Explore topic-wise MCQs in GK.

This section includes 180 Mcqs, each offering curated multiple-choice questions to sharpen your GK knowledge and support exam preparation. Choose a topic below to get started.

1.

Which is the first bank started entirely with Indian capital?
A. Bank of India
B. Punjab National Bank
C. Bank of Baroda
D. Bank of Maharashtra
E. None of these
Answer» C. Bank of Baroda
Discussion
2.

According to the existing norms, the permission of which of the following has to be taken for mergers and acquisitions in the corporate sector apart from the Reserve Bank of India?
A. (a) and (b) only
B. Only (b)
C. (c) only
D. Only (a)
E. None of these
Answer» B. Only (b)
Discussion
3.

Banks need liquidity to meet which of the following objectives of banking?
A. Only (A)
B. Only (B)
C. Only (C)
D. Only (A) and (B)
E. Only (B) and (C)
Answer» D. Only (A) and (B)
Discussion
4.

Which of the following organizations provides credit history of the borrowers?
A. CIBIL
B. ARCIL
C. SEBI
D. RBI
E. CCIL
Answer» B. ARCIL
Discussion
5.

What is the full form of IRR as used in banking/financial sector?
A. Internal Rate of Return
B. Internal Revaluation Reserve
C. Investment Reserve Ratio
D. Internal Risk Return
E. None of the above
Answer» B. Internal Revaluation Reserve
Discussion
6.

Which of the following terms is not used in banking world?
A. Credit
B. Rate
C. Financial status
D. Discount
E. Absolute zero
Answer» F.
Discussion
7.

Which of the following organisations provides guarantee to the exporters?
A. Exim Bank
B. Export Credit Guarantee Corporation
C. Director General Foreign Trade
D. Reserve Bank of India
E. Registrar of companies
Answer» C. Director General Foreign Trade
Discussion
8.

One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts has been passed to prevent this activity?
A. Payment and Settlements Act
B. Banking Regulation Act
C. Negotiable Instruments Act
D. Narcotics and Psychotropic Substance Act
E. Prevention of Money Laundering Act
Answer» F.
Discussion
9.

What does the letter M depict in the term SME as used in the financial world?
A. Maximum
B. Medium
C. Mercantile
D. Mutual
E. Ministry
Answer» C. Mercantile
Discussion
10.

Which one of the following statements is true in contrast to the General Budget?
A. It is first presented in the Upper House.
B. It is first introduced in the Lok Sabha.
C. It can be introduced in either House which is in immediate session.
D. It is presented in a joint session of Parliament.
E. None of these
Answer» C. It can be introduced in either House which is in immediate session.
Discussion
11.

Which of the following is not a function of Reserve Bank of India?
A. Providing credit facilities to the general public
B. Keeping government money in different heads of accounts
C. Keeping the country's foreign exchange reserves in safe custody
D. Formulating monetary and credit policy
E. All functions of Reserve Bank of India
Answer» F.
Discussion
12.

The Reverse Mortgage scheme is launched to give benefit to which of the following groups of the society?
A. Govt employees
B. Senior citizens
C. Unemployed youth
D. War widows
E. None of these
Answer» C. Unemployed youth
Discussion
13.

Banks borrow money from the RBI on which of the following rates?
A. Reverse Repo Rate
B. Repo Rate
C. SLR
D. CRR
E. Savings Rate
Answer» C. SLR
Discussion
14.

One single statement that depicts the financial position of a bank and/or business enterprise at a given point of time is called
A. Statement of product details
B. Reconciliation Statement
C. Balance Sheet
D. Quarterly returns submitted to RBI
E. Trading and manufacturing account
Answer» D. Quarterly returns submitted to RBI
Discussion
15.

Which of the following was the first mutual fund listed on the new mutual fund platform launched on the National Stock Exchange?
A. UTI Mutual Fund
B. SBI Mutual Fund
C. LIC Mutual Fund
D. Bank of Baroda Mutual Fund
E. None of the above
Answer» B. SBI Mutual Fund
Discussion
16.

Which of the following organisations issues the rules of global trade?
A. World Bank
B. World Trade Organisation
C. Foreign Exchange Dealers Association
D. Directorate General of Foreign Trade
E. None of these
Answer» C. Foreign Exchange Dealers Association
Discussion
17.

Which of the following is/are the objectives of Free Trade Agreement that India has done with many countries?
A. To provide support to entrepreneurs for setting up new projects in tiny/SSI sectors
B. For undertaking expansion of business
C. To support technology upgradation
A. Only (A) and (B)
B. Only (B) and (C)
C. All (A), (B) and (C)
D. Only (A) and (C)
E. None of these
Answer» C. All (A), (B) and (C)
Discussion
18.

Which commission in India in 1926 AD. Explaining the need for reforms in the prevailing monetary and credit system, suggested the establishment of a central bank?
A. Butler Commission
B. Simon Commission
C. Hilton Young Commission
D. Jonathan Commission
E. None of these
Answer» D. Jonathan Commission
Discussion
19.

Which of the following services is NOT provided by the post offices in India?
A. Savings Bank Scheme
B. Retailing of Mutual Funds
C. Sale of stamps
D. Issuance of Demand Drafts
E. Life Insurance cover
Answer» E. Life Insurance cover
Discussion
20.

The availability of cash and other marketable instruments like cash, which are useful for purchase and investment, is generally called.
A. Cash Crunch
B. Liquidity
C. Credit
D. Marketability
E. None of these
Answer» D. Marketability
Discussion
21.

Inflation in India is measured on which of the following index?
A. Living Expenditure Index ( COLI )
B. Consumer Price Index ( CPI )
C. Gross Domestic Product
D. Wholesale Price Index ( WPI )
E. None of these
Answer» E. None of these
Discussion
22.

Foreign Exchange Reserves of India are kept in the custody of which of the following?
A. International Bank for Reconstruction and Development
B. International Monetary Fund
C. Government Treasury
D. Reserve Bank of India
E. State Bank of India
Answer» E. State Bank of India
Discussion
23.

Which of the following is the apex institution that handles refinance for agriculture and rural development in India?
A. RBI
B. SIDBI
C. NABARD
D. SEBI
E. None of these
Answer» D. SEBI
Discussion
24.

Which of the following agencies / bodies has asked all foreign funds to register themselves as Foreign Institutional Investors (Flls) before making any investment in India?
A. RBI
B. SEBI
C. IBA
D. Registrar of Companies
E. None of these
Answer» C. IBA
Discussion
25.

The Government of India had started the insurance scheme for the agriculture sector. Which of the following is the name of this scheme?
A. NAIS
B. RIDF
C. AICIL
D. CACP
E. None of these
Answer» B. RIDF
Discussion
26.

Fiscal Policy is concerned with which of the following?
A. Export and Import
B. Public Revenue and Expenditure
C. Issue of Currency
D. Population Control
E. Education for all
Answer» C. Issue of Currency
Discussion
27.

The Financial Sector Appraisal Committee (CFSA) constituted by the Reserve Bank of India has also recommended some reforms in which of the following laws existing in India?
A. Taxation Law
B. Commercial law
C. Banking Regulation Law
D. Property law
E. All of the above
Answer» D. Property law
Discussion
28.

Normally a bank does not have to deal with __________ related issues of the following.
A. Payment and Settlement System
B. Contractual rights of creditors
C. Intellectual Property Rights
D. Bankruptcy cases
E. Coordination among regulators operating in the banking financial sectors
Answer» D. Bankruptcy cases
Discussion
29.

Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?
A. Passport
B. P A N
C. Aadhar number issued by Unique Identification Authority of India
A. Only (A)
B. Only (B)
C. Only (A) and (B)
D. All (A), (B) and (C)
E. Only (B) and (C)
Answer» E. Only (B) and (C)
Discussion
30.

Which of the following is NOT a Govt-sponsored organization?
A. Small Industries Development Bank of India
B. NABARD
C. National Housing Bank
D. ICICI Bank
E. All are Govt-sponsored
Answer» E. All are Govt-sponsored
Discussion
31.

Which of the following terms is used in Banking?
A. Epicentre
B. Pascal s Law
C. Currency
D. Centre of Gravity
E. Latitude
Answer» D. Centre of Gravity
Discussion
32.

Teaser Rates are related to which of the following types of loans?
A. Home Loans
B. Personal Loans
C. Auto Loans
D. Reverse Mortgage Loans
E. Crop Loans
Answer» B. Personal Loans
Discussion
33.

In the banking world, when the loan given by the bank to any person or organization is not returned by the borrower, knowingly or for any other reason, then it is called.
A. only ( A )
B. only ( B )
C. only ( C )
D. Only (A) and (B) both
E. none of these
Answer» C. only ( C )
Discussion
34.

Where is the headquarter of Karur Vysya Bank located?
A. New Delhi
B. Maharashtra
C. West Bengal
D. Andhra Pradesh
E. Tamil Nadu
Answer» F.
Discussion
35.

In which year were the Subsidiaries of SBI nationalized?

A. 1935
B. 1949
C. 1955
D. 1959
E. 1969
Answer» E. 1969
Discussion
36.

Imperial Bank of India was nationalized in which year?

A. 1944
B. 1955
C. 1921
D. 1949
E. 1935
Answer» C. 1921
Discussion
37.

Oudh Commercial Bank was founded in the year

A. 1881
B. 1865
C. 1894
D. 1806
E. 1895
Answer» B. 1865
Discussion
38.

In which year Hilton Young Commission recommends the establishment of a central bank?

A. 1921
B. 1926
C. 1931
D. 1934
E. 1935
Answer» C. 1931
Discussion
39.

GST stands for_____
A. Goods and Services Tax
B. Growth and Service Tax
C. Growth and Sale Tax
D. Goods and Sales Tax
Answer» B. Growth and Service Tax
Discussion
40.

Functional Finance is accociated with:

A. Adams
B. Abba P Lerner
C. Adolph Wogner
D. Adam Smith
Answer» C. Adolph Wogner
Discussion
41.

When was the first Savings Bank established in Hamburg?
A. 1760
B. 1765
C. 1770
D. 1775
E. None of these
Answer» C. 1770
Discussion
42.

Credit Foncier was first established in France in the year 1952. He is called the father of land mortgage banks. When was the first co-operative land-mortgage bank established in our country in Punjab?
A. 1920
B. 1925
C. 1935
D. 1940
E. None of these
Answer» B. 1925
Discussion
43.

Which method comes under qualitative control?
A. Open Market Activities
B. Direct action
C. Publicity
D. Moral persuasion
E. 2,3 and 4
Answer» B. Direct action
Discussion
44.

An effective way to control inflationary pressures is
A. increase in taxation
B. reduction in government expenditure
C. Increase in public life
D. Increase in Repo Rate
E. All these
Answer» F.
Discussion
45.

Fiscal policy is not a tool
A. public expenditure
B. bank rate
C. SLR
D. public debt
E. 2 and 3
Answer» F.
Discussion
46.

The tools of fiscal policy are
A. bank rate
B. repo rate
C. Reverse Repo Rate
D. Public debt
E. CRR rate
Answer» E. CRR rate
Discussion
47.

Practiced in times of inflation
A. Pump Priming Policy
B. Positive Compensatory Expenditure Policy
C. Negative Compensatory Expenditure Policy
D. Both 2 and 3
E. Both 1 and 3
Answer» D. Both 2 and 3
Discussion
48.

Form of public expenditure
A. Reconnaissance Expenses
B. Compensatory expenditure
C. Personal expenditure
D. Both 1 and 2
E. All these
Answer» E. All these
Discussion
49.

Functional finance is related to
A. Monetary policy
B. Fiscal policy
C. Five year plan
D. Both
E. None of these
Answer» C. Five year plan
Discussion
50.

Which among the following is recently declared as first economic fugitive of India?
A. Lalit Modi
B. Nirav Modi
C. Vijay Mallya
D. Mehul choksi
Answer» D. Mehul choksi
Discussion