When Indian Banking Act came into force?

1949.(Previous Year PSC Question – Junior Clerk Cooperative Service Exam Board, 2014, Junior Clerk, Primary Co-operative Banks, 2016,Lab Technical Assistant, Banking Assistance(VHSE) 2015)

1964.(Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)

Total number of Nationalized Banks in India

12.*(Previous Year PSC Question – Civil Excise Officer(Women Excise Guard), 2014)

How many Banks were first Nationalized

14.(Previous Year PSC Question – Junior Clerk Cooperative Service Exam Board, 2014, Laboratory Technical Assistant – Banking Assistance(VHSE) 2015)

The year in which the fourteen Indian Commercial Banks were nationalized

1969.(Previous Year PSC Questions: Junior Instructor(Electrician), Industrial Training, 2017)

Export Import Bank of India was set up in 1982 as a wholly-owned undertaking of the

Government of India.(Previous Year PSC Question – Assistant Manager (F& A), Kerala State Co-operative Consumer’s Federation Ltd, 2014)

The oldest stock bank in India

Allahabad Bank.(Previous Year PSC Question – Forester (Section Forest Officer)/ Civil Excise Officer, 2019)

The first Mahila bank of the country named Bharatiya Mahila Bank was inaugurated in

2013.(Previous Year PSC Question – Assistant Manager (F& A), Kerala State Co-operative Consumer’s Federation Ltd, 2014)

2020ഏപ്രിൽ 1-ലെ ബാങ്ക് ലയനത്തിൽ പഞ്ചാബ് നാഷണൽ ബാങ്കിൽ ലയിച്ച ബാങ്കുകൾ ഏതൊക്കെയാണ് ?

ഓറിയന്റൽ ബാങ്ക് ഓഫ് കോമേഴ്സും യുണൈറ്റഡ് ബാങ്ക് ഓഫ് ഇന്ത്യയും

In banking ATM stands for

Automatic Teller Machine.PIN banking terminology means –Personal Identification Number.IFSC in banking terminology means –Indian Financial System Code

Alphanumeric code that identifies a bank-branch participating in the interbank electronic fund transfer

IFSC.(Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)

In Banking, LBS refers to

Lead Bank Scheme.(Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)

The assets of the bank which does not generate any income

Non-Performing Asset.(Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)

What is ASBA in E-invest?

Applications supported by Blocked Amount.(Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)CORE in CORE Banking stands for –Centralized Online Real-time Exchange

The CORE banking Services includes:(i) To make balance enquiries(ii) To withdraw cash from the account by tendering a cheque(iii) To obtain settlement of account(iv) To transfer fund(A) (i) only (B) (ii) and (iii) only(C) (iii) only(D) (i), (ii), (iii) and (iv)NEFT and RTGS in banking terminology speaks of

Electronic Fund transfer from bank to bank

In E-Banking RTGS stands for

Real-Time Gross Settlement.(Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)

In RTGS, UTR number is a

Character code used to identify a transaction–22

Consider the following statements.(Previous Year PSC Questions – Clerk/Cashier, Kerala Bank, 2024)(A) The processing speed of NEFT is faster than IMPS(B) There’s no maximum transfer limit in RTGS(C) Immediate mobile Payment Service is the full form of IMPS(D) All are correctWhich Code is necessary for transferring fund from India to abroad?

SWIFT.(Previous Year PSC Question – (Accountant (KSIE), 2024)SWIFT stands for –Society for Worldwide Interbank Financial Telecommunications.CAmElS Rating of Banks means –Capital adequacy, Asset quality, management capability, Earnings, liquidity and Sensitivity to market risk

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

Who is the signatory on the one rupee note of India?

Finance Secretary of Ministry of Finance.(Previous Year PSC Question – Excise Guard /Women Excise Guard, Excise (Palakad, Thrissur), 2014)

Headquarter’s of Asian Development Bank

Manila, Philippines.(Previous Year PSC Question – Excise Guard /Women Excise Guard, Excise (Palakad, Thrissur), 2014, Junior Clerk, Primary Co-operative Banks, 2016)

Kerala Infrastructure Investment Fund Board.(Previous Year PSC Questions: Assistant Manager(Production)-Pharmaceutical Corporation(IM) Kerala Ltd, 2019)

Kerala Gramin Bank Sponsored by

Canara Bank.(PreviousYear PSC Question – Laboratory Technical Assistant – Banking Assistance(VHSE) 2015)

PSC Repeated Questions on Banking & Finance

Aug 2020|🟡Review|15 min read|80 questions

India Indian Economy Kerala Kerala Economy Repeated PSC Questions

Key Takeaway

his post lists some of the previous years' repeated PSC questions and answers on 'Banking & Finance.'

Last verified: 12 Feb 2026·Source: www.pscarivukal.com·Next review: Review recommended

PSC Repeated Questions on Banking & Finance

Key Takeaway

History(18 questions)

Banking Terminologies(14 questions)

- (C) 1, 2 and 3 only(D) All of them(8 questions)

- (A) The National Credit Council was established in 1967(2 questions)

- (D) Deregulation of interest rates(8 questions)

Banking Instruments(5 questions)

Banking Schemes(6 questions)

Major Banks of India(7 questions)

State Bank of India(4 questions)

NABARD(6 questions)

Payment Banks(2 questions)

Test Your Knowledge

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PSC Repeated Questions on Reserve Bank of India (RBI)

First of Banks: The Banking History of India

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Reserve Bank of India (RBI)

Coal Mines of India

High Yielding Varieties of Seeds

PSC Repeated Questions on Banking & Finance

Key Takeaway

History(18 questions)

1The first bank in Kerala is

2Name the first private bank in Kerala

3Sri. Appu Nedungadi is the founder of Kerala's first Private Bank, "Nedungadi Bank". Later the bank is merged with _________

4When Indian Banking Act came into force?

5In 1955, Imperial Bank of India was nationalized and renamed as

6IDBI established in

7Total number of Nationalized Banks in India

8How many Banks were first Nationalized

9The year in which the fourteen Indian Commercial Banks were nationalized

10The 14 major Indian banks were nationalized during which five-year plan

11Which of the following institutions was established under an act of parliament in 1988?

12National Housing Bank established during the

13Export Import Bank of India was set up in 1982 as a wholly-owned undertaking of the

14The oldest stock bank in India

15The first Bank in India got the ISO certificate

16The first Mahila bank of the country named Bharatiya Mahila Bank was inaugurated in

17The Government of India proposed the merger of how many banks to create India’s third-largest Bank?

182020ഏപ്രിൽ 1-ലെ ബാങ്ക് ലയനത്തിൽ പഞ്ചാബ് നാഷണൽ ബാങ്കിൽ ലയിച്ച ബാങ്കുകൾ ഏതൊക്കെയാണ് ?

Banking Terminologies(14 questions)

19KYC in banking terminology means

20In banking ATM stands for

21Alphanumeric code that identifies a bank-branch participating in the interbank electronic fund transfer

22In Banking, LBS refers to

24The assets of the bank which does not generate any income

25What is ASBA in E-invest?

26What is regarded as the hub or back-end system that connects the various branches of a bank to process transactions and enable operations?

27Choose the most appropriate answer.(Previous Year PSC Question

29In E-Banking RTGS stands for

30In RTGS, UTR number is a

32Expand ‘SARFAESI'

- (C) 1, 2 and 3 only(D) All of them(8 questions)

33The study and collection of paper currency and banknotes is

34Banknote of one rupee issued by

35Who is the signatory on the one rupee note of India?

36Where is the headquarters of World Bank?

37Headquarter’s of Asian Development Bank

38BRICS leaders signed the agreement to establish a New Development Bank at the summit held in

39The headquarter of the New Development Bank is in

40Who among the following is the first Chairman of the New Development Bank (NDB)

- (A) The National Credit Council was established in 1967(2 questions)

41_____ Banks are also known as Investment Banks

42Name the robot has been introduced by Kumbakonam based City Union Bank to Improve customer Service

- (D) Deregulation of interest rates(8 questions)

43KIIFB stands for

44____ was appointed to study about there organization of the Co-operative banking system in Kerala

45The Kerala State Co-operative Bank was focused in the year

46Kerala Gramin Bank Sponsored by

47Whose credit card is SAMRIDHI CARD?

48Which social reformer of Kerala started an Agricultural Bank namely “Uralunkal Aikyananya Sangham”?

49The Author of ”People's bank for Northern India” is

50എത്ര ജില്ലാ സഹകരണ ബാങ്കുകളെ സംയോജിപ്പിച്ചാണ് കേരളം കോ-ഓപ്പറേറ്റീവ് ലിമിറ്റഡ് രൂപീകരിച്ചത്?

Banking Instruments(5 questions)

51Negotiable Instrument Act was passed in

52Holidays are declared to banks under

53Essential characteristics of a negotiable instrument is/are –(Previous Year PSC Questions: Clerk/Cashier, Kerala Bank, 2024)(A) Title (B) Right to sue(C) Both (A) and (B)(D) None of the aboveWhich of the following is not considered as a Bill of Exchange drawn on a banker?

55Which of the following factors can directory affect the Credit Creation ability of the banks?

Banking Schemes(6 questions)

56The Prime Minister’s Scheme ‘Bank Account for All’ is known as

57______ is issued by Indian public sector banks to the farmers of India

58The ‘Rupay’ card dedicated to India by honorable President of India, Pranab Mukherjee at Rashtrapati Bhavan on

59Indian Domestic Card Scheme ‘Rupay’ conceived and launched by

60In 1999, the Government of India started __________ to promote self-employment in rural areas by developing and skilling SHGs

61__________ is a social security scheme implemented by the Government of India, which provides risk coverage of Rs. 2 Iakh for accidental death and full disability and Rs. 1 lakh for partial disability

Major Banks of India(7 questions)

62The bank set up with the aim of giving a boost to the country’s export and import

63Principal Financial Institution for the promotion financing and development of Small Scale Industries

64The headquarters of SIDBI is at

65The headquarters of Small Industrial Development Bank of India (SIDBI) is located at

66Mudra Bank was launched by Prime Minister on

67Creation of Micro Units Development Refinance Agency (MUDRA) Bank was announced with the corpus of

68Following statements are on Small Finance Banks. Identify the wrong statement.(Previous Year PSC Questions

State Bank of India(4 questions)

69Imperial Bank of India is now known as

70Largest public sector bank in India

71SBI associate banks were nationalized on

72Name the first woman head of the State Bank of India

NABARD(6 questions)