SI = (P × R × T)/100 = (50,000 × 8 × 3)/100 = ₹12,000
A debit in Current Account means the account holder is in overdraft and owes money to the bank
RBI discontinued Base Rate framework in October 2019 and replaced it with repo rate-based monetary transmission
Repo Rate is higher than Reverse Repo Rate, so banks earn more when lending to the central bank versus borrowing
A = P(1 + r/100)^n = 1,00,000(1.07)^2 = 1,00,000 × 1.1449 = ₹1,14,490
DICGC (now DIGC) covers maximum ₹5 lakh per depositor per bank since May 2021
NPA is a classification for loans where principal or interest payment is overdue by 90 days or more
SI = (2,00,000 × 12 × 5)/100 = ₹1,20,000
CAR of 15% means the bank has adequate capital buffer. Regulatory minimum is 10.5%, so 15% indicates compliance and strength
As of 2024, RBI maintains SLR requirement at 18% of Net Demand and Time Liabilities (NDTL)
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