What is the coverage amount under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme as of 2024?

The correct answer is C: ₹5 lakhs per depositor per bank. DICGC provides deposit insurance coverage of ₹5 lakhs per depositor per bank to ensure depositor security.

Bank X's total deposits are ₹2,50,000 crores with advances of ₹1,87,500 crores. What is the bank's Loan-to-Deposit Ratio (LDR)?

The correct answer is C: 75%. LDR = (Advances / Total Deposits) × 100 = (1,87,500 / 2,50,000) × 100 = 75%. A healthy LDR is typically between 70-85%.

Which of the following is NOT a component of Basel III Tier-I Capital?

The correct answer is C: Subordinated Debt. Subordinated Debt is part of Tier-II Capital. Tier-I Capital comprises CET1 and AT1 Capital only

As per RBI's monetary policy 2024, what is the current repo rate?

The correct answer is A: 6.50%. As of December 2024, RBI has maintained the repo rate at 6.50% after the rate cut cycle.

Bank Y's Earnings Per Share (EPS) increased from ₹45 to ₹54 year-on-year. What is the percentage growth in EPS?

The correct answer is C: 20%. EPS growth = ((54 - 45) / 45) × 100 = (9/45) × 100 = 20%

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

Central Exam — Bank PO / Clerk / RBI — General Awareness

UPSC · SSC · Bank · Railway · NDA — Central Government Exam MCQ Practice

53 Questions 5 Topics Take Test

Showing 1–10 of 53 questions in General Awareness

Q.1 Easy General Awareness

Which of the following is NOT a function of the Reserve Bank of India?

A Issuing currency notes

B Managing foreign exchange reserves

C Direct lending to retail customers

D Implementing monetary policy

Correct Answer: C. Direct lending to retail customers

Explanation:

RBI does not directly lend to retail customers. Its primary functions include currency issuance, forex management, and monetary policy implementation through banking channels.

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Q.2 Easy General Awareness

What is the current repo rate set by RBI as of 2024?

A 5.5%

B 6.5%

C 4.5%

D 7.0%

Correct Answer: B. 6.5%

Explanation:

As per RBI's latest monetary policy in 2024, the repo rate stands at 6.5%. This is the rate at which RBI lends to commercial banks.

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Q.3 Easy General Awareness

Which bank is the 'Banker to the Government' of India?

A State Bank of India

B Reserve Bank of India

C HDFC Bank

D ICICI Bank

Correct Answer: B. Reserve Bank of India

Explanation:

RBI serves as the Banker to the Government of India, managing government accounts, treasury operations, and public debt.

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Q.4 Easy General Awareness

What does NEFT stand for in banking?

A National Electronic Funds Transfer

B New Electronic Financial Transaction

C National Exchange Financial Transaction

D National Electronic Financial Terminal

Correct Answer: A. National Electronic Funds Transfer

Explanation:

NEFT (National Electronic Funds Transfer) is an electronic fund transfer system in India for transferring funds between banks.

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Q.5 Easy General Awareness

Which organization regulates insurance companies in India?

A RBI

B SEBI

C IRDA (IRDAI)

D Ministry of Finance

Correct Answer: C. IRDA (IRDAI)

Explanation:

Insurance Regulatory and Development Authority of India (IRDAI) regulates and supervises insurance companies operating in India.

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Q.6 Easy General Awareness

What is the full form of RTGS?

A Real Time Gross Settlement

B Rapid Transfer and Global System

C Real Time Global Settlement

D Regulated Transaction Gross System

Correct Answer: A. Real Time Gross Settlement

Explanation:

RTGS (Real Time Gross Settlement) is a system for real-time transfer of funds and securities between banks in India.

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Q.7 Easy General Awareness

What does KYC stand for in banking?

A Know Your Client

B Know Your Country

C Know Your Capital

D Keep Your Code

Correct Answer: A. Know Your Client

Explanation:

KYC (Know Your Client) is a mandatory procedure for banks to verify customer identity and assess their financial profile to prevent fraud and money laundering.

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Q.8 Easy General Awareness

What is the maximum period for which a bank can classify an account as NPA (Non-Performing Asset)?

A 30 days of non-payment

B 90 days of non-payment

C 180 days of non-payment

D 365 days of non-payment

Correct Answer: B. 90 days of non-payment

Explanation:

RBI guidelines classify an account as NPA after 90 days of non-payment. This is the standard threshold for identifying non-performing assets in Indian banking.

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Q.9 Easy General Awareness

Which rate does the RBI use as the benchmark for transmission of monetary policy?

A Reverse Repo Rate

B Repo Rate

C Base Rate

D MCLR (Marginal Cost of Funds Based Lending Rate)

Correct Answer: B. Repo Rate

Explanation:

The Repo Rate is the primary instrument used by RBI for monetary policy transmission. Banks' lending rates are benchmarked against this rate.

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Q.10 Easy General Awareness

What does CASA stand for in banking terminology?

A Current Account and Savings Account

B Customer Asset and Secured Account

C Corporate Account and Savings Account

D Current and Secured Assets Account

Correct Answer: A. Current Account and Savings Account

Explanation:

CASA represents Current Account and Savings Account deposits, which are low-cost funding sources for banks and crucial for profitability metrics.

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