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Bank PO / Clerk / RBI

PO, Clerk, RRB — Quantitative, Reasoning, GK

494 Q 3 Topics Take Test
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Difficulty: All Easy Medium Hard 341–350 of 494
Topics in Bank PO / Clerk / RBI
Q.341 Easy
A bank grants a ₹20 lakh personal loan at 10.5% p.a. simple interest for 3 years. What is the total amount to be repaid?
A ₹26,30,000
B ₹26,80,000
C ₹27,10,000
D ₹27,50,000
Correct Answer:  C. ₹27,10,000
EXPLANATION

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)

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Q.342 Easy
What is the current reverse repo rate as per RBI's monetary policy stance for 2024-2025?
A 3.35%
B 4.35%
C 5.35%
D 6.35%
Correct Answer:  B. 4.35%
EXPLANATION

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%.

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Q.343 Medium
A bank's Loan-to-Deposit (LTD) ratio increased from 78% to 85%. Which statement is MOST accurate?
A The bank reduced lending to customers
B The bank increased leverage and credit deployment but faces higher liquidity risk
C The bank's deposits decreased significantly
D The bank's profitability decreased
Correct Answer:  B. The bank increased leverage and credit deployment but faces higher liquidity risk
EXPLANATION

Higher LTD ratio (85%) means more advances relative to deposits, increasing credit exposure and potential liquidity risk, though showing aggressive lending strategy.

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Q.344 Medium
Under RBI's Structured Data Standards (SDS), which banking data must all scheduled banks submit digitally by 2025?
A Only balance sheet data
B Only loan portfolio data
C Standardized regulatory and prudential data in structured format
D Only customer complaint data
Correct Answer:  C. Standardized regulatory and prudential data in structured format
EXPLANATION

SDS mandates standardized submission of regulatory and prudential returns in structured digital format for better data quality and analysis.

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Q.345 Easy
A bank's Cost-to-Income ratio improved from 52% to 48%. What does this indicate about operational efficiency?
A The bank became less efficient
B Operating costs increased relative to income
C The bank improved its operational efficiency and cost management
D The bank's profit margins decreased
Correct Answer:  C. The bank improved its operational efficiency and cost management
EXPLANATION

Lower Cost-to-Income ratio (48% vs 52%) means lower operating costs relative to operating income, indicating better operational efficiency.

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Q.346 Easy
What is the maximum limit for coverage under the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per 2024 regulations?
A ₹1,00,000 per depositor per bank
B ₹2,00,000 per depositor per bank
C ₹5,00,000 per depositor per bank
D ₹10,00,000 per depositor per bank
Correct Answer:  C. ₹5,00,000 per depositor per bank
EXPLANATION

DICGC provides deposit insurance coverage of ₹5,00,000 per depositor per bank (increased from ₹1,00,000 in 2020).

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Q.347 Medium
A customer avails a ₹25 lakh home loan at 7.2% p.a. for 20 years (EMI basis). Approximately what will be the total interest paid?
A ₹10,50,000
B ₹12,00,000
C ₹13,50,000
D ₹15,00,000
Correct Answer:  C. ₹13,50,000
EXPLANATION

Using home loan EMI formula, total interest for ₹25 lakh at 7.2% over 240 months ≈ ₹13,50,000 (approximate calculation based on standard amortization).

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Q.348 Medium
Which RBI circular (2024) introduced the Liquidity Coverage Ratio (LCR) requirement for Scheduled Commercial Banks?
A As per Basel I framework
B As per Basel II framework
C As per Basel III framework
D As per RBI guidelines effective 2018 onwards, maintained in 2024
Correct Answer:  C. As per Basel III framework
EXPLANATION

LCR was introduced under Basel III to ensure banks maintain adequate high-quality liquid assets to survive acute stress scenarios.

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Q.349 Hard
A bank identifies a stressed asset with ₹10 crore outstanding. It makes a provision of 60%. Later, it recovers ₹2 crore. What is the net impact on profit & loss?
A Loss of ₹4 crore
B Gain of ₹2 crore
C Loss of ₹6 crore
D Gain of ₹4 crore
Correct Answer:  B. Gain of ₹2 crore
EXPLANATION

Provision made: ₹6 crore (charged as loss). Recovery: ₹2 crore (credited to P&L). Net impact: ₹2 crore gain (recovery > provision reversal applicable).

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Q.350 Easy
Under Priority Sector Lending norms, what is the minimum percentage banks must lend to agriculture as of 2024?
A 15%
B 18%
C 20%
D 22%
Correct Answer:  B. 18%
EXPLANATION

RBI mandates 18% of net bank credit to agriculture sector as part of Priority Sector Lending guidelines for 2024.

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