IBPS PO & Clerk Banking Awareness Mock Test 2026

Question 1

What is the policy interest rate at which the Reserve Bank of India lends short-term liquidity to commercial banks against government collateral?

Accepted Answer

Repo Rate

Answer

Reverse Repo Rate

Answer

Bank Rate

Answer

Marginal Standing Facility (MSF)

Question 2

Under the provisions of the Reserve Bank of India Act, in which year did the RBI commence its official operations?

Accepted Answer

1935

Answer

1931

Answer

1947

Answer

1949

Question 3

What is the mandatory Priority Sector Lending (PSL) target set by the RBI for domestic scheduled commercial banks as a percentage of Adjusted Net Bank Credit (ANBC)?

Accepted Answer

40%

Answer

30%

Answer

35%

Answer

50%

Question 4

Deposit Insurance and Credit Guarantee Corporation (DICGC), an RBI subsidiary, provides deposit insurance coverage up to what maximum limit per depositor per bank?

Accepted Answer

₹5,00,000

Answer

₹1,00,000

Answer

₹2,50,000

Answer

₹10,00,000

Question 5

What does the abbreviation 'RTGS' stand for in inter-bank electronic fund transfers?

Accepted Answer

Real Time Gross Settlement

Answer

Rapid Transfer Government System

Answer

Registered Term Gross Security

Answer

Routing Transaction Global System

Question 6

In commercial banking, a loan asset is formally classified as a Non-Performing Asset (NPA) when interest or installment of principal remains overdue for a period of more than:

Accepted Answer

90 Days

Answer

30 Days

Answer

60 Days

Answer

180 Days

Question 7

The Basel Accords (Basel I, II, III), formulated by the Basel Committee on Banking Supervision (BCBS), primarily regulate:

Accepted Answer

Bank Capital Adequacy and Risk Management

Answer

Currency Exchange Rates

Answer

International Trade Tariffs

Answer

Corporate Taxation

Question 8

What is the official designation of the sovereign Central Bank Digital Currency (CBDC) piloted by the Reserve Bank of India?

Accepted Answer

e-Rupee (Digital Rupee)

Answer

DigiCurrency India

Answer

Bharat Crypto

Answer

RBI Token

Question 9

Who serves as the ex-officio Chairperson of India's 6-member Monetary Policy Committee (MPC)?

Accepted Answer

Governor of the Reserve Bank of India

Answer

Union Finance Minister

Answer

Chief Economic Adviser

Answer

Finance Secretary

Question 10

Under which Section of the Negotiable Instruments Act, 1881 is dishonour of a cheque for insufficiency of funds treated as a punishable criminal offence?

Accepted Answer

Section 138

Answer

Section 141

Answer

Section 147

Answer

Section 150

IBPS PO & Clerk Banking Awareness Mock Test 2026

What is the policy interest rate at which the Reserve Bank of India lends short-term liquidity to commercial banks against government collateral?

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