SECTION C – FINANCIAL AWARENESS (Q101–Q150)
Q101.
Reserve Bank of India (RBI) was established in the year:
A) 1930
B) 1935
C) 1947
D) 1950
✅ Answer: B
Q102.
The headquarters of RBI is located at:
A) New Delhi
B) Kolkata
C) Mumbai
D) Chennai
✅ Answer: C
Q103.
CRR (Cash Reserve Ratio) is maintained by banks with:
A) Government of India
B) RBI
C) SEBI
D) NABARD
✅ Answer: B
Q104.
SLR stands for:
A) Statutory Liquidity Ratio
B) Special Lending Rate
C) Scheduled Loan Ratio
D) Systematic Liquidity Reserve
✅ Answer: A
Q105.
Which institution supervises Regional Rural Banks (RRBs)?
A) RBI
B) NABARD
C) SEBI
D) SIDBI
✅ Answer: B
Q106.
NPA stands for:
A) Net Profit Account
B) Non-Performing Asset
C) New Payment Account
D) National Pension Authority
✅ Answer: B
Q107.
Repo rate is the rate at which RBI:
A) Borrows from banks
B) Lends to banks
C) Lends to government
D) Borrows from public
✅ Answer: B
Q108.
Reverse Repo rate is the rate at which RBI:
A) Lends to banks
B) Borrows from banks
C) Lends to government
D) Borrows from public
✅ Answer: B
Q109.
Which bank is known as “Banker’s Bank”?
A) SBI
B) RBI
C) NABARD
D) PNB
✅ Answer: B
Q110.
Basel III norms are related to:
A) Customer service
B) Capital adequacy
C) HR policy
D) Cyber security
✅ Answer: B
Q111.
Which committee recommended banking sector reforms in India?
A) Rangarajan Committee
B) Narasimham Committee
C) Patel Committee
D) Urjit Patel Committee
✅ Answer: B
Q112.
Priority Sector Lending (PSL) targets are fixed by:
A) SEBI
B) RBI
C) NABARD
D) Ministry of Finance
✅ Answer: B
Q113.
Which scheme aims at financial inclusion?
A) PMFBY
B) PMJDY
C) PMAY
D) MGNREGA
✅ Answer: B
Q114.
PMFBY is related to:
A) Health insurance
B) Crop insurance
C) Life insurance
D) Pension
✅ Answer: B
Q115.
Which organization regulates capital markets in India?
A) RBI
B) NABARD
C) SEBI
D) IRDAI
✅ Answer: C
Q116.
IMPS stands for:
A) Immediate Mobile Payment Service
B) Instant Money Payment System
C) Interbank Mobile Payment Service
D) Immediate Payment Service
✅ Answer: D
Q117.
UPI is operated by:
A) RBI
B) SEBI
C) NPCI
D) IRDAI
✅ Answer: C
Q118.
RTGS transactions are settled on:
A) Weekly basis
B) Batch mode
C) Real-time basis
D) Monthly basis
✅ Answer: C
Q119.
Which payment system works 24×7 including holidays?
A) NEFT
B) RTGS
C) UPI
D) Cheque clearing
✅ Answer: C
Q120.
Which of the following is a small finance bank?
A) SBI
B) HDFC Bank
C) AU Small Finance Bank
D) PNB
✅ Answer: C
Q121.
SIDBI stands for:
A) Small Industries Development Bank of India
B) State Industrial Development Bank of India
C) Small Investment Development Bank of India
D) State Infrastructure Development Bank of India
✅ Answer: A
Q122.
Which insurance regulator operates in India?
A) SEBI
B) RBI
C) IRDAI
D) NABARD
✅ Answer: C
Q123.
KYC stands for:
A) Know Your Customer
B) Know Your Credit
C) Keep Your Cash
D) Know Your Currency
✅ Answer: A
Q124.
Which of the following is NOT a negotiable instrument?
A) Cheque
B) Promissory Note
C) Bill of Exchange
D) Fixed Deposit Receipt
✅ Answer: D
Q125.
Lead Bank Scheme was introduced on the recommendation of:
A) Narasimham Committee
B) Gadgil Committee
C) Rangarajan Committee
D) Patel Committee
✅ Answer: B
Q126.
Which bank merged with Vijaya Bank and Dena Bank?
A) SBI
B) Bank of Baroda
C) Canara Bank
D) PNB
✅ Answer: B
Q127.
Digital Rupee is issued by:
A) Government of India
B) RBI
C) NPCI
D) SEBI
✅ Answer: B
Q128.
Which scheme provides pension to unorganized sector workers?
A) PMJDY
B) APY
C) PMFBY
D) PMAY
✅ Answer: B
Q129.
MSME stands for:
A) Medium Small Manufacturing Enterprise
B) Micro, Small and Medium Enterprises
C) Multi State Medium Enterprise
D) Micro Service Management Enterprise
✅ Answer: B
Q130.
Which is the apex refinancing institution for agriculture?
A) RBI
B) NABARD
C) SIDBI
D) SEBI
✅ Answer: B
Q131.
Which banking term refers to “bad loans”?
A) SLR
B) CRR
C) NPA
D) Repo
✅ Answer: C
Q132.
Which fund is created from bank profits to meet future risks?
A) Capital Reserve
B) Contingency Fund
C) Risk Fund
D) Insurance Fund
✅ Answer: B
Q133.
Which account earns no interest generally?
A) Savings Account
B) Current Account
C) Fixed Deposit
D) Recurring Deposit
✅ Answer: B
Q134.
Cheque validity period is:
A) 3 months
B) 6 months
C) 1 year
D) 2 months
✅ Answer: A
Q135.
Which organization manages monetary policy in India?
A) Ministry of Finance
B) RBI
C) SEBI
D) NABARD
✅ Answer: B
Q136.
Which is a direct tax?
A) GST
B) Income Tax
C) Customs Duty
D) Excise Duty
✅ Answer: B
Q137.
Which bank account is mainly for businesses?
A) Savings
B) Salary
C) Current
D) RD
✅ Answer: C
Q138.
What is the full form of IFSC?
A) Indian Financial System Code
B) Indian Fund System Code
C) International Financial Service Code
D) Indian Fiscal System Code
✅ Answer: A
Q139.
Which financial inclusion scheme offers overdraft facility?
A) PMFBY
B) PMJDY
C) APY
D) PMAY
✅ Answer: B
Q140.
Which organization insures bank deposits in India?
A) RBI
B) SEBI
C) DICGC
D) IRDAI
✅ Answer: C
Q141.
Which bank introduced Kisan Credit Card (KCC)?
A) RBI
B) NABARD
C) SBI
D) PNB
✅ Answer: B
Q142.
Which instrument is used for long-term borrowing by government?
A) Treasury Bill
B) Commercial Paper
C) Government Bond
D) Certificate of Deposit
✅ Answer: C
Q143.
What is the minimum age to open a savings account (with guardian)?
A) 5 years
B) 10 years
C) 12 years
D) No minimum age
✅ Answer: D
Q144.
Which payment system uses QR code?
A) NEFT
B) RTGS
C) UPI
D) ECS
✅ Answer: C
Q145.
Which scheme ensures ₹2 lakh accident insurance?
A) PMJJBY
B) PMSBY
C) PMFBY
D) APY
✅ Answer: B
Q146.
Which scheme provides life insurance of ₹2 lakh?
A) PMSBY
B) PMFBY
C) PMJJBY
D) APY
✅ Answer: C
Q147.
Which account is best for daily transactions?
A) Fixed Deposit
B) Savings Account
C) Current Account
D) RD
✅ Answer: C
Q148.
What is the tenure of RBI Governor?
A) 3 years
B) 4 years
C) 5 years
D) 6 years
✅ Answer: B
Q149.
Which is NOT a function of RBI?
A) Issue of currency
B) Custodian of foreign exchange
C) Regulation of stock market
D) Banker to government
✅ Answer: C
Q150.
Which term refers to customers using multiple banking channels?
A) Core banking
B) Omni-channel banking
C) Mobile banking
D) Digital wallet
✅ Answer: B