Govt. Exams
Entrance Exams
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Topics in Bank PO / Clerk / RBI
What is the primary function of the Financial Stability and Development Council (FSDC)?
Correct Answer:
B. To coordinate among financial sector regulators
EXPLANATION
FSDC coordinates among RBI, SEBI, IRDAI, and other regulators for financial stability.
Which Act regulates banking sector operations and customer protection in India?
Correct Answer:
A. Banking Regulation Act, 1949
EXPLANATION
The Banking Regulation Act, 1949 is the primary statute governing banks in India.
What is the current reverse repo rate as per RBI's latest monetary policy (2024-2025)?
Correct Answer:
B. 6.00%
EXPLANATION
The reverse repo rate is typically 50 bps below the repo rate, set at 6.00% in 2024-2025.
Which financial year did India adopt the Goods and Services Tax (GST)?
Correct Answer:
C. 2017-18
EXPLANATION
GST was implemented in India from July 1, 2017 (2017-18 financial year).
Which of the following is NOT a type of Non-Performing Asset (NPA)?
Correct Answer:
D. Standard assets
EXPLANATION
Standard assets are performing assets. NPAs include substandard, doubtful, and loss assets.
Under Basel III norms, what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for banks?
Correct Answer:
C. 10.5%
EXPLANATION
Basel III requires banks to maintain a minimum CRAR of 10.5% (including capital conservation buffer).
What is the minimum paid-up capital required for a Small Finance Bank to operate in India as per RBI guidelines (2024)?
Correct Answer:
B. Rs. 100 crore
EXPLANATION
RBI requires Small Finance Banks to maintain a minimum paid-up capital of Rs. 100 crore.
