Daily GK Challenge

More practice: Indian Economy & Banking Awareness

5 more SSC CGL questions from the same chapter, with step-by-step solutions. Try each one, then reveal the answer.

1. Q1easy

   In which year was the Reserve Bank of India (RBI) established?

   • A1935
   • B1947
   • C1950
   • D1969
   Show answer & solution

   Correct answer: (A) 1935

   The Reserve Bank of India was established on 1 April 1935 under the RBI Act, 1934.

2. Q2medium

   Which is the largest public sector bank in India?

   • APunjab National Bank
   • BBank of Baroda
   • CCanara Bank
   • DState Bank of India
   Show answer & solution

   Correct answer: (D) State Bank of India

   The State Bank of India (SBI), formed in 1955, is the largest public sector bank in India by assets and branches.

3. Q3medium

   NABARD, the apex body for agriculture and rural credit, was established in which year?

   • A1969
   • B1975
   • C1982
   • D1991
   Show answer & solution

   Correct answer: (C) 1982

   The National Bank for Agriculture and Rural Development (NABARD) was set up on 12 July 1982.

4. Q4easy

   What is the financial (fiscal) year followed in India?

   • AJanuary to December
   • BApril to March
   • CJuly to June
   • DOctober to September
   Show answer & solution

   Correct answer: (B) April to March

   India's financial year runs from 1 April to 31 March.

5. Q5medium

   Which body is the regulator of the securities and stock market in India?

   • ASEBI
   • BRBI
   • CIRDAI
   • DNABARD
   Show answer & solution

   Correct answer: (A) SEBI

   The Securities and Exchange Board of India (SEBI) regulates the securities market; it gained statutory status in 1992.