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Banking Quiz - 5 Aug 2026

40 MCQs on Banking for government exam practice.

40Questions

MediumLevel

40%Pass mark

30mTime limit

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Question 1 RTGS is used for:

A Small cash only
B Insurance claims
C Share trading
D High-value real-time transfers

Question 2 Which is not a negotiable instrument?

A Cheque
B Promissory note
C Bill of exchange
D Fixed deposit receipt (generally)

Question 3 Which of the following is correct? (Financial Inclusion Index is published by:)

A SEBI
B NITI
C RBI
D MoF

Question 4 Who is the banker's bank in India?

A SIDBI
B NABARD
C SBI
D RBI

Question 5 Choose the correct option — Full form of NEFT:

A National Easy Fund Transfer
B National Electronic Funds Transfer
C National Exchange Fund Transfer
D New Electronic Financial Transfer

Question 6 IRDAI regulates:

A Mutual funds only
B Cooperatives only
C Banks
D Insurance

Question 7 PFRDA regulates:

A Insurance only
B Stock brokers
C Banks
D Pension funds

Question 8 ₹1 currency note is issued by:

A Government of India
B RBI
C SBI
D NABARD

Question 9 Choose the correct option — RuPay is an Indian:

A Mutual fund
B Insurance plan
C Stock index
D Card payment network

Question 10 Choose the correct option — IFSC code identifies:

A Bank branch for transfers
B Aadhaar
C PAN card
D Voter ID

Question 11 Priority sector lending is guided by:

A RBI
B ISRO
C FIFA
D ICC

Question 12 Which of the following is correct? (Basel norms are related to:)

A Insurance premiums
B Banking capital adequacy
C Agriculture
D Mutual funds

Question 13 NEFT is a system for:

A Passport
B Insurance claim only
C Stock trading only
D Electronic fund transfer

Question 14 IRDAI regulates the:

A Stock brokers only
B Banking sector
C Insurance sector
D Railways

Question 15 Which of the following is correct? (KYC norms help banks to:)

A Know customer identity
B Increase CPU speed
C Set repo alone
D Print currency

Question 16 NPA in banking means:

A Net Profit Allocation
B Non-Performing Asset
C National Payment Act
D New Product Account

Question 17 KYC stands for:

A Know Your Customer
B Key Year Credit
C Keep Your Cash
D Know Your Credit

Question 18 Which of the following is correct? (DICGC insures bank deposits up to:)

A Unlimited
B ₹5 lakh
C ₹10 lakh
D ₹1 lakh

Question 19 Basel norms relate to:

A Highway tolls
B Bank capital adequacy
C Crop insurance only
D Olympics

Question 20 Which institution issues currency notes in India (except ₹1)?

A NITI
B Ministry of Finance only
C RBI
D SBI

Question 21 Choose the correct option — Largest public sector bank by business:

A BoB
B Canara
C PNB
D SBI

Question 22 Which of the following is correct? (Largest public sector bank is generally:)

A BoB
B PNB
C SBI
D UCO

Question 23 UPI is operated by:

A NABARD
B NPCI
C SEBI
D RBI directly only

Question 24 Which card network is Indian?

A Amex
B Visa
C Mastercard
D RuPay

Question 25 Which of the following is correct? (IFSC code is used for:)

A PAN verification
B Electronic fund transfer identity of bank branch
C Aadhaar
D GST filing

Question 26 Priority sector lending is mandated by:

A IRDAI
B SEBI
C RBI
D Ministry of Defence

Question 27 Choose the correct option — NABARD focuses on:

A Agriculture and rural development
B Urban metro only
C Defence imports
D Space research

Question 28 SLR is related to:

A Sports ranking
B Forest cover
C Banks' liquid assets requirement
D Salary of MPs

Question 29 Which of the following is correct? (Who prints ₹1 currency notes)

A RBI
B Government of India
C Security Press only privately
D SBI

Question 30 Headquarters of RBI is in:

A Kolkata
B Chennai
C Mumbai
D New Delhi

Question 31 DICGC deposit insurance cover (current common GK) is:

A ₹10 lakh
B ₹1 lakh
C Unlimited
D ₹5 lakh

Question 32 Choose the correct option — SLR stands for:

A State Liquidity Reserve
B System Loan Rate
C Statutory Liquidity Ratio
D Secure Lending Ratio

Question 33 MCLR is related to:

A Insurance
B Bank lending rates
C Stock indices
D Mutual funds

Question 34 NPCI is related to:

A Stock exchanges
B Trade
C Insurance
D Retail payments

Question 35 RTGS is suitable for:

A High-value real-time transfers
B Only cheque return
C Very small micro payments only
D Only ATM cash

Question 36 Choose the correct option — Repo rate is decided mainly by:

A IRDAI
B NITI only
C SEBI
D RBI

Question 37 CRR is maintained with:

A NABARD
B SIDBI
C SEBI
D RBI

Question 38 Choose the correct option — IMPS works:

A 24×7
B Only via cheque
C Only on working days
D Only nights

Question 39 Which of the following is correct? (CRR stands for:)

A Current Reserve Requirement
B Credit Risk Ratio
C Cash Reserve Ratio
D Central Rate Regulation

Question 40 NPA refers to:

A New Payment App
B Net Profit Award
C Non-Performing Asset
D National Postal Act

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About this quiz

Banking practice set for UPSC, SSC, Bank, Railway and State exams — 5 Aug 2026.

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This set has 40 questions.

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