indian Chambers of Commerce and Industry)
Answer: a. RBI (Reserve Bank of India)
4. What is the tagline of Indian Overseas Bank?
a. The Bank that begins with “I”
b. Good people to grow with
c. Tradition of trust
d. Your family bank, across India
Answer: a. The Bank that begins with “I”
5. In which year did Indian Overseas Bank become nationalized?
a. 1947
b. 1969
c. 1980
d. 1991
Answer: b. 1969
6. What is the currency of India?
a. Rupee
b. Rupiah
c. Ringgit
d. Baht
Answer: a. Rupee
7. Who is the current Managing Director and CEO of Indian Overseas Bank?
a. Sunil Mehta
b. Partha Pratim Sengupta
c. Karnam Sekar
d. Challa Sreenivasulu Setty
Answer: d. Challa Sreenivasulu Setty
8. What is the minimum age requirement to open a savings account with Indian Overseas Bank?
a. 16 years
b. 18 years
c. 21 years
d. 25 years
Answer: b. 18 years
9. What is the primary function of Indian Overseas Bank?
a. Insurance services
b. Foreign exchange services
c. Agricultural loans
d. Educational scholarships
Answer: b. Foreign exchange services
10. Which of the following is NOT a product/service offered by Indian Overseas Bank?
a. Personal Loans
b. Home Appliances
c. Fixed Deposits
d. Demat Accounts
Answer: b. Home Appliances
11. Indian Overseas Bank is associated with which card network for its debit cards?
a. MasterCard
b. Visa
c. American Express
d. RuPay
Answer: d. RuPay
12. What is the minimum balance requirement for a regular savings account in Indian Overseas Bank?
a. No minimum balance
b. Rs. 500
c. Rs. 1,000
d. Rs. 5,000
Answer: a. No minimum balance
13. Which scheme was launched by Indian Overseas Bank to provide financial assistance for the education of children?
a. Vidya Jyoti
b. Shiksha Sagar
c. EduCare
d. Siksha Bandhan
Answer: a. Vidya Jyoti
14. Indian Overseas Bank has a significant presence in which region outside of India?
a. Middle East
b. Europe
c. Southeast Asia
d. Africa
Answer: a. Middle East
15. What is the maximum tenure for a fixed deposit in Indian Overseas Bank?
a. 1 year
b. 5 years
c. 10 years
d. 15 years
Answer: b. 5 years
16. Which committee recommended the establishment of Indian Overseas Bank?
a. Hilton Young Commission
b. Narasimham Committee
c. All India Rural Credit Review Committee
d. Tarapore Committee
Answer: c. All India Rural Credit Review Committee
17. What is the name of the mobile banking app offered by Indian Overseas Bank?
a. IOB mPay
b. IOB Connect
c. IOB MobileEase
d. IOB e-Transact
Answer: a. IOB mPay
18. In which year did Indian Overseas Bank launch its fully digitized, paperless savings account opening service?
a. 2018
b. 2019
c. 2020
d. 2021
Answer: b. 2019
19. Which type of loan is specifically designed to meet the financial requirements of agriculturists in India?
a. Personal Loan
b. Education Loan
c. Kisan Credit Card Scheme
d. Home Loan
Answer: c. Kisan Credit Card Scheme
20. Indian Overseas Bank is a part of which financial network in India?
a. NEFT (National Electronic Funds Transfer)
b. RTGS (Real-Time Gross Settlement)
c. IMPS (Immediate Payment Service)
d. UPI (Unified Payments Interface)
Answer: b. RTGS (Real-Time Gross Settlement)
21. Which of the following is a government-sponsored insurance scheme in collaboration with Indian Overseas Bank?
a. Pradhan Mantri Jan Dhan Yojana (PMJDY)
b. Pradhan Mantri Fasal Bima Yojana (PMFBY)
c. Atal Pension Yojana (APY)
d. Stand Up India
Answer: b. Pradhan Mantri Fasal Bima Yojana (PMFBY)