Banking Awareness Mock Test

Which is the central bank of India? ||| State Bank of India ||| Reserve Bank of India ||| NABARD ||| ICICI Bank ||| 2 Who is responsible for printing currency notes in India? ||| Ministry of Finance ||| RBI ||| SBI ||| SEBI ||| 2 What does CRR stand for in banking? ||| Cash Reserve Ratio ||| Credit Risk Rating ||| Capital Reserve Ratio ||| Cash Recovery Report ||| 1 Which of the following is a type of account suitable for daily transactions? ||| Recurring Deposit ||| Fixed Deposit ||| Savings Account ||| Current Account ||| 4 What is the full form of UPI? ||| Unified Payment Interface ||| Unique Payment Index ||| Universal Payment Instrument ||| United Payment Interface ||| 1 RBI was established in the year ||| 1935 ||| 1947 ||| 1950 ||| 1965 ||| 1 The term NPA stands for ||| Net Profit Account ||| Non-Performing Asset ||| National Payment Agreement ||| No-Principal Account ||| 2 Which committee recommended the introduction of GST in India? ||| Rangarajan Committee ||| Kelkar Committee ||| Chelliah Committee ||| Vijay Kelkar Committee ||| 4 What is the minimum age to open a savings bank account in India (with guardian)? ||| 5 years ||| 10 years ||| 18 years ||| 21 years ||| 2 Which rate is decided by the RBI to control inflation? ||| Repo Rate ||| Base Rate ||| Bank Rate ||| Reverse Repo Rate ||| 1 What does RTGS stand for? ||| Real Time Gross Settlement ||| Rapid Transfer Global Service ||| Ready Transaction Gateway System ||| Real Time Government Settlement ||| 1 What does IFSC code identify? ||| ATM Location ||| Bank Branch ||| Bank Account ||| Loan Type ||| 2 In banking, KYC refers to ||| Know Your Credit ||| Know Your Customer ||| Keep Your Card ||| Know Your Capital ||| 2 Which is India’s largest public sector bank? ||| ICICI Bank ||| HDFC Bank ||| SBI ||| Axis Bank ||| 3 Who regulates the stock market in India? ||| RBI ||| NABARD ||| SEBI ||| Ministry of Finance ||| 3 Basel norms are related to ||| Agriculture ||| Capital Adequacy ||| Taxation ||| Trade Policies ||| 2 Which bank was the first to introduce ATM in India? ||| ICICI Bank ||| HSBC ||| SBI ||| HDFC ||| 2 Which organization manages the Bharat Bill Payment System (BBPS)? ||| NPCI ||| RBI ||| SEBI ||| SBI ||| 1 Digital payment platform BHIM is based on ||| NEFT ||| IMPS ||| UPI ||| RTGS ||| 3 Which body issues the Monetary Policy in India? ||| Ministry of Finance ||| SEBI ||| RBI ||| NITI Aayog ||| 3