Showing 241–250 of 494 questions
Q.241
Medium
General Awareness
What is the primary objective of the Digital Payment Index (DPI) launched by RBI?
A
To track inflation rates
B
To measure digital payment adoption and penetration across the economy
C
To regulate cryptocurrency
D
To control money supply
Correct Answer:
B. To measure digital payment adoption and penetration across the economy
Explanation:
The Digital Payment Index measures and monitors the progress of digital payments in the country across various segments.
Q.242
Hard
General Awareness
Which framework governs Systemically Important Non-Banking Financial Companies (Si-NBFCs)?
A
Basel III framework
B
Micro Prudential Regulation framework
C
RBI's Regulatory framework for NBFCs
D
International Financial Reporting Standards
Correct Answer:
C. RBI's Regulatory framework for NBFCs
Explanation:
RBI has a dedicated regulatory framework for NBFCs, with stricter norms for Si-NBFCs to maintain systemic stability.
Q.243
Easy
General Awareness
What is the minimum amount required to open a Sukanya Samriddhi Account?
A
₹250
B
₹500
C
₹1,000
D
₹1,500
Correct Answer:
C. ₹1,000
Explanation:
The minimum opening balance for Sukanya Samriddhi Account is ₹1,000 as per 2024 guidelines.
Q.244
Medium
General Awareness
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), what is the overdraft limit allowed?
A
₹5,000
B
₹10,000
C
₹15,000
D
₹20,000
Correct Answer:
B. ₹10,000
Explanation:
PMJDY accounts are eligible for an overdraft facility up to ₹10,000 after maintaining the account properly.
Q.245
Hard
General Awareness
Which of the following is a Tier 1 capital component for banks?
A
Subordinated debt
B
Common Equity Tier 1 (CET1)
C
Preference shares
D
Revaluation reserves
Correct Answer:
B. Common Equity Tier 1 (CET1)
Explanation:
Common Equity Tier 1 (CET1), consisting of paid-up capital and retained earnings, is the highest quality Tier 1 capital.
Q.246
Medium
General Awareness
What is the role of the Insolvency and Bankruptcy Board of India (IBBI)?
A
To regulate insurance companies
B
To regulate and supervise insolvency and bankruptcy professionals
C
To issue banking licenses
D
To monitor foreign direct investment
Correct Answer:
B. To regulate and supervise insolvency and bankruptcy professionals
Explanation:
IBBI, established under the Insolvency and Bankruptcy Code 2016, regulates insolvency professionals and the resolution process.
Q.247
Medium
General Awareness
Under Know Your Customer (KYC) norms, what is the validity period for re-KYC for high-risk customers?
A
2 years
B
4 years
C
5 years
D
10 years
Correct Answer:
A. 2 years
Explanation:
As per RBI's 2024 KYC guidelines, high-risk customers require re-KYC verification every 2 years.
Q.248
Hard
General Awareness
Which international agreement sets standards for combating financial crime and terrorism financing?
A
Basel Accord
B
Financial Action Task Force (FATF) Recommendations
C
Bretton Woods Agreement
D
Paris Climate Agreement
Correct Answer:
B. Financial Action Task Force (FATF) Recommendations
Explanation:
FATF recommendations are international standards for combating money laundering and terrorism financing.
Q.249
Medium
General Awareness
What is the current base rate structure replaced with?
A
MCLR (Marginal Cost of Lending Rate)
B
Bank Rate
C
Repo Rate
D
Fixed Rate
Correct Answer:
A. MCLR (Marginal Cost of Lending Rate)
Explanation:
RBI replaced the Base Rate system with MCLR in 2016 to make lending rates more transparent and responsive to policy changes.
Q.250
Hard
General Awareness
Which of the following banks is the oldest operating bank in India?
A
State Bank of India
B
Bank of India
C
Central Bank of India
D
Imperial Bank of India
Correct Answer:
B. Bank of India
Explanation:
Bank of India, established in 1906, is one of the oldest operating banks. State Bank of India traces back to 1806 through Imperial Bank.
