Here are some challenging Banking Awareness MCQs for IBPS aspirants:

1. 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
2. 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
3. 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
4. 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
5. 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

Feel free to tackle these questions, and good luck with your IBPS preparation! 🌟📚

ANSWERS

1. Answer: A) Non-Performing Asset
2. Answer: A) Reserve Bank of India (RBI)
3. Answer: C) Marginal Cost of Funds based Lending Rate
4. Answer: D) Central Bank of India
5. Answer: C) Insuring bank deposits