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Banking Questions

Practice 71 Banking questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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71
Total Questions
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2
Easy
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69
Medium
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0
Hard
Practice by Exam:Economics(24)General Awareness(12)General Knowledge(7)Indian Economy(7)Current Affairs(4)Quantitative Aptitude(4)Economy(4)General Studies(3)

About Banking — practice questions, PYQs & concepts

Banking is a frequently-tested topic on Economics, General Awareness, General Knowledge. ExamTest.live currently lists 71 Banking questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Banking weight in competitive exams

Across our Banking question bank, the largest sources are Economics (24), General Awareness (12), General Knowledge (7), Indian Economy (7) and Current Affairs (4). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 2 easy Banking questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Banking Questions(1–71 of 71)

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Q1mediummcqGeneral KnowledgeWest Bengal Civil Services2026
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Which Bank made inaugural event of first digital branch named 'CANDI' in Bengaluru, recently?
Q2mediummcqEconomicsCompetitive Exam Practice Paper2026
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Financial inclusion as per RBI means:
Q3mediummcqEconomicsSSC GD2026
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In which year was The Reserve Bank of India was established?
Q4mediummcqIndian EconomyGeneral Studies Competitive Exam2026
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Which of the following organizations looks after the credit needs of agriculture and rural development in India?
Q5mediummcqGeneral AwarenessSSC CGL2026
100% accuracy
Which of these is not an Indian Bank?
Q6mediummcqEconomicsGeneral Knowledge2026
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Which one of the following is not the attribute/main function of NABARD?
Q7mediummcqGeneral StudiesIndian Competitive Exams2026
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Repo rate and Reverse Repo rate are related to which of the following?
Q8mediummcqEconomicsCompetitive Exam2026
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What is the meaning of a Gilt-Edged market?
Q9mediummcqGeneral AwarenessSSC CHSL Previous Year Paper2026
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Where will the Reserve Bank of India be setting up its first Automated Banknote Processing Centre for Storage, receipt and dispatch of currency notes in 2020?
Q10mediummcqEconomicsGeneral Practice2026
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NABARD is associated with
Q11mediummcqEconomicsWest Bengal Civil Services2026
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Industrial credit is available from
Q12mediummcqEconomicsWest Bengal Civil Services2026
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How many private commercial banks were nationalized in 1969?
Q13mediummcqQuantitative AptitudeCompetitive Exam Practice2026
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A sum of money invested at compound interest amounts to ₹ in years and ₹ in years. Find the rate of interest per annum.
Q14mediummcqQuantitative AptitudeCompetitive Exam Practice2026
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Find the principal amount when the Simple Interest (S.I.) is ₹ , the rate of interest is per annum, and the time is .
Q15mediummcqGeneral AwarenessCompetitive Exam2026
0% accuracy
The first woman Chairperson of the State Bank of India appointed in 2013 was
Q16easymcqEconomicsCompetitive Exam2026
100% accuracy
The EXIM Bank of India deals with
Q17mediummcqEconomicsCompetitive Exam2026
0% accuracy
The minimum interest rate of a bank below which it is not allowed to lend money is called the _______.
Q18mediummcqEconomicsCompetitive Exam2026
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Which of the following was NOT listed as a short-term priority of the Reserve Bank of India (RBI) as per the Annual Report of RBI, 2014-2015?
Q19mediummcqIndian EconomyIndian Competitive Exam2026
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Commercial banks are required to maintain a specific proportion of their net demand and time liabilities in liquid assets like cash, gold, or unencumbered securities. This is called:
Q20mediummcqGeneral StudiesIndian Competitive Exams2026
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What is the place where bankers meet to settle their mutual claims and accounts known as?
Q21mediummcqGeneral AwarenessSSC Selection Post 2021 Question Paper (09-Feb-2022) (Shift-1)2026
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Suppose you earn ₹100 on the first day of every month and run down this balance evenly over the rest of the month, then your cash balances (in ₹) at the beginning and the end of the month are:
Q22mediummcqGeneral KnowledgeCompetitive Exam2026
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Based on the historical budget/financial allocations presented in question 45 of image_66e168.jpg, fill in the blank: "The financial or the banking system will receive an additional boost in terms of ________ Crore of base money each year."
Q23mediummcqEconomicsCompetitive Exam Prep2026
Financial inclusion as defined by the Reserve Bank of India () encompasses which of the following objectives?
Q24mediummcqGeneral KnowledgeCompetitive Exam2026
Which bank launched its first fully digital branch named 'CANDI' in Bengaluru?
Q25mediummcqGeneral KnowledgeCompetitive Exam2026
The central headquarters of the World Bank Group is located in:
Q26mediummcqEconomicsIndian Competitive Exams2026
Which bank gives long-term loans to farmers?
Q27mediummcqIndian Polity and EconomyCompetitive Exams2026
What is ECF?
Q28mediummcqIndian Polity and EconomyCompetitive Exams2026
PCA stands for
Q29mediummcqGeneral AwarenessGovernment Exams Practice2026
The 100 Rupee Currency Note in India is signed by the:
Q30mediummcqEconomicsCompetitive Exam2026
Nationalisation of 14 Commercial Banks took place in:
Q31mediummcqEconomicsIndian Competitive Exams2026
Gilt-edged market means
Q32mediummcqIndian EconomyCompetitive Exam2026
The main function of the EXIM Bank is
Q33mediummcqIndian Polity & EconomyIndian Competitive Exams2026
Repo rate and Reverse Repo rate are related with:
Q34mediummcqEconomicsIndian Competitive Exams2026
The minimum interest rate of a bank below which it is not viable to lend is known as _______.
Q35mediummcqIndian Polity & EconomyIndian Competitive Exams2026
Consider the following statements and identify the correct option:
(i) The Reserve Bank of India (RBI) is the custodian of the country's foreign exchange reserves.
(ii) It acts to keep the exchange rate of the domestic currency stable within targeted bands.
Q36mediummcqEconomicsIndian Competitive Exams2026
Which of the following is called a 'Banker's Cheque'?
Q37mediummcqEconomicsCompetitive Exam2026
'Non-performing Assets' (NPA) of Indian Commercial Banks are _____.
Q38mediummcqIndian Polity & EconomyIndian Competitive Exams2026
The centralized institution or place where commercial bankers meet to exchange checks and settle mutual claims and financial accounts is known as a:
Q39mediummcqEconomicsCompetitive Exam Practice Paper2026
The responsibility for printing currency notes in India lies in the hand of
Q40easymcqEconomicsCompetitive Exam2026
In India the Repo rate is announced by
Q41mediummcqEconomicsCompetitive Exam Practice Paper2026
In the Indian banking system, the acronym PCA stands for:
Q42mediummcqIndian EconomyCompetitive Exam2026
In the context of the Indian economy and central banking, what does the abbreviation 'ECF' stand for?
Q43mediummcqGeneral AwarenessCompetitive Exam2026
What percentage of 500 and 1000 rupees notes was received by RBI after the 2016 demonetization?
Q44mediummcqEconomySSC CGL2026
Which of the following is NOT a sub-scheme under the Pradhan Mantri Mudra Yojana?
Q45mediummcqGeneral StudiesCompetitive Exam2026
Which of the following is not a function of the Reserve Bank of India (RBI)?
Q46mediummcqGeneral AwarenessUP Police Constable2026
State the quantity of gold bought by the Reserve Bank of India during the financial year 2017-18 in its first purchase of gold in almost nine years.
Q47mediummcqEconomySSC CGL2026
How many alpha-numeric characters does an Indian Financial System Code contain?
Q48mediummcqGeneral AwarenessIndian Competitive Exam2026
In September 2021, which of the following banks partnered with Bajaj Allianz General Insurance for the distribution of their non-life insurance products across the country?
Q49mediummcqGeneral AwarenessIndian Competitive Exam2026
In the context of banking, what does 'F' stand for in NEFT?
Q50mediummcqGovernment SchemesStaff Selection Commission2026
What is the prescribed minimum balance amount (in INR) in a PMJDY (Pradhan Mantri Jan-Dhan Yojana) account?
Q51mediummcqCurrent AffairsIndian Competitive Exams2026
Who was appointed as the Chairman of National Bank for Financing Infrastructure and Development (NaBFID) in October 2021?
Q52mediummcqGeneral AwarenessStaff Selection Commission2026
How much collateral-free loan is provided under Pradhan Mantri Mudra Yojana (PMMY)?
Q53mediummcqGeneral KnowledgePrepp2026
Which of the following banks is in charge of India’s banking and monetary system?
Q54mediummcqQuantitative AptitudeCompetitive Exam2026
Which of the following schemes of computing interest yields the maximum interest for a year?
Q55mediummcqEconomicsIndian Competitive Exams2026
Who is the founder of Grameen Bank?
Q56mediummcqEconomicsStaff Selection Commission2026
Banks were nationalized in India through an ordinance passed in the year:
Q57mediummcqGeneral AwarenessPractice Test2026
Which organisation fixes the repo rate in India?
Q58mediummcqCurrent AffairsCompetitive Exam Prep Portal2026
Rakesh Sharma has been appointed as the MD & CEO of which bank?
Q59mediummcqEconomicsCompetitive Exam2026
The full form of MPC is __________.
Q60mediummcqGeneral KnowledgeUP Police Constable2026
In which year was the Reserve Bank of India established?
Q61mediummcqGeneral AwarenessSSC CGL2026
According to guidelines by the RBI (as of January 2022), how many payment banks currently active in India?
Q62mediummcqIndian EconomyPractice Paper2026
What was the last date of tendering old currency in 2016 demonetisation?
Q63mediummcqCurrent AffairsSSC CGL2026
In January 2018, 'Electoral Bonds' Scheme was launched. Under this scheme, the electoral bonds will be valid for how many days?
Q64mediummcqIndian EconomySSC CGL2026
In August 2017, RBI Constituted an Internal Study Group to study the MCLR. This was done to ________.
Q65mediummcqEconomyIndian Competitive Exams2026
In which year, RBI was nationalized?
Q66mediummcqEconomyCompetitive Exam2026
What is the International Bank for Reconstruction and Development (IBRD)?
Q67mediummcqEconomicsGovernment Exams2026
The financial or the banking system will receive an additional boost in terms of __________ Crore of base money each year.
Q68mediummcqQuantitative AptitudeSSC CGL2026
A bank offers compound interest per half year. A customer deposits each on and of a year. At the end of the year, the amount he would have gained by way of interest is:
Q69mediummcqCurrent AffairsCompetitive Exam2026
In September 2017, NABARD sanctioned a loan of about Rs 119 crore for development projects in ____________.
Q70mediummcqIndian EconomyCompetitive Exams2026
Which bank supported the demonetization in India?
Q71mediummcqGeneral KnowledgeCompetitive Exam Previous Year Paper2026
The cash reserve ratio as on November 2018 set by RBI is _________ percent.

Frequently Asked Questions

How many Banking questions are on ExamTest.live?▼
We have 71 Banking questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Banking MCQs free?▼
Yes. All Banking questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Banking questions?▼
Banking questions are commonly asked in Economics, General Awareness, General Knowledge, Indian Economy, Current Affairs. You can filter by exam using the links above.
How do I practice Banking questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.