What does CIBIL score measure in the Indian banking system?
Answer: A
CIBIL (Credit Information Bureau India Limited) score measures individual and corporate creditworthiness based on credit history.
Q.102Easy
Which regulatory body oversees the functioning of Non-Banking Financial Companies (NBFCs) in India?
Answer: B
The Reserve Bank of India (RBI) is responsible for regulating and supervising NBFCs. SEBI oversees capital markets, IRDA handles insurance, and PFRDA manages pension funds.
Q.103Easy
What is the primary purpose of Know Your Customer (KYC) norms in banking?
Answer: B
KYC norms are essential anti-money laundering (AML) measures that require banks to verify customer identity and monitor transactions to prevent financial crimes and terrorism financing.
Q.104Easy
Which of the following is a core function of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
Answer: B
DICGC protects depositors by insuring their bank deposits up to Rs. 5 lakh per depositor per bank. This encourages public confidence in the banking system.
Q.105Easy
Which of the following is NOT a component of Broad Money (M3) in India?
Answer: D
M3 includes currency, demand deposits, and time deposits with banks. Cryptocurrencies are not included in the official money supply measurement by RBI.
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Q.106Easy
The RBI's Repo Rate as of 2024-2025 is maintained at which level by the Monetary Policy Committee?
Answer: D
As per the latest RBI Monetary Policy (2024), the Repo Rate has been maintained at 6.5% with a focus on managing inflation while supporting growth.
Q.107Easy
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), what is the maximum life insurance cover provided to account holders?
Answer: C
PMJDY provides accidental death insurance cover of Rs. 2 lakhs (Rs. 200,000) to all beneficiaries who open accounts under the scheme.
Q.108Easy
What is the primary objective of the Basel Accords framework adopted by Indian banks?
Answer: B
Basel Accords (I, II, III) aim to strengthen the regulation, supervision, and risk management of banks to ensure financial stability.
Q.109Easy
What is the current CRR (Cash Reserve Ratio) maintained by Scheduled Commercial Banks with RBI (2024-2025)?
Answer: C
The Cash Reserve Ratio is maintained at 4.5% of Net Demand and Time Liabilities (NDTL) as per RBI's current monetary policy stance.
Q.110Easy
Which of the following is the regulatory body for banks in India?
Answer: A
RBI is the central bank and primary regulator of all banks in India.
Q.111Easy
What is the current repo rate as per RBI's latest monetary policy (2024-2025)?
Answer: B
RBI has set the repo rate at 6.50% in its latest policy review of 2024-2025.
Q.112Easy
Which bank is the largest public sector bank in India by asset size?
Answer: C
State Bank of India (SBI) is the largest public sector bank in India.
Q.113Easy
What does SWIFT stand for in banking?
Answer: B
SWIFT is the standard international system for financial messaging between banks.
Q.114Easy
The Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to provide banking services to which segment?
Answer: B
PMJDY was launched to provide universal access to banking services to unbanked and underbanked sections.
Q.115Easy
As per RBI's monetary policy 2024, what is the current repo rate?
Answer: A
As of December 2024, RBI has maintained the repo rate at 6.50% after the rate cut cycle.
Q.116Easy
Which of the following is NOT a tool of monetary policy used by RBI?
Answer: C
Direct Tax Collection is a fiscal policy tool, not a monetary policy tool. RBI uses OMO, RRR, and repo rate adjustments.
Q.117Easy
As per the latest data, India's GDP growth rate for FY 2024-25 is estimated at approximately:
Answer: B
India's GDP growth for FY 2024-25 is estimated around 6.2% as per latest IMF and official government projections.
Q.118Easy
Which organization regulates Mutual Funds in India?
Answer: A
SEBI (Securities and Exchange Board of India) regulates Mutual Funds and the securities market.
Q.119Easy
A bank's Gross Non-Performing Assets (GNPA) ratio increased from 2.1% in FY2023 to 2.8% in FY2024. If the total advances are ₹5,00,000 crore, what is the absolute increase in GNPA amount?
