Q.141
Medium
What is the primary function of the Financial Intelligence Unit (FIU-IND) in India?
A
To monitor banking sector stability
B
To investigate financial crimes and money laundering
C
To regulate stock markets
D
To supervise cooperative banks
Correct Answer:
B. To investigate financial crimes and money laundering
Explanation:
FIU-IND is India's financial intelligence unit responsible for combating money laundering and terrorist financing.
Q.142
Medium
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.143
Medium
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.144
Medium
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.145
Medium
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.146
Medium
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.147
Medium
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.
Q.148
Medium
Which RBI directive mandates banks to maintain Statutory Liquidity Ratio (SLR) at a minimum of what percentage of NDTL?
A
18%
B
21.5%
C
19.5%
D
20%
Explanation:
SLR is currently maintained at 21.5% of Net Demand and Time Liabilities (NDTL) as per RBI guidelines.
Q.149
Medium
In data interpretation for banking exams, if a bank's Net Interest Income (NII) increases by 15% but Net Profit decreases by 5%, what could be the likely reason?
A
Decrease in operating expenses
B
Increase in provisions and contingencies or operating expenses
C
Improvement in asset quality
D
Increase in advances
Correct Answer:
B. Increase in provisions and contingencies or operating expenses
Explanation:
If NII increases but Net Profit decreases, it indicates higher provisions/contingencies or elevated operating expenses offsetting income gains.
Q.150
Medium
Which term refers to the difference between the Repo Rate and the Reverse Repo Rate set by RBI?
A
Corridor
B
Spread
C
Liquidity Adjustment Facility (LAF)
D
Policy Rate
Correct Answer:
A. Corridor
Explanation:
The corridor refers to the band between Repo Rate (upper ceiling) and Reverse Repo Rate (lower floor) for overnight lending.
