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Banking Reforms Quiz

Practice quiz on Banking Reforms (General Awareness). 10 exam-style questions with explanations.

10
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10
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About This Quiz

Practice quiz on Banking Reforms (General Awareness). 10 exam-style questions with explanations. Banking Reforms 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 Reforms (General Awareness). 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 Reforms 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. Bookmark this page and revisit weekly as we add new quizzes on related topics. 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 Reforms (General Awareness) skills in any spare 15-minute window.
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Banking Reforms 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 Narasimham Committee (1991) dealt with

    • A.Education
    • B.Tax reforms
    • C.Banking sector reforms
    • D.Agriculture
    Show answer

    Answer: C. Banking sector reforms

    Financial sector reforms.

  2. Q2.Nationalisation of 14 major banks happened in

    • A.1980
    • B.1969
    • C.1949
    • D.1991
    Show answer

    Answer: B. 1969

    1969.

  3. Q3.In 2019, Vijaya Bank and Dena Bank merged with

    • A.Bank of Baroda
    • B.PNB
    • C.Canara Bank
    • D.SBI
    Show answer

    Answer: A. Bank of Baroda

    Merged into Bank of Baroda.

  4. Q4.Associate banks of SBI were merged with SBI in

    • A.2005
    • B.2020
    • C.2010
    • D.2017
    Show answer

    Answer: D. 2017

    April 2017.

  5. Q5.The Insolvency and Bankruptcy Code was enacted in

    • A.2012
    • B.2008
    • C.2016
    • D.2020
    Show answer

    Answer: C. 2016

    IBC 2016.

  6. Q6.Basel norms are related to

    • A.Trade
    • B.Banking regulation
    • C.Education
    • D.Agriculture
    Show answer

    Answer: B. Banking regulation

    Capital adequacy of banks.

  7. Q7.SARFAESI Act was passed in

    • A.2002
    • B.1949
    • C.2010
    • D.1991
    Show answer

    Answer: A. 2002

    2002.

  8. Q8.The Payment Banks in India were introduced on the recommendation of the

    • A.Rangarajan Committee
    • B.Nachiket Mor Committee
    • C.Kelkar Committee
    • D.Narasimham Committee
    Show answer

    Answer: B. Nachiket Mor Committee

    Nachiket Mor.

  9. Q9.The Bank Nationalisation Act of 1980 nationalised how many more banks?

    • A.4
    • B.6
    • C.10
    • D.14
    Show answer

    Answer: B. 6

    Six banks in 1980.

  10. Q10.Differentiated banks like Small Finance Banks were introduced to promote

    • A.Exports
    • B.Mining
    • C.Imports
    • D.Financial inclusion
    Show answer

    Answer: D. Financial inclusion

    Financial inclusion.

Frequently Asked Questions

Is Banking Reforms Quiz free to attempt on AajExam?

Yes. Banking Reforms 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 Reforms Quiz?

Banking Reforms 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 Reforms 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 Reforms 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 Reforms 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.