Showing 161–170 of 246 questions
Q.161
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.162
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.163
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.164
Medium
General Awareness
What does SWIFT code in banking stand for?
A
Society for Worldwide Interbank Financial Telecommunications
B
System for Web-based International Fund Transfer
C
Secure Wireless International Transaction Format
D
Standard Worldwide International Fund Transfer
Correct Answer:
A. Society for Worldwide Interbank Financial Telecommunications
Explanation:
SWIFT is a global standard for secure international fund transfers and messaging between banks worldwide.
Q.165
Medium
General Awareness
A customer's bank account becomes inoperative if no transaction occurs for how long?
A
6 months
B
12 months
C
24 months
D
36 months
Correct Answer:
B. 12 months
Explanation:
As per RBI guidelines, a savings or current account becomes 'inoperative' if there is no transaction for 12 consecutive months.
Q.166
Medium
General Awareness
Which of the following correctly defines 'Bancassurance'?
A
Insurance provided by banks to their employees only
B
Distribution of insurance products through bank branches and channels
C
Life insurance exclusively for senior bank officials
D
Insurance against bank fraud and cyber attacks
Correct Answer:
B. Distribution of insurance products through bank branches and channels
Explanation:
Bancassurance is the delivery and distribution of insurance products through banking channels to customers.
Q.167
Medium
General Awareness
What is the current statutory liquidity ratio (SLR) requirement set by RBI for banks?
Explanation:
As per RBI guidelines, banks must maintain a minimum SLR of 18% of their net demand and time liabilities.
Q.168
Medium
General Awareness
Which RBI framework regulates digital lending operations in India?
A
Digital Banking Directive 2020
B
Guidelines on Digital Lending Operations 2023
C
E-Lending Authorization Act
D
Cyber Banking Regulation 2022
Correct Answer:
B. Guidelines on Digital Lending Operations 2023
Explanation:
RBI issued Guidelines on Digital Lending Operations in 2023 to regulate fintech lending platforms and digital lenders.
Q.169
Medium
General Awareness
What is the minimum Capital Adequacy Ratio (CAR) required for Scheduled Commercial Banks under Basel III framework?
Explanation:
Under Basel III, the minimum CAR for Scheduled Commercial Banks is 11.5%, comprising 9.5% for common equity and 1% for additional tier-1 capital.
Q.170
Medium
General Awareness
Which payment system allows instant transfer of funds between bank accounts?
A
NEFT (National Electronic Funds Transfer)
B
RTGS (Real Time Gross Settlement)
C
Cheque Clearing
D
DD (Demand Draft)
Correct Answer:
B. RTGS (Real Time Gross Settlement)
Explanation:
RTGS enables real-time settlement of fund transfers, typically for high-value transactions above Rs. 2 lakhs.
