Central Exam — Bank PO / Clerk / RBI — Banking Awareness
UPSC · SSC · Bank · Railway · NDA — Central Government Exam MCQ Practice
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in Banking Awareness
Q.1
Easy
Banking Awareness
Which of the following is the regulatory body for banks in India?
Correct Answer:
A. Reserve Bank of India
Explanation:
RBI is the central bank and primary regulator of all banks in India.
Q.2
Easy
Banking Awareness
What is the current repo rate as per RBI's latest monetary policy (2024-2025)?
Correct Answer:
B. 6.50%
Explanation:
RBI has set the repo rate at 6.50% in its latest policy review of 2024-2025.
Q.3
Easy
Banking Awareness
Which bank is the largest public sector bank in India by asset size?
Correct Answer:
C. State Bank of India
Explanation:
State Bank of India (SBI) is the largest public sector bank in India.
Q.4
Easy
Banking Awareness
What does SWIFT stand for in banking?
Correct Answer:
B. Society for Worldwide Interbank Financial Telecommunication
Explanation:
SWIFT is the standard international system for financial messaging between banks.
Q.5
Easy
Banking Awareness
The Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to provide banking services to which segment?
Correct Answer:
B. Unbanked and underbanked population
Explanation:
PMJDY was launched to provide universal access to banking services to unbanked and underbanked sections.