Bank exams reward accuracy under time pressure more than depth, and prelims is often decided by a few marks in a twenty minute section. Questions here follow the IBPS PO, IBPS Clerk, SBI PO, SBI Clerk and RBI Grade B pattern across quantitative aptitude, reasoning ability, English language, general and banking awareness, and computer aptitude. Data interpretation sets are included in full rather than as single questions, since that is how they appear in the paper.
What is the tenure of the current Governor of RBI (as of 2024)?
Answer: C
The RBI Governor's tenure is 6 years or until age 65, whichever is earlier.
Q.22Easy
What is the minimum amount required to open a Sukanya Samriddhi Account?
Answer: C
The minimum opening balance for Sukanya Samriddhi Account is ₹1,000 as per 2024 guidelines.
Q.23Easy
What is the current Repo Rate as per RBI's monetary policy (as of 2024)?
Answer: A
As of 2024, RBI has maintained the Repo Rate at 6.50% in its monetary policy stance. The Repo Rate is the rate at which RBI lends to commercial banks.
Q.24Easy
Which bank has the highest number of branches as of 2024?
Answer: A
State Bank of India (SBI) has the largest branch network among all banks in India, with over 20,000 branches across the country.
Q.25Easy
Which of the following banks is NOT a public sector bank?
Answer: C
Axis Bank is a private sector bank. Punjab National Bank, Canara Bank, and Indian Bank are all public sector banks promoted by the Government of India.
Q.26Easy
Which of the following is the regulatory body that oversees the payment and settlement systems in India?
Answer: C
The Reserve Bank of India (RBI) oversees payment and settlement systems in India. NPCI is a subsidiary of RBI that operates retail payment systems.
Q.27Easy
What is the full form of RTGS, which is used for large value fund transfers in India?
Answer: A
RTGS stands for Real Time Gross Settlement, which is used for settlement of large value transactions on a real-time basis.
Q.28Easy
What is the primary objective of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
Answer: B
DICGC's primary objective is to insure deposits of depositors and guarantee credits of banks up to specified limits.
Q.29Easy
Which of the following is NOT a function of the RBI?
Answer: C
Stock exchanges are regulated by SEBI, not RBI. RBI issues currency, regulates monetary policy, and acts as banker to the government.
Q.30Easy
Which of the following is a features of a current account opened in banks?
Answer: D
Current accounts have no transaction limits and overdraft facilities. However, they do not earn interest on deposits.
Q.31Easy
Which of the following is a feature of digital banking in India's financial inclusion drive?
Answer: D
Digital banking provides reduced costs, 724 access, and enables financial inclusion for unbanked populations through mobile and internet banking.
Q.32Easy
Which of the following is NOT a type of deposit account offered by commercial banks?
Answer: C
Perpetual Deposit Account is not a standard deposit category. Banks offer Savings, Current, Fixed, and Recurring deposits.
Q.33Easy
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
Answer: B
PMJDY aims at financial inclusion by providing zero-balance bank accounts and access to banking services for all.
Q.34Easy
What is the full form of SWIFT in banking operations?
Answer: B
SWIFT is the Society for Worldwide Interbank Financial Telecommunication, used for secure international fund transfers.
Q.35Easy
In banking terminology, what does 'Amortization' refer to?
Answer: B
Amortization is the process of gradually paying off a loan through regular, scheduled installments over time.
Q.36Easy
What is the coverage amount under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme as of 2024?
Answer: C
DICGC provides deposit insurance coverage of ₹5 lakhs per depositor per bank to ensure depositor security.
Q.37Easy
Which of the following is the regulator of payment systems in India?
Answer: A
The RBI is the central bank and primary regulator of payment systems in India, including NEFT, RTGS, and UPI.
Q.38Easy
What is the full form of KYC in banking?
Answer: A
KYC (Know Your Client) is a mandatory process for banks to verify customer identity and assess potential risks of illegal activities.
Q.39Easy
Which digital payment system is promoted by RBI and developed by NPCI?
Answer: B
UPI is a real-time payment system developed by NPCI and promoted by RBI for seamless fund transfers.
Q.40Easy
Which RBI scheme was introduced to address financial inclusion and reduce digital divide?
Answer: A
Pradhan Mantri Jan Dhan Yojana targets financial inclusion by opening basic bank accounts for all citizens, especially the unbanked.
