Showing 51–60 of 200 questions
in General Awareness
Q.51
Easy
General Awareness
What is the tenure period for the current Governor of the Reserve Bank of India as of 2024-2025?
A
3 years
B
5 years
C
6 years
D
7 years
Correct Answer:
C. 6 years
Explanation:
The RBI Governor's tenure is typically 6 years or until the age of 65 years, whichever is earlier.
Q.52
Medium
General Awareness
Under which facility can banks borrow money from RBI on a temporary basis to manage short-term liquidity mismatches?
A
Open Market Operations (OMO)
B
Repo Operations
C
Liquidity Adjustment Facility (LAF)
D
Collateralized Borrowing and Lending Obligation (CBLO)
Correct Answer:
C. Liquidity Adjustment Facility (LAF)
Explanation:
LAF allows banks to borrow through Repo (overnight) or Reverse Repo to manage short-term liquidity needs.
Q.53
Medium
General Awareness
Which of the following is a regulatory tool used by RBI to control inflation and manage money supply?
A
Quantitative Easing
B
Open Market Operations (OMO)
C
Fiscal policy measures
D
Tax rate adjustments
Correct Answer:
B. Open Market Operations (OMO)
Explanation:
OMO involves buying and selling government securities to regulate liquidity and money supply in the banking system.
Q.54
Medium
General Awareness
What does CASA ratio indicate in banking?
A
Cost to Assets and Savings Accounts
B
Current and Savings Accounts as a proportion of total deposits
C
Capital and Subordinated debt Accounts
D
Compliance and Safety Account Standards
Correct Answer:
B. Current and Savings Accounts as a proportion of total deposits
Explanation:
CASA (Current Account Saving Account) ratio measures the proportion of low-cost deposits, indicating deposit quality and profitability.
Q.55
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.56
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.57
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.58
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.59
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.60
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.
