BPSC Banking & Financial System — Previous Year Questions

This page has 10 solved questions on Banking & Financial System across 3 papers (2023–2025). Every one is solved below — open a question for the answer, why it is right, and why each wrong option was written to tempt you.

BPSC's published Prelims syllabus does not name this as a separate field. These questions come under field 5 — "Indian Polity and Economy and major changes in the economy of Bihar in the post independence period".

1. 70th CCE Re-exam (2025)Q59Who is the Chairperson of GST Council ?Answer: B
2. 70th CCE Re-exam (2025)Q89The ratio of total deposits that a Commercial Banks must keep with Reserve Bank of India is calledAnswer: A
3. 70th CCE Re-exam (2025)Q125Which of the following is a function of Central Bank ?Answer: D
4. 70th CCE Re-exam (2025)Q131The expanded form of UPI isAnswer: A
5. 70th CCE (2024)Q45According to a CRISIL Rating report, how much is the corporate bond market expected to grow by Financial Year 2030 in India ?Answer: B
6. 70th CCE (2024)Q117According to the Reserve Bank of India (RBI), what is the forecast for headline inflation in Financial Year 2025 ?Answer: C
7. 70th CCE (2024)Q124What is the full form of CGTMSE ?Answer: C
8. 70th CCE (2024)Q141According to the Reserve Bank of India, what is one of the eligibility criteria for a Small Finance Bank (SFB) to transition into a Universal Bank ?Answer: C
9. 69th CCE (2023)Q111The Foreign Exchange Reserves (FER) of RBI include which of the following? 1. Foreign Currency Assets (FCA) 2. Gold 3. Special Drawing Rights (SDR) 4. Reserve Tranche Position Select the correct answer using the codes given below.Answer: D
10. 69th CCE (2023)Q115Consider the following statements regarding insolvency and bankruptcy : 1. Bankruptcy refers to a financial state in which an individual or entity is unable to pay off their debts as they become due. 2. Insolvency refers to a legal process, where the assets of the debtor are liquidated or reorganized for the benefit of creditors. 3. Bankruptcy is a state whereas insolvency is the conclusion. 4. The Insolvency and Bankruptcy Board of India (IBBI) is the regulatory body responsible for overseeing insolvency and bankruptcy proceedings. Which of the above statements is/are correct?Answer: C