Showing 221–230 of 494 questions
Q.221
Easy
General Awareness
Which banking service allows customers to access their bank account through mobile devices using Internet banking?
A
NFC Banking
B
Mobile Banking
C
ATM Services
D
Payment Gateway
Correct Answer:
B. Mobile Banking
Explanation:
Mobile banking enables customers to perform banking transactions through smartphones via internet or mobile apps.
Q.222
Easy
General Awareness
What does NEFT stand for in the context of banking?
A
National Electronic Fund Transfer
B
National Express Financial Transaction
C
Net Electronic Fund Transaction
D
National Efficient Financial Transfer
Correct Answer:
A. National Electronic Fund Transfer
Explanation:
NEFT is a system for transferring funds electronically between banks, processing transactions in batches at predetermined intervals.
Q.223
Medium
General Awareness
Under the 2024 RBI guidelines, what is the minimum Capital Adequacy Ratio (CAR) required for Scheduled Commercial Banks?
A
9%
B
10.5%
C
11.5%
D
12.5%
Explanation:
RBI mandates a minimum CAR of 10.5% for SCBs (including Tier-1 and Tier-2 capital), exceeding Basel III minimum of 8%.
Q.224
Medium
General Awareness
Which international financial organization publishes the Basel Accords that guide banking regulations?
A
International Monetary Fund (IMF)
B
World Bank
C
Basel Committee on Banking Supervision (BCBS)
D
Bank for International Settlements (BIS)
Correct Answer:
C. Basel Committee on Banking Supervision (BCBS)
Explanation:
BCBS, established in 1974, develops banking regulations and prudential standards, publishing Basel I, II, and III accords.
Q.225
Medium
General Awareness
What is the purpose of the Marginal Standing Facility (MSF) introduced by RBI?
A
To provide overnight lending to banks against approved securities
B
To regulate stock market operations
C
To manage foreign exchange reserves
D
To monitor non-performing assets
Correct Answer:
A. To provide overnight lending to banks against approved securities
Explanation:
MSF allows scheduled banks to borrow funds overnight from RBI at a penal rate against eligible securities when other liquidity sources are exhausted.
Q.226
Hard
General Awareness
Which committee was constituted to review the regulation of shadow banking in India?
A
Patel Committee
B
Narasimham Committee
C
Y.V. Reddy Committee
D
Nayak Committee
Correct Answer:
D. Nayak Committee
Explanation:
The Nayak Committee (2013) examined shadow banking entities and recommended a regulatory framework for NBFCs engaged in banking activities.
Q.227
Easy
General Awareness
What is the tenure period for the current Governor of the Reserve Bank of India as of 2024-2025?
A
3 years
B
5 years
C
6 years
D
7 years
Correct Answer:
C. 6 years
Explanation:
The RBI Governor's tenure is typically 6 years or until the age of 65 years, whichever is earlier.
Q.228
Medium
General Awareness
Under which facility can banks borrow money from RBI on a temporary basis to manage short-term liquidity mismatches?
A
Open Market Operations (OMO)
B
Repo Operations
C
Liquidity Adjustment Facility (LAF)
D
Collateralized Borrowing and Lending Obligation (CBLO)
Correct Answer:
C. Liquidity Adjustment Facility (LAF)
Explanation:
LAF allows banks to borrow through Repo (overnight) or Reverse Repo to manage short-term liquidity needs.
Q.229
Medium
General Awareness
Which of the following is a regulatory tool used by RBI to control inflation and manage money supply?
A
Quantitative Easing
B
Open Market Operations (OMO)
C
Fiscal policy measures
D
Tax rate adjustments
Correct Answer:
B. Open Market Operations (OMO)
Explanation:
OMO involves buying and selling government securities to regulate liquidity and money supply in the banking system.
Q.230
Medium
General Awareness
What does CASA ratio indicate in banking?
A
Cost to Assets and Savings Accounts
B
Current and Savings Accounts as a proportion of total deposits
C
Capital and Subordinated debt Accounts
D
Compliance and Safety Account Standards
Correct Answer:
B. Current and Savings Accounts as a proportion of total deposits
Explanation:
CASA (Current Account Saving Account) ratio measures the proportion of low-cost deposits, indicating deposit quality and profitability.
