 Here are some challenging Banking Awareness MCQs for IBPS aspirants:
- Question: What is the full form of NPA in the context of banking?
- Options:
- A) Non-Performing Asset
- B) National Payment Authority
- C) New Pension Account
- D) Non-Profit Association
- Options:
- Question: Which organization regulates the monetary policy in India?
- Options:
- A) Reserve Bank of India (RBI)
- B) Securities and Exchange Board of India (SEBI)
- C) National Bank for Agriculture and Rural Development (NABARD)
- D) Ministry of Finance
- Options:
- Question: What does MCLR stand for in the banking sector?
- Options:
- A) Marginal Cost of Financial Lending Rate
- B) Minimum Credit Limit Rate
- C) Marginal Cost of Funds based Lending Rate
- D) Maximum Credit Limit Rate
- Options:
- Question: Which bank was the first to be nationalized in India?
- Options:
- A) Punjab National Bank
- B) State Bank of India
- C) Bank of Baroda
- D) Central Bank of India
- Options:
- Question: What is the primary function of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
- Options:
- A) Regulating interest rates
- B) Providing loans to banks
- C) Insuring bank deposits
- D) Managing foreign exchange reserves
- Options:
Feel free to tackle these questions, and good luck with your IBPS preparation! 🌟📚
ANSWERS
- Answer: A) Non-Performing Asset
- Answer: A) Reserve Bank of India (RBI)
- Answer: C) Marginal Cost of Funds based Lending Rate
- Answer: D) Central Bank of India
- Answer: C) Insuring bank deposits
