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Central Bank of India SO | Online Examination

Central Bank of India SO: 9-question practice mock

A compact, single-clock Central Bank of India SO practice mock: 9 original questions across Banking Awareness, each with a worked solution. No negative marking in this exam.

Before you start

  • 9 questions in 10 minutes on a single clock — a short drill, not a full-length paper.
  • Each question carries one mark and there is no negative marking in this exam.
  • Every question is original, written to the Central Bank of India SO pattern, with a worked solution shown after you submit.

Sections in this test

SectionQuestions
Banking AwarenessBanking Awareness9

Sample questions with worked solutions

A few questions from this test, with the answer key and the method behind it. The full set of 9 runs under a timer, and every solution is on the analysis screen once you submit.

Banking Awareness · solved example

In stock market terminology, a 'bull' is an investor who expects prices to

  • fall
  • riseCorrect
  • stay unchanged
  • become volatile
  • be suspended

Solution

A bull expects prices to rise and buys in anticipation of a gain, giving a rising market its name. A bear, by contrast, expects prices to fall.

Banking Awareness · solved example

Deposit insurance for bank depositors in India is provided by

  • DICGCCorrect
  • IRDAI
  • SEBI
  • LIC
  • PFRDA

Solution

The Deposit Insurance and Credit Guarantee Corporation, DICGC, a subsidiary of the RBI, insures bank deposits up to a specified limit per depositor per bank.

Banking Awareness · solved example

The financial year in India runs from

  • 1 January to 31 December
  • 1 April to 31 MarchCorrect
  • 1 July to 30 June
  • 1 October to 30 September
  • 1 March to 28 February

Solution

The Indian financial year runs from 1 April of one year to 31 March of the next, which is the period used for budgets, accounts and taxation.

Banking Awareness · solved example

Insurance on bank deposits in India is provided by:

  • DICGCCorrect
  • SEBI
  • IRDAI
  • NABARD

Solution

Deposit insurance is provided by the DICGC, a wholly owned subsidiary of the RBI.

Banking Awareness · solved example

India's 1991 economic reforms are popularly summarised by the abbreviation:

  • LPG (Liberalisation, Privatisation, Globalisation)Correct
  • GDP
  • SEZ
  • FEMA

Solution

The 1991 reforms opened the economy through Liberalisation, Privatisation and Globalisation (LPG).

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How this test is marked

Correct answer

+1

Wrong answer

-0

Unanswered

0

Because a blank carries no penalty, guessing only pays when you can eliminate at least two options. The analysis screen after the test shows you exactly where guessing cost you marks.