General Awareness

Banking & Financial Awareness — Free Practice Questions

RBI, monetary policy, NPAs, banking terms and current banking affairs.

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Sample questions

Try 5 sample Banking & Financial Awareness questions

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Q1 · easy

Which of the following is the apex monetary authority of India?

  1. ARBI
  2. BSEBI
  3. CIRDAI
  4. DMinistry of Finance
Explanation

The Reserve Bank of India (RBI), established in 1935, is the apex monetary authority.

Q2 · easy

MCLR stands for:

  1. AMarginal Cost of funds based Lending Rate
  2. BMaximum Credit Lending Rate
  3. CMinimum Cost Loan Rate
  4. DMarginal Capital Liquidity Reserve
Explanation

MCLR = Marginal Cost of funds based Lending Rate, introduced by RBI in April 2016.

Q3 · easy

An NPA in Indian banking is a loan where principal or interest is overdue for more than:

  1. A90 days
  2. B60 days
  3. C120 days
  4. D180 days
Explanation

As per RBI norms, a loan becomes a Non-Performing Asset (NPA) when overdue for more than 90 days.

Q4 · medium

PMJDY, the financial inclusion scheme, was launched in which year?

  1. A2014
  2. B2012
  3. C2016
  4. D2018
Explanation

Pradhan Mantri Jan Dhan Yojana was launched on 28 August 2014.

Q5 · medium

The headquarters of the Asian Infrastructure Investment Bank (AIIB) is located in:

  1. ABeijing
  2. BManila
  3. CTokyo
  4. DShanghai
Explanation

AIIB is headquartered in Beijing, China.

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