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1.  
In which year did the Imperial Bank of India come into being by merging the three Presidency Banks?

Correct Answer: C [1921]

Explanation:

1921 – Bank of Bengal, Bank of Bombay and Bank of Madras merged.

2.  
The Union Cabinet (15 September 2021) approved a Government guarantee for the security receipts issued by NARCL of up to:

Correct Answer: E [₹ 30,600 crore]

Explanation:

₹ 30,600 crore; NARCL pays 15% in cash and 85% in security receipts.

3.  
The ordinance under which Regional Rural Banks were set up was promulgated on:

Correct Answer: B [26 September 1975]

Explanation:

26 September 1975 (Regional Rural Banks Ordinance); the first RRBs began on 2 October 1975; the RRB Act followed in 1976.

4.  
The share capital of an RRB is held by the Centre, the sponsor bank and the State in the ratio:

Correct Answer: D [Centre 50%, sponsor bank 35%, State 15%]

Explanation:

50 : 35 : 15.

5.  
The minimum paid-up voting equity capital for a new small finance bank is:

Correct Answer: A [₹ 200 crore]

Explanation:

₹ 200 crore (it was ₹ 100 crore under the 2014 guidelines).

6.  
A payments bank must invest at least what part of its demand deposits in SLR-eligible government securities/T-bills?

Correct Answer: C [at least 75% of demand deposits]

Explanation:

At least 75%; up to 25% can be kept with other banks.

7.  
Which bank was merged into Indian Bank with effect from 1 April 2020?

Correct Answer: B [Allahabad Bank]

Explanation:

Allahabad Bank → Indian Bank; Syndicate → Canara.

8.  
The head office of Bank of Maharashtra is in:

Correct Answer: A [Pune]

Explanation:

Pune.

9.  
RBI was nationalised with effect from:

Correct Answer: D [1 January 1949]

Explanation:

1 January 1949.

10.  
Who was the first Governor of the Reserve Bank of India?

Correct Answer: E [Sir Osborne Smith]

Explanation:

Sir Osborne Smith; C. D. Deshmukh was the first Indian Governor.

11.  
The RBI's power to fix the Bank Rate is in:

Correct Answer: E [Section 49 of the RBI Act]

Explanation:

Section 49; Sec 42 – CRR; Sec 22 – note issue; Sec 24 BR Act – SLR.

12.  
Under the flexible inflation targeting framework notified for 1 April 2026 – 31 March 2031, the inflation target is:

Correct Answer: D [4% CPI inflation]

Explanation:

4% CPI with a band of 2% to 6%.

13.  
The Lead Bank Scheme, which gives each district a lead bank, was introduced in:

Correct Answer: B [December 1969]

Explanation:

December 1969, after the nationalisation of 14 banks in July 1969.

14.  
As on 14 October 2026, the Statutory Liquidity Ratio is:

Correct Answer: A [18.00%]

Explanation:

SLR 18%; CRR 3%; 40% is the SLR ceiling.

15.  
Consider the RBI's corridor (as on 14 Oct 2026). Which is/are correct?
I. The SDF rate is 25 bps below the repo rate.
II. The MSF rate and the Bank Rate are equal.
III. The SDF requires the bank to give collateral.

Correct Answer: C [Only I and II]

Explanation:

I and II true; SDF needs no collateral.

16.  
A loan account is classified as SMA-1 when the principal or interest is overdue for:

Correct Answer: D [31–60 days]

Explanation:

SMA-0: 1–30; SMA-1: 31–60; SMA-2: 61–90 days.

17.  
A substandard asset becomes 'doubtful' after it has remained substandard for:

Correct Answer: E [substandard for 12 months]

Explanation:

12 months.

18.  
Under the Negotiable Instruments Act, 1881, a cheque is defined in:

Correct Answer: A [Section 6]

Explanation:

Section 6; Sec 4 promissory note; Sec 5 bill of exchange; Sec 138 dishonour.

19.  
Account Aggregators are regulated by the RBI as a category of:

Correct Answer: B [NBFCs (NBFC – Account Aggregator)]

Explanation:

NBFC – Account Aggregator; RBI Master Direction of 2016.

20.  
A savings account becomes inoperative when there is:

Correct Answer: C [no customer-induced transaction for over 2 years]

Explanation:

Over 2 years; balances unclaimed for 10 years go to the DEA Fund.

21.  
In a pledge, possession of the goods is with the:

Correct Answer: A [lender]

Explanation:

Lender (pledge); in hypothecation the borrower keeps possession.

22.  
Match the risk category with the minimum KYC updation period:
(i) High risk (ii) Medium risk (iii) Low risk
(p) 8 years (q) 10 years (r) 2 years

Correct Answer: C [i-r, ii-p, iii-q]

Explanation:

High – 2 years; medium – 8 years; low – 10 years.

23.  
Under Basel III norms applied by the RBI, the minimum Common Equity Tier 1 ratio (without buffer) is:

Correct Answer: D [5.5%]

Explanation:

5.5%; with the 2.5% conservation buffer it is 8%.

24.  
The priority sector lending target for agriculture for domestic commercial banks is (as a share of ANBC or CEOBSE, whichever is higher):

Correct Answer: E [18%]

Explanation:

18%; total PSL 40%.

25.  
Odd one out (the others have their head office in Mumbai):

Correct Answer: B [Punjab National Bank]

Explanation:

PNB's head office is in New Delhi; the other four banks are headquartered in Mumbai.

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