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GK MCQs Section

Page-2 of Banking GK

Module 10. Banking Operations & Regulation

1. Types of Bank Deposits in IndiaBanks are regarded as custodians of public money, and the mobilisation of deposits from the public is their most important function. Deposits...

January 10, 2025

Module 09. Monetary Policy & Banking Regulation

10. Meaning & Objectives of Monetary PolicyMonetary policy refers to the policy actions undertaken by a nation’s central bank to control the money supply, availability of credit, and...

January 9, 2025

Module 08. Legal & Regulatory Framework of Banking

14. RBI Act, 1934The Reserve Bank of India Act, 1934 is the principal legislation that established the Reserve Bank of India (RBI) as India’s central bank. Enacted in...

January 8, 2025

Module 07. Financial Inclusion & Social Banking

23. Financial InclusionFinancial Inclusion refers to ensuring that all individuals, particularly low-income and underserved groups, have access to basic financial services such as bank accounts, credit, insurance, pensions,...

January 7, 2025

Module 06. Non-Banking Financial Companies

29. Non-Banking Financial CompaniesNon-Banking Financial Companies (NBFCs) are financial institutions that provide banking and financial services without meeting the legal definition of a bank. In India, an NBFC...

January 6, 2025

Module 05. Development & Specialized Financial Institutions

34. National Bank for Agriculture and Rural Development (NABARD)NABARD is the apex DFI dedicated to building rural and agricultural prosperity. Established on 12 July 1982 under the NABARD...

January 5, 2025

Module 04. Banking System in India

39. Types of BankingVarious Types of Banking are as follows: Branch Banking Branch banking involves business of banking via branches. The branches are set up under Section 23...

January 4, 2025

Module 03. Reserve Bank of India

51. Origin and Establishment of RBIPrior to the RBI, India’s banking and currency management lacked a dedicated central authority. The Imperial Bank of India (est. 1921) performed some...

January 3, 2025

Module 02. History of Banking in India

56. Indigenous Banking System in Pre-Colonial IndiaIndia’s banking evolution spans several centuries, beginning with informal moneylending and temple-based finance and gradually progressing towards an organised, regulated banking system....

January 2, 2025

Module 01. Introduction to Banking

64. Meaning, Definition & Importance of BankingBanking refers to the business activity of accepting money from the public for safekeeping and lending that money to others for productive...

January 1, 2025

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