SBI Apprentice Examination – Practice Test

General / Financial Awareness — Practice Test 

Practice Test  

Instructions:

• Each test contains 25 objective-type (MCQ) questions carrying 1 mark each.
• Time allotted for each test is 15 minutes. There is no negative marking unless specified by the actual exam pattern.
• Attempt the questions first without looking at the answer key placed at the end of each test.
• These sets cover Banking Awareness, Financial Awareness, Government Schemes, Institutions, and Current Affairs (updated to mid-2026) — key focus areas for the SBI Apprentice exam.

TEST 1: Banking Awareness — RBI & SBI

Number of Questions: 25   |   Maximum Marks: 25   |   Duration: 15 Minutes

1.When was the Reserve Bank of India (RBI) established?

(A) 1 April 1935

(B) 26 January 1950

(C) 15 August 1947

(D) 1 July 1955

2.Under which Act was the RBI established?

(A) Banking Regulation Act, 1949

(B) RBI Act, 1934

(C) Companies Act, 1956

(D) SBI Act, 1955

3.Who was the first Governor of the Reserve Bank of India?

(A) C.D. Deshmukh

(B) Sir Osborne Smith

(C) Raghuram Rajan

(D) Benegal Rama Rau

4.In which year was the RBI nationalised?

(A) 1935

(B) 1949

(C) 1955

(D) 1969

5.Who is the current Governor of the Reserve Bank of India?

(A) Shaktikanta Das

(B) Urjit Patel

(C) Sanjay Malhotra

(D) Raghuram Rajan

6.Where is the head office of the RBI located?

(A) New Delhi

(B) Mumbai

(C) Kolkata

(D) Chennai

7.The RBI is popularly known as the:

(A) Government’s Bank

(B) Banker’s Bank

(C) People’s Bank

(D) Common Man’s Bank

8.As of the latest Monetary Policy Committee (MPC) review in 2026, the repo rate stands at:

(A) 6.50%

(B) 5.25%

(C) 4.00%

(D) 5.50%

9.What is the current Reverse Repo Rate maintained by the RBI?

(A) 3.35%

(B) 5.25%

(C) 5.50%

(D) 5.00%

10.The Standing Deposit Facility (SDF) rate currently stands at:

(A) 5.50%

(B) 5.00%

(C) 3.35%

(D) 4.75%

11.The current Marginal Standing Facility (MSF) rate and Bank Rate stand at:

(A) 5.25%

(B) 5.00%

(C) 5.50%

(D) 6.00%

12.The RBI reduced the Cash Reserve Ratio (CRR) in 2025 to:

(A) 4%

(B) 3%

(C) 5%

(D) 3.5%

13.How many members does the Monetary Policy Committee (MPC) of the RBI have?

(A) 4

(B) 5

(C) 6

(D) 7

14.Who chairs the Monetary Policy Committee (MPC)?

(A) Finance Minister

(B) RBI Governor

(C) Deputy Governor

(D) Finance Secretary

15.State Bank of India (SBI) was established on:

(A) 1 July 1955

(B) 1 April 1935

(C) 15 August 1947

(D) 1 January 1969

16.Where is the head office of the State Bank of India located?

(A) New Delhi

(B) Kolkata

(C) Mumbai

(D) Hyderabad

17.Who is the current Chairman of the State Bank of India?

(A) Dinesh Kumar Khara

(B) Rajnish Kumar

(C) Challa Sreenivasulu Setty

(D) Arundhati Bhattacharya

18.State Bank of India is the successor of which bank?

(A) Bank of Hindustan

(B) Imperial Bank of India

(C) Punjab National Bank

(D) Allahabad Bank

19.SBI was constituted under which Act?

(A) RBI Act, 1934

(B) SBI Act, 1955

(C) Banking Companies Act, 1949

(D) Companies Act, 1956

20.In 2017, how many associate banks were merged into SBI?

(A) 3

(B) 4

(C) 5

(D) 6

21.In which year did the first phase of bank nationalisation take place, covering 14 major banks?

(A) 1955

(B) 1969

(C) 1980

(D) 1991

22.The second phase of bank nationalisation, covering 6 banks, took place in:

(A) 1969

(B) 1975

(C) 1980

(D) 1991

23.Which was the first bank founded entirely by Indians?

(A) Bank of Hindustan

(B) Punjab National Bank

(C) Imperial Bank of India

(D) Allahabad Bank

24.The origins of the State Bank of India can be traced back to which bank founded in 1806?

(A) Bank of Bengal (Bank of Calcutta)

(B) Bank of Bombay

(C) Bank of Madras

(D) Bank of Hindustan

25.The Lead Bank Scheme, aimed at coordinated banking development at the district level, was introduced in:

(A) 1955

(B) 1969

(C) 1980

(D) 1991

Answer Key — TEST 1: Banking Awareness — RBI & SBI