Which regulatory body is responsible for regulating Cooperative Banks in India?

The correct answer is B: RBI and State Governments. Cooperative Banks are regulated jointly by RBI (for scheduled cooperative banks) and respective State Governments under dual regulatory framework in India.

What is the current Inflation Target set by RBI for monetary policy?

The correct answer is B: 4% with a band of ±2%. RBI's inflation target is 4% (Consumer Price Index) with an upper tolerance of 6% and lower tolerance of 2%, as per the RBI Act amendment.

What is the coverage amount under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme as of 2024?

The correct answer is C: ₹5 lakhs per depositor per bank. DICGC provides deposit insurance coverage of ₹5 lakhs per depositor per bank to ensure depositor security.

Which of the following is NOT covered under the definition of a 'Non-Banking Financial Company' (NBFC)?

The correct answer is C: Commercial banks. Commercial banks are not NBFCs. NBFCs are financial institutions that provide lending and other financial services but cannot accept deposits from the general public.

If Bank A's Capital Adequacy Ratio (CAR) is 15% and Bank B's CAR is 12%, which bank has a stronger capital position relative to the Basel III minimum requirement of 10.5%?

The correct answer is A: Bank A with a buffer of 4.5% above minimum. Bank A has CAR of 15% vs Basel III minimum of 10.5%, giving a buffer of 4.5%. Bank B has only 1.5% buffer. Higher CAR indicates stronger capital position and lower risk.

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Bank PO / Clerk / RBI
General Awareness

PO, Clerk, RRB — Quantitative, Reasoning, GK

104 Q 3 Topics Take Mock Test

Difficulty: All Easy Medium Hard 61–70 of 104

Topics in Bank PO / Clerk / RBI

All General Awareness 200 Banking Awareness 18 Data Interpretation 100

Q.61 Medium General Awareness

What is the objective of the Pradhan Mantri Fasal Bima Yojana (PMFBY)?

A To provide health insurance to farmers

B To provide crop insurance coverage against crop failure

C To subsidize fertilizer costs

D To provide agricultural loans at zero interest

Correct Answer: B. To provide crop insurance coverage against crop failure

EXPLANATION

PMFBY provides comprehensive crop insurance coverage to farmers against crop failure due to natural calamities, pests, and diseases at affordable premiums.

Test

Q.62 Medium General Awareness

What is the significance of the CRR (Cash Reserve Ratio)?

A It is the interest rate charged on loans

B It is the minimum percentage of deposits banks must keep with RBI as cash

C It is the lending rate between banks

D It is the rate of inflation adjustment

Correct Answer: B. It is the minimum percentage of deposits banks must keep with RBI as cash

EXPLANATION

CRR is the percentage of bank deposits that commercial banks are required to keep as cash reserves with the RBI without earning any interest.

Test

Q.63 Medium General Awareness

Under the Pradhan Mantri Mudra Yojana (PMMY), who are the target beneficiaries?

A Large manufacturing units

B Non-corporate small businesses and startups

C Only women entrepreneurs

D Agricultural enterprises only

Correct Answer: B. Non-corporate small businesses and startups

EXPLANATION

PMMY targets non-corporate and non-farm small/micro businesses for collateral-free loans. It includes Shishu, Kishor, and Tarun loan schemes up to ₹10 lakh.

Test

Q.64 Medium General Awareness

What does the term 'Statutory Liquidity Ratio (SLR)' refer to?

A The ratio of deposits to advances

B The minimum percentage of deposits banks must invest in government securities

C The ratio of capital to risk-weighted assets

D The percentage of deposits available for lending

Correct Answer: B. The minimum percentage of deposits banks must invest in government securities

EXPLANATION

SLR is the minimum percentage of deposits that commercial banks are required to maintain in the form of government securities and other approved securities with RBI.

Test

Q.65 Medium General Awareness

What is the primary role of the Monetary Policy Committee (MPC)?

A To formulate fiscal policy

B To fix the Repo Rate and conduct monetary policy

C To regulate stock exchanges

D To approve government budgets

Correct Answer: B. To fix the Repo Rate and conduct monetary policy

EXPLANATION

The Monetary Policy Committee, headed by the RBI Governor, is responsible for fixing the Repo Rate and conducting monetary policy to achieve inflation control and growth.

Test

Q.66 Medium General Awareness

Which committee is responsible for reviewing the regulatory framework for banks in India?

A Patel Committee

B Ghosh Committee

C Basle Committee

D Tarapore Committee

Correct Answer: C. Basle Committee

EXPLANATION

The Basel Committee on Banking Supervision sets international standards for bank capital adequacy. Basel III norms have been implemented in India by RBI for regulatory framework.

Test

Q.67 Medium General Awareness

What is the maximum limit of deposits insured under DICGC?

A ₹1 lakh per depositor per bank

B ₹5 lakh per depositor per bank

C ₹10 lakh per depositor per bank

D ₹20 lakh per depositor per bank

Correct Answer: B. ₹5 lakh per depositor per bank

EXPLANATION

The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides deposit insurance coverage of up to ₹5 lakh per depositor per bank, increased from ₹1 lakh in 2020.

Test

Q.68 Medium General Awareness

What is the current base rate structure replaced with?

A MCLR (Marginal Cost of Lending Rate)

B Bank Rate

C Repo Rate

D Fixed Rate

Correct Answer: A. MCLR (Marginal Cost of Lending Rate)

EXPLANATION

RBI replaced the Base Rate system with MCLR in 2016 to make lending rates more transparent and responsive to policy changes.

Test

Q.69 Medium General Awareness

Under Know Your Customer (KYC) norms, what is the validity period for re-KYC for high-risk customers?

A 2 years

B 4 years

C 5 years

D 10 years

Correct Answer: A. 2 years

EXPLANATION

As per RBI's 2024 KYC guidelines, high-risk customers require re-KYC verification every 2 years.

Test

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.

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Bank PO / Clerk / RBI General Awareness

Bank PO / Clerk / RBI
General Awareness