Showing 381–390 of 494 questions
Q.381
Easy
Banking Awareness
The Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to provide banking services to which segment?
A
Senior citizens only
B
Unbanked and underbanked population
C
Agricultural sector only
D
Industrial sector workers
Correct Answer:
B. Unbanked and underbanked population
Explanation:
PMJDY was launched to provide universal access to banking services to unbanked and underbanked sections.
Q.382
Medium
Banking Awareness
What is the minimum paid-up capital required for a Small Finance Bank to operate in India as per RBI guidelines (2024)?
A
Rs. 50 crore
B
Rs. 100 crore
C
Rs. 200 crore
D
Rs. 500 crore
Correct Answer:
B. Rs. 100 crore
Explanation:
RBI requires Small Finance Banks to maintain a minimum paid-up capital of Rs. 100 crore.
Q.383
Medium
Banking Awareness
Under Basel III norms, what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for banks?
Explanation:
Basel III requires banks to maintain a minimum CRAR of 10.5% (including capital conservation buffer).
Q.384
Medium
Banking Awareness
Which of the following is NOT a type of Non-Performing Asset (NPA)?
A
Substandard assets
B
Doubtful assets
C
Loss assets
D
Standard assets
Correct Answer:
D. Standard assets
Explanation:
Standard assets are performing assets. NPAs include substandard, doubtful, and loss assets.
Q.385
Medium
Banking Awareness
Which financial year did India adopt the Goods and Services Tax (GST)?
A
2015-16
B
2016-17
C
2017-18
D
2018-19
Correct Answer:
C. 2017-18
Explanation:
GST was implemented in India from July 1, 2017 (2017-18 financial year).
Q.386
Medium
Banking Awareness
What is the current reverse repo rate as per RBI's latest monetary policy (2024-2025)?
A
5.75%
B
6.00%
C
6.25%
D
6.50%
Explanation:
The reverse repo rate is typically 50 bps below the repo rate, set at 6.00% in 2024-2025.
Q.387
Medium
Banking Awareness
Which Act regulates banking sector operations and customer protection in India?
A
Banking Regulation Act, 1949
B
Securities Act, 1956
C
Insurance Act, 1938
D
Competition Act, 2002
Correct Answer:
A. Banking Regulation Act, 1949
Explanation:
The Banking Regulation Act, 1949 is the primary statute governing banks in India.
Q.388
Hard
Banking Awareness
Under the Priority Sector Lending norms, what percentage of advances must be directed to agriculture by commercial banks?
Explanation:
RBI mandates that commercial banks allocate at least 18% of total advances to agriculture.
Q.389
Hard
Banking Awareness
What is the statutory Liquidity Ratio (SLR) requirement for banks as per RBI guidelines (2024)?
Explanation:
RBI maintains the SLR requirement at 18% with recent adjustments around 20% for specific instruments.
Q.390
Hard
Banking Awareness
Which of the following factors is NOT considered while calculating the Credit Risk Weight of an asset under Basel III?
A
Nature of borrower
B
Maturity of loan
C
Collateral held
D
Branch location of bank
Correct Answer:
D. Branch location of bank
Explanation:
Branch location is not a factor in risk weighting. Nature of borrower, maturity, and collateral are key factors.
