Showing 1–10 of 18 questions
in Banking Awareness
Q.1
Easy
Banking Awareness
Which of the following is the regulatory body for banks in India?
A
Reserve Bank of India
B
State Bank of India
C
Securities and Exchange Board of India
D
Insurance Regulatory and Development Authority
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)?
A
5.75%
B
6.50%
C
6.25%
D
5.50%
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?
A
HDFC Bank
B
ICICI Bank
C
State Bank of India
D
Axis Bank
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?
A
Standard Wire for International Financial Transfer
B
Society for Worldwide Interbank Financial Telecommunication
C
Secure Wireless International Financial Transaction
D
System for World Integration of Financial Technology
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?
A
Senior citizens only
B
Unbanked and underbanked population
C
Agricultural sector only
D
Industrial sector workers
Correct Answer:
B. Unbanked and underbanked population
Explanation:
PMJDY was launched to provide universal access to banking services to unbanked and underbanked sections.
Q.6
Medium
Banking Awareness
What is the minimum paid-up capital required for a Small Finance Bank to operate in India as per RBI guidelines (2024)?
A
Rs. 50 crore
B
Rs. 100 crore
C
Rs. 200 crore
D
Rs. 500 crore
Correct Answer:
B. Rs. 100 crore
Explanation:
RBI requires Small Finance Banks to maintain a minimum paid-up capital of Rs. 100 crore.
Q.7
Medium
Banking Awareness
Under Basel III norms, what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for banks?
Explanation:
Basel III requires banks to maintain a minimum CRAR of 10.5% (including capital conservation buffer).
Q.8
Medium
Banking Awareness
Which of the following is NOT a type of Non-Performing Asset (NPA)?
A
Substandard assets
B
Doubtful assets
C
Loss assets
D
Standard assets
Correct Answer:
D. Standard assets
Explanation:
Standard assets are performing assets. NPAs include substandard, doubtful, and loss assets.
Q.9
Medium
Banking Awareness
Which financial year did India adopt the Goods and Services Tax (GST)?
A
2015-16
B
2016-17
C
2017-18
D
2018-19
Correct Answer:
C. 2017-18
Explanation:
GST was implemented in India from July 1, 2017 (2017-18 financial year).
Q.10
Medium
Banking Awareness
What is the current reverse repo rate as per RBI's latest monetary policy (2024-2025)?
A
5.75%
B
6.00%
C
6.25%
D
6.50%
Explanation:
The reverse repo rate is typically 50 bps below the repo rate, set at 6.00% in 2024-2025.
