Banking Quiz
Practice quiz on Banking (Current Affairs). 10 exam-style questions with explanations.
About This Quiz
Banking 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.The Reserve Bank of India was established in
- A.1969
- B.1947
- C.1949
- D.1935
Show answer
Answer: D. 1935
RBI began on 1 April 1935.
Q2.The RBI was nationalised in
- A.1935
- B.1949
- C.1969
- D.1991
Show answer
Answer: B. 1949
Nationalised on 1 January 1949.
Q3.How many major commercial banks were nationalised in 1969?
- A.14
- B.10
- C.6
- D.20
Show answer
Answer: A. 14
14 banks in 1969; 6 more in 1980.
Q4.What is the full form of NEFT?
- A.National Equal Funds Transfer
- B.New Electronic Fund Transfer
- C.National Electronic Funds Transfer
- D.National Easy Fund Transfer
Show answer
Answer: C. National Electronic Funds Transfer
NEFT.
Q5.The headquarters of the Reserve Bank of India is in
- A.Chennai
- B.Kolkata
- C.Mumbai
- D.New Delhi
Show answer
Answer: C. Mumbai
RBI HQ is in Mumbai.
Q6.Which bank is the largest public sector bank in India?
- A.Punjab National Bank
- B.Canara Bank
- C.Bank of Baroda
- D.State Bank of India
Show answer
Answer: D. State Bank of India
SBI.
Q7.CRR stands for
- A.Cash Reserve Ratio
- B.Cash Rate Ratio
- C.Credit Reserve Rate
- D.Central Reserve Ratio
Show answer
Answer: A. Cash Reserve Ratio
CRR.
Q8.The rate at which RBI lends money to commercial banks is called
- A.MCLR
- B.Bank rate only
- C.Repo rate
- D.Reverse repo rate
Show answer
Answer: C. Repo rate
Repo rate.
Q9.The Banking Regulation Act was passed in
- A.1949
- B.1969
- C.1935
- D.1991
Show answer
Answer: A. 1949
Banking Regulation Act, 1949.
Q10.Which bank is called the 'banker's bank' in India?
- A.SIDBI
- B.RBI
- C.SBI
- D.NABARD
Show answer
Answer: B. RBI
RBI.
Frequently Asked Questions
Is Banking Quiz free to attempt on AajExam?
Yes. Banking 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 Quiz?
Banking 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 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 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 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.