Indian Economy Questions

Question 1: What is the name of India's central bank?

Answer: Reserve Bank of India (RBI)

Question 2: Who is the current Governor of the Reserve Bank of India (as of 2024)?

Answer: Shaktikanta Das

Question 3: What is the full form of ATM?

Answer: Automated Teller Machine

Question 4: Which was the first bank to be established in India?

Answer: Bank of Hindustan

Question 5: What is the primary function of commercial banks?

Answer: To accept deposits and provide loans

Question 6: What is the full form of NEFT?

Answer: National Electronic Funds Transfer

Question 7: Which committee recommended the establishment of NABARD?

Answer: B. Sivaraman Committee

Question 8: What is the full form of KYC?

 Indian Economy Questions

Answer: Know Your Customer

Question 9: Which bank is known as the 'Banker's Bank'?

Answer: Reserve Bank of India (RBI)

Question 10: What is a scheduled bank?

Answer: A bank that is included in the Second Schedule of the Reserve Bank of India Act, 1934

Question 11: What is the full form of IFSC?

Answer: Indian Financial System Code

Question 12: Which Indian bank was the first to introduce internet banking in India?

Answer: ICICI Bank

Question 13: What is the purpose of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Answer: To ensure access to financial services for all households in India

Question 14: What is the full form of RTGS?

Answer: Real-Time Gross Settlement

Question 15: Which bank is known as the largest public sector bank in India?

Answer: State Bank of India (SBI)

 Indian Economy Questions

Question 16: What is the full form of BCSBI?

Answer: Banking Codes and Standards Board of India

Question 17: Which Indian organization is responsible for insuring deposits in banks?

Answer: Deposit Insurance and Credit Guarantee Corporation (DICGC)

Question 18: What is the meaning of CRR in banking terms?

Answer: Cash Reserve Ratio

Question 19: Which is the apex bank for rural and agricultural development in India?

Answer: NABARD

Question 20: What is the primary objective of the Basel III norms?

Answer: To improve the regulation, supervision, and risk management within the banking sector