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IBPS RRB PO Economy & Banking Awareness Questions
Practise economy & banking awareness (general awareness) for the IBPS RRB Officer Scale I Examination: 10 multiple-choice questions, each with the correct answer and a worked explanation. Click an option to check it, or “New questions” for another set.
Economy & Banking Awareness practice
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Q1.Stagflation is a combination of:
Show answer & explanation
Answer: B — Stagnant growth and high inflation
Stagflation = stagnant economic growth + high inflation + often high unemployment.
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Q2.Inflation that is very high and accelerating is called:
Show answer & explanation
Answer: B — Hyperinflation
Hyperinflation is extremely rapid price growth (often >50% a month).
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Q3.Which ratio measures a bank’s capital against its risk-weighted assets?
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Answer: B — CAR (CRAR)
Capital Adequacy Ratio = capital ÷ risk-weighted assets (Basel norms).
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Q4.What does GDP stand for?
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Answer: B — Gross Domestic Product
GDP measures the market value of final goods and services produced within a country.
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Q5.Which body regulates the securities market in India?
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Answer: C — SEBI
The Securities and Exchange Board of India (SEBI).
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Q6.A bear market is characterised by:
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Answer: B — Falling prices
A bear market is a sustained decline in asset prices (often 20% or more).
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Q7.The Goods and Services Tax (GST) in India was introduced on:
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Answer: A — 1 July 2017
GST was rolled out on 1 July 2017.
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Q8.The headquarters of the World Bank is in:
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Answer: D — Washington, D.C.
The World Bank Group is based in Washington, D.C.
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Q9.Which instrument is used for transferring money electronically in real time for large values in India?
Show answer & explanation
Answer: B — RTGS
RTGS settles individual large-value transactions in real time.
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Q10.A Non-Performing Asset (NPA) in India is a loan overdue for more than:
Show answer & explanation
Answer: A — 90 days
Under RBI norms a loan becomes an NPA when interest or principal is overdue for more than 90 days.
How to approach economy & banking awareness questions
Know what each regulator does (RBI, SEBI, IRDAI, PFRDA), the policy tools (repo, CRR, SLR) and the definitions behind GDP, inflation and fiscal deficit. Check current rates in the latest official releases.
About IBPS RRB PO
IBPS RRB Officer Scale I Examination — conducted by Institute of Banking Personnel Selection (IBPS). Recruits officers for Regional Rural Banks across India.
Original practice questions written for this site in the style and difficulty of each exam’s syllabus. They are not past papers and the site is not affiliated with any exam body. Exam patterns, marking schemes and syllabi change — always check the latest official notification.
IBPS RRB PO practice topics
| Topic | Section | Question source |
|---|---|---|
| Data Interpretation | Data interpretation | Calculated (new numbers every set) |
| Simple & Compound Interest | Quantitative aptitude | Calculated (new numbers every set) |
| Logical Reasoning | Reasoning | Calculated (new numbers every set) |
| English Grammar | English | Question bank |
| Economy & Banking Awareness | General awareness | Question bank |
| Computer Awareness | Computer knowledge | Question bank |