Q.111
Easy
What is the current repo rate as per RBI's latest monetary policy (2024-2025)?
A
5.75%
B
6.50%
C
6.25%
D
5.50%
Explanation:
RBI has set the repo rate at 6.50% in its latest policy review of 2024-2025.
Q.112
Easy
Which bank is the largest public sector bank in India by asset size?
A
HDFC Bank
B
ICICI Bank
C
State Bank of India
D
Axis Bank
Correct Answer:
C. State Bank of India
Explanation:
State Bank of India (SBI) is the largest public sector bank in India.
Q.113
Easy
What does SWIFT stand for in banking?
A
Standard Wire for International Financial Transfer
B
Society for Worldwide Interbank Financial Telecommunication
C
Secure Wireless International Financial Transaction
D
System for World Integration of Financial Technology
Correct Answer:
B. Society for Worldwide Interbank Financial Telecommunication
Explanation:
SWIFT is the standard international system for financial messaging between banks.
Q.114
Easy
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.115
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.116
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.117
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.118
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.119
Easy
A bank's Gross Non-Performing Assets (GNPA) ratio increased from 2.1% in FY2023 to 2.8% in FY2024. If the total advances are ₹5,00,000 crore, what is the absolute increase in GNPA amount?
A
₹3,500 crore
B
₹14,000 crore
C
₹10,500 crore
D
₹35,000 crore
Correct Answer:
A. ₹3,500 crore
Explanation:
GNPA increase = (2.8% - 2.1%) × ₹5,00,000 crore = 0.7% × ₹5,00,000 crore = ₹3,500 crore
Q.120
Easy
Under Basel III norms applicable to Indian banks, what is the minimum Common Equity Tier 1 (CET1) capital ratio requirement?
A
4.5%
B
5.5%
C
6.5%
D
7.5%
Explanation:
Basel III mandates a minimum CET1 ratio of 4.5% for all banks operating in India as per RBI guidelines
