Q.191
Medium
Which of the following is a key feature of Unified Payments Interface (UPI) 2.0 launched in 2024?
A
Support for offline transactions and voice-enabled payments
B
Integration with cryptocurrency exchanges
C
Mandatory use of biometric authentication
D
Restriction on international transfers
Correct Answer:
A. Support for offline transactions and voice-enabled payments
Explanation:
UPI 2.0 introduced features like offline transaction capability and voice-enabled payments to enhance accessibility and user experience.
Q.192
Medium
The RBI's 'Retail Direct Scheme' allows individual investors to directly purchase government securities. What is a key benefit of this scheme?
A
Eliminates the role of brokers and reduces transaction costs
B
Provides guaranteed returns on investment
C
Allows unlimited investment without KYC requirements
D
Permits investment in corporate bonds exclusively
Correct Answer:
A. Eliminates the role of brokers and reduces transaction costs
Explanation:
The Retail Direct Scheme enables individuals to open accounts with RBI and purchase government securities directly, reducing intermediation costs.
Q.193
Medium
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.194
Medium
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.195
Medium
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.196
Medium
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.197
Medium
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.198
Medium
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.199
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.200
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.
