Bank PO / Clerk / RBI — MCQ Practice Questions & Answers

Question 1

Which of the following is the regulatory body for banks in India?

Accepted Answer

Correct answer: A. Reserve Bank of India — RBI is the central bank and primary regulator of all banks in India.

Answer

B. State Bank of India

Answer

C. Securities and Exchange Board of India

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D. Insurance Regulatory and Development Authority

Question 2

What is the current repo rate as per RBI's latest monetary policy (2024-2025)?

Accepted Answer

Correct answer: B. 6.50% — RBI has set the repo rate at 6.50% in its latest policy review of 2024-2025.

Answer

A. 5.75%

Answer

C. 6.25%

Answer

D. 5.50%

Question 3

Which bank is the largest public sector bank in India by asset size?

Accepted Answer

Correct answer: C. State Bank of India — State Bank of India (SBI) is the largest public sector bank in India.

Answer

A. HDFC Bank

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B. ICICI Bank

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D. Axis Bank

Question 4

What does SWIFT stand for in banking?

Accepted Answer

Correct answer: B. Society for Worldwide Interbank Financial Telecommunication — SWIFT is the standard international system for financial messaging between banks.

Answer

A. Standard Wire for International Financial Transfer

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C. Secure Wireless International Financial Transaction

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D. System for World Integration of Financial Technology

Question 5

The Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to provide banking services to which segment?

Accepted Answer

Correct answer: B. Unbanked and underbanked population — PMJDY was launched to provide universal access to banking services to unbanked and underbanked sections.

Answer

A. Senior citizens only

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C. Agricultural sector only

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D. Industrial sector workers

Bank PO / Clerk / RBI - MCQ Practice Questions