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.2Easy
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.3Easy
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.4Easy
Which organization regulates Mutual Funds in India?
Answer: A
SEBI (Securities and Exchange Board of India) regulates Mutual Funds and the securities market.
Q.5Easy
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?
Study the data: A private bank's customer deposits grew from ₹8,50,000 crore (Q1 FY2024) to ₹9,25,000 crore (Q4 FY2024). What is the percentage growth in deposits?
If a bank's Statutory Liquidity Ratio (SLR) requirement is 18% and total deposits are ₹6,00,000 crore, what is the minimum amount it must invest in specified securities?
A bank maintains a Cash Reserve Ratio (CRR) of 4.5% as per RBI mandate. If its total liabilities are ₹10,00,000 crore, calculate the minimum cash reserve required.
A bank's Loan-to-Deposit (LTD) ratio increased from 78% in FY2023 to 82% in FY2024. What does this indicate?
Answer: A
LTD ratio measures advances as a percentage of deposits. An increase from 78% to 82% means the bank is lending more aggressively relative to deposits, which could indicate higher credit expansion or lower deposit growth.
Q.12Easy
A bank reports Operating Profit of ₹8,500 crore and Provisions & Contingencies of ₹2,100 crore. Calculate the Pre-tax Profit.
Answer: A
Pre-tax Profit = Operating Profit - Provisions & Contingencies = 8,500 - 2,100 = ₹6,400 crore. Provisions are deducted before arriving at pre-tax profit.
Q.13Easy
A bank's Total Income grew by 18% YoY while Operating Expenses grew by 24% YoY. What does this indicate about Cost-to-Income Ratio?
Answer: B
When operating expenses grow faster (24%) than total income (18%), the Cost-to-Income Ratio deteriorates, indicating reduced operational efficiency. A lower C/I ratio is preferable.
Q.14Easy
A bank's Liquidity Coverage Ratio (LCR) for the quarter is reported as 145%. What does this indicate about regulatory compliance?
Answer: B
RBI's minimum LCR requirement is 100%, to be maintained on a daily basis. At 145%, the bank is compliant with a comfortable liquidity buffer of 45% above the minimum.
Q.15Easy
A bank's Interest Earned increased by ₹850 crore while Interest Expended increased by ₹620 crore. What is the impact on Net Interest Income (NII)?
Answer: A
NII = Interest Earned - Interest Expended. If Interest Earned increases by ₹850 crore and Interest Expended increases by ₹620 crore, the net increase in NII = 850 - 620 = ₹230 crore.
Q.16Easy
A bank's efficiency ratio (operating expenses to operating income) is 42%. What does this indicate about the bank's operational health?
Answer: A
Efficiency ratio of 42% (operating expenses/operating income) indicates strong operational efficiency. Industry benchmark for healthy banks is typically 40-50%. Lower ratios indicate better cost management.
Q.17Easy
A bank's Net Interest Margin (NIM) improved from 2.8% to 3.2% year-on-year. If the bank's total assets are ₹5,00,000 crore, what is the approximate increase in NIM in absolute terms?
