Explore topic-wise MCQs in GK.

This section includes 63 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 of the following is India s first Credit Information Company?

A. CRISIL
B. SMERA
C. ICRA
D. CIBIL
Answer» E.
Discussion
2.

What are the Pre-Payment charges applied on paying personal loan before tenure period.

A. 10% of the Principal
B. 5% of the Principal
C. 1-2% of the Principal
D. 7% of the Principal
Answer» D. 7% of the Principal
Discussion
3.

Which of the following include the primary structure of the Mutual Funds?

A. Open-end funds
B. Unit Investment Trusts
C. Exchange traded Funds
D. All of the Above
Answer» E.
Discussion
4.

Which of the following countries has the largest Mutual Fund market in the World?

A. USA
B. Japan
C. China
D. Brazil
Answer» B. Japan
Discussion
5.

Corporate loans are offered to applicants who have established their business for how many years in India?

A. 5
B. 6
C. 2
D. 7
Answer» B. 6
Discussion
6.

Which of the following acts regulates the underwriting process in India?

A. RBI Act 1934
B. Securities and Exchanges Board of India (Underwriters) Regulations, 1993.
C. Securities and Exchanges Board of India (Underwriters) Regulations, 2006.
D. Both (B) and (C)
Answer» E.
Discussion
7.

What Street Name is used to refer to the RBI?

A. Reserve Street
B. Credit Street
C. Mint Street
D. None of the above
Answer» D. None of the above
Discussion
8.

Who has been given the power under the Banking Regulation Act 1949 to grant license to banks?

A. RBI
B. State Government
C. Central Government
D. All of the above
Answer» B. State Government
Discussion
9.

When was ICICI bank founded?

A. 1991
B. 1992
C. 1993
D. 1994
Answer» E.
Discussion
10.

Who regulates the functioning of District Cooperative Banks in India?

A. State Government
B. RBI
C. State Cooperative Banks
D. None of these
Answer» C. State Cooperative Banks
Discussion
11.

Credit Cards are a convenient substitute for which of the following?
A. Cash
B. Cheque
C. Both 1 and 2
D. None of The Above
Answer» D. None of The Above
Discussion
12.

MSME is defined under which act?

A. MSMED Act, 2006
B. MSME Act, 2001
C. MSMED Act, 1999
D. MSME Act, 2004
Answer» B. MSME Act, 2001
Discussion
13.

The term ATM stands for which of the following?

A. Automatic teller machine
B. Automated teller mechanism
C. Automated teller machine
D. None of these
Answer» B. Automated teller mechanism
Discussion
14.

What is the upper age limit for Pradhan Mantri Jeevan Jyoti Bima Yojana renewable insurance scheme?

A. 55 years
B. 60 years
C. 65 years
D. 50 years
Answer» E.
Discussion
15.

In which year National Electronic Fund Transfer started in India?

A. 2004
B. 2002
C. 2006
D. 2005
Answer» E.
Discussion
16.

Which of the following is true about merchant bank?

A. Underwrites securities for corporations
B. Advice clients on mergers
C. Involved in ownership of commercial ventures
D. All of the above
Answer» E.
Discussion
17.

____________ Bank has introduced first ATM in India.
A. SBI
B. ICICI
C. HSBC
D. Axis
E. City Bank
Answer» D. Axis
Discussion
18.

____________ became India s first all woman bank.
A. Dhanlaxmi Bank
B. Lakshmi Vilas Bank
C. Suryodaya Finance Bank
D. Bharatiya Mahila Bank
E. Utkarsh Finance Bank
Answer» E. Utkarsh Finance Bank
Discussion
19.

_________Bank has introduced the first Credit Card in India.
A. Union Bank of India
B. UTI Bank
C. Axis Bank
D. Central Bank of India
E. Bank of India
Answer» E. Bank of India
Discussion
20.

The headquarters of AU Small Finance Bank is ______
A. Hyderabad
B. Chennai
C. Jaipur
D. Bengaluru
E. None of these
Answer» D. Bengaluru
Discussion
21.

How much % GST levied on Mobile Phones?
A. 12%
B. 28%
C. 5%
D. 18%
E. None of these
Answer» B. 28%
Discussion
22.

Which of the following is an example of Representative Money?
A. Gold
B. Silver
C. Tobacco
D. None of these
E. All of these
Answer» F.
Discussion
23.

BHIM Stands for _______
A. Bharat Interface for Money
B. Bharat Heavy Interface for Money
C. Bharat Heavy Interface Money
D. Bharat High Interface for Money
E. None of these
Answer» B. Bharat Heavy Interface for Money
Discussion
24.

The upper limit per UPI transaction is __________.
A. 10000
B. 20000
C. 50000
D. 1 lakh
E. None of these
Answer» E. None of these
Discussion
25.

Which of the following is a fraud investigating agency in India?
A. NEFT
B. IMPS
C. SWIFT
D. MZM
E. SFIO
Answer» F.
Discussion
26.

_________ is a cheque written by the drawer(payer) for a date in the future.
A. Bearer Cheque
B. Anti-Dated Cheque
C. Open Cheque
D. Post-Dated Cheque
E. Crossed Cheque
Answer» E. Crossed Cheque
Discussion
27.

If a cheque is presented for payment after six months from the date of the cheque it is called ______
A. Bearer Cheque
B. Order Cheque
C. Open Cheque
D. Stale Cheque
E. Mutilated Cheque
Answer» E. Mutilated Cheque
Discussion
28.

The process of remitting foreign money to a country is called ______
A. Inward Remittance
B. Foreign Remittance
C. Commercial banking
D. Wholesale banking
E. None of these
Answer» B. Foreign Remittance
Discussion
29.

When was the currency system in India converted into decimal system?
A. 1st April 1949
B. 1st April 1959
C. 1st April 1957
D. 1st April 1969
E. None of these
Answer» D. 1st April 1969
Discussion
30.

Which Organisation/Ministry is the Custodian of Foreign Reserves in India?
A. Finance Ministry
B. Foreign Ministry
C. Reserve Bank of India(RBI)
D. None is Correct
Answer» D. None is Correct
Discussion
31.

Who was the First Deputy Governor of Reserve Bank of India (RBI)?
A. Osborne Smith
B. HO Hume
C. Lord Canning
D. James B.Taylor
Answer» B. HO Hume
Discussion
32.

Which organisation/ministry is the nodal agency to provide licenses to e-commerce companies?
A. Finance Ministry
B. Corporate Ministry
C. Reserve Bank of India(RBI)
D. Department of Industrial Policy and Promotion (DIPP)
Answer» E.
Discussion
33.

National Investment and Infrastructure Fund(NIIF) is recently established by the Union Government. It is an Alternate investment Fund (AIF) of
A. category I
B. category II
C. category III
D. category IV
Answer» C. category III
Discussion
34.

Which of the following test(in Banking) is a measure to prove that the jewellery was handed over from the past generation?
A. Heredity Test
B. Ancestral Test
C. Heirloom Test
D. All of the Above
Answer» D. All of the Above
Discussion
35.

The applicable interest rate per annum for Kisan Credit Cards is 9%, for a maximum credit limit of
A. Rs. 1 lakh
B. Rs. 2 lakh
C. Rs. 3 lakh
D. Rs. 4 lakh
Answer» D. Rs. 4 lakh
Discussion
36.

Which Organisation/Government is the administrator of Financial Inclusion Fund (FIF)?
A. Reserve Bank of India(RBI)
B. NABARD
C. Union Government of India
D. Particular Government of the related State
Answer» D. Particular Government of the related State
Discussion
37.

A reverse mortgage is a special kind of home loan for
A. Government Employees without any security
B. Senior Citizens
C. Beneficiaries under Below Poverty Line Criteria
D. All of the Above
Answer» C. Beneficiaries under Below Poverty Line Criteria
Discussion
38.

Open Market Operations is related to which of the following organisation?
A. Reserve Bank of India
B. SEBI
C. Department of Investment and Public Asset Management(DIPAM)/
D. None is Correct
Answer» B. SEBI
Discussion
39.

What is 'B' stands for in "CIBIL"(related to credit ratings)?
A. Bureau
B. Base
C. Bank
D. Benchmark
Answer» B. Base
Discussion
40.

On which date was the Reserve Bank of India established?
A. April 1, 1935
B. July 12, 1982
C. January 1, 1949
D. August 15, 1947
Answer» B. July 12, 1982
Discussion
41.

What is the present number of Local Area Banks in India?
A. 3
B. 4
C. 5
D. 6
Answer» E.
Discussion
42.

On which rate base, overnight money is needed by bank from RBI?
A. MSF
B. Repo rate
C. Reverse repo
D. Bank rate
Answer» B. Repo rate
Discussion
43.

Which bank was the first to deploy 'Talking ATMs' for differently abled person?
A. Union Bank of India
B. United Bank of India
C. State Bank of India
D. Punjab National Bank
Answer» B. United Bank of India
Discussion
44.

Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 as?
A. Private Limited
B. Public limited
C. Unlimited
D. Limited Liability Partnership
Answer» C. Unlimited
Discussion
45.

Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934?
A. Bank rate
B. Reverse Repo Rate
C. SLR
D. CRR
Answer» E.
Discussion
46.

Which was the first bank to introduce cheque system in India?
A. Bengal Bank
B. Bank of Hindustan
C. General Bank of India
D. Presidency Bank
Answer» B. Bank of Hindustan
Discussion
47.

Which is the largest commercial bank in India?
A. Bank of India
B. Axis Bank
C. State Bank of India
D. HDFC
Answer» D. HDFC
Discussion
48.

The performance of which scheme does the National Housing Bank monitor?
A. Liberalized Finance Scheme
B. Golden Jubilee Rural Housing Finance Scheme
C. Energy Efficient Housing Finance Scheme
D. Finance scheme for indirect loans
Answer» C. Energy Efficient Housing Finance Scheme
Discussion
49.

Which subsidiary bank was merged with the State Bank of India on August 13, 2008?
A. State Bank of Hyderabad
B. State Bank of Indore
C. State Bank of Mysore
D. State Bank of Saurashtra
Answer» E.
Discussion
50.

The first RRB of India Prathama Bank was established in which year?
A. 1975
B. 1976
C. 1980
D. 1969
Answer» B. 1976
Discussion