Showing 231–240 of 494 questions
Q.231
Hard
General Awareness
Which act governs the regulation of microfinance institutions in India?
A
Microfinance Institutions (Development and Regulation) Act, 2006
B
Banking Regulation Act, 1949
C
RBI Act, 1934
D
Pradhan Mantri Mudra Yojana Act, 2015
Correct Answer:
A. Microfinance Institutions (Development and Regulation) Act, 2006
Explanation:
The Microfinance Institutions (Development and Regulation) Act, 2006 specifically regulates MFIs, focusing on transparency and consumer protection.
Q.232
Hard
General Awareness
What is the primary role of the Financial Stability and Development Council (FSDC)?
A
To regulate stock exchanges
B
To coordinate among financial regulators for financial stability
C
To manage public sector banks
D
To monitor international trade
Correct Answer:
B. To coordinate among financial regulators for financial stability
Explanation:
FSDC, chaired by the Finance Minister, coordinates between RBI, SEBI, IRDA, and other financial regulators to ensure financial stability.
Q.233
Medium
General Awareness
As per RBI's 2024 guidelines, what is the maximum Loan-to-Value (LTV) ratio for housing loans?
Explanation:
RBI guidelines specify 80% as the maximum LTV ratio for housing loans to manage systemic risk.
Q.234
Easy
General Awareness
Which banking regulation framework replaced the Basel II framework?
A
Basel I
B
Basel III
C
Basel IV
D
Basel Standard
Correct Answer:
B. Basel III
Explanation:
Basel III replaced Basel II framework with stricter capital requirements and liquidity standards implemented post-2008 financial crisis.
Q.235
Easy
General Awareness
What does NEFT stand for?
A
National Electronic Fund Transfer
B
National Electronic Financial Transaction
C
National External Fund Transfer
D
National Electronic Funds Transaction
Correct Answer:
A. National Electronic Fund Transfer
Explanation:
NEFT stands for National Electronic Fund Transfer, a system for electronic transfer of funds between banks in India.
Q.236
Medium
General Awareness
Under which Act is the Payment and Settlement Systems regulated in India?
A
Banking Regulation Act, 1949
B
Payment and Settlement Systems Act, 2007
C
Reserve Bank of India Act, 1934
D
Foreign Exchange Management Act, 1999
Correct Answer:
B. Payment and Settlement Systems Act, 2007
Explanation:
The Payment and Settlement Systems Act, 2007 provides the legal framework for regulating payment systems in India.
Q.237
Easy
General Awareness
What is the tenure of the current Governor of RBI (as of 2024)?
A
3 years
B
5 years
C
6 years
D
7 years
Correct Answer:
C. 6 years
Explanation:
The RBI Governor's tenure is 6 years or until age 65, whichever is earlier.
Q.238
Medium
General Awareness
Which committee was set up to review the monetary policy framework in India?
A
Urjit Patel Committee
B
Raghuram Rajan Committee
C
Nirmala Sitharaman Committee
D
Viral Acharya Committee
Correct Answer:
A. Urjit Patel Committee
Explanation:
The Urjit Patel Committee (2014) reviewed the monetary policy framework and recommended an inflation-targeting approach.
Q.239
Medium
General Awareness
What is the current Statutory Liquidity Ratio (SLR) as per RBI's latest directive?
A
18%
B
19.5%
C
20%
D
25%
Explanation:
As of 2024, the SLR is set at 19.5% of Net Demand and Time Liabilities (NDTL).
Q.240
Medium
General Awareness
Which of the following is an example of a non-bank financial institution (NBFI)?
A
Scheduled Commercial Bank
B
Housing Finance Company
C
Public Sector Bank
D
Cooperative Bank
Correct Answer:
B. Housing Finance Company
Explanation:
Housing Finance Companies are regulated NBFIs that provide financing for housing but are not classified as banks.
