These 60 MCQ questions are selected from the most important topics in IBPS PO, IBPS Clerk, SBI PO, SBI Clerk and RBI Grade B examinations 2026. Sections include Banking Awareness, Quantitative Aptitude, English Language and Reasoning Ability. Click Show Answer to see detailed explanations. For unlimited daily MCQ practice, visit Vooo AI Education.
🏦 Banking Awareness (Q1–Q20)
1IBPS stands for:
Answer: B — Institute of Banking Personnel Selection
IBPS conducts examinations for recruitment to various posts in public sector banks across India.
IBPS conducts examinations for recruitment to various posts in public sector banks across India.
2The Reserve Bank of India was established in:
Answer: A — 1935
The Reserve Bank of India was established on 1 April 1935 under the Reserve Bank of India Act, 1934.
The Reserve Bank of India was established on 1 April 1935 under the Reserve Bank of India Act, 1934.
3Which is the largest public sector bank in India?
Answer: A — State Bank of India
SBI is the largest public sector bank in India by assets, deposits, branches, customers and employees.
SBI is the largest public sector bank in India by assets, deposits, branches, customers and employees.
4CRR stands for:
Answer: B — Cash Reserve Ratio
CRR is the percentage of a bank's total deposits that must be kept with the RBI as cash reserves. It is a monetary policy tool.
CRR is the percentage of a bank's total deposits that must be kept with the RBI as cash reserves. It is a monetary policy tool.
5SLR stands for:
Answer: A — Statutory Liquidity Ratio
SLR is the minimum percentage of deposits that banks must maintain in the form of gold, cash or government securities.
SLR is the minimum percentage of deposits that banks must maintain in the form of gold, cash or government securities.
6The repo rate is the rate at which:
Answer: B — RBI lends to commercial banks
The Repo Rate is the interest rate at which RBI lends money to commercial banks in exchange for government securities. Lowering repo rate reduces borrowing costs.
The Repo Rate is the interest rate at which RBI lends money to commercial banks in exchange for government securities. Lowering repo rate reduces borrowing costs.
7NEFT stands for:
Answer: B — National Electronic Funds Transfer
NEFT is a payment system operated by RBI that allows individuals and institutions to transfer funds between banks. It operates 24×7.
NEFT is a payment system operated by RBI that allows individuals and institutions to transfer funds between banks. It operates 24×7.
8Which bank was nationalised first in India?
Answer: C — 14 banks nationalised together in 1969
In 1969, PM Indira Gandhi nationalised 14 major commercial banks. In 1980, 6 more banks were nationalised. SBI was formed in 1955 from Imperial Bank.
In 1969, PM Indira Gandhi nationalised 14 major commercial banks. In 1980, 6 more banks were nationalised. SBI was formed in 1955 from Imperial Bank.
9UPI stands for:
Answer: B — Unified Payments Interface
UPI is a real-time payment system developed by NPCI (National Payments Corporation of India) that allows instant money transfers through mobile phones.
UPI is a real-time payment system developed by NPCI (National Payments Corporation of India) that allows instant money transfers through mobile phones.
10NPCI stands for:
Answer: B — National Payments Corporation of India
NPCI operates retail payments and settlement systems in India. It launched UPI, RuPay cards, IMPS and other payment systems.
NPCI operates retail payments and settlement systems in India. It launched UPI, RuPay cards, IMPS and other payment systems.
11The headquarters of SEBI is in:
Answer: B — Mumbai
SEBI (Securities and Exchange Board of India) is headquartered in Mumbai. It regulates the Indian capital market and protects investor interests.
SEBI (Securities and Exchange Board of India) is headquartered in Mumbai. It regulates the Indian capital market and protects investor interests.
12IMPS allows fund transfer:
Answer: C — 24 hours, 365 days
IMPS (Immediate Payment Service) is available 24×7, 365 days including holidays. It enables instant interbank electronic fund transfer through mobile phones.
IMPS (Immediate Payment Service) is available 24×7, 365 days including holidays. It enables instant interbank electronic fund transfer through mobile phones.
13Which is India's first indigenous credit card?
Answer: A — RuPay
RuPay is India's own domestic card payment network, launched by NPCI in 2012. The name comes from combining "Rupee" and "Payment".
RuPay is India's own domestic card payment network, launched by NPCI in 2012. The name comes from combining "Rupee" and "Payment".
14The full form of ATM is:
Answer: B — Automated Teller Machine
ATM stands for Automated Teller Machine. The first ATM in India was installed by HSBC in Mumbai in 1987.
ATM stands for Automated Teller Machine. The first ATM in India was installed by HSBC in Mumbai in 1987.
15KYC in banking stands for:
Answer: B — Know Your Customer
KYC is a mandatory process for banks to verify the identity of customers before opening accounts. It helps prevent fraud and money laundering.
KYC is a mandatory process for banks to verify the identity of customers before opening accounts. It helps prevent fraud and money laundering.
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Start Free Practice →🔢 Quantitative Aptitude (Q16–Q30)
16What is the compound interest on ₹10000 at 10% per annum for 2 years?
Answer: C — ₹2100
CI = P[(1+r/100)ⁿ - 1] = 10000[(1.1)² - 1] = 10000[1.21 - 1] = 10000 × 0.21 = ₹2100.
CI = P[(1+r/100)ⁿ - 1] = 10000[(1.1)² - 1] = 10000[1.21 - 1] = 10000 × 0.21 = ₹2100.
17A man's salary is ₹25000. He spends 60% of it. What does he save?
Answer: C — ₹10000
Savings = 40% of ₹25000 = 0.40 × 25000 = ₹10000.
Savings = 40% of ₹25000 = 0.40 × 25000 = ₹10000.
18The ratio of boys to girls in a class is 3:2. If there are 30 boys, how many girls are there?
Answer: B — 20
Boys:Girls = 3:2. If 3 parts = 30 boys, then 1 part = 10. Girls = 2 parts = 20.
Boys:Girls = 3:2. If 3 parts = 30 boys, then 1 part = 10. Girls = 2 parts = 20.
19A pipe fills a tank in 6 hours. Another empties it in 12 hours. If both open together, how long to fill the tank?
Answer: C — 12 hours
Net filling rate = 1/6 - 1/12 = 2/12 - 1/12 = 1/12. Time = 12 hours.
Net filling rate = 1/6 - 1/12 = 2/12 - 1/12 = 1/12. Time = 12 hours.
20The simple interest on ₹8000 at 5% per annum for 3 years is:
Answer: C — ₹1200
SI = (P × R × T)/100 = (8000 × 5 × 3)/100 = ₹1200.
SI = (P × R × T)/100 = (8000 × 5 × 3)/100 = ₹1200.
21If cost price = ₹400 and selling price = ₹500, what is the profit percentage?
Answer: B — 25%
Profit = 500-400 = ₹100. Profit% = (100/400) × 100 = 25%.
Profit = 500-400 = ₹100. Profit% = (100/400) × 100 = 25%.
📝 English Language (Q22–Q30)
22Choose the word closest in meaning to "Diligent":
Answer: B — Hardworking
"Diligent" means having or showing care and effort in work. Synonyms include hardworking, industrious, and assiduous.
"Diligent" means having or showing care and effort in work. Synonyms include hardworking, industrious, and assiduous.
23The bank ______ the loan application yesterday.
Answer: C — approved
"Yesterday" indicates past tense. The simple past of "approve" is "approved".
"Yesterday" indicates past tense. The simple past of "approve" is "approved".
24Identify the error: "The manager along with his team are attending the meeting."
Answer: B — are should be is
When "along with" connects two subjects, the verb agrees with the first subject (manager). Correct: "The manager along with his team is attending the meeting."
When "along with" connects two subjects, the verb agrees with the first subject (manager). Correct: "The manager along with his team is attending the meeting."
25Choose the antonym of "Transparent":
Answer: A — Opaque
"Transparent" means allowing light to pass through so objects behind can be seen clearly. Its antonym is "Opaque" — not allowing light to pass through.
"Transparent" means allowing light to pass through so objects behind can be seen clearly. Its antonym is "Opaque" — not allowing light to pass through.
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