Showing 331–340 of 494 questions
Q.331
Easy
General Awareness
What is the full form of NPA in banking context?
A
Non-Performing Asset
B
Non-Profit Association
C
National Payment Authority
D
Non-Public Asset
Correct Answer:
A. Non-Performing Asset
Explanation:
NPA (Non-Performing Asset) refers to a loan or advance where interest and principal payments are overdue for 90 days or more.
Q.332
Medium
General Awareness
Which payment system allows instant transfer of funds between bank accounts?
A
NEFT (National Electronic Funds Transfer)
B
RTGS (Real Time Gross Settlement)
C
Cheque Clearing
D
DD (Demand Draft)
Correct Answer:
B. RTGS (Real Time Gross Settlement)
Explanation:
RTGS enables real-time settlement of fund transfers, typically for high-value transactions above Rs. 2 lakhs.
Q.333
Medium
General Awareness
What is the primary function of the Clearing Corporation of India Limited (CCIL)?
A
To regulate stock market operations
B
To act as central counterparty for trades in money market and government securities
C
To issue currency notes
D
To manage foreign exchange reserves
Correct Answer:
B. To act as central counterparty for trades in money market and government securities
Explanation:
CCIL acts as a central counterparty (CCP) for trades in money markets and government securities, reducing counterparty risk.
Q.334
Medium
General Awareness
Which RBI scheme targets financial inclusion through digital channels?
A
RBI Digital Transformation Program
B
Fintech Innovation Hub
C
BHIM AEPS (Aadhaar Enabled Payment System)
D
Digital Banking Accelerator
Correct Answer:
C. BHIM AEPS (Aadhaar Enabled Payment System)
Explanation:
BHIM AEPS enables cardless, cashless transactions using Aadhaar biometrics, promoting financial inclusion in rural areas.
Q.335
Medium
General Awareness
What is the current Cash Reserve Ratio (CRR) as per RBI's latest monetary policy stance (2024)?
A
4.0%
B
4.5%
C
5.0%
D
5.5%
Explanation:
The CRR is maintained at 4.5% of banks' Net Demand and Time Liabilities (NDTL) as per recent RBI policy guidelines.
Q.336
Easy
General Awareness
What does CIBIL score measure in the Indian banking system?
A
Credit Worthiness of an Individual
B
Capital Investment Balance
C
Compliance Index for Banks
D
Currency Inflation Balance Index
Correct Answer:
A. Credit Worthiness of an Individual
Explanation:
CIBIL (Credit Information Bureau India Limited) score measures individual and corporate creditworthiness based on credit history.
Q.337
Medium
General Awareness
Which Indian banks were recently merged under the Bank Consolidation Scheme?
A
PNB, OBC, and United Bank merged into PNB
B
Dena Bank and Vijaya Bank merged into Bank of Baroda
C
Both A and B
D
Only SBI entities merged
Correct Answer:
C. Both A and B
Explanation:
India undertook significant bank consolidation in 2019: Dena and Vijaya banks merged into BoB; PNB merged with OBC and UBI.
Q.338
Medium
General Awareness
What is the primary purpose of the Integrated Ombudsman Scheme 2021?
A
To regulate banking interest rates
B
To redress customer grievances related to banking services and RBI operations
C
To promote digital banking adoption
D
To manage bank mergers and acquisitions
Correct Answer:
B. To redress customer grievances related to banking services and RBI operations
Explanation:
The Integrated Ombudsman Scheme 2021 provides a mechanism for customers to file complaints and seek redressal against banking services.
Q.339
Hard
General Awareness
Under which regulation must banks maintain a minimum Tier 1 capital ratio?
A
Banking Regulation Act 1949
B
Basel III Framework
C
Reserve Bank of India Act 1934
D
Foreign Exchange Management Act 1999
Correct Answer:
B. Basel III Framework
Explanation:
Basel III framework mandates minimum Tier 1 capital ratio of 8.5% for banks' regulatory compliance.
Q.340
Hard
General Awareness
What is the significance of ISIN in securities market operations?
A
It identifies individual securities globally
B
It determines stock market index values
C
It regulates currency exchange rates
D
It measures banking sector profitability
Correct Answer:
A. It identifies individual securities globally
Explanation:
ISIN (International Securities Identification Number) uniquely identifies individual securities across global markets.
