General Awareness
Q.91
Hard
What does the term 'Liquidity Coverage Ratio (LCR)' measure?
A
The ability of a bank to meet its short-term obligations
B
The ratio of total assets to total liabilities
C
The percentage of non-performing assets
D
The profitability of a bank
Correct Answer:
A. The ability of a bank to meet its short-term obligations
Explanation:
LCR under Basel III measures a bank's ability to survive a severe liquidity stress scenario lasting 30 days by maintaining sufficient high-quality liquid assets.
Q.92
Easy
Which of the following is the regulatory body that oversees the payment and settlement systems in India?
A
NPCI
B
SEBI
C
RBI
D
IRDA
Explanation:
The Reserve Bank of India (RBI) oversees payment and settlement systems in India. NPCI is a subsidiary of RBI that operates retail payment systems.
Q.93
Easy
What is the full form of RTGS, which is used for large value fund transfers in India?
A
Real Time Gross Settlement
B
Rapid Transfer Gross System
C
Real Transaction Gross Settlement
D
Regulated Transfer Gross System
Correct Answer:
A. Real Time Gross Settlement
Explanation:
RTGS stands for Real Time Gross Settlement, which is used for settlement of large value transactions on a real-time basis.
Q.94
Medium
Which committee was constituted to review the regulatory framework for NBFCs in India?
A
Narasimhan Committee
B
Usha Thorat Committee
C
Tarapore Committee
D
Chakraborty Committee
Correct Answer:
B. Usha Thorat Committee
Explanation:
The Usha Thorat Committee (2023) was constituted to review the regulatory framework for Non-Banking Financial Companies (NBFCs) in India.
Q.95
Easy
What is the primary objective of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
A
To provide credit facilities to banks
B
To insure deposits and guarantee credits of banks
C
To regulate the banking sector
D
To monitor stock market operations
Correct Answer:
B. To insure deposits and guarantee credits of banks
Explanation:
DICGC's primary objective is to insure deposits of depositors and guarantee credits of banks up to specified limits.
Q.96
Medium
As per DICGC norms (2024), what is the maximum deposit insurance coverage per depositor per bank?
A
₹5 lakhs
B
₹10 lakhs
C
₹50 lakhs
D
₹1 crore
Correct Answer:
A. ₹5 lakhs
Explanation:
The maximum deposit insurance coverage under DICGC is ₹5 lakhs per depositor per bank as per the current norms.
Q.97
Easy
Which of the following is NOT a function of the RBI?
A
Issuing currency notes
B
Regulating monetary policy
C
Managing stock exchanges
D
Acting as banker to the government
Correct Answer:
C. Managing stock exchanges
Explanation:
Stock exchanges are regulated by SEBI, not RBI. RBI issues currency, regulates monetary policy, and acts as banker to the government.
Q.98
Medium
What does the term 'Statutory Liquidity Ratio (SLR)' refer to in banking?
A
Percentage of deposits banks must maintain in government securities
B
Percentage of deposits banks must maintain as cash reserves
C
Maximum lending limit for banks
D
Interest rate charged by RBI on loans
Correct Answer:
A. Percentage of deposits banks must maintain in government securities
Explanation:
SLR refers to the percentage of their deposits that commercial banks must maintain in the form of liquid assets like government securities.
Q.99
Medium
Which of the following payment systems is operated by NPCI and is used for retail payments?
A
NEFT
B
UPI
C
RTGS
D
CHIPS
Explanation:
UPI (Unified Payments Interface) is operated by NPCI for retail payments. NEFT and RTGS are operated by RBI, while CHIPS is a US-based system.
Q.100
Medium
What is the current policy repo rate set by RBI as of 2024-2025?
A
4.5%
B
5.75%
C
6.5%
D
7.0%
Explanation:
The RBI's policy repo rate stands at 6.5% as per the latest monetary policy decisions in 2024-2025.
