Practice these Banking exam-style MCQs (IBPS/SBI pattern) covering Banking Awareness, Quantitative Aptitude, and Reasoning. Click “Show Answer” to reveal the correct answer after attempting.
Banking Awareness
1. What does “NEFT” stand for in Indian banking?
a) National Electronic Funds Transfer b) National Estimate Fund Transaction c) National Exchange Financial Terminal d) None of these
Show Answer
a) National Electronic Funds Transfer
2. Which bank is known as the “Banker’s Bank” in India?
a) SBI b) RBI c) NABARD d) HDFC
Show Answer
b) RBI
3. What is the current minimum CRR (Cash Reserve Ratio) mechanism used by RBI called?
a) Bank Rate b) CRR c) MCLR d) SLR
Show Answer
b) CRR
4. Which committee recommended the establishment of the Regional Rural Banks (RRBs)?
a) Narasimham Committee b) Narayanan Committee c) M. Narasimham Working Group d) None of these
Show Answer
a) Narasimham Committee
Quantitative Aptitude
5. A sum of money doubles itself in 8 years at simple interest. What is the rate of interest?
a) 10% b) 12.5% c) 15% d) 8%
Show Answer
b) 12.5%
6. If the cost price of an item is ₹800 and it is sold at a 25% profit, what is the selling price?
a) ₹1000 b) ₹950 c) ₹900 d) ₹1050
Show Answer
a) ₹1000
7. What is the compound interest on ₹5000 at 10% per annum for 2 years?
a) ₹1000 b) ₹1050 c) ₹1100 d) ₹1150
Show Answer
b) ₹1050
Reasoning
8. Pointing to a photograph, a man says, “She is the daughter of my grandfather’s only son.” How is the woman related to the man?
a) Sister b) Mother c) Aunt d) Cousin
Show Answer
a) Sister
9. Complete the series: 3, 9, 27, 81, ?
a) 162 b) 243 c) 324 d) 216
Show Answer
b) 243
10. In a certain code, “BANK” is written as “CBOL”. How is “LOAN” written in that code?
a) MPBO b) MPBM c) MPCO d) NPBO
Show Answer
a) MPBO
Frequently Asked Questions
Which banking exams do these questions cover?
These questions are relevant for IBPS PO, IBPS Clerk, SBI PO, and SBI Clerk exam patterns.
Where can I find more banking practice sets?
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