Showing 311–320 of 494 questions
Q.311
Medium
General Awareness
Which of the following accurately describes a Statutory Liquidity Ratio (SLR)?
A
Percentage of deposits banks must maintain as cash in hand
B
Percentage of deposits banks must maintain in liquid assets like government securities
C
Percentage of loans banks can issue against deposits
D
Percentage of capital reserves banks must hold
Correct Answer:
B. Percentage of deposits banks must maintain in liquid assets like government securities
Explanation:
SLR is the percentage of deposits that banks must maintain in prescribed liquid assets such as government securities and treasury bills.
Q.312
Medium
General Awareness
What is the current SLR requirement as per RBI guidelines (2024)?
Explanation:
As per RBI's current guidelines, the Statutory Liquidity Ratio is fixed at 18% of net demand and time liabilities.
Q.313
Easy
General Awareness
Which digital payment system is promoted by RBI and developed by NPCI?
A
Google Pay
B
Unified Payments Interface (UPI)
C
Apple Pay
D
PhonePe
Correct Answer:
B. Unified Payments Interface (UPI)
Explanation:
UPI is a real-time payment system developed by NPCI and promoted by RBI for seamless fund transfers.
Q.314
Medium
General Awareness
What is the purpose of the Pradhan Mantri Mudra Yojana (PMMY)?
A
To provide housing loans to poor families
B
To provide collateral-free loans to micro and small enterprises
C
To provide agricultural loans to farmers
D
To provide education loans to students
Correct Answer:
B. To provide collateral-free loans to micro and small enterprises
Explanation:
PMMY aims to promote micro and small enterprises by providing collateral-free loans up to 10 lakhs for business activities.
Q.315
Easy
General Awareness
Which RBI scheme was introduced to address financial inclusion and reduce digital divide?
A
Jan Dhan Yojana
B
Pradhan Mantri Jan Suraksha Yojana
C
Prime Minister Street Vendor's AtmaNirbhar Nidhi
D
Atal Pension Yojana
Correct Answer:
A. Jan Dhan Yojana
Explanation:
Pradhan Mantri Jan Dhan Yojana targets financial inclusion by opening basic bank accounts for all citizens, especially the unbanked.
Q.316
Hard
General Awareness
In terms of banking operations, what does 'Clean Demand Draft' mean?
A
A demand draft issued without any encumbrances
B
A demand draft not backed by merchandise or documents
C
A demand draft issued in clean currency notes
D
A demand draft with no crossing marks
Correct Answer:
B. A demand draft not backed by merchandise or documents
Explanation:
A clean demand draft is one that is not drawn against any trade documents or merchandise, issued purely as credit.
Q.317
Medium
General Awareness
What is the maximum tenure for a fixed deposit in Indian banks?
A
5 years
B
10 years
C
15 years
D
Unlimited
Correct Answer:
D. Unlimited
Explanation:
Indian banks can accept fixed deposits for any tenure as per the individual bank's policies, with no regulatory upper limit.
Q.318
Medium
General Awareness
Which of the following is NOT a part of RBI's monetary policy transmission mechanism?
A
Repo Rate
B
Reverse Repo Rate
C
Statutory Liquidity Ratio
D
Goods and Services Tax Rate
Correct Answer:
D. Goods and Services Tax Rate
Explanation:
GST is a fiscal policy tool controlled by the GST Council, not a monetary policy tool of RBI. Repo, Reverse Repo, and SLR are RBI instruments.
Q.319
Medium
General Awareness
What is the current repo rate as per RBI's latest monetary policy (2024)?
A
6.25%
B
6.50%
C
6.75%
D
7.00%
Explanation:
As of 2024, RBI's repo rate is maintained at 6.5% as per the latest monetary policy decision by the Monetary Policy Committee.
Q.320
Hard
General Awareness
Which of the following best describes 'Basel III' in banking?
A
A payment system used by Indian banks
B
An international regulatory framework for bank capital adequacy and risk management
C
A loan classification system for non-performing assets
D
A digital banking security protocol
Correct Answer:
B. An international regulatory framework for bank capital adequacy and risk management
Explanation:
Basel III is an international regulatory framework developed by the Basel Committee on Banking Supervision for bank capital and risk management.
