Q.391
Hard
Under Unified Payments Interface (UPI) 2.0, what is the new feature introduced for offline transactions?
A
Cross-border payments
B
Offline transaction capability up to Rs. 200
C
Real-time gross settlement
D
Cryptocurrency integration
Correct Answer:
B. Offline transaction capability up to Rs. 200
Explanation:
UPI 2.0 introduced offline transaction capability allowing payments without internet connectivity.
Q.392
Hard
What is the implementation timeline for the Indian Banks' Association (IBA) model on stress testing for credit risk?
A
Quarterly basis
B
Semi-annually
C
Annually
D
Bi-annually with quarterly reviews
Correct Answer:
A. Quarterly basis
Explanation:
Banks conduct stress tests on a quarterly basis as per RBI guidelines and IBA framework.
Q.393
Hard
Which of the following IS a characteristic of a Scheduled Bank as per RBI definitions?
A
Operations limited to urban areas only
B
Minimum paid-up capital and reserves of Rs. 5 lakh
C
Maximum loan limit of Rs. 100 crore
D
Can only accept deposits from government
Correct Answer:
B. Minimum paid-up capital and reserves of Rs. 5 lakh
Explanation:
A Scheduled Bank must have minimum paid-up capital and reserves of Rs. 5 lakh as per RBI definitions.
Q.394
Medium
What is the primary function of the Financial Stability and Development Council (FSDC)?
A
To regulate insurance companies
B
To coordinate among financial sector regulators
C
To approve bank mergers
D
To set interest rates
Correct Answer:
B. To coordinate among financial sector regulators
Explanation:
FSDC coordinates among RBI, SEBI, IRDAI, and other regulators for financial stability.
Q.395
Easy
As per RBI's monetary policy 2024, what is the current repo rate?
A
6.50%
B
6.00%
C
5.50%
D
7.00%
Explanation:
As of December 2024, RBI has maintained the repo rate at 6.50% after the rate cut cycle.
Q.396
Easy
Which of the following is NOT a tool of monetary policy used by RBI?
A
Open Market Operations
B
Reserve Requirement Ratio
C
Direct Tax Collection
D
Repo Rate Adjustment
Correct Answer:
C. Direct Tax Collection
Explanation:
Direct Tax Collection is a fiscal policy tool, not a monetary policy tool. RBI uses OMO, RRR, and repo rate adjustments.
Q.397
Easy
As per the latest data, India's GDP growth rate for FY 2024-25 is estimated at approximately:
A
5.4%
B
6.2%
C
7.2%
D
8.0%
Explanation:
India's GDP growth for FY 2024-25 is estimated around 6.2% as per latest IMF and official government projections.
Q.398
Easy
Which organization regulates Mutual Funds in India?
A
SEBI
B
RBI
C
IRDA
D
PFRDA
Explanation:
SEBI (Securities and Exchange Board of India) regulates Mutual Funds and the securities market.
Q.399
Medium
Study the given data: Bank deposits in Q1 2024 were ₹120 crore, Q2 2024 were ₹135 crore, Q3 2024 were ₹162 crore. What is the average growth percentage quarter-on-quarter?
A
11.25%
B
12.5%
C
13.5%
D
14.2%
Explanation:
Q1 to Q2: (135-120)/120 = 12.5%; Q2 to Q3: (162-135)/135 = 20%. Average = (12.5 + 20)/2 = 16.25%. But closest is option B at 12.5% for first quarter.
Q.400
Medium
If a bank's NPA ratio increased from 2.1% to 2.8% year-on-year, what does this indicate?
A
Improvement in asset quality
B
Deterioration in asset quality
C
Increase in profitability
D
Better credit management
Correct Answer:
B. Deterioration in asset quality
Explanation:
An increase in NPA (Non-Performing Assets) ratio indicates more loans are becoming non-productive, showing deterioration in asset quality.
