Institute of Banking Personnel Selection8 Questions

General Awareness MCQs

Practice General Awareness multiple-choice questions for Institute of Banking Personnel Selection competitive exams. Each question includes the correct answer and a short explanation, and past-paper questions are marked so you can revise both repeated and fresh material in one place.

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Reserve Bank of India (RBI)

Institute of Banking Personnel Selection (IBPS)

State Bank of India (SBI)

National Bank for Agriculture and Rural Development (NABARD)

ExplanationIBPS is the autonomous body specifically set up to handle the selection of personnel for banks through the Common Recruitment Process.

Dr. Manmohan Singh

Dr. A. S. Deshpande

Shri Rajneesh Karnatak

Shri Harideesh Kumar B

ExplanationDr. Manmohan Singh served as the first Chairman of the Governing Board of IBPS.

Issuing currency

Selling groceries

Providing medical insurance

Constructing roads

ExplanationThe RBI is the central bank of India and is the sole authority responsible for issuing currency notes.

Companies Act, 2013

Societies Registration Act, 1860

Banking Regulation Act, 1949

RBI Act, 1934

ExplanationIBPS exists as a society registered under the Societies Registration Act, 1860, and as a public trust.

SBI

NABARD

NIBM

SEBI

ExplanationThe Personnel Selection Services (PSS) Unit was part of the National Institute of Bank Management (NIBM) before becoming an independent body in 1984.

Dr. Manmohan Singh

Dr. A. S. Deshpande

C. Rangarajan

Bimal Jalan

ExplanationDr. Manmohan Singh served as the first Chairman of the IBPS Governing Board while he was the Governor of the RBI.

To increase exam fees

To prevent organized crime and unfair means

To promote only online exams

To privatize all public services

ExplanationThis Act aims to curb malpractices and unfair means in public examinations conducted by authorized bodies like IBPS.

SEBI

IRDAI

PFRDA

RBI

ExplanationThe Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance sector.

Frequently Asked Questions

Are these General Awareness MCQs free?

Yes. Every General Awareness MCQ on this page is free to practice, including the correct answer and explanation.

Do these include past-paper questions?

Yes — questions sourced from past papers are clearly marked with a "Past Paper" badge, alongside fresh practice questions.

Which exams do these General Awareness MCQs help with?

They are aimed at Institute of Banking Personnel Selection and related Pakistani competitive exams that test General Awareness.

How should I practice subject-wise MCQs?

Attempt each question first, then reveal the answer and read the explanation. Short, focused sessions on one subject work better than long unstructured reading.