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. Q2easy

   Where is the headquarters of the Reserve Bank of India located?

   • ANew Delhi
   • BKolkata
   • CMumbai
   • DChennai
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   Correct answer: (C) Mumbai

   The RBI's central office has been located in Mumbai since 1937.

3. Q3medium

   Which is the largest public sector bank in India?

   • APunjab National Bank
   • BBank of Baroda
   • CCanara Bank
   • DState Bank of India
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   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.

4. Q4medium

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

   • A1969
   • B1975
   • C1982
   • D1991
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   Correct answer: (C) 1982

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

5. Q5easy

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

   • AJanuary to December
   • BApril to March
   • CJuly to June
   • DOctober to September
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   Correct answer: (B) April to March

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