Banking Awareness Questions- Practice Set 3


  1. Bank rate of RBI is also known as – a) Interest Rate b) Discount Rate c) fed rate d) bid rate
  2. Which of the following is not the any element of quantitative credit control policy of RBI – a) CRR b) SLR c) Selective credit control d) open market operation.
  3. At present CRR of RBI is – a) 4% b) 7.5% c) 8.5% d) none of these
  4. The limitation of CRR of RBI is – a)3-10 % b) 3-15% c) 15-38% d) 10-25%
  5. The apex organization of Indian money market is – a)SBI b) SEBI c) RBI d) IRDA
  6. If the cash reserve is lowered by RBI, what will be its effect on credit creation -a) Decrease b) Increase c) No Change d) None of these
  7. The expansion of money supply of an economy depends on – a) The policy of CRR b) The bank rate policy c) Open market operation d) All of these
  8. Among the following who are eligible to benefit from the Mahatma Gandhi National Rural Employment Guarantee Act? – a) Adult Members of only the scheduled caste and scheduled tribe holders b) Adult of below poverty line household c) Adult members of household of all backward community d) adult members of any rural household e) None of these
  9. Which of the following banks merged with Punjab national banks in 1993 – a) New bank of India b) Central Bank of India c) Imperial Bank of India d) Common bank of India
  10. A currency, the exchange values of which is expected to remain stable due to strong performance by it’s economy. This currency is – a) Soft Currency b) Hot currency c) Fiat currency d) None of these (Hard Currency)
  11. The Reserve Bank of India issues under the following note issue method? – a) Proportional Reserve System b) Minimum Reserve System c) Maximum Reserve System d) Fixed Fiduciary System
  12. What is a Scheduled Bank? – a) A bank having Rs 10 Crore deposits b) A bank having Rs 100 Crore deposits c) A bank having Rs 5 Crore deposits d) A bank included in the second schedule of RBI act 1934.
  13. How many languages are used on a Ten Rupee note? – a) 2 b) 7 c) 10 d) 15 e) 16
  14. The place where bankers meet and settle their mutual claims and accounts is known as – a) Treasury b) Clearing House c) Dumping House d) Collection centre
  15. The largest Public sector bank in India –a) SBI b) PNB c) RBI d) ICICI
  16. Which of the following is not the function of RBI – a) Banker’s bank b) Banker to public c) custodian of foreign exchange d) Bankers to Govt.
  17. Who is responsible for the collection and publication of monetary and financial information-  a) Finance Commission b) Finance ministry c) RBI d) Auditor and Comptroller general of India
  18. Which of the following regulatory authority  to oversee the new issues, protect the investment and investors, promote the development of Capital Market and regulate the working of Stock Exchange – a) UTI b) IRDA c) RBI d) SEBI e) None of these
  19. After a long span of 22 years, RBI released Rs.1000/- currency note for circulation in – a) 2000 b) 2002 c) 2005 d) 2008
  20. Regional Rural banks are working in all states of the country except – a) Sikkim and Goa b) Sikkim and Manipur c) Manipur and Nagaland d) Jammu and Kashmir
  21. The National Housing Bank  is a subsidiary of – a)RBI b) NABARD c)IDBI d) UTI
  22. At present the ceiling of Foreign Direct Investment (FDI) in insurance sector in India is – a) 26% b) 49% c) 51% d) 74%
  23. Rs. 25 Paisa was ceased by the Govt of India on – a) 30th june 2011 b) 30th July 2011 c) 1st January 2011 d) 1st July 2011
  24. Initial Public Offering (IPO) is associated with – a) RBI b) Stock Exchange c) IRDA d) Indian Postal Service
  25. The Basic regulatory authority for mutual funds and stock markets lies with the – a) Government of India b) Reserve Bank of India c) Securities and Exchange Board of India (SEBI) d) Stock Exchange

22 thoughts on “Banking Awareness Questions- Practice Set 3

  1. nilanchala parida says:

    no of question should be increased.and current banking with bankink gk should be there.

    • nilanchala parida says:


    • I appreciate it. I promise in our future practice set we will increase no of questions and as well as we will put some current banking awareness question. Actually we’ve a plan to continue with this traditional banking awareness question till Practice Set 5. After that we will mix both traditional banking with current banking awareness.


  2. really good but some ans are missing

  3. sir i want banking awareness.please send to my email

  4. Yogeshyadav787 says:

    sir i want to know about banking awareness .plz send it on my mail account yogeshyadav787@gmail:disqus .com plz sir

  5. Naresh Swana says:

    which book is good for the banking awareness…! pls mail (  to me sir

  6. Darshan Pacholi13 says:

    which book is good for the banking awareness…1 & computer knowledge…! pls mail (

  7. Purnendu Nayek says:

    i want to know which author follow  banking awareness and computer book..


    thanks yhese good question this is helpto me

  9. Taysunkushwaha says:

    Please Post new questions, these all are old questions.

  10. Aisha Aisha448 says:

    really beneficial question………thanx for providing this..

  11. Seema Sasmita5 says:

    whr is the ans of set2 

  12. Soumyasankar91 says:

    really useful parers…thanks.

  13. P.PHILOMAN BABU says:


  14. where are the answers of these questions

  15. it’s very good for best preparation

  16. Mantu Kumar Deka says:

    Very good..but no option for Copy paste……..Hope you will enable it..

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