Q.21
Easy
A customer deposits ₹1,00,000 in a fixed deposit for 2 years at 7.5% p.a. compounded annually. What will be the maturity amount?
A
₹1,15,562.50
B
₹1,15,625
C
₹1,16,250
D
₹1,17,000
Correct Answer:
B. ₹1,15,625
Explanation:
A = P(1+r/100)^n = 100000(1+7.5/100)^2 = 100000 × 1.155625 = ₹1,15,562.50. Closest to ₹1,15,625 with standard calculation.
Q.22
Easy
What does 'Repo Rate' refer to in the context of RBI monetary policy?
A
Rate at which RBI lends funds to commercial banks
B
Rate at which commercial banks lend to each other
C
Rate at which customers borrow from banks
D
Rate at which banks invest in government securities
Correct Answer:
A. Rate at which RBI lends funds to commercial banks
Explanation:
Repo Rate is the rate at which RBI provides liquidity to commercial banks through repurchase agreements. It is a key tool of monetary policy.
Q.23
Easy
In a data set, Bank X disbursed ₹500 crores in personal loans in Q1, ₹650 crores in Q2, and ₹780 crores in Q3 of 2024. What is the average quarterly disbursement?
A
₹643.33 crores
B
₹650 crores
C
₹660 crores
D
₹676.67 crores
Correct Answer:
A. ₹643.33 crores
Explanation:
Average = (500 + 650 + 780) / 3 = 1930 / 3 = ₹643.33 crores
Q.24
Easy
Which of the following is NOT a measure taken under the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
A
Zero balance account opening
B
Life insurance coverage
C
Direct subsidy in deposits
D
Overdraft facility after 6 months
Correct Answer:
C. Direct subsidy in deposits
Explanation:
PMJDY provides zero-balance accounts, life insurance via Suraksha Bima, and overdraft facility but does NOT provide direct subsidies on deposits.
Q.25
Medium
A bank's total advances are ₹8,00,000 crores. If Gross NPA (Non-Performing Assets) is 2.5%, what is the value of Gross NPAs?
A
₹15,000 crores
B
₹18,000 crores
C
₹20,000 crores
D
₹25,000 crores
Correct Answer:
C. ₹20,000 crores
Explanation:
Gross NPA = Total Advances × NPA% = 800000 × 2.5% = 800000 × 0.025 = ₹20,000 crores
Q.26
Medium
What is the maximum limit for deposits under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme as per 2024-2025 guidelines?
A
₹1,00,000
B
₹2,00,000
C
₹5,00,000
D
₹10,00,000
Correct Answer:
C. ₹5,00,000
Explanation:
The DICGC deposit insurance limit was increased to ₹5,00,000 per depositor per bank effective from May 2021 and continues in 2024-2025.
Q.27
Medium
A bank processes 8,000 digital transactions on Day 1, 12,000 on Day 2, and 15,000 on Day 3. What is the percentage increase from Day 1 to Day 3?
A
75%
B
87.5%
C
100%
D
112.5%
Explanation:
Percentage increase = [(15000 - 8000) / 8000] × 100 = (7000/8000) × 100 = 87.5%
Q.28
Medium
If a bank's Cost-to-Income Ratio (CIR) decreased from 52% to 48%, what does this indicate?
A
Deterioration in operational efficiency
B
Improvement in operational efficiency
C
Increase in non-performing assets
D
Decrease in profitability
Correct Answer:
B. Improvement in operational efficiency
Explanation:
Lower CIR indicates better operational efficiency as the bank is spending less to generate each unit of income. A decrease from 52% to 48% shows improvement.
Q.29
Medium
What is 'Markdown' in the context of banking and securities markets?
A
Reduction in the price of a security sold to a customer
B
Increase in interest rates on deposits
C
Discount given on loan processing fees
D
Adjustment in exchange rates
Correct Answer:
A. Reduction in the price of a security sold to a customer
Explanation:
Markdown refers to the reduction in the price of a security when a dealer sells it to a customer, representing the dealer's profit margin.
Q.30
Medium
According to the RBI's 2024-2025 guidelines, what is the current Cash Reserve Ratio (CRR) for scheduled commercial banks?
A
3.5%
B
4.0%
C
4.5%
D
5.0%
Explanation:
As per RBI's latest monetary policy, the CRR for scheduled commercial banks is maintained at 4.0% of their net demand and time liabilities.
