Showing 61–70 of 200 questions
in General Awareness
Q.61
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.62
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.63
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.64
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.
Q.65
Medium
General Awareness
What is the primary objective of the Digital Payment Index (DPI) launched by RBI?
A
To track inflation rates
B
To measure digital payment adoption and penetration across the economy
C
To regulate cryptocurrency
D
To control money supply
Correct Answer:
B. To measure digital payment adoption and penetration across the economy
Explanation:
The Digital Payment Index measures and monitors the progress of digital payments in the country across various segments.
Q.66
Hard
General Awareness
Which framework governs Systemically Important Non-Banking Financial Companies (Si-NBFCs)?
A
Basel III framework
B
Micro Prudential Regulation framework
C
RBI's Regulatory framework for NBFCs
D
International Financial Reporting Standards
Correct Answer:
C. RBI's Regulatory framework for NBFCs
Explanation:
RBI has a dedicated regulatory framework for NBFCs, with stricter norms for Si-NBFCs to maintain systemic stability.
Q.67
Easy
General Awareness
What is the minimum amount required to open a Sukanya Samriddhi Account?
A
₹250
B
₹500
C
₹1,000
D
₹1,500
Correct Answer:
C. ₹1,000
Explanation:
The minimum opening balance for Sukanya Samriddhi Account is ₹1,000 as per 2024 guidelines.
Q.68
Medium
General Awareness
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), what is the overdraft limit allowed?
A
₹5,000
B
₹10,000
C
₹15,000
D
₹20,000
Correct Answer:
B. ₹10,000
Explanation:
PMJDY accounts are eligible for an overdraft facility up to ₹10,000 after maintaining the account properly.
Q.69
Hard
General Awareness
Which of the following is a Tier 1 capital component for banks?
A
Subordinated debt
B
Common Equity Tier 1 (CET1)
C
Preference shares
D
Revaluation reserves
Correct Answer:
B. Common Equity Tier 1 (CET1)
Explanation:
Common Equity Tier 1 (CET1), consisting of paid-up capital and retained earnings, is the highest quality Tier 1 capital.
Q.70
Medium
General Awareness
What is the role of the Insolvency and Bankruptcy Board of India (IBBI)?
A
To regulate insurance companies
B
To regulate and supervise insolvency and bankruptcy professionals
C
To issue banking licenses
D
To monitor foreign direct investment
Correct Answer:
B. To regulate and supervise insolvency and bankruptcy professionals
Explanation:
IBBI, established under the Insolvency and Bankruptcy Code 2016, regulates insolvency professionals and the resolution process.
