Banking Awareness questions and answers

10 questions in 1 online test, each with its answer and a worked solution.

Start Test 1

Banking Awareness: key points

Banking awareness questions cover the Reserve Bank of India, the history of Indian banking and the terms of monetary policy.

  • The RBI was established in 1935 and nationalised in 1949; its central office is in Mumbai.
  • Fourteen banks were nationalised in 1969 and six more in 1980.
  • Banks borrow from the RBI at the repo rate and park money with it at the reverse repo rate.
  • The State Bank of India was formed in 1955 from the Imperial Bank of India; NABARD was set up in 1982.

How to practise Banking Awareness

Start with the key points, then take one Banking Awareness test without rushing. Review every explanation, note the steps you missed and repeat the topic against the clock. APTITUDE TESTER has 10 questions in 1 test for this topic.

  • Read the method before attempting a timed test.
  • Record mistakes by type: concept, calculation or time management.
  • Return to the hardest questions after a day and try them again.

Continue with another Banking topic when your accuracy is steady.

Banking Awareness online tests

Sample Banking Awareness questions

  1. 1. The Reserve Bank of India was established in the year
    1. 1955
    2. 1935
    3. 1947
    4. 1949

    Reference: q-14dda1c8-54 · Report this question

    Show answer and solution

    Answer: B. 1935

    The RBI began operations on 1 April 1935 under the Reserve Bank of India Act, 1934.
  2. 2. The headquarters of the Reserve Bank of India is in
    1. Kolkata
    2. Chennai
    3. New Delhi
    4. Mumbai

    Reference: q-c2c12c56-52 · Report this question

    Show answer and solution

    Answer: D. Mumbai

    The RBI's central office is in Mumbai.
  3. 3. The Reserve Bank of India was nationalised in the year
    1. 1955
    2. 1949
    3. 1969
    4. 1935

    Reference: q-37be0083-55 · Report this question

    Show answer and solution

    Answer: B. 1949

    The RBI was nationalised on 1 January 1949.

See all the questions of Test 1

Banking Awareness: questions people ask

How many Banking Awareness questions are there?

There are 10 Banking Awareness questions in 1 test. Each test has its own page that lists the questions with their answers and solutions.

How long does a Banking Awareness test take?

A test of 10 questions has a time limit of 15 minutes, which is 90 seconds a question.

Is there negative marking?

Rules vary by set. The rules screen shows the time limit, marks, any wrong-answer penalty and calculator permission before you begin. Feedback mode has no time limit or negative marking.

Can I practise Banking Awareness without a time limit?

Yes. Choose practice mode: there is no clock, and the answer and solution appear as soon as you select an option.