Banking Awareness Quiz – 1

Banking Awareness Quiz on RBI for Bank Exams, IBPS – Clerical – PO – SO, SBI PO/SO.

Q1. How many deputy governors does the RBI have ?

  1. One
  2. Two
  3. Three
  4. Four

View Answer/Explaination

Correct Answer : Option 4. Four

Q 2. Who appoints the deputy governors of RBI ?

  1. RBI Governor
  2. Union Government of India
  3. President Of India
  4. RBI Board of Directors.
  5. None of the Above

View Answer/Explaination

Union Government of India appoints the Deputy Governors of RBI

Q 3. RBI is directly controlled by ______________

  1. Public of India
  2. All Commercial Banks of India
  3. Central Board of Directors of RBI
  4. Union Governemnt of India
  5. None

View Answer/Explaination

Central Board of Directors of RBI control RBI.

Q 4. How many members will be there in the RBI central board of directors

  1. 15
  2. 5
  3. 21
  4. 25
  5. 10

View Answer/Explaination

Central Board of Directors of RBI has 25 members.

Q 5. RBI is formed under which Act ______________ ?

  1. RBI Act of 1935
  2. RBI Act of 1934
  3. Banking Reulation Act of 1949
  4. Indian Penal Code (IPC) 1947
  5. None

View Answer/Explaination

RBI Act of 1934.

Q 6. Banking Institutions that appear in the second schedule of the RBI Act 1934 are called as ______________

  1. Commercial Banks
  2. Regional Rural Banks
  3. Non Banking Financial Institutions (NBFC)
  4. Both 1 & 3
  5. Schedule Banks

View Answer/Explaination

Schedule Banks.

Q 7. ____________________ acts as fundamentals to the Nation’s Financial System


  1. RBI
  2. Central Government
  3. All Commercial and Private Banks
  4. Central Banks
  5. Private Banks

View Answer/Explaination

All Commercial and Private Banks.

Q 8. Regonal Rural Banks are supervised by

  2. RBI
  3. State Government
  4. Central Government
  5. SEBI

View Answer/Explaination


Q 9. Which of the following are RBI Owned Subsidaries ?

  1. National Housing Bank (NHB)
  2. Bharatiya Reserve Bank Note Mudran Pvt Ltd ( BRBNMPL)
  3. Deposit Insurance and Credit Guarentee Corporation ( DICGC)
  4. National Bank for Agriculture and Rural Development (NABARD)
  5. All the Above

View Answer/Explaination

All the Above

Q 10. RBI’s quasi judiciary authority for solving disputes between banks and their customers is known as ?

  1. Banking Codes and Standards Board of India
  2. Customer services and Dispute Redressal Cell
  3. Banking Ombudsman
  4. Judgements on Dispute and Services Authority
  5. None of the Above

View Answer/Explaination

None of the Above
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