50 GK Questions for Bank PO Exams with Answers — Practice Quiz

A strong grasp of General Knowledge is crucial for success in Bank PO and other competitive exams. Questions in this section can range from current affairs and static GK to specific topics like banking, economics, and finance. A well-rounded knowledge base not only helps you score well but also aids in the interview process. This quiz is designed to test your knowledge across various GK topics relevant to bank exams, helping you practice and identify areas for improvement. Take this 50-question quiz to assess your preparedness and boost your confidence for the upcoming exams!

50 GK Questions for Bank PO Exams with Answers

1. What is the full form of 'BIMSTEC'?

• A. Bay of India Multi-Sectoral Technical and Economic Cooperation
• B. Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
• C. Bharat India Mutual State and Economic Coordination
• D. Bengal Indian Maritime States and Economic Cooperation

2. The headquarters of the Reserve Bank of India (RBI) is in which city?

• A. Mumbai
• B. New Delhi
• C. Kolkata
• D. Chennai

3. What does 'Repo Rate' refer to in the context of the Indian economy?

• A. The rate at which commercial banks lend to the RBI
• B. The rate at which banks lend to the public
• C. The rate at which the RBI lends to commercial banks
• D. The rate at which the government borrows from the RBI

4. Which of the following is the largest public sector bank in India?

• A. Punjab National Bank
• B. Bank of Baroda
• C. Canara Bank
• D. State Bank of India

5. The term 'NPAs' in the banking sector stands for what?

• A. Non-Performing Assets
• B. Non-Public Accounts
• C. Net Profits Assets
• D. National Payment Authority

6. Who is the current Governor of the Reserve Bank of India?

• A. Raghuram Rajan
• B. Shaktikanta Das
• C. Urjit Patel
• D. D. Subbarao

7. 'NEFT' and 'RTGS' are related to which of the following?

• A. Electronic funds transfer
• B. Loan disbursement
• C. Debit card processing
• D. Mobile banking

8. What is the minimum capital requirement for a small finance bank in India?

• A. ₹50 Crore
• B. ₹100 Crore
• C. ₹200 Crore
• D. ₹200 Crore

General Knowledge Quiz for Bank PO Preparation

9. The 'International Day of Yoga' is celebrated on which date?

• A. May 21
• B. June 21
• C. July 21
• D. April 21

10. Who is the author of the book 'The God of Small Things'?

• A. Arundhati Roy
• B. Chetan Bhagat
• C. Salman Rushdie
• D. Jhumpa Lahiri

11. The 'Statue of Unity' is dedicated to which Indian leader?

• A. Mahatma Gandhi
• B. Jawaharlal Nehru
• C. Sardar Vallabhbhai Patel
• D. Subhas Chandra Bose

12. Which of the following is the world's largest desert?

• A. Sahara Desert
• B. Antarctic Polar Desert
• C. Arabian Desert
• D. Gobi Desert

13. The 'Nobel Prize' in Economics is officially known as?

• A. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
• B. Alfred Nobel Memorial Prize in Economics
• C. Nobel Prize for Economics
• D. Swedish Bank Prize for Economics

14. 'ISRO' stands for?

• A. Indian Satellite Research Organization
• B. International Space Research Organization
• C. Indian Space Research Organisation
• D. Indian Scientific Research Organisation

15. Which planet is known as the 'Red Planet'?

• A. Venus
• B. Jupiter
• C. Mercury
• D. Mars

16. The 'United Nations' was founded in which year?

• A. 1945
• B. 1950
• C. 1939
• D. 1948

Current Affairs Questions for Bank PO Exams

17. India's first fully indigenous aircraft carrier, INS Vikrant, was commissioned in which year?

• A. 2021
• B. 2022
• C. 2020
• D. 2023

18. Which country recently became the first to land a spacecraft on the lunar South Pole?

• A. India
• B. USA
• C. Russia
• D. China

19. The 'G20 Summit 2023' was hosted by which country?

• A. Japan
• B. Brazil
• C. India
• D. Indonesia

20. Who won the 'Dadasaheb Phalke Award' for the year 2023?

• A. Amitabh Bachchan
• B. Rajinikanth
• C. Asha Parekh
• D. Waheeda Rehman

21. 'Aditya-L1' is a mission launched by ISRO to study which celestial body?

• A. Moon
• B. Mars
• C. Sun
• D. Jupiter

22. Who is the current Finance Minister of India?

• A. Nirmala Sitharaman
• B. Amit Shah
• C. Rajnath Singh
• D. S. Jaishankar

23. 'Operation Kaveri' was launched by India to rescue its citizens from which country?

• A. Ukraine
• B. Sudan
• C. Turkey
• D. Afghanistan

24. The 'PM Vishwakarma Scheme' is related to which of the following?

• A. IT professionals
• B. Farmers
• C. Women entrepreneurs
• D. Artisans and craftspeople

Banking Awareness MCQ Quiz with Answers

25. The 'Bad Bank' in India is officially known as?

• A. National Asset Reconstruction Company Ltd (NARCL)
• B. Indian Banks' Association (IBA)
• C. Asset Management Company (AMC)
• D. Debt Recovery Tribunal (DRT)

26. What does 'P-notes' stand for in the context of financial markets?

• A. Public Notes
• B. Preferred Notes
• C. Participatory Notes
• D. Payment Notes

27. The 'Mudra' scheme primarily aims to provide loans to which sector?

• A. Large Industries
• B. Micro and Small Enterprises
• C. Agriculture Sector
• D. Educational Loans

28. The 'RTGS' system has a minimum transfer amount of how much?

• A. ₹2,00,000
• B. ₹1,00,000
• C. ₹50,000
• D. No minimum limit

29. What is the full form of 'AML' in the banking sector?

• A. Asset Management and Lending
• B. Account Management and Liabilities
• C. Anti-Money Laundering
• D. Automated Money Lending

30. The 'Unified Payments Interface' (UPI) is an initiative of which organization?

• A. Reserve Bank of India (RBI)
• B. National Payments Corporation of India (NPCI)
• C. Ministry of Finance
• D. Indian Banks' Association (IBA)

31. The 'Basel Accords' are related to which of the following?

• A. International banking regulations
• B. Trade agreements
• C. Environmental protection
• D. Monetary policy

32. What is the full form of 'SFB' in the banking sector?

• A. State Finance Bank
• B. Structured Financial Bank
• C. Small Finance Bank
• D. Secured Financial Bank

Practice Questions for Bank PO Prelims and Mains

33. The 'Pradhan Mantri Jan-Dhan Yojana' is a scheme for what purpose?

• A. Financial inclusion
• B. Pension for senior citizens
• C. Crop insurance
• D. Employment generation

34. The 'World Bank' is headquartered in which city?

• A. New York
• B. Washington D.C.
• C. London
• D. Geneva

35. 'BRICS' is an association of which countries?

• A. Bangladesh, Russia, Indonesia, China, South Africa
• B. Brazil, Russia, India, Canada, South Africa
• C. Brazil, Russia, India, China, South Africa
• D. Britain, Russia, India, China, Spain

36. What is the main objective of 'PM-KISAN' scheme?

• A. Providing health insurance to farmers
• B. Providing crop loans to farmers
• C. Providing fertilizers to farmers
• D. Providing income support to farmers

37. What is the minimum paid-up capital for a Payments Bank in India?

• A. ₹100 Crore
• B. ₹50 Crore
• C. ₹200 Crore
• D. ₹500 Crore

38. The 'SWIFT' code is used for what purpose in banking?

• A. Domestic fund transfers
• B. International fund transfers
• C. ATM transactions
• D. Credit card payments

39. Which of the following is a direct tax?

• A. Goods and Services Tax (GST)
• B. Sales Tax
• C. Income Tax
• D. Excise Duty

40. The 'NITI Aayog' replaced which of the following?

• A. Planning Commission
• B. Finance Commission
• C. Law Commission
• D. Election Commission

Bank Exam GK Quiz for Competitive Exam Success

41. What is the current reverse repo rate as per the latest RBI monetary policy review?

• A. 4.00%
• B. 3.35%
• C. 6.25%
• D. It varies. Please check the latest RBI policy.

42. The 'Financial Stability Report' is published by which organization?

• A. Ministry of Finance
• B. Reserve Bank of India (RBI)
• C. State Bank of India
• D. NITI Aayog

43. What is the full form of 'IFSC' code?

• A. Indian Financial Security Code
• B. International Financial System Code
• C. Indian Financial System Code
• D. Indian Funds and Service Code

44. Who is the current President of the 'World Bank'?

• A. Ajay Banga
• B. David Malpass
• C. Kristalina Georgieva
• D. John C. Williams

45. The 'PM-JAY' scheme is related to which sector?

• A. Education
• B. Health
• C. Housing
• D. Employment

46. What is the maximum insurance coverage for a bank deposit as per DICGC rules?

• A. ₹1 lakh
• B. ₹2 lakhs
• C. ₹5 lakhs
• D. ₹10 lakhs

47. The 'Unified Payments Interface' (UPI) was launched in which year?

• A. 2016
• B. 2014
• C. 2018
• D. 2015

48. What is the 'ECGC' in the context of banking and trade?

• A. Export Credit and Guaranty Corporation
• B. European Credit and Guarantee Corporation
• C. Export and Currency Guarantee Committee
• D. Export Credit Guarantee Corporation

49. The 'Consumer Protection Act' was passed in which year?

• A. 1980
• B. 1986
• C. 1990
• D. 1995

50. The 'Special Drawing Rights' (SDR) are a type of international reserve asset created by which organization?

• A. World Bank
• B. Asian Development Bank
• C. International Monetary Fund (IMF)
• D. World Trade Organization (WTO)