Showing 141–150 of 200 questions
in General Awareness
Q.141
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.142
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.143
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.144
Hard
General Awareness
Which of the following best describes 'Basel III' in banking?
A
A payment system used by Indian banks
B
An international regulatory framework for bank capital adequacy and risk management
C
A loan classification system for non-performing assets
D
A digital banking security protocol
Correct Answer:
B. An international regulatory framework for bank capital adequacy and risk management
Explanation:
Basel III is an international regulatory framework developed by the Basel Committee on Banking Supervision for bank capital and risk management.
Q.145
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.146
Hard
General Awareness
Which RBI initiative aims to provide a framework for facilitating cross-border payments in rupees?
A
International Monetary Fund
B
Rupee Trade Corridor
C
Global Financial System
D
Internationalization of the Rupee
Correct Answer:
D. Internationalization of the Rupee
Explanation:
RBI has been promoting the internationalization of the rupee to facilitate cross-border payments and reduce dependence on foreign currencies.
Q.147
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.148
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.149
Easy
General Awareness
Which of the following is a negotiable instrument used in banking?
A
Bearer Bond
B
Promissory Note
C
Stock Certificate
D
Insurance Policy
Correct Answer:
B. Promissory Note
Explanation:
A Promissory Note is a negotiable instrument that represents a written promise to pay a specified sum to a creditor.
Q.150
Easy
General Awareness
What does KYC stand for in banking terminology?
A
Know Your Client
B
Keep Your Capital
C
Key Yearly Calculation
D
Knowledge Yield Certificate
Correct Answer:
A. Know Your Client
Explanation:
KYC (Know Your Client) is a mandatory compliance process to verify customer identity and assess their financial profile.
