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Easy Free Competitive Exams Banking

Banking Exam Practice Quiz

Strengthen your banking exam preparation with questions covering banking awareness, finance, economy and common aptitude subjects.

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

Instructions

  • This quiz has 25 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

    RBI is India's:

    • insurance regulator
    • central bank Correct answer
    • stock exchange
    • commercial bank
    Explanation: RBI is India's central bank and monetary authority.
  2. Question 2

    Repo rate is the rate at which RBI generally:

    • sets stock prices
    • lends to companies directly
    • accepts household deposits
    • lends short-term funds to banks against eligible securities Correct answer
    Explanation: Repo operations provide liquidity to banks against eligible collateral.
  3. Question 3

    CRR stands for:

    • Cash Revenue Rate
    • Credit Recovery Rate
    • Cash Reserve Ratio Correct answer
    • Capital Return Ratio
    Explanation: CRR is the reserve requirement maintained by banks with RBI.
  4. Question 4

    Which regulator oversees India's securities market?

    • IRDAI
    • PFRDA
    • SEBI Correct answer
    • NABARD
    Explanation: SEBI regulates the securities market.
  5. Question 5

    NEFT is used for:

    • printing currency
    • electronic transfer of funds between bank accounts Correct answer
    • insuring vehicles
    • issuing passports
    Explanation: NEFT is an electronic funds-transfer system.
  6. Question 6

    Which body regulates insurance in India?

    • SEBI
    • IRDAI Correct answer
    • PFRDA
    • RBI
    Explanation: IRDAI regulates and develops the insurance sector.
  7. Question 7

    An NPA is broadly a loan asset that:

    • meets regulatory criteria for overdue repayment Correct answer
    • has been fully repaid
    • is always unsecured
    • is always a government loan
    Explanation: NPA classification is based on prescribed repayment and income-recognition criteria.
  8. Question 8

    Inflation means:

    • a rise in exports only
    • a rise in unemployment only
    • a fall in all prices
    • a sustained rise in the general price level Correct answer
    Explanation: Inflation is a sustained increase in the general price level.
  9. Question 9

    Which is generally a demand deposit?

    • Savings account Correct answer
    • Government security
    • Fixed deposit
    • Long-term bond
    Explanation: Savings accounts are generally demand deposits subject to account terms.
  10. Question 10

    How many members are on India's Monetary Policy Committee?

    • 5
    • 6 Correct answer
    • 8
    • 4
    Explanation: The MPC has six members.
  11. Question 11

    KYC stands for:

    • Keep Your Cash
    • Know Your Customer Correct answer
    • Know Your Credit
    • Key Yield Certificate
    Explanation: KYC procedures help identify and verify customers.
  12. Question 12

    Which is a negotiable instrument?

    • Purchase order
    • Cheque Correct answer
    • Invoice
    • Salary slip
    Explanation: A cheque is a negotiable instrument under applicable law.

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Explore more: All Competitive Exams quizzes · Banking

Banking Exam Question Practice

Banking examinations require a combination of awareness, numerical ability, reasoning and language skills. This quiz provides a convenient way to revise these areas through questions.

Revise Banking Concepts

Pay attention to questions related to RBI, financial terms, banking services and the Indian economy. Reviewing mistakes after an attempt can help build stronger preparation habits.

Frequently Asked Questions

This quiz has 25 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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