Home Subjects Bank PO / Clerk / RBI

Bank PO / Clerk / RBI

PO, Clerk, RRB — Quantitative, Reasoning, GK

494 Q 3 Topics Take Test
Advertisement
Difficulty: All Easy Medium Hard 361–370 of 494
Topics in Bank PO / Clerk / RBI
Q.361 Medium
Under RBI's Know Your Customer (KYC) norms, what is the minimum frequency for KYC updation?
A Every year
B Every 2 years
C Every 5 years
D Every 10 years
Correct Answer:  C. Every 5 years
EXPLANATION

RBI mandates KYC updation every 10 years for regular customers, though higher-risk categories may require more frequent updates.

Take Test
Q.362 Medium
A bank's Provision Coverage Ratio (PCR) improved from 62% to 71% YoY. This indicates:
A Deteriorating asset quality
B Improving asset quality and risk management
C Increased loan disbursement
D Lower profitability
Correct Answer:  B. Improving asset quality and risk management
EXPLANATION

Higher PCR indicates better provision coverage against stressed assets, reflecting stronger risk management and improving asset quality.

Take Test
Q.363 Easy
What is the maximum loan amount eligible under RBI's Pradhan Mantri Mudra Yojana (PMMY) as of 2024?
A ₹5 lakh
B ₹10 lakh
C ₹15 lakh
D ₹25 lakh
Correct Answer:  B. ₹10 lakh
EXPLANATION

PMMY provides loans up to ₹10 lakh for micro and small enterprises without requiring collateral.

Take Test
Q.364 Medium
A bank's deposits grew from ₹3,00,000 crore to ₹3,54,000 crore in one year. What is the YoY growth rate?
A 15%
B 16%
C 18%
D 20%
Correct Answer:  C. 18%
EXPLANATION

Growth = (3,54,000 - 3,00,000) / 3,00,000 × 100 = 54,000/3,00,000 × 100 = 18%.

Take Test
Q.365 Easy
RBI's repo rate as per the latest 2024 monetary policy stance is approximately:
A 4.5%
B 5.5%
C 6.5%
D 7.5%
Correct Answer:  C. 6.5%
EXPLANATION

As of late 2024, RBI's repo rate is in the range of 6.25%-6.5% under the current monetary tightening cycle.

Take Test
Q.366 Hard
A bank grants a ₹50 lakh personal loan at 9.5% p.a. for 7 years. If the borrower makes a part-payment of ₹10 lakhs after 2 years, how much principal remains? (Assume no prepayment penalty)
A ₹40 lakh
B Less than ₹40 lakh
C Exactly ₹40 lakh
D Cannot be determined
Correct Answer:  B. Less than ₹40 lakh
EXPLANATION

After 2 years of EMI payments, the principal balance is reduced. A ₹10 lakh part-payment further reduces this, resulting in less than ₹40 lakh remaining.

Take Test
Q.367 Medium
Which banking regulation in India is NOT implemented under Basel III framework?
A Capital Adequacy Ratio
B Liquidity Coverage Ratio
C Statutory Liquidity Ratio (SLR)
D Net Stable Funding Ratio
Correct Answer:  C. Statutory Liquidity Ratio (SLR)
EXPLANATION

SLR is an RBI-specific regulation predating Basel III. Basel III includes CAR, LCR, and NSFR.

Take Test
Q.368 Medium
A bank's Cost-to-Income Ratio is 45%. This indicates:
A The bank is highly inefficient
B The bank spends ₹45 to generate ₹100 in operating income
C The bank's profitability is below industry standard
D The bank must reduce its workforce
Correct Answer:  B. The bank spends ₹45 to generate ₹100 in operating income
EXPLANATION

Cost-to-Income Ratio = Operating Expenses/Operating Income. 45% means ₹45 spent to generate ₹100 in income, which is relatively good.

Take Test
Q.369 Medium
RBI's Liquidity Coverage Ratio (LCR) requirement for banks is minimum how much as of 2024?
A 75%
B 85%
C 100%
D 110%
Correct Answer:  C. 100%
EXPLANATION

As per Basel III implementation in India, RBI requires banks to maintain a minimum LCR of 100%.

Take Test
Q.370 Medium
If a bank's Return on Assets (ROA) is 1.2% and Total Assets are ₹8 lakh crore, what is the bank's Net Profit?
A ₹96 crore
B ₹960 crore
C ₹9,600 crore
D ₹96,000 crore
Correct Answer:  C. ₹9,600 crore
EXPLANATION

Net Profit = ROA × Total Assets = 1.2% × ₹8,00,000 crore = ₹9,600 crore.

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