CMAT PYQs for Money and Banking with Solutions: Practice CMAT Previous Year Questions

Senior Content Strategist | MBA Professional | Updated on - Jan 19, 2026

Money and Banking is an important topic in the General Awareness section in CMAT exam. Practising this topic will increase your score overall and make your conceptual grip on CMAT exam stronger.

This article gives you a full set of CMAT PYQs for Money and Banking with explanations for effective preparation. Practice of CMAT General Awareness PYQs including Money and Banking questions regularly will improve accuracy, speed, and confidence in the CMAT 2026 exam.

CMAT PYQs for Money and Banking with Solutions

1.
In India, how many banks were nationalised during Second Round of Nationalization in 1980?
- 5 Banks
- 6 Banks
- 7 Banks
- 8 Banks
View Solution
2.
India's first live Payments Bank was launched by
- Aditya Birla Idea
- Cholamandalam
- Bharti Airtel
- Paytm
View Solution
3.
The CRR in banking parlance means the following :
- Current Reserve Ratio
- Cash Reserve Ratio
- Custom Reserve Ratio
- Corporate Reserve Ratio
View Solution
4.
The responsibilities of establishing and maintaining astound and efficient Accounting and Financial Reporting system in India is vested in the hands of:
- RBI
- The Comptroller General of Accounts
- NITI AYOG
- Finance Ministry
View Solution
5.
If another global financial crisis happens in the near future, which of the following actions/ policies are most likely to give some immunity to India?
(A) Not depending on short-term foreign borrowings.
(B) Opening up to more foreign banks.
(C) Maintaining full capital account convertibility.
Choose the correct answer using the options given below:
- (A) only
- (C) only
- (A) & (B) only
- (A), (B) & (C)
View Solution
6.
On what does the dollar‐rupee exchange rate in India depend ?
- Demand‐supply equilibrium
- Monetary Policy of RBI
- Government control
- The stock market fluctuations
View Solution
7.
Which of the following is not mode of online money transfer in India through online banking ?
- NEFT
- RTGS
- IMPS
- IFSC
View Solution
8.
What is the full form of NPCI?
- Nano Center for Political Integration
- National Payments Corporation of India
- National Council Process Interaction
- National Public Control of India
View Solution

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CMAT PYQs for Money and Banking with Solutions

1.In India, how many banks were nationalised during Second Round of Nationalization in 1980?

2.India's first live Payments Bank was launched by

3.The CRR in banking parlance means the following :

4.The responsibilities of establishing and maintaining astound and efficient Accounting and Financial Reporting system in India is vested in the hands of:

6.On what does the dollar‐rupee exchange rate in India depend ?

7.Which of the following is not mode of online money transfer in India through online banking ?

8.What is the full form of NPCI?

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1.
In India, how many banks were nationalised during Second Round of Nationalization in 1980?

2.
India's first live Payments Bank was launched by

3.
The CRR in banking parlance means the following :

4.
The responsibilities of establishing and maintaining astound and efficient Accounting and Financial Reporting system in India is vested in the hands of:

6.
On what does the dollar‐rupee exchange rate in India depend ?

7.
Which of the following is not mode of online money transfer in India through online banking ?

8.
What is the full form of NPCI?