Online Quiz
← Back
Get daily current affairs & exam alerts – follow us
YouTube
WhatsApp Channel
Telegram Channel
Facebook Page
Instagram
Share with friends & study groups
Link to this page from your website / blog (HTML code)
1.
Which of the following statements about the RBI is/are correct?
I. Its Central Office was first located in Kolkata.
II. Its Central Office moved permanently to Mumbai in 1937.
III. It was set up on the basis of the recommendations of the Hilton Young Commission.
I. Its Central Office was first located in Kolkata.
II. Its Central Office moved permanently to Mumbai in 1937.
III. It was set up on the basis of the recommendations of the Hilton Young Commission.
Correct Answer: B [All of I, II and III]
Explanation:
All three are true (RBI About Us; RBI history).
2.
Which of the following about bank nationalisation is/are correct?
I. The banks nationalised in 1969 had deposits of over ₹ 50 crore each.
II. Six banks were nationalised on 15 April 1980.
III. The Lead Bank Scheme was introduced in 1980.
I. The banks nationalised in 1969 had deposits of over ₹ 50 crore each.
II. Six banks were nationalised on 15 April 1980.
III. The Lead Bank Scheme was introduced in 1980.
Correct Answer: B [Only I and II]
Explanation:
I and II true; III false – Lead Bank Scheme: December 1969.
3.
Consider the amalgamations effective 1 April 2020. Which is/are correctly matched?
I. Allahabad Bank → Indian Bank
II. Andhra Bank → Canara Bank
III. Oriental Bank of Commerce → Punjab National Bank
I. Allahabad Bank → Indian Bank
II. Andhra Bank → Canara Bank
III. Oriental Bank of Commerce → Punjab National Bank
Correct Answer: A [Only I and III]
Explanation:
I and III true; Andhra Bank merged into Union Bank of India.
4.
About small finance banks and payments banks, which is/are correct?
I. Under the 2019 guidelines an SFB gets scheduled bank status immediately on commencing operations.
II. An urban co-operative bank converting into an SFB starts with a net-worth requirement of ₹ 100 crore.
III. A payments bank may keep up to 50% of its deposits with other scheduled commercial banks.
I. Under the 2019 guidelines an SFB gets scheduled bank status immediately on commencing operations.
II. An urban co-operative bank converting into an SFB starts with a net-worth requirement of ₹ 100 crore.
III. A payments bank may keep up to 50% of its deposits with other scheduled commercial banks.
Correct Answer: D [Only I and II]
Explanation:
I and II true; III false – up to 25% (the rest, at least 75%, in SLR securities).
5.
Which of the following about scheduled banks is/are correct?
I. A scheduled bank is one included in the Second Schedule of the RBI Act, 1934.
II. A co-operative bank can never be a scheduled bank.
III. Scheduled banks must maintain the cash reserve ratio with the RBI.
I. A scheduled bank is one included in the Second Schedule of the RBI Act, 1934.
II. A co-operative bank can never be a scheduled bank.
III. Scheduled banks must maintain the cash reserve ratio with the RBI.
Correct Answer: C [Only I and III]
Explanation:
I and III true; II false – co-operative banks (e.g.
6.
Match the merged bank with the bank it was amalgamated into:
(i) Syndicate Bank (ii) Corporation Bank (iii) United Bank of India (iv) Dena Bank
(p) Union Bank of India (q) Punjab National Bank (r) Bank of Baroda (s) Canara Bank
(i) Syndicate Bank (ii) Corporation Bank (iii) United Bank of India (iv) Dena Bank
(p) Union Bank of India (q) Punjab National Bank (r) Bank of Baroda (s) Canara Bank
Correct Answer: E [i-s, ii-p, iii-q, iv-r]
Explanation:
Syndicate – Canara; Corporation – Union; United – PNB; Dena – Bank of Baroda.
7.
How many of the following are correct about RRBs? (a) They were first set up in 1975. (b) They are governed by the RRB Act, 1976. (c) The State Government holds 15% of the capital. (d) Their total priority sector target is 40% of ANBC.
Correct Answer: C [3]
Explanation:
(a), (b), (c) true; (d) false – RRBs: 75%.
8.
Which of the following is/are correct?
I. SBI is governed by the State Bank of India Act, 1955.
II. The Imperial Bank of India was formed by merging the Bank of Bengal, the Bank of Bombay and the Bank of Madras.
III. The Imperial Bank of India was formed in 1935.
I. SBI is governed by the State Bank of India Act, 1955.
II. The Imperial Bank of India was formed by merging the Bank of Bengal, the Bank of Bombay and the Bank of Madras.
III. The Imperial Bank of India was formed in 1935.
Correct Answer: D [Only I and II]
Explanation:
I and II true; III false – 1921.
9.
Reverse question: a bank must have a net worth of ₹ 200 crore, must give at least half its loans in tickets up to ₹ 25 lakh and has a total priority sector target of 60% of ANBC. It is a:
Correct Answer: E [Small finance bank]
Explanation:
These three features belong to small finance banks (2019 guidelines; PSL Directions 2025).
10.
Priority sector targets (% of ANBC, Directions 2025): which pair is INCORRECTLY matched?
Correct Answer: A [Domestic commercial banks (weaker sections) – 15%]
Explanation:
Weaker sections target for domestic commercial banks is 12% (15% applies to RRBs).
📘 IBPS Clerk 2026 – B5 Banking & Financial Awareness + Static GK (PDF book)
Here you get the answer with a one-line explanation. 745 questions, each with a full step-by-step explanation · shortcuts, tables, trap alerts · Prelims + Mains sectional mocks. All 5 books together: ₹599.
Get the book – ₹149 →
More quizzes
› IBPS Clerk Banking – Practice Sets and Mock Tests – Mock Test 2 · General / Financial Awareness
› IBPS Clerk Banking – Practice Sets and Mock Tests – Mock Test 1 · General / Financial Awareness
› IBPS Clerk Banking – Practice Sets and Mock Tests – Practice Set 3 · Markets, economy, world bodies and static GK
› IBPS Clerk Banking – Practice Sets and Mock Tests – Practice Set 2 · Regulators, payments and inclusion
› IBPS Clerk Banking – Practice Sets and Mock Tests – Practice Set 1 · Banking structure, RBI and terminology
› IBPS Clerk Banking – Banking and Financial Abbreviations – Exam-Level Drill · Mains
Score: 0
Answered: 0 / 0
