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Banking — Current Affairs Questions & Practice

Practise 20 Banking questions from Current Affairs for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong.

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Practice questions on Banking — with answers

Try each question first, then open the answer. Explanations are included.

1. In FY24, the RBI relocated how many metric tonnes of gold from the U.K. to Indian vaults in Mumbai and Nagpur, bringing domestic storage to approximately 50% of reserves?

A50 metric tonnes
B100 metric tonnes
C150 metric tonnes
D200 metric tonnes

Show answer

Answer: B

In FY24, the RBI relocated 100 metric tonnes of gold from the U.K. to Indian vaults in Mumbai and Nagpur, bringing domestic storage to approximately 50% of reserves.

2. SCORES 2.0, enhancing complaint resolution for investors in securities markets with auto-routing and improved user experience, was launched by which body?

ARBI
BSEBI
CNABARD
DIEA

Show answer

Answer: B

SEBI launched SCORES 2.0, enhancing complaint resolution for investors in securities markets, featuring auto-routing and improved user experience.

3. The Basel III Endgame, imposing stricter capital requirements on banks with assets exceeding $100 billion overseen by a committee established in 1974, primarily affects which sector?

AEnvironmental sector
BHealth sector
CAgricultural sector
DBanking sector

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Answer: D

The Basel III Endgame imposes stricter capital requirements on banks with assets exceeding $100 billion, affecting the banking sector.

4. Which institution implemented the revamped Integrated Ombudsman Scheme effective 2 July 2026, adopting a 'One Nation, One Ombudsman' framework for resolving customer complaints?

ASecurities and Exchange Board of India
BReserve Bank of India
CNational Bank for Agriculture and Rural Development
DInsurance Regulatory and Development Authority of India

Show answer

Answer: B

The Reserve Bank of India implemented the revamped Integrated Ombudsman Scheme effective 2 July 2026, adopting a 'One Nation, One Ombudsman' framework.

5. Which department launched the Unclaimed Assets Portal as a common platform for searching unclaimed financial assets across the financial ecosystem?

AReserve Bank of India
BDepartment of Financial Services
CNITI Aayog
DDepartment of Economic Affairs

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Answer: B

The Department of Financial Services launched the Unclaimed Assets Portal as a common platform for searching unclaimed financial assets across the financial ecosystem.

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Banking — Current Affairs Questions & Practice

Practice questions on Banking — with answers

1. In FY24, the RBI relocated how many metric tonnes of gold from the U.K. to Indian vaults in Mumbai and Nagpur, bringing domestic storage to approximately 50% of reserves?

2. SCORES 2.0, enhancing complaint resolution for investors in securities markets with auto-routing and improved user experience, was launched by which body?

3. The Basel III Endgame, imposing stricter capital requirements on banks with assets exceeding $100 billion overseen by a committee established in 1974, primarily affects which sector?

4. Which institution implemented the revamped Integrated Ombudsman Scheme effective 2 July 2026, adopting a 'One Nation, One Ombudsman' framework for resolving customer complaints?

5. Which department launched the Unclaimed Assets Portal as a common platform for searching unclaimed financial assets across the financial ecosystem?

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