Banking Awareness Quiz
Practice quiz on Banking Awareness (General Awareness). 10 exam-style questions with explanations.
About This Quiz
Banking Awareness Quiz — Questions with Solutions
All 10 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.Which is the central bank of India?
- A.State Bank of India
- B.NABARD
- C.Reserve Bank of India
- D.IDBI
Show answer
Answer: C. Reserve Bank of India
RBI.
Q2.An account that earns interest and allows limited withdrawals is a
- A.Demat account
- B.Current account
- C.Loan account
- D.Savings account
Show answer
Answer: D. Savings account
Savings account.
Q3.KYC stands for
- A.Key Your Code
- B.Know Your Customer
- C.Keep Your Cash
- D.Know Your Credit
Show answer
Answer: B. Know Your Customer
KYC.
Q4.A cheque becomes stale after how many months from the date of issue?
- A.3 months
- B.6 months
- C.1 year
- D.1 month
Show answer
Answer: A. 3 months
Valid for 3 months.
Q5.What is the minimum age to open a savings account independently (non-minor) in India?
- A.21 years
- B.18 years
- C.16 years
- D.25 years
Show answer
Answer: B. 18 years
18.
Q6.The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in
- A.2018
- B.2010
- C.2005
- D.2014
Show answer
Answer: D. 2014
August 2014.
Q7.IFSC code has how many characters?
- A.10
- B.11
- C.12
- D.9
Show answer
Answer: B. 11
11 characters.
Q8.An ATM stands for
- A.Automated Teller Machine
- B.Automatic Transfer Machine
- C.Account Teller Method
- D.Auto Tax Machine
Show answer
Answer: A. Automated Teller Machine
ATM.
Q9.Which is the largest private sector bank in India by assets?
- A.Kotak Mahindra Bank
- B.Axis Bank
- C.HDFC Bank
- D.ICICI Bank
Show answer
Answer: C. HDFC Bank
HDFC Bank.
Q10.A Demat account is used to hold
- A.Securities in electronic form
- B.Insurance only
- C.Cash only
- D.Gold only
Show answer
Answer: A. Securities in electronic form
Dematerialised securities.
Frequently Asked Questions
Is Banking Awareness Quiz free to attempt on AajExam?
Yes. Banking Awareness Quiz is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.
How long does it take to complete Banking Awareness Quiz?
Banking Awareness Quiz runs on a 10-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on Banking Awareness Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt Banking Awareness Quiz multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Banking Awareness questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.