General Awareness | Questions
Banking questions with solutions
Banking is a General Awareness topic for competitive exams. It appears across bank and railway exams. This page has 23 solved banking questions written to the official pattern, with a worked solution under each.
- Question 1Easy
What does PAN stand for?
- A.Permanent Account NumberCorrect
- B.Primary Account Name
- C.Public Account Number
- D.Personal Account Number
Show solution
PAN is the Permanent Account Number issued by the Income Tax Department.
- Question 2Easy
What does RBI stand for?
- A.Rural Bank of India
- B.Regional Bank of India
- C.Reserve Bank of IndiaCorrect
- D.Royal Bank of India
Show solution
RBI is the Reserve Bank of India, the central bank.
- Question 3Easy
What does UPI stand for?
- A.Universal Payment Instrument
- B.Unique Payment Identifier
- C.United Payment Interface
- D.Unified Payments InterfaceCorrect
Show solution
UPI is the Unified Payments Interface.
- Question 4Easy
What does KYC stand for?
- A.Keep Your Cash
- B.Key Yield Certificate
- C.Know Your Credit
- D.Know Your CustomerCorrect
Show solution
KYC stands for Know Your Customer.
- Question 5Easy
What does IFSC stand for in banking?
- A.International Finance Service Code
- B.Indian Federal Standard Code
- C.Indian Financial System CodeCorrect
- D.Indian Fund Settlement Code
Show solution
IFSC is the Indian Financial System Code identifying a bank branch.
- Question 6Easy
In which city is the headquarters of the RBI?
- A.Kolkata
- B.New Delhi
- C.MumbaiCorrect
- D.Chennai
Show solution
The RBI is headquartered in Mumbai.
- Question 7Easy
Which organisation issues currency notes in India (except the one-rupee note)?
- A.NABARD
- B.State Bank of India
- C.Ministry of Home Affairs
- D.Reserve Bank of IndiaCorrect
Show solution
The RBI issues currency notes; the one-rupee note is issued by the Ministry of Finance.
- Question 8Easy
What does EMI stand for?
- A.Equal Monthly Interest
- B.Easy Money Instalment
- C.Extra Monthly Interest
- D.Equated Monthly InstalmentCorrect
Show solution
EMI is the Equated Monthly Instalment.
- Question 9Easy
What does NEFT stand for?
- A.National Electronic Funds TransferCorrect
- B.Net Electronic Fund Transfer
- C.New Electronic Fund Transaction
- D.National Exchange for Transfer
Show solution
NEFT is National Electronic Funds Transfer.
- Question 10Easy
NABARD was established primarily to promote:
- A.Agriculture and rural developmentCorrect
- B.Defence production
- C.Urban metro rail projects
- D.Foreign trade only
Show solution
NABARD — the National Bank for Agriculture and Rural Development — refinances and supports rural credit and agricultural development. It is not a retail bank.
- Question 11Easy
What does RTGS stand for?
- A.Rapid Transaction Gateway Service
- B.Real Time Gross SettlementCorrect
- C.Regular Transfer of Government Securities
- D.Real Transfer Gross System
Show solution
RTGS is Real Time Gross Settlement.
- Question 12Easy
What does SBI stand for?
- A.State Board of India
- B.Small Bank of India
- C.Standard Bank of India
- D.State Bank of IndiaCorrect
Show solution
SBI is the State Bank of India.
These are 12 of 23 banking questions in the bank. Attempt the rest with instant feedback in the practice drills, or under a clock in the mock tests.
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Frequently asked questions
How many Banking questions are here?
This page shows 12 worked banking questions from a bank of 23, spanning 13 easy, 5 moderate and 5 hard. The full set is available to attempt in the timed-free practice drills and the mock tests.
Which exams ask Banking questions?
Banking is a standard General Awareness topic across bank and railway recruitment exams.
Are these Banking questions free, and are the answers reliable?
Yes. Every question is free, written in-house to the exam pattern rather than copied from a real paper, and the numeric answer keys are recomputed independently at build time — a wrong key fails the build rather than reaching you.