MCQs on Banking Acts & Reforms in India 

Q. The Reserve Bank of India was established under which Act? / भारतीय रिज़र्व बैंक किस अधिनियम के तहत स्थापित किया गया था?

A. Reserve Bank of India Act, 1934

B. Banking Regulation Act, 1949

C. Companies Act, 1956

D. Banking Companies Act, 1949

Answer: B. Reserve Bank of India Act, 1934

Q. The Banking Regulation Act was enacted in which year? / बैंकिंग रेगुलेशन अधिनियम कब लागू हुआ?

A. 1948

B. 1949

C. 1950

D. 1951

Answer: D. 1949

Q. Which Act governs the functioning of cooperative banks? / सहकारी बैंकों के संचालन को कौन सा अधिनियम नियंत्रित करता है?

A. Cooperative Societies Act

B. Banking Regulation Act

C. RBI Act

D. Companies Act

Answer: A. Cooperative Societies Act

Q. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act is abbreviated as? / एसेट सिक्योरिटाइजेशन और एनएफटी अधिनियम को किस संक्षिप्त नाम से जाना जाता है?

A. SARFAESI Act

B. BR Act

C. RBI Act

D. Companies Act

Answer: C. SARFAESI Act

Q. The Insolvency and Bankruptcy Code was enacted in which year? / दिवालियापन और दिवालियापन संहिता किस वर्ष लागू हुई?

A. 2015

B. 2016

C. 2017

D. 2018

Answer: A. 2016

Q. The Banking Ombudsman Scheme is a part of which institution? / बैंकिंग ऑम्बड्समैन योजना किस संस्था का हिस्सा है?

A. NABARD

B. RBI

C. SEBI

D. Ministry of Finance

Answer: D. RBI

Q. The Pradhan Mantri Jan Dhan Yojana was launched in which year? / प्रधानमंत्री जन धन योजना किस वर्ष शुरू हुई?

A. 2012

B. 2013

C. 2014

D. 2015

Answer: C. 2014

Q. The Narasimham Committee was associated with? / नरसिम्हा समिति किससे जुड़ी थी?

A. Tax reforms

B. Banking reforms

C. Insurance reforms

D. Financial literacy

Answer: C. Banking reforms

Q. The Banking Regulation Act empowers RBI to? / बैंकिंग रेगुलेशन अधिनियम RBI को क्या अधिकार देता है?

A. Issue licenses to banks

B. Audit government accounts

C. Control stock market

D. Manage insurance companies

Answer: A. Issue licenses to banks

Q. The FEMA Act deals with? / FEMA अधिनियम किससे संबंधित है?

A. Foreign Exchange Management

B. Domestic banking

C. Cooperative banks

D. Public sector banks

Answer: B. Foreign Exchange Management

Q. Which Act provides for the regulation of NBFCs? / NBFCs के नियमन के लिए कौन सा अधिनियम है?

A. RBI Act

B. Companies Act

C. Banking Regulation Act

D. SEBI Act

Answer: C. RBI Act

Q. The Banking Regulation (Amendment) Act 2020 empowers RBI to? / बैंकिंग रेगुलेशन (संशोधन) अधिनियम 2020 RBI को क्या अधिकार देता है?

A. Issue directions to banks

B. Control stock exchanges

C. Manage insurance companies

D. Audit companies

Answer: A. Issue directions to banks

Q. The KYC norms are mandated by? / KYC नियम किसके द्वारा लागू किए गए हैं?

A. RBI

B. SEBI

C. IRDAI

D. Ministry of Finance

Answer: C. RBI

Q. The Banking Ombudsman Scheme was introduced in which year? / बैंकिंग ऑम्बड्समैन योजना किस वर्ष शुरू हुई?

A. 1995

B. 1996

C. 1997

D. 1998

Answer: D. 1995

Q. The Sarfaesi Act allows banks to? / सरफैसी अधिनियम बैंकों को क्या अधिकार देता है?

A. Recover dues without court intervention

B. Provide loans to individuals

C. Regulate stock market

D. Issue banking licenses

Answer: B. Recover dues without court intervention

Q. The Narasimham Committee (1991) recommended? / नरसिम्हा समिति (1991) ने क्या सिफारिश की थी?

A. Strengthening bank capital

B. Tax reforms

C. Insurance regulation

D. GST implementation

Answer: C. Strengthening bank capital

Q. The RBI Act governs? / RBI अधिनियम किसको नियंत्रित करता है?

A. Monetary policy and currency issuance

B. Stock market regulation

C. Insurance sector

D. Cooperative banks

Answer: A. Monetary policy and currency issuance

Q. The Deposit Insurance and Credit Guarantee Corporation (DICGC) protects? / जमा बीमा और क्रेडिट गारंटी निगम (DICGC) किसकी सुरक्षा करता है?

A. Depositors

B. Bank employees

C. Shareholders

D. NBFCs

Answer: A. Depositors

Q. The Insolvency and Bankruptcy Code (IBC) replaced which earlier law? / दिवालियापन और दिवालियापन संहिता ने कौन सा पूर्व कानून बदल दिया?

A. Sick Industrial Companies Act (SICA)

B. Companies Act

C. Banking Regulation Act

D. RBI Act

Answer: A. Sick Industrial Companies Act (SICA)

Q. The Pradhan Mantri Mudra Yojana (PMMY) was launched in? / प्रधानमंत्री मुद्रा योजना किस वर्ष शुरू हुई?

A. 2015

B. 2016

C. 2014

D. 2017

Answer: A. 2015

Q. The Narasimham Committee (1998) focused on? / नरसिम्हा समिति (1998) का मुख्य ध्यान था?

A. Banking sector reforms

B. Taxation

C. Insurance sector

D. Stock exchanges

Answer: B. Banking sector reforms

Q. The RBI (Amendment) Act, 2017 allowed RBI to? / RBI (संशोधन) अधिनियम 2017 RBI को क्या अधिकार देता है?

A. Issue directions to banks

B. Regulate NBFCs

C. Control SEBI

D. Issue currency notes

Answer: A. Issue directions to banks

Q. Priority Sector Lending (PSL) norms are mandated by? / प्राथमिक क्षेत्र ऋण (PSL) नियम किसके द्वारा लागू किए गए हैं?

A. RBI

B. SEBI

C. IRDAI

D. Ministry of Finance

Answer: A. RBI

Q. The SARFAESI Act is related to which sector? / SARFAESI अधिनियम किस क्षेत्र से संबंधित है?

A. Banking

B. Insurance

C. Stock market

D. Cooperative societies

Answer: A. Banking

Q. The Banking Regulation Act was first enacted in? / बैंकिंग रेगुलेशन अधिनियम पहली बार कब लागू हुआ?

A. 1949

B. 1950

C. 1948

D. 1952

Answer: A. 1949

Q. The RBI Monetary Policy is announced how many times a year? / RBI मौद्रिक नीति साल में कितनी बार घोषित करता है?

A. Six

B. Four

C. Two

D. Twelve

Answer: B. Six

Q. The Financial Resolution and Deposit Insurance (FRDI) Bill was proposed in? / FRDI बिल कब प्रस्तावित किया गया था?

A. 2016

B. 2017

C. 2018

D. 2015

Answer: D. 2016

Q. The Banking Regulation (Amendment) Act 2020 was passed for? / बैंकिंग रेगुलेशन (संशोधन) अधिनियम 2020 क्यों पारित किया गया?

A. Strengthening RBI powers

B. Regulating SEBI

C. Insurance reforms

D. GST implementation

Answer: A. Strengthening RBI powers

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