MPPSC Banking & Financial System — Previous Year Questions

Madhya Pradesh Public Service Commission has asked 10 questions on Banking & Financial System across 6 papers (2020–2026). 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.

1. 2026Q84The Financial Inclusion Index of Reserve Bank of India in March, 2024 was:Answer: A
2. 2026Q85India's foreign exchange reserve at the end of December, 2024 was:Answer: B
3. 2025Q31What is the primary objective of the Monetary Policy ?Answer: B
4. 2024Q31What was the lower ceiling of Statutory Liquidity Ratio (SLR) which was amended in 2007 by the Government of India?Answer: B
5. 2023Q84When was the NABARD established?Answer: C
6. 2023Q85When was the Small Industries Development Bank of India (SIDBI) established?Answer: A
7. 2023Q86How many banks were nationalized in India in 1980?Answer: B
8. 2022Q85In which year was the Reserve Bank nationalised?Answer: A
9. 2020Q9The Committee on Financial Sector Assessment is Co-chaired by whom?Answer: B
10. 2020Q10On which date, the Ombudsman Scheme for the Non-Banking Financial Companies (NBFC), 2018 was effectively introduced by Reserve Bank of India?Answer: D