Showing 41–50 of 200 questions
in General Awareness
Q.41
Medium
General Awareness
What is the current Reverse Repo Rate as per the latest RBI monetary policy (2024-2025)?
A
5.75%
B
6.00%
C
5.50%
D
6.25%
Explanation:
The Reverse Repo Rate is typically 25-50 basis points below the Policy Repo Rate. Check latest RBI announcements for exact current rate.
Q.42
Medium
General Awareness
Under which Act does the RBI regulate the functioning of payment systems 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 grants RBI the authority to regulate and oversee payment systems in India.
Q.43
Medium
General Awareness
Which of the following best describes 'Liquidity Coverage Ratio (LCR)'?
A
Ratio of liquid assets to total assets
B
Ratio of high-quality liquid assets to net cash outflows over 30 days
C
Ratio of advances to deposits
D
Ratio of equity to total liabilities
Correct Answer:
B. Ratio of high-quality liquid assets to net cash outflows over 30 days
Explanation:
LCR is a Basel III requirement ensuring banks maintain sufficient high-quality liquid assets to survive a 30-day liquidity stress scenario.
Q.44
Medium
General Awareness
What is the primary objective of the Insolvency and Bankruptcy Code, 2016?
A
To regulate interest rates on loans
B
To provide a time-bound resolution mechanism for stressed assets
C
To increase bank lending to MSMEs
D
To promote digital banking services
Correct Answer:
B. To provide a time-bound resolution mechanism for stressed assets
Explanation:
IBC aims to provide a unified mechanism to resolve corporate insolvency through a time-bound process of 180 days (extendable to 270 days).
Q.45
Easy
General Awareness
Which banking service allows customers to access their bank account through mobile devices using Internet banking?
A
NFC Banking
B
Mobile Banking
C
ATM Services
D
Payment Gateway
Correct Answer:
B. Mobile Banking
Explanation:
Mobile banking enables customers to perform banking transactions through smartphones via internet or mobile apps.
Q.46
Easy
General Awareness
What does NEFT stand for in the context of banking?
A
National Electronic Fund Transfer
B
National Express Financial Transaction
C
Net Electronic Fund Transaction
D
National Efficient Financial Transfer
Correct Answer:
A. National Electronic Fund Transfer
Explanation:
NEFT is a system for transferring funds electronically between banks, processing transactions in batches at predetermined intervals.
Q.47
Medium
General Awareness
Under the 2024 RBI guidelines, what is the minimum Capital Adequacy Ratio (CAR) required for Scheduled Commercial Banks?
A
9%
B
10.5%
C
11.5%
D
12.5%
Explanation:
RBI mandates a minimum CAR of 10.5% for SCBs (including Tier-1 and Tier-2 capital), exceeding Basel III minimum of 8%.
Q.48
Medium
General Awareness
Which international financial organization publishes the Basel Accords that guide banking regulations?
A
International Monetary Fund (IMF)
B
World Bank
C
Basel Committee on Banking Supervision (BCBS)
D
Bank for International Settlements (BIS)
Correct Answer:
C. Basel Committee on Banking Supervision (BCBS)
Explanation:
BCBS, established in 1974, develops banking regulations and prudential standards, publishing Basel I, II, and III accords.
Q.49
Medium
General Awareness
What is the purpose of the Marginal Standing Facility (MSF) introduced by RBI?
A
To provide overnight lending to banks against approved securities
B
To regulate stock market operations
C
To manage foreign exchange reserves
D
To monitor non-performing assets
Correct Answer:
A. To provide overnight lending to banks against approved securities
Explanation:
MSF allows scheduled banks to borrow funds overnight from RBI at a penal rate against eligible securities when other liquidity sources are exhausted.
Q.50
Hard
General Awareness
Which committee was constituted to review the regulation of shadow banking in India?
A
Patel Committee
B
Narasimham Committee
C
Y.V. Reddy Committee
D
Nayak Committee
Correct Answer:
D. Nayak Committee
Explanation:
The Nayak Committee (2013) examined shadow banking entities and recommended a regulatory framework for NBFCs engaged in banking activities.
