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Banking Quiz

Practice quiz on Banking (General Knowledge / Current Affairs). 10 exam-style questions with explanations.

10
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10
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About This Quiz

Practice quiz on Banking (General Knowledge / Current Affairs). 10 exam-style questions with explanations. Banking Quiz is a free, 10-minute, 10-mark practice quiz on AajExam rated at mixed difficulty, designed to help candidates preparing for SSC, UPSC, Banking, Railway and State PSC government competitive exams sharpen their command of Banking (Current Affairs). Every question on this quiz ships with a detailed step-by-step solution so you don't just learn the right answer — you learn the reasoning and shortcuts top scorers use to crack similar questions faster on the actual exam day. Why Banking Quiz matters in your preparation: government exam-conducting bodies repeatedly draw questions from the same chapters and the same skill-clusters across recruitment cycles. By attempting focused topic-wise quizzes like this one, you build pattern recognition — the ability to spot which formula, rule or trick applies the moment you see a question. Toppers consistently report that 5-10 quizzes on a single topic delivers more exam-day score gain than 20+ unfocused full-length mocks, because targeted drilling exposes your specific sub-topic weaknesses with surgical precision. How to use this quiz effectively: attempt it in one sitting under the 10-minute timer, without referring to notes or external resources — simulate exam-day conditions exactly. After submission, review the auto-generated analytics to see your accuracy, time per question and section-wise performance. Then go through every wrong and skipped question with the explanation, mentally tagging the underlying concept rather than just memorising the answer. Revisit this quiz after 7-10 days; your second attempt should be 15-20% faster with noticeably better accuracy. After mastering this quiz, explore the 1 related quizzes linked below to broaden your topic coverage. AajExam quiz design principles: every quiz on the platform is curated by subject experts using the actual question formats, difficulty distributions and time pressures of the target government exams. We deliberately avoid generic "textbook" questions in favour of exam-replicating ones. Solutions are written in plain English (and Hindi where source material was bilingual), with step-by-step working for quantitative problems, grammar rules for English questions, and direct reference statements for general awareness items. Performance analytics after each attempt include accuracy, attempt rate, time spent per question, and an estimated all-India percentile so you know exactly where you stand against other candidates. This quiz is completely free to attempt. You only need a free AajExam account to track your performance across attempts, view detailed solutions and unlock the platform-wide analytics dashboard. The platform is mobile-friendly and works seamlessly on smartphones, tablets and desktops — so you can sharpen your Banking (Current Affairs) skills in any spare 15-minute window.
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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.

  1. Q1.The Reserve Bank of India was established in

    • A.1949
    • B.1947
    • C.1935
    • D.1969
    Show answer

    Answer: C. 1935

    RBI began on 1 April 1935.

  2. Q2.The RBI was nationalised in

    • A.1935
    • B.1949
    • C.1991
    • D.1969
    Show answer

    Answer: B. 1949

    Nationalised on 1 January 1949.

  3. Q3.How many major commercial banks were nationalised in 1969?

    • A.14
    • B.6
    • C.10
    • D.20
    Show answer

    Answer: A. 14

    14 banks in 1969; 6 more in 1980.

  4. Q4.What is the full form of NEFT?

    • A.New Electronic Fund Transfer
    • B.National Electronic Funds Transfer
    • C.National Equal Funds Transfer
    • D.National Easy Fund Transfer
    Show answer

    Answer: B. National Electronic Funds Transfer

    NEFT.

  5. Q5.The headquarters of the Reserve Bank of India is in

    • A.Chennai
    • B.New Delhi
    • C.Mumbai
    • D.Kolkata
    Show answer

    Answer: C. Mumbai

    RBI HQ is in Mumbai.

  6. Q6.Which bank is the largest public sector bank in India?

    • A.Punjab National Bank
    • B.State Bank of India
    • C.Canara Bank
    • D.Bank of Baroda
    Show answer

    Answer: B. State Bank of India

    SBI.

  7. Q7.CRR stands for

    • A.Cash Reserve Ratio
    • B.Central Reserve Ratio
    • C.Cash Rate Ratio
    • D.Credit Reserve Rate
    Show answer

    Answer: A. Cash Reserve Ratio

    CRR.

  8. Q8.The rate at which RBI lends money to commercial banks is called

    • A.Bank rate only
    • B.MCLR
    • C.Reverse repo rate
    • D.Repo rate
    Show answer

    Answer: D. Repo rate

    Repo rate.

  9. Q9.The Banking Regulation Act was passed in

    • A.1949
    • B.1935
    • C.1991
    • D.1969
    Show answer

    Answer: A. 1949

    Banking Regulation Act, 1949.

  10. Q10.Which bank is called the 'banker's bank' in India?

    • A.NABARD
    • B.RBI
    • C.SIDBI
    • D.SBI
    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.

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