Showing 131–140 of 200 questions
in General Awareness
Q.131
Easy
General Awareness
Which of the following is the regulator of payment systems in India?
A
Reserve Bank of India
B
Securities and Exchange Board of India
C
Insurance Regulatory and Development Authority
D
Ministry of Finance
Correct Answer:
A. Reserve Bank of India
Explanation:
The RBI is the central bank and primary regulator of payment systems in India, including NEFT, RTGS, and UPI.
Q.132
Easy
General Awareness
What is the full form of KYC in banking?
A
Know Your Client
B
Know Your Credit
C
Key Yield Certificate
D
Know Your Capital
Correct Answer:
A. Know Your Client
Explanation:
KYC (Know Your Client) is a mandatory process for banks to verify customer identity and assess potential risks of illegal activities.
Q.133
Medium
General Awareness
Which bank is the oldest bank in continuous operation in India?
A
State Bank of India
B
Bank of India
C
Punjab National Bank
D
Allahabad Bank
Correct Answer:
D. Allahabad Bank
Explanation:
Allahabad Bank, established in 1865, is the oldest bank in continuous operation in India and was the first bank founded by Indians.
Q.134
Medium
General Awareness
As per RBI's latest norms (2024), what is the minimum capital adequacy ratio (CAR) for scheduled commercial banks?
Explanation:
RBI prescribes a minimum CAR of 10.5% for scheduled commercial banks, which includes minimum Tier I capital of 7.5%.
Q.135
Medium
General Awareness
Which of the following accurately describes a Statutory Liquidity Ratio (SLR)?
A
Percentage of deposits banks must maintain as cash in hand
B
Percentage of deposits banks must maintain in liquid assets like government securities
C
Percentage of loans banks can issue against deposits
D
Percentage of capital reserves banks must hold
Correct Answer:
B. Percentage of deposits banks must maintain in liquid assets like government securities
Explanation:
SLR is the percentage of deposits that banks must maintain in prescribed liquid assets such as government securities and treasury bills.
Q.136
Medium
General Awareness
What is the current SLR requirement as per RBI guidelines (2024)?
Explanation:
As per RBI's current guidelines, the Statutory Liquidity Ratio is fixed at 18% of net demand and time liabilities.
Q.137
Easy
General Awareness
Which digital payment system is promoted by RBI and developed by NPCI?
A
Google Pay
B
Unified Payments Interface (UPI)
C
Apple Pay
D
PhonePe
Correct Answer:
B. Unified Payments Interface (UPI)
Explanation:
UPI is a real-time payment system developed by NPCI and promoted by RBI for seamless fund transfers.
Q.138
Medium
General Awareness
What is the purpose of the Pradhan Mantri Mudra Yojana (PMMY)?
A
To provide housing loans to poor families
B
To provide collateral-free loans to micro and small enterprises
C
To provide agricultural loans to farmers
D
To provide education loans to students
Correct Answer:
B. To provide collateral-free loans to micro and small enterprises
Explanation:
PMMY aims to promote micro and small enterprises by providing collateral-free loans up to 10 lakhs for business activities.
Q.139
Easy
General Awareness
Which RBI scheme was introduced to address financial inclusion and reduce digital divide?
A
Jan Dhan Yojana
B
Pradhan Mantri Jan Suraksha Yojana
C
Prime Minister Street Vendor's AtmaNirbhar Nidhi
D
Atal Pension Yojana
Correct Answer:
A. Jan Dhan Yojana
Explanation:
Pradhan Mantri Jan Dhan Yojana targets financial inclusion by opening basic bank accounts for all citizens, especially the unbanked.
Q.140
Hard
General Awareness
In terms of banking operations, what does 'Clean Demand Draft' mean?
A
A demand draft issued without any encumbrances
B
A demand draft not backed by merchandise or documents
C
A demand draft issued in clean currency notes
D
A demand draft with no crossing marks
Correct Answer:
B. A demand draft not backed by merchandise or documents
Explanation:
A clean demand draft is one that is not drawn against any trade documents or merchandise, issued purely as credit.
