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Medium Free Mock Tests Banking Mock Test

Banking Mock Test

Use this banking practice test to identify gaps before spending more time on full-length exam preparation.

100 Questions
30 min Duration
40% To pass
1.00 Marks / correct

Instructions

  • This quiz has 100 questions.
  • You have 30 minutes. The quiz submits automatically when time runs out.
  • You need 40% to pass.
  • There is no negative marking.
  • You can mark questions for review and return to them before submitting.
  • Correct answers and explanations are shown after you submit.

Sample Questions & Answers

A preview of 12 questions from this quiz, each with the correct answer and a written explanation. Attempt the full, timed quiz to be scored and earn XP.

  1. Question 1

    Which institution is the central bank of India?

    • Reserve Bank of India Correct answer
    • State Bank of India
    • SEBI
    • NABARD
    Explanation: The Reserve Bank of India is India's central bank and is responsible for monetary policy and major banking functions.
  2. Question 2

    In which year was the Reserve Bank of India established?

    • 1935 Correct answer
    • 1947
    • 1949
    • 1956
    Explanation: The Reserve Bank of India commenced operations on April 1, 1935.
  3. Question 3

    The Reserve Bank of India was nationalised in which year?

    • 1948
    • 1949 Correct answer
    • 1950
    • 1951
    Explanation: The RBI was nationalised on January 1, 1949.
  4. Question 4

    The headquarters of the Reserve Bank of India is located in which city?

    • New Delhi
    • Kolkata
    • Mumbai Correct answer
    • Chennai
    Explanation: The central office and headquarters of the RBI are in Mumbai, Maharashtra.
  5. Question 5

    Which body is primarily responsible for regulating the securities market in India?

    • RBI
    • SEBI Correct answer
    • IRDAI
    • PFRDA
    Explanation: SEBI, the Securities and Exchange Board of India, regulates India's securities market.
  6. Question 6

    Which institution regulates the insurance sector in India?

    • SEBI
    • RBI
    • IRDAI Correct answer
    • NABARD
    Explanation: IRDAI is the Insurance Regulatory and Development Authority of India.
  7. Question 7

    Which institution regulates the pension sector in India?

    • PFRDA Correct answer
    • SEBI
    • NABARD
    • SIDBI
    Explanation: PFRDA, the Pension Fund Regulatory and Development Authority, regulates India's pension sector.
  8. Question 8

    What does KYC stand for in banking?

    • Keep Your Cash
    • Know Your Customer Correct answer
    • Know Your Credit
    • Keep Your Customer
    Explanation: KYC stands for Know Your Customer and is used for customer identification and verification.
  9. Question 9

    Which document is commonly accepted as an officially valid document for KYC identification?

    • PAN card Correct answer
    • Library card
    • School timetable
    • Business brochure
    Explanation: A PAN card is a commonly accepted identity document, subject to applicable KYC requirements.
  10. Question 10

    What is the primary purpose of a savings bank account?

    • Long-term corporate borrowing
    • Accepting deposits and enabling personal transactions Correct answer
    • Issuing government currency
    • Settling stock exchanges
    Explanation: Savings accounts are designed mainly for deposits, withdrawals, and routine personal banking transactions.
  11. Question 11

    Which account is generally designed for frequent business transactions?

    • Savings account
    • Current account Correct answer
    • Recurring deposit account
    • Fixed deposit account
    Explanation: Current accounts are primarily intended for frequent business transactions and generally have high transaction flexibility.
  12. Question 12

    What is a fixed deposit?

    • A deposit with a specified tenure and interest arrangement Correct answer
    • A daily cash withdrawal facility
    • A type of debit card
    • A government tax account
    Explanation: A fixed deposit is placed for a specified period under agreed terms, generally earning interest.

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Banking Exam Practice

Banking examinations require a combination of awareness, reasoning and quantitative skills. A mock test is useful when you want to practise under exam-like conditions and identify topics that need further revision.

Frequently Asked Questions

This quiz has 100 questions and 30 minutes.

You need at least 40% to pass this quiz.

No, there is no negative marking on this quiz.

Yes. You can attempt this quiz again at any time, though first-attempt XP bonuses apply only once.

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