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RBI GK Questions 2026

The static part of RBI exams is mostly economics and finance. The Grade B advertisement lists the syllabus of Paper-I, Economic and Social Issues: growth and development, national income, poverty and employment, sustainable development, the Indian economy since the reforms of 1991, money and financial markets, the role of banks and the Reserve Bank, public finance, agriculture, industry and services, the balance of payments, the IMF, the World Bank and the WTO, and India's social structure. Paper-III, General Finance and Management, adds the functions of the RBI, the banking system, SIDBI, EXIM Bank, NABARD, NHB and NaBFID, financial markets, financial inclusion, the Union Budget and inflation. These topics also feed the General Awareness tests of Grade B Phase-I and the Assistant Main, alongside static facts such as the heads and headquarters of institutions. This page holds GK24's topic-wise GK notes for RBI exams, written as short facts and tables so that a topic can be revised in one sitting, in English and Hindi. Read a topic, then solve its quiz and previous-year questions on this site to check what you retained. For the descriptive part of ESI, turn each note into a one-page answer outline.

RBI GK Questions with Answers

Q801.Banking & Financial AwarenessAsked in: Delhi · 9 Sept 2018Easy

Which one of these are consumer rights specified in the Consumer Protection Act, 1986?

  1. A.Right to safety
  2. B.Right to choose
  3. C.Right to Consumer education
  4. D.All of the above
Show answer
Correct answer: D. All of the above

The consumer protection law recognises six rights, and the three named in the options are among them: the right to safety, that is protection against goods and services hazardous to life and property; the right to choose from a range of goods and services at competitive prices; and the right…

Q803.Banking & Financial AwarenessHard

Which of these is one of the five rights in the Reserve Bank's Charter of Customer Rights, 2014?

  1. A.Right to Suitability
  2. B.Right to Free Credit
  3. C.Right to Minimum Balance Waiver
  4. D.Right to Unlimited Withdrawals
Show answer
Correct answer: A. Right to Suitability

The Charter of Customer Rights issued by the Reserve Bank in 2014 lists five rights: the Right to Fair Treatment, the Right to Transparency, Fair and Honest Dealing, the Right to Suitability, the Right to Privacy, and the Right to Grievance Redress and Compensation.

Q805.Banking & Financial AwarenessMedium

Which of the following complaints is outside the scope of the RBI Ombudsman?

  1. A.Delay in crediting a failed ATM transaction
  2. B.A bank's refusal to sanction a loan as a matter of commercial judgement
  3. C.Non-adherence to the declared cheque collection policy
  4. D.Levy of charges without prior notice to the customer
Show answer
Correct answer: B. A bank's refusal to sanction a loan as a matter of commercial judgement

The Ombudsman decides whether there was a deficiency in service, not whether a lending decision was wise; a bank's commercial judgement, including whether to grant a loan and on what terms, is expressly outside the scheme, as are disputes between banks and a bank's own staff and recruitment matters.

Q806.Banking & Financial AwarenessMedium

A customer may approach the RBI Ombudsman only after complaining to the bank and waiting how long for a reply?

  1. A.7 days
  2. B.15 days
  3. C.30 days
  4. D.60 days
Show answer
Correct answer: C. 30 days

The scheme makes the bank the first forum: a complaint is maintainable before the Ombudsman only if the customer has already complained to the regulated entity and either received no reply for thirty days or received a reply he is not satisfied with, or had the complaint rejected.

Q807.Banking & Financial AwarenessHard

Who is the Appellate Authority against an Award passed under the Reserve Bank - Integrated Ombudsman Scheme?

  1. A.The Governor of the Reserve Bank of India
  2. B.The Executive Director in charge of the Consumer Education and Protection Department, RBI
  3. C.The Secretary, Department of Financial Services
  4. D.The National Consumer Disputes Redressal Commission
Show answer
Correct answer: B. The Executive Director in charge of the Consumer Education and Protection Department, RBI

Either the complainant or the regulated entity may appeal to this officer within thirty days of receiving the Award, and a regulated entity that failed to appoint a Principal Nodal Officer cannot appeal at all.

Q809.Banking & Financial AwarenessMedium

Under the Reserve Bank - Integrated Ombudsman Scheme, 2021, the Centralised Receipt and Processing Centre for complaints is located at:

  1. A.Mumbai
  2. B.New Delhi
  3. C.Chandigarh
  4. D.Hyderabad
Show answer
Correct answer: C. Chandigarh

The integrated scheme is jurisdiction neutral, so a complaint no longer has to be sent to the ombudsman office of a particular region; all complaints, whether filed online, by email or on paper, are received and processed at a single Centralised Receipt and Processing Centre set up at Chandigarh, which…

Q810.Banking & Financial AwarenessMedium

The Reserve Bank - Integrated Ombudsman Scheme, which merged three earlier ombudsman schemes, was launched in which year?

  1. A.2017
  2. B.2018
  3. C.2019
  4. D.2021
Show answer
Correct answer: D. 2021

The Reserve Bank - Integrated Ombudsman Scheme, or RB-IOS, was launched on 12 November 2021 and merged the Banking Ombudsman Scheme of 2006, the Ombudsman Scheme for Non-Banking Financial Companies of 2018 and the Ombudsman Scheme for Digital Transactions of 2019 into a single scheme on the principle of one…

Q812.Banking & Financial AwarenessHard

For a loan to an individual household for a renewable energy installation, the priority sector ceiling is

  1. A.5 lakh rupees
  2. B.10 lakh rupees
  3. C.35 lakh rupees
  4. D.35 crore rupees
Show answer
Correct answer: B. 10 lakh rupees

Under the renewable energy category a bank may lend up to 35 crore rupees to a borrower for a solar, biomass, wind, micro-hydel or non-conventional energy project, and for an individual household the ceiling is 10 lakh rupees, which is what a rooftop solar system or a small biogas plant…

Q814.Banking & Financial AwarenessHard

Priority sector targets are computed as a percentage of

  1. A.Total deposits of the bank
  2. B.Adjusted Net Bank Credit or the Credit Equivalent of Off-Balance Sheet Exposure, whichever is higher
  3. C.Net profit of the bank
  4. D.Paid-up capital and reserves of the bank
Show answer
Correct answer: B. Adjusted Net Bank Credit or the Credit Equivalent of Off-Balance Sheet Exposure, whichever is higher

The base is deliberately a credit figure and not a deposit figure, because the obligation is about where a bank lends.

Q815.Banking & Financial AwarenessMedium

Which of the following is not counted under weaker sections for priority sector purposes?

  1. A.Self-help groups
  2. B.Persons with disabilities
  3. C.A medium enterprise with a turnover of 200 crore rupees
  4. D.Scheduled Castes and Scheduled Tribes
Show answer
Correct answer: C. A medium enterprise with a turnover of 200 crore rupees

Weaker sections is an overlapping head that counts the borrower rather than the activity, and the Directions list small and marginal farmers, artisans with a credit limit up to two lakh rupees, beneficiaries of government sponsored schemes, Scheduled Castes and Scheduled Tribes, beneficiaries of the differential rate of interest scheme…

Q816.Banking & Financial AwarenessMedium

What is the standard lot size of a Priority Sector Lending Certificate?

  1. A.1 lakh rupees and multiples thereof
  2. B.10 lakh rupees and multiples thereof
  3. C.25 lakh rupees and multiples thereof
  4. D.1 crore rupees and multiples thereof
Show answer
Correct answer: C. 25 lakh rupees and multiples thereof

Priority Sector Lending Certificates were introduced in 2016 so that a bank which has lent beyond its target can sell the excess achievement to a bank that has fallen short.

Q817.Banking & Financial AwarenessEasy

The shortfall in priority sector lending by a bank is deposited in the Rural Infrastructure Development Fund maintained with

  1. A.NABARD
  2. B.SEBI
  3. C.The Reserve Bank of India
  4. D.The Ministry of Finance
Show answer
Correct answer: A. NABARD

A bank that falls short of its priority sector target is not fined; it is required to place the shortfall in the Rural Infrastructure Development Fund kept with the National Bank for Agriculture and Rural Development, or in the funds notified with SIDBI, the National Housing Bank and MUDRA, and…

Q818.Banking & Financial AwarenessMedium

An education loan to an individual qualifies as priority sector lending up to a limit of

  1. A.10 lakh rupees
  2. B.20 lakh rupees
  3. C.25 lakh rupees
  4. D.50 lakh rupees
Show answer
Correct answer: C. 25 lakh rupees

Under the 2025 Directions a loan to an individual for educational purposes, including a vocational course, is classified as priority sector lending so long as it does not exceed 25 lakh rupees; the ceiling applies to the loan, not to the fee or the course.

Q819.Banking & Financial AwarenessMedium

The priority sector target for a regional rural bank is

  1. A.40 per cent of Adjusted Net Bank Credit
  2. B.60 per cent of Adjusted Net Bank Credit
  3. C.75 per cent of Adjusted Net Bank Credit
  4. D.100 per cent of Adjusted Net Bank Credit
Show answer
Correct answer: C. 75 per cent of Adjusted Net Bank Credit

A regional rural bank is set up under the Regional Rural Banks Act, 1976 to serve farmers, farm labourers and rural artisans, so the Reserve Bank asks it for a much higher share than it asks of a commercial bank: 75 per cent to the priority sector, with 18 per…