Banking UPSC Questions

Economics

Banking MCQ Questions


1.
Which bank is the banker to banks and functions as the monetary authority in the economy in India?
A.
Bank of Baroda
B.
World bank
C.
RBI
D.
Asian Development bank
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ANSWER :
C. RBI
2.

Bank is a _____ intermediary between the people and the economy and in the process earns profits.

A.

Financial

B.

Educational

C.

Technical

D.

Legal

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ANSWER :

A. Financial

3.
The process in which the banks accept the deposits and lends money for productive purposes is called
A.
Compliance banking
B.
Constitutional banking
C.
Conventional banking
D.
Commercial banking
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ANSWER :
D. Commercial banking
4.
Banking in India is truly a reflection of a mixed economy with
A.
Public sector banks
B.
Private banks
C.
Foreign banks
D.
All the above
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ANSWER :
D. All the above
5.
State Bank of India comes under
A.
Public sector banks
B.
Private banks
C.
Foreign banks
D.
Payments banks
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ANSWER :
A. Public sector banks
6.
Before _____, banking was highly sheltered and regulated by the RBI, like the industrial sector.
A.
1990
B.
1991
C.
1992
D.
1993
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ANSWER :
B. 1991