Bank PO / Clerk / RBI — Banking Awareness
PO, Clerk, RRB — Quantitative, Reasoning, GK
6 Questions 5 Topics Take Test
Advertisement
Showing 1–6 of 6 questions in Banking Awareness
Which of the following IS a characteristic of a Scheduled Bank as per RBI definitions?
A Operations limited to urban areas only
B Minimum paid-up capital and reserves of Rs. 5 lakh
C Maximum loan limit of Rs. 100 crore
D Can only accept deposits from government
Correct Answer:  B. Minimum paid-up capital and reserves of Rs. 5 lakh
EXPLANATION

A Scheduled Bank must have minimum paid-up capital and reserves of Rs. 5 lakh as per RBI definitions.

Take Test
What is the implementation timeline for the Indian Banks' Association (IBA) model on stress testing for credit risk?
A Quarterly basis
B Semi-annually
C Annually
D Bi-annually with quarterly reviews
Correct Answer:  A. Quarterly basis
EXPLANATION

Banks conduct stress tests on a quarterly basis as per RBI guidelines and IBA framework.

Take Test
Under Unified Payments Interface (UPI) 2.0, what is the new feature introduced for offline transactions?
A Cross-border payments
B Offline transaction capability up to Rs. 200
C Real-time gross settlement
D Cryptocurrency integration
Correct Answer:  B. Offline transaction capability up to Rs. 200
EXPLANATION

UPI 2.0 introduced offline transaction capability allowing payments without internet connectivity.

Take Test
Which of the following factors is NOT considered while calculating the Credit Risk Weight of an asset under Basel III?
A Nature of borrower
B Maturity of loan
C Collateral held
D Branch location of bank
Correct Answer:  D. Branch location of bank
EXPLANATION

Branch location is not a factor in risk weighting. Nature of borrower, maturity, and collateral are key factors.

Take Test
What is the statutory Liquidity Ratio (SLR) requirement for banks as per RBI guidelines (2024)?
A 19%
B 20%
C 21%
D 22%
Correct Answer:  B. 20%
EXPLANATION

RBI maintains the SLR requirement at 18% with recent adjustments around 20% for specific instruments.

Take Test
Under the Priority Sector Lending norms, what percentage of advances must be directed to agriculture by commercial banks?
A 15%
B 18%
C 20%
D 25%
Correct Answer:  B. 18%
EXPLANATION

RBI mandates that commercial banks allocate at least 18% of total advances to agriculture.

Take Test
IGET
iget AI
Online · Ask anything about exams
Hi! 👋 I'm your iget AI assistant.

Ask me anything about exam prep, MCQ solutions, study tips, or strategies! 🎯
UPSC strategy SSC CGL syllabus Improve aptitude NEET Biology tips