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SBI Clerk Economy & Banking Awareness Questions
Practise economy & banking awareness (general awareness) for the SBI Junior Associate (Customer Support & Sales) 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: D — 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.What does GDP stand for?
Show answer & explanation
Answer: A — Gross Domestic Product
GDP measures the market value of final goods and services produced within a country.
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Q3.Which ratio measures a bank’s capital against its risk-weighted assets?
Show answer & explanation
Answer: C — CAR (CRAR)
Capital Adequacy Ratio = capital ÷ risk-weighted assets (Basel norms).
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Q4.Which body regulates the securities market in India?
Show answer & explanation
Answer: D — SEBI
The Securities and Exchange Board of India (SEBI).
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Q5.The ‘lender of last resort’ in an economy is usually the:
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Answer: C — Central bank
Central banks provide emergency liquidity to banks.
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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.Inflation that is very high and accelerating is called:
Show answer & explanation
Answer: A — Hyperinflation
Hyperinflation is extremely rapid price growth (often >50% a month).
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Q8.A cheque that is presented more than three months after its date is:
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Answer: A — Stale
In India a cheque is valid for three months; after that it is stale.
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Q9.Monetary policy is formulated in India by the:
Show answer & explanation
Answer: D — Monetary Policy Committee (MPC) of RBI
The six-member MPC sets the policy repo rate.
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Q10.A Non-Performing Asset (NPA) in India is a loan overdue for more than:
Show answer & explanation
Answer: B — 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 SBI Clerk
SBI Junior Associate (Customer Support & Sales) Examination — conducted by State Bank of India (SBI). Recruits Junior Associates for SBI branches; the local language test applies by state.
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.
SBI Clerk practice topics
| Topic | Section | Question source |
|---|---|---|
| Number System & Simplification | Quantitative aptitude | Calculated (new numbers every set) |
| Ratio, Ages & Mixtures | Quantitative aptitude | Calculated (new numbers every set) |
| Logical Reasoning | Reasoning | Calculated (new numbers every set) |
| English Grammar | English | Question bank |
| Vocabulary & Idioms | English | Question bank |
| Economy & Banking Awareness | General awareness | Question bank |