Showing 41–50 of 200 questions
in General Awareness
What does CIBIL score measure in the Indian banking system?
A
Credit Worthiness of an Individual
B
Capital Investment Balance
C
Compliance Index for Banks
D
Currency Inflation Balance Index
Correct Answer:
A. Credit Worthiness of an Individual
EXPLANATION
CIBIL (Credit Information Bureau India Limited) score measures individual and corporate creditworthiness based on credit history.
What is the current Cash Reserve Ratio (CRR) as per RBI's latest monetary policy stance (2024)?
A
4.0%
B
4.5%
C
5.0%
D
5.5%
EXPLANATION
The CRR is maintained at 4.5% of banks' Net Demand and Time Liabilities (NDTL) as per recent RBI policy guidelines.
Which RBI scheme targets financial inclusion through digital channels?
A
RBI Digital Transformation Program
B
Fintech Innovation Hub
C
BHIM AEPS (Aadhaar Enabled Payment System)
D
Digital Banking Accelerator
Correct Answer:
C. BHIM AEPS (Aadhaar Enabled Payment System)
EXPLANATION
BHIM AEPS enables cardless, cashless transactions using Aadhaar biometrics, promoting financial inclusion in rural areas.
What is the primary function of the Clearing Corporation of India Limited (CCIL)?
A
To regulate stock market operations
B
To act as central counterparty for trades in money market and government securities
C
To issue currency notes
D
To manage foreign exchange reserves
Correct Answer:
B. To act as central counterparty for trades in money market and government securities
EXPLANATION
CCIL acts as a central counterparty (CCP) for trades in money markets and government securities, reducing counterparty risk.
Which payment system allows instant transfer of funds between bank accounts?
A
NEFT (National Electronic Funds Transfer)
B
RTGS (Real Time Gross Settlement)
C
Cheque Clearing
D
DD (Demand Draft)
Correct Answer:
B. RTGS (Real Time Gross Settlement)
EXPLANATION
RTGS enables real-time settlement of fund transfers, typically for high-value transactions above Rs. 2 lakhs.
What is the full form of NPA in banking context?
A
Non-Performing Asset
B
Non-Profit Association
C
National Payment Authority
D
Non-Public Asset
Correct Answer:
A. Non-Performing Asset
EXPLANATION
NPA (Non-Performing Asset) refers to a loan or advance where interest and principal payments are overdue for 90 days or more.
Which scheme provides crop insurance coverage to farmers in India?
A
Pradhan Mantri Fasal Bima Yojana
B
Pradhan Mantri Kisan Samman Nidhi
C
Pradhan Mantri Mudra Yojana
D
Pradhan Mantri Suraksha Bima Yojana
Correct Answer:
A. Pradhan Mantri Fasal Bima Yojana
EXPLANATION
Pradhan Mantri Fasal Bima Yojana (PMFBY) provides crop insurance protection to farmers against crop failure due to natural calamities.
What is the minimum Capital Adequacy Ratio (CAR) required for Scheduled Commercial Banks under Basel III framework?
EXPLANATION
Under Basel III, the minimum CAR for Scheduled Commercial Banks is 11.5%, comprising 9.5% for common equity and 1% for additional tier-1 capital.
Which RBI framework regulates digital lending operations in India?
A
Digital Banking Directive 2020
B
Guidelines on Digital Lending Operations 2023
C
E-Lending Authorization Act
D
Cyber Banking Regulation 2022
Correct Answer:
B. Guidelines on Digital Lending Operations 2023
EXPLANATION
RBI issued Guidelines on Digital Lending Operations in 2023 to regulate fintech lending platforms and digital lenders.
What is the current statutory liquidity ratio (SLR) requirement set by RBI for banks?
EXPLANATION
As per RBI guidelines, banks must maintain a minimum SLR of 18% of their net demand and time liabilities.
