Banking Mock Test - CollegeXpad Navigating your Educational Journey

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Mock Test for Banking

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1. What is the full form of ECS in banking?

A. Electronic Credit System

B. Electronic Cash System

C. Electronic Cheque System

D. Electronic Clearing System

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2. Which of the following is not a function of the Reserve Bank of India (RBI)?

A. Providing loans to the public

B. Acting as a banker to the government

C. Regulating foreign exchange

D. Issuing currency notes

3 / 20

3. What is the full form of IFSC in banking?

A. Indian Financial System Code

B. International Financial System Code

C. Indian Banking System Code

D. Interbank Financial System Code

4 / 20

4. What is the primary function of the National Bank for Agriculture and Rural Development (NABARD)?

A. Providing credit for agriculture and rural development

B. Regulating regional rural banks

C. Providing credit for industrial development

D. Regulating urban cooperative banks

5 / 20

5. Which of the following is a type of non-performing asset (NPA)?

A. Loan given to a borrower with a good credit rating

B. Loan given to a borrower who has made timely repayments

C. Loan given to a borrower for a short period

D. Loan given to a borrower who has defaulted on repayment

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6. What is the maximum period for which a fixed deposit can be made in most banks in India?

A. 5 years

B. 10 years

C. 15 years

D. 1 year

7 / 20

7. What is the main function of the Small Industries Development Bank of India (SIDBI)?

A. Regulating foreign investments

B. Promoting large-scale industries

C. Regulating small industries

D. Providing credit to small-scale industries

8 / 20

8. What is the full form of RTGS in banking?

A. Regular Time General Settlement

B. Regular Time Gross Settlement

C. Real Time Gross Settlement

D. Real Time General Settlement

9 / 20

9. What is the minimum age requirement to open a savings account in India?

A. 18 years

B. 16 years

C. 25 years

D. 21 years

10 / 20

10. Which of the following is not a type of bank account?

A. Fixed Deposit Account

B. Savings Account

C. Demat Account

D. Credit Card Account

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11. Which of the following is not a type of banking service?

A. Loans

B. Investments

C. Manufacturing

D. Insurance

12 / 20

12. Who regulates the functioning of banks in India?

A. Indian Banks' Association (IBA)

B. Reserve Bank of India (RBI)

C. Ministry of Finance

D. Securities and Exchange Board of India (SEBI)

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13. What is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?

A. ₹1,00,000

B. ₹10,00,000

C. ₹5,00,000

D. ₹2,00,000

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14. Which of the following is not a type of cheque?

A. Bank cheque

B. Closed cheque

C. Bearer cheque

D. Order cheque

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15. Which of the following is not a government-owned bank in India?

A. ICICI Bank

B. State Bank of India (SBI)

C. Bank of Baroda (BOB)

D. Punjab National Bank (PNB)

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16. Which of the following is a function of the Banking Ombudsman in India?

A. Providing loans to customers

B. Resolving complaints against banks

C. Regulating interest rates

D. Providing investment advice

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17. What is the full form of ATM?

A. Automated Teller Machine

B. Automatic Teller Machine

C. Automated Transfer Machine

D. Automated Transaction Machine

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18. What is the full form of KYC in banking?

A. Know Your Company

B. Know Your Credit

C. Know Your Customer

D. Know Your Currency

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19. What is the minimum age requirement to open a fixed deposit account in India?

A. 18 years

B. 25 years

C. 16 years

D. 21 years

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20. What is the minimum balance required in a savings account to avoid penalties in most banks in India?

A. ₹1,000

B. ₹5,000

C. ₹2,000

D. ₹500

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The average score is 5%

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