Showing 281–290 of 494 questions
Q.281
Medium
General Awareness
Under KYC norms, what is the maximum time within which a bank must complete customer verification?
A
7 days
B
14 days
C
30 days
D
90 days
Correct Answer:
C. 30 days
Explanation:
As per RBI guidelines, banks must complete KYC verification within 30 days of opening an account.
Q.282
Medium
General Awareness
Which of the following is covered under the Pradhan Mantri Jeevan Bima Yojana?
A
Life insurance for BPL families
B
Health insurance for senior citizens
C
Accident insurance for BPL families
D
Property insurance for farmers
Correct Answer:
C. Accident insurance for BPL families
Explanation:
PMJBY provides accidental death insurance coverage to BPL families and unorganized sector workers at a minimal premium.
Q.283
Medium
General Awareness
What does the term 'Non-Performing Asset (NPA)' mean in banking?
A
Assets that are performing above expectations
B
Assets on which principal or interest is overdue by 90 days or more
C
Assets held by non-banking financial companies
D
Assets under management by investment funds
Correct Answer:
B. Assets on which principal or interest is overdue by 90 days or more
Explanation:
An NPA is a loan or advance where principal or interest payment is overdue by 90 days or more from the contractual due date.
Q.284
Hard
General Awareness
Which international regulatory framework prescribes capital adequacy standards for banks?
A
Basel I
B
Basel II
C
Basel III
D
All of the above
Correct Answer:
D. All of the above
Explanation:
Basel I, II, and III are progressive international regulatory frameworks for capital adequacy. Currently, Basel III is the most advanced framework.
Q.285
Hard
General Awareness
What is the significance of the Marginal Standing Facility (MSF) rate in RBI's monetary policy?
A
It is the minimum lending rate for banks
B
It is the rate at which banks can borrow from RBI against approved securities
C
It is the rate paid on savings accounts
D
It is the maximum deposit interest rate
Correct Answer:
B. It is the rate at which banks can borrow from RBI against approved securities
Explanation:
MSF is the rate at which scheduled commercial banks can borrow from RBI against approved securities for short-term liquidity needs.
Q.286
Medium
General Awareness
Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), what is the coverage amount?
A
₹1 lakh
B
₹2 lakhs
C
₹5 lakhs
D
₹10 lakhs
Correct Answer:
B. ₹2 lakhs
Explanation:
PMSBY provides accidental death insurance coverage of ₹2 lakhs to individuals aged 18-70 years at a nominal annual premium.
Q.287
Easy
General Awareness
Which of the following is a feature of digital banking in India's financial inclusion drive?
A
Reduced transaction costs
B
24/7 accessibility to banking services
C
Access to banking for unbanked populations
D
All of the above
Correct Answer:
D. All of the above
Explanation:
Digital banking provides reduced costs, 24/7 access, and enables financial inclusion for unbanked populations through mobile and internet banking.
Q.288
Medium
General Awareness
As per RBI's latest guidelines (2024), what is the minimum CRAR (Capital to Risk-Weighted Assets Ratio) requirement for Scheduled Commercial Banks?
A
9%
B
10.5%
C
11.5%
D
12%
Explanation:
RBI mandates a minimum CRAR of 10.5% for SCBs, comprising 5.5% Tier I capital and 5% Tier II capital as per Basel III framework.
Q.289
Easy
General Awareness
Which of the following is NOT a type of deposit account offered by commercial banks?
A
Recurring Deposit Account
B
Fixed Deposit Account
C
Perpetual Deposit Account
D
Savings Deposit Account
Correct Answer:
C. Perpetual Deposit Account
Explanation:
Perpetual Deposit Account is not a standard deposit category. Banks offer Savings, Current, Fixed, and Recurring deposits.
Q.290
Medium
General Awareness
The repo rate as of February 2024 is maintained at what level by RBI's Monetary Policy Committee?
A
5.75%
B
6.5%
C
7.0%
D
6.25%
Explanation:
As per RBI's latest monetary policy stance in 2024, the repo rate stands at 6.5% with a neutral policy stance.
