Banking Awareness Questions for Bank Exams: 20 Free Practice Tests
Banking awareness covers the RBI, monetary policy tools, types of banks, banking terms and recent banking news. It is a large part of the General Awareness section in bank mains and in RRB and insurance exams.
Learn the definitions here; for current rates always check the RBI's latest monetary policy statement at rbi.org.in, as they change.
- Free tests
- 20
- Questions
- 400
- Exams
- 4
Banking Awareness: Core concepts
- The RBI was established on 1 April 1935 under the RBI Act, 1934 and nationalised on 1 January 1949.
- Repo rate: the rate at which the RBI lends to banks for short periods against government securities.
- Standing Deposit Facility (SDF): the floor of the liquidity corridor, through which banks park surplus funds with the RBI without collateral (introduced in April 2022).
- Marginal Standing Facility (MSF): overnight borrowing by banks from the RBI above the repo rate; the Bank Rate is aligned with it.
- CRR: share of a bank's net demand and time liabilities (NDTL) kept as cash with the RBI. SLR: share of NDTL kept in liquid assets such as cash, gold and approved securities.
- The Monetary Policy Committee (MPC) has six members and sets the repo rate.
SBI PO Banking Awareness Questions (4 tests)
70 questions, timed like the SBI PO paper, with instant score.
SBI Clerk Banking Awareness Questions (3 tests)
55 questions, timed like the SBI Clerk paper, with instant score.
IBPS PO Banking Awareness Questions (9 tests)
190 questions, timed like the IBPS PO paper, with instant score.
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- IBPS PO Mains Banking Awareness Mock Test 0130 Qs•20 min•MediumStart
- IBPS PO Mains Banking Awareness Mock Test 0220 Qs•14 min•HardStart
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- IBPS PO Mains Banking Awareness Mock Test 0415 Qs•12 min•MediumStart
- IBPS PO Mains English Sectional Mock Test 0235 Qs•40 min•HardStart
- RBI Functions Banking Awareness Quiz 0115 Qs•10 min•MediumStart
IBPS Clerk Banking Awareness Questions (4 tests)
85 questions, timed like the IBPS Clerk paper, with instant score.
Banking Awareness Notes and Tricks
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Banking Awareness Questions: FAQs
How many free banking awareness tests are on BookOfExams?
20 tests with 400 questions in total, across 4 exams. The count updates whenever a new test is added.
Where should I check the current repo rate?
On the RBI's website (rbi.org.in) in the latest Monetary Policy Statement; rates change at MPC meetings, so do not rely on old notes.
What is the difference between CRR and SLR?
CRR is kept as cash with the RBI and earns no interest; SLR is kept by the bank itself in liquid assets like government securities.
Do these tests have solutions?
Yes. Every test shows your score and accuracy as soon as you submit, with a step-by-step solution for each question after a free sign-in.