Entrance Exams
Govt. Exams
PMJDY provides zero-balance accounts, life insurance via Suraksha Bima, and overdraft facility but does NOT provide direct subsidies on deposits.
Average = (500 + 650 + 780) / 3 = 1930 / 3 = ₹643.33 crores
Repo Rate is the rate at which RBI provides liquidity to commercial banks through repurchase agreements. It is a key tool of monetary policy.
A = P(1+r/100)^n = 100000(1+7.5/100)^2 = 100000 × 1.155625 = ₹1,15,562.50. Closest to ₹1,15,625 with standard calculation.
Bank A has CAR of 15% vs Basel III minimum of 10.5%, giving a buffer of 4.5%. Bank B has only 1.5% buffer. Higher CAR indicates stronger capital position and lower risk.
Spread = Lending rate - Deposit rate = 9% - 6% = 3%
Failed transactions = 5,000 × 2% = 5,000 × 0.02 = 100 transactions
SI = (2,00,000 × 12 × 5)/100 = ₹1,20,000
DICGC (now DIGC) covers maximum ₹5 lakh per depositor per bank since May 2021
A debit in Current Account means the account holder is in overdraft and owes money to the bank