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RBI Grade B Economy & Banking Awareness Questions
Practise economy & banking awareness (general awareness) for the RBI Grade B Officer 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.CRR stands for:
Show answer & explanation
Answer: B — Cash Reserve Ratio
Banks must keep a share of deposits as cash with the central bank — the Cash Reserve Ratio.
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Q2.The headquarters of the World Bank is in:
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Answer: A — Washington, D.C.
The World Bank Group is based in Washington, D.C.
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Q3.Which body regulates the securities market in India?
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Answer: D — SEBI
The Securities and Exchange Board of India (SEBI).
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Q4.A cheque that is presented more than three months after its date is:
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Answer: D — Stale
In India a cheque is valid for three months; after that it is stale.
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Q5.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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Q6.UPI in India stands for:
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Answer: C — Unified Payments Interface
UPI, run by NPCI, enables instant bank-to-bank payments.
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Q7.Fiscal deficit refers to:
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Answer: B — Total expenditure minus total receipts excluding borrowings
Fiscal deficit = total expenditure − total receipts (excluding borrowings): the government’s borrowing requirement.
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Q8.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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Q9.Stagflation is a combination of:
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Answer: A — Stagnant growth and high inflation
Stagflation = stagnant economic growth + high inflation + often high unemployment.
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Q10.The Goods and Services Tax (GST) in India was introduced on:
Show answer & explanation
Answer: C — 1 July 2017
GST was rolled out on 1 July 2017.
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 RBI Grade B
RBI Grade B Officer Examination — conducted by Reserve Bank of India (RBI). Recruits officers to the Reserve Bank; Phase II tests economic & social issues and finance & management.
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.
RBI Grade B practice topics
| Topic | Section | Question source |
|---|---|---|
| Economy & Banking Awareness | General awareness | Question bank |
| Accounting & Finance | Finance | Calculated + question bank |
| Data Interpretation | Data interpretation | Calculated (new numbers every set) |
| Logical Reasoning | Reasoning | Calculated (new numbers every set) |
| English Grammar | English | Question bank |