Central Govt Exam Preparation — SSC, UPSC, Bank, Railway

Q.101 Easy 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.

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Q.102 Easy General Awareness

Which regulatory body oversees the functioning of Non-Banking Financial Companies (NBFCs) in India?

A SEBI

B RBI

C IRDA

D PFRDA

Correct Answer: B. RBI

Explanation:

The Reserve Bank of India (RBI) is responsible for regulating and supervising NBFCs. SEBI oversees capital markets, IRDA handles insurance, and PFRDA manages pension funds.

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Q.103 Easy General Awareness

What is the primary purpose of Know Your Customer (KYC) norms in banking?

A To increase bank profits

B To prevent money laundering and terrorism financing

C To reduce competition among banks

D To simplify loan approval processes

Correct Answer: B. To prevent money laundering and terrorism financing

Explanation:

KYC norms are essential anti-money laundering (AML) measures that require banks to verify customer identity and monitor transactions to prevent financial crimes and terrorism financing.

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Q.104 Easy General Awareness

Which of the following is a core function of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?

A Providing credit rating to companies

B Insuring deposits of bank customers up to a specified limit

C Regulating insurance companies

D Managing RBI's foreign exchange reserves

Correct Answer: B. Insuring deposits of bank customers up to a specified limit

Explanation:

DICGC protects depositors by insuring their bank deposits up to Rs. 5 lakh per depositor per bank. This encourages public confidence in the banking system.

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Q.105 Easy General Awareness

Which of the following is NOT a component of Broad Money (M3) in India?

A Currency with the public

B Demand deposits with banks

C Time deposits with banks

D Cryptocurrencies held by individuals

Correct Answer: D. Cryptocurrencies held by individuals

Explanation:

M3 includes currency, demand deposits, and time deposits with banks. Cryptocurrencies are not included in the official money supply measurement by RBI.

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Q.106 Easy General Awareness

The RBI's Repo Rate as of 2024-2025 is maintained at which level by the Monetary Policy Committee?

A 4.5%

B 5.5%

C 6.0%

D 6.5%

Correct Answer: D. 6.5%

Explanation:

As per the latest RBI Monetary Policy (2024), the Repo Rate has been maintained at 6.5% with a focus on managing inflation while supporting growth.

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Q.107 Easy General Awareness

Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), what is the maximum life insurance cover provided to account holders?

A Rs. 30,000

B Rs. 100,000

C Rs. 200,000

D Rs. 500,000

Correct Answer: C. Rs. 200,000

Explanation:

PMJDY provides accidental death insurance cover of Rs. 2 lakhs (Rs. 200,000) to all beneficiaries who open accounts under the scheme.

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Q.108 Easy General Awareness

What is the primary objective of the Basel Accords framework adopted by Indian banks?

A To maximize bank profits

B To ensure financial stability and prudent risk management

C To reduce interest rates for borrowers

D To increase foreign exchange reserves

Correct Answer: B. To ensure financial stability and prudent risk management

Explanation:

Basel Accords (I, II, III) aim to strengthen the regulation, supervision, and risk management of banks to ensure financial stability.

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Q.109 Easy General Awareness

What is the current CRR (Cash Reserve Ratio) maintained by Scheduled Commercial Banks with RBI (2024-2025)?

A 3.5%

B 4.0%

C 4.5%

D 5.0%

Correct Answer: C. 4.5%

Explanation:

The Cash Reserve Ratio is maintained at 4.5% of Net Demand and Time Liabilities (NDTL) as per RBI's current monetary policy stance.

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Q.110 Easy Banking Awareness

Which of the following is the regulatory body for banks in India?

A Reserve Bank of India

B State Bank of India

C Securities and Exchange Board of India

D Insurance Regulatory and Development Authority

Correct Answer: A. Reserve Bank of India

Explanation:

RBI is the central bank and primary regulator of all banks in India.

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