Entrance Exams
Govt. Exams
SI = (P × R × T) / 100 = (20,00,000 × 10.5 × 3) / 100 = ₹6,30,000. Total = ₹20,00,000 + ₹6,30,000 = ₹26,30,000. (Note: Verify option - should be ₹26,30,000 for correct answer)
As per RBI's latest monetary policy (2024), the reverse repo rate is set at 4.35%, 100 basis points below the repo rate of 6.5%.
Lower Cost-to-Income ratio (48% vs 52%) means lower operating costs relative to operating income, indicating better operational efficiency.
DICGC provides deposit insurance coverage of ₹5,00,000 per depositor per bank (increased from ₹1,00,000 in 2020).
RBI mandates 18% of net bank credit to agriculture sector as part of Priority Sector Lending guidelines for 2024.
Retail = 2,50,000 ÷ (2,50,000 + 3,50,000 + 1,50,000) × 100 = 2,50,000 ÷ 8,00,000 × 100 = 31.25%
Using A = P(1 + r/400)^n where P=50000, r=4, n=8 quarters: A = 50000(1.01)^8 = ₹54,120.25
A lower Net NPA ratio indicates fewer non-performing assets relative to total advances, showing better asset quality and credit risk management by the bank.
PMMY provides loans up to ₹10 lakh for micro and small enterprises without requiring collateral.
As of late 2024, RBI's repo rate is in the range of 6.25%-6.5% under the current monetary tightening cycle.