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.

51.

16 Which of these banks was nationalized in 1969?

A. Andhra Bank
B. Vijaya Bank
C. Punjab and Sind Bank
D. Oriental Bank of Commerce.
E. None of these
Answer» F.
Discussion
52.

17 Which of these banks was not associated with the State Bank of India in 1959?

A. State Bank of Patna
B. State Bank of Indore
C. State Bank of Bikaner
D. State Bank of Hyderabad
E. State Bank of Jaipur
Answer» B. State Bank of Indore
Discussion
53.

For using safe deposit locker facility, bank customer's pay______ .

A. Interest on locker
B. Rent on locker
C. Commission on locker
D. Safe custody charges
E. None of these
Answer» C. Commission on locker
Discussion
54.

Which among the following statements is not true about the Banking Ombudsman (BO)?
A. BO was first setup in UK.
B. He hears customers ' complaints against banks
C. Tenure of BO is 3 years at a time.
D. RBI started this scheme in 1995.
E. None of these
Answer» E. None of these
Discussion
55.

The situation with increasing unemployment and inflation is termed as:

A. Deflation
B. Galloping inflation
C. Hyper inflation
D. Stagflation
E. None of these
Answer» E. None of these
Discussion
56.

What will happen if a bank fails to honour a bank draft?
A. The amount of the draft will be forfeited
B. The beneficiary of the draft will have to pay
C. The drawer of the draft will have to pay
D. The drawer of the draft will have to pay
E. None of the above
Answer» E. None of the above
Discussion
57.

The percentage of the Adjusted Net Bank Credit (ANBC) that has to be extended to the Micro Enterprises under the Priority Sector Lending is

A. 7%
B. 8%
C. 10.5%
D. 7.5%
E. None of the above
Answer» E. None of the above
Discussion
58.

What is the maximum loan amount that can be extended to an individual under the priority sector for solar power operations?
A. Rs 10 lakhs
B. Rs 20 lakhs
C. Rs 25 lakhs
D. Rs 30 lakhs
E. None of the above
Answer» B. Rs 20 lakhs
Discussion
59.

If money is lent or borrowed for only one day the same is known as

A. Call money
B. Notice money
C. Term money
D. Coupon money
E. None of the above
Answer» B. Notice money
Discussion
60.

The Lead Bank Scheme was introduced in the year

A. 1969
B. 1970
C. 1972
D. 1975
E. 1965
Answer» B. 1970
Discussion
61.

Banks have to compensate the customers within _______________ of a failed transaction at an ATM.
A. 7 days
B. 15 days
C. 21 days
D. 14 days
E. None of the above
Answer» B. 15 days
Discussion
62.

The BHIM Application is available in _______________ languages at present.
A. 20
B. 14
C. 15
D. 19
E. 21
Answer» B. 14
Discussion
63.

Which among the following is used in order to check the Aadhaar Card seeding details in an account?
A. MMID
B. QSAM
C. NACH
D. IMPS
E. None of the above
Answer» C. NACH
Discussion
64.

If money is lent or borrowed for a period of more than 14 days, it is known as

A. Term money
B. Term money
C. Call money
D. Fixed Money
E. None of the above
Answer» B. Term money
Discussion
65.

Which among the following cannot take part in raising funds from the money market in India?
A. Scheduled Commercial Banks
B. Regional Rural Banks
C. Cooperative Banks
D. Both B and C
E. All are eligible
Answer» E. All are eligible
Discussion
66.

What is the minimum denomination of the treasury bills issued by the government?
A. Rs 50000
B. Rs 1 lakh
C. Rs 2 lakhs
D. Rs 25000
E. None of the above
Answer» E. None of the above
Discussion
67.

The additional fee that is levied on the RTGS transactions conducted in the third window of 1 pm 6 pm above the processing charge is

A. Rs 4
B. Rs 5
C. Rs 10
D. Rs 25
E. There is no such additional fee
Answer» C. Rs 10
Discussion
68.

In the IFSC Code, which among the following denotes name of the bank concerned?
A. First five characters
B. First four characters
C. First three characters
D. First six characters
E. Last seven characters
Answer» C. First three characters
Discussion
69.

Which of the following will set up core banking infrastructure for rural banks?
A. SIDBI
B. IBA
C. RBI
D. SBI
E. NABARD
Answer» F.
Discussion
70.

Which of the following is/are the objective(s) of our monetary policy?
A. Only (A)
B. All (A), (B) and (C)
C. Both (A) and (C)
D. Only (B)
E. None of these
Answer» C. Both (A) and (C)
Discussion
71.

Which of the following is the reason owing to which Government charges export duty on some export items?
A. To get benefit from high international prices
B. To improve the tax collection targets
C. It is as per the international practices.
D. To ensure the smooth availability of the items in India
E. None of these
Answer» E. None of these
Discussion
72.

Which of the following terms is NOT used in banking?
A. Debit Card
B. Credit Card
C. Kisan Card
D. ELISA Test
E. None of these
Answer» E. None of these
Discussion
73.

FIMMDA stands for
A. Foreign Investment Markets and Derivatives Market Association
B. Fixed Income Money Markets and Derivatives Association
C. Fixed Income and Money Market Development Association
D. Floating Income and Money Markets Derivative Assets
E. None of these
Answer» C. Fixed Income and Money Market Development Association
Discussion
74.

Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?
A. Ministry of Finance
B. SEBI
C. RBI
D. IRDA
E. FEDAI
Answer» D. IRDA
Discussion
75.

Banks make frequent changes in their product profile including introduction of new products etc. This is called
A. Product Control
B. Product enhancement
C. Product marketing
D. Product enrichment
E. None of these
Answer» C. Product marketing
Discussion
76.

Which of the following agencies is providing Unique Identity Cards to all Indian Residents?
A. Election Commission of India
B. Ministry of Foreign Affairs
C. Govt of Maharashtra
D. Border Security Force
E. None of these
Answer» C. Govt of Maharashtra
Discussion
77.

Which of the following is covered in the list of services for service tax purposes?
A. Only (A)
B. Only (B)
C. Only (C)
D. Both (A) and (C)
E. All (A), (B) and (C)
Answer» F.
Discussion
78.

Which of the following groups represent key industries?
A. Only (A)
B. Only (B)
C. Only (A) and (B)
D. Only (C)
E. All (A), (B) and (C)
Answer» E. All (A), (B) and (C)
Discussion
79.

Medium-term loans are provided for a period of _____.
A. 15 months to 4 years
B. 1 year to 3 years
C. 1 year to 2 years
D. 15 months to 3 years
Answer» C. 1 year to 2 years
Discussion
80.

Which of the following rate is charged by banks to their most credit-worthy customers?
A. Bank Rate
B. Repo Rate
C. Prime Lending Rate
D. Statutory Liquidity Rate
Answer» D. Statutory Liquidity Rate
Discussion
81.

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as:
A. Discount field
B. Deflation
C. Negative growth
D. Market capitalism
Answer» C. Negative growth
Discussion
82.

Which bank has tied up with Mumbai Metro to launch One Mumbai Metro Card powered by Mastercard, to ensure contactless and cashless travel for Mumbaikars?
A. HDFC Bank
B. IndusInd Bank
C. Axis Bank
D. Yes Bank
E. ICICI Bank
Answer» D. Yes Bank
Discussion
83.

Which digital payment digital payment platform has tied up with a clutch of leading Indian banks to offer tokenized card services to customers on its UPI app?
A. Mobikwik
B. PhonePe
C. Google Pay
D. Amazon Pay
E. Paytm
Answer» D. Amazon Pay
Discussion
84.

Which of the following is /are benefits of insurance?
A. It protects the capital in industry and releases the capital for further expansion.
B. It removes fear, worry and anxiety associated with one s future.
C. It helps in earning foreign exchange.
D. It leads to development of a nation.
E. All of the above
Answer» F.
Discussion
85.

The term Risk does not include which of the following?
A. Loss suffered
B. Expected loss
C. Impact of loss
D. Probability of loss
E. None of the above
Answer» B. Expected loss
Discussion
86.

Which of the following is the best definition of the term Assurance?
A. It is a financial product offered by a company.
B. It includes protection against an event that may happen.
C. It provides cover against a specific risk.
D. It includes protection against an event that is bound to happen.
E. None of the above
Answer» E. None of the above
Discussion
87.

Insurance is one of the major forms of risk transfer, and it permits uncertainty to be replaced by certainty.
A. Risk management
B. Risk Transfer
C. Risk Pooling
D. Risk retention
E. None of the above
Answer» C. Risk Pooling
Discussion
88.

Reducing the amount of loss is known as

A. Risk minimizing
B. Loss Reduction
C. Loss prevention
D. Loss lowering
E. None of the above
Answer» C. Loss prevention
Discussion
89.

Who is the new RBI Governor?
A. Raghuram Rajan
B. Shaktikanta Das
C. Urjit Patel
D. Upasna Roy
E. None of the above
Answer» C. Urjit Patel
Discussion
90.

FSR stands for

A. Fiscal Standard Report
B. Financial Stability Report
C. Foreign Stressed Reserves
D. Financially Stressed Reserves
E. Final Stable Report
Answer» C. Foreign Stressed Reserves
Discussion
91.

The five pronged approach called SASHAKT to deal with NPAs in banks was recommended by

A. Sunil Mehta Committee
B. Priyanka Deshmukh committee
C. Urjit Patel Committee
D. Abhijit Sen Committee
E. Bimal Jalan Committee
Answer» B. Priyanka Deshmukh committee
Discussion
92.

The compounding frequency of the Kisan Vikas Patra scheme is-
A. Monthly
B. Monthly and Paid
C. Semi-annually
D. Quarterly
E. Annually
Answer» F.
Discussion
93.

The Ayushman Bharat-National Health Protection Mission is to integrate which of the following centrally sponsored schemes?
I . Rashtriya Swasthya Bima Yojana
II. Pradhan Mantri Vaya Vandana Yojana
III. Varishtha Pension Bima Yojana.
IV. Senior Citizen Health Insurance Scheme.
A. Only I and IV
B. Only II and III
C. Only I, II and IV
D. Only II, III and IV
E. All of the above
Answer» B. Only II and III
Discussion
94.

Which of the following offers reinsurance services in India?
A. General Insurance Corporation
B. Life Insurance Corporation
C. United India Insurance
D. National Insurance Company
E. None of the above
Answer» B. Life Insurance Corporation
Discussion
95.

Which of the following is/are insurance repository/ies in India?
I. CDSL
II. NSDL
III. CISR
IV. RBI
A. Only I and II
B. Only II and III
C. Only I, II and IV
D. Only II, III and IV
E. Only I, III and IV
Answer» B. Only II and III
Discussion
96.

In which year was the General Insurance Business nationalized in India?
A. 1972
B. 1973
C. 1975
D. 1976
E. None of the above
Answer» C. 1975
Discussion
97.

The Insurance Repository system was launched by the IRDA in which year?
A. 2012
B. 2013
C. 2014
D. 2015
E. 2018
Answer» C. 2014
Discussion
98.

In which market form, a market or industry is dominated by a few firms?

A. Monopoly
B. Oligopoly
C. Perfect Competition
D. None of the above
Answer» C. Perfect Competition
Discussion
99.

Which amongst the following is not a component of monetary policy in India?

A. Credit Rating
B. Public Debt
C. Repo rate
D. Moral suasion
Answer» C. Repo rate
Discussion
100.

Which one of the following is not an instrument of credit control in India?

A. Open Market operations
B. Variable cost reserve ratios
C. Rationing of credit
D. Direct Action
Answer» C. Rationing of credit
Discussion