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. Q1hard

   Who was the first Indian Governor of the Reserve Bank of India?

   • AOsborne Smith
   • BC. D. Deshmukh
   • CBenegal Rama Rau
   • DC. Rangarajan
   Show answer & solution

   Correct answer: (B) C. D. Deshmukh

   C. D. Deshmukh became the first Indian Governor of the RBI in 1943; Sir Osborne Smith was the first Governor overall.

2. Q2easy

   The term 'repo rate' refers to the rate at which:

   • ABanks pay interest on savings deposits
   • BBanks lend money to customers
   • CThe government borrows from the public
   • DThe RBI lends money to commercial banks
   Show answer & solution

   Correct answer: (D) The RBI lends money to commercial banks

   The repo rate is the rate at which the RBI lends short-term funds to commercial banks against securities.

3. Q3medium

   Which is the oldest stock exchange in Asia?

   • ANational Stock Exchange
   • BBombay Stock Exchange
   • CCalcutta Stock Exchange
   • DMadras Stock Exchange
   Show answer & solution

   Correct answer: (B) Bombay Stock Exchange

   The Bombay Stock Exchange (BSE), established in 1875, is the oldest stock exchange in Asia.

4. Q4medium

   'Sensex' is the benchmark index of which stock exchange?

   • ANSE
   • BMCX
   • CBSE
   • DNCDEX
   Show answer & solution

   Correct answer: (C) BSE

   The Sensex tracks 30 companies listed on the Bombay Stock Exchange (BSE); the Nifty is the NSE's index.

5. Q5hard

   How many major commercial banks were nationalised in India in 1969?

   • A6
   • B8
   • C14
   • D20
   Show answer & solution

   Correct answer: (C) 14

   Fourteen major commercial banks were nationalised on 19 July 1969; another six were nationalised in 1980.