What is the primary function of the Financial Intelligence Unit (FIU-IND) in India?
Answer: B
FIU-IND is India's financial intelligence unit responsible for combating money laundering and terrorist financing.
Q.142Medium
Under KYC norms, what is the maximum time within which a bank must complete customer verification?
Answer: C
As per RBI guidelines, banks must complete KYC verification within 30 days of opening an account.
Q.143Medium
Which of the following is covered under the Pradhan Mantri Jeevan Bima Yojana?
Answer: C
PMJBY provides accidental death insurance coverage to BPL families and unorganized sector workers at a minimal premium.
Q.144Medium
What does the term 'Non-Performing Asset (NPA)' mean in banking?
Answer: B
An NPA is a loan or advance where principal or interest payment is overdue by 90 days or more from the contractual due date.
Q.145Medium
Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), what is the coverage amount?
Answer: B
PMSBY provides accidental death insurance coverage of ₹2 lakhs to individuals aged 18-70 years at a nominal annual premium.
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Q.146Medium
As per RBI's latest guidelines (2024), what is the minimum CRAR (Capital to Risk-Weighted Assets Ratio) requirement for Scheduled Commercial Banks?
Answer: B
RBI mandates a minimum CRAR of 10.5% for SCBs, comprising 5.5% Tier I capital and 5% Tier II capital as per Basel III framework.
Q.147Medium
The repo rate as of February 2024 is maintained at what level by RBI's Monetary Policy Committee?
Answer: B
As per RBI's latest monetary policy stance in 2024, the repo rate stands at 6.5% with a neutral policy stance.
Q.148Medium
Which RBI directive mandates banks to maintain Statutory Liquidity Ratio (SLR) at a minimum of what percentage of NDTL?
Answer: B
SLR is currently maintained at 21.5% of Net Demand and Time Liabilities (NDTL) as per RBI guidelines.
Q.149Medium
In data interpretation for banking exams, if a bank's Net Interest Income (NII) increases by 15% but Net Profit decreases by 5%, what could be the likely reason?
Answer: B
If NII increases but Net Profit decreases, it indicates higher provisions/contingencies or elevated operating expenses offsetting income gains.
Q.150Medium
Which term refers to the difference between the Repo Rate and the Reverse Repo Rate set by RBI?
Answer: A
The corridor refers to the band between Repo Rate (upper ceiling) and Reverse Repo Rate (lower floor) for overnight lending.
Q.151Medium
As per recent RBI guidelines (2024), what is the threshold loan amount for priority sector lending to agriculture?
Answer: A
RBI prescribes priority sector lending to agriculture with a loan limit of ₹50 lakhs for individual farmers.
Q.152Medium
Which of the following is a characteristic of a Certificate of Deposit (CD)?
Answer: B
CDs are negotiable instruments issued by banks at a discount, sold in the money market, with fixed maturity periods.
Q.153Medium
What does CASA ratio signify in banking?
Answer: A
CASA ratio reflects the proportion of Current Accounts to Savings Accounts, indicating low-cost deposit base quality.
Q.154Medium
What is the mandated percentage of credit disbursement for Micro and Small Enterprises (MSE) under priority sector lending?
Answer: C
RBI mandates that at least 12% of total priority sector lending should go to Micro and Small Enterprises.
Q.155Medium
A bank's Loan-to-Deposit (LTD) ratio is 95%. What does this indicate?
Answer: B
An LTD ratio of 95% indicates the bank is lending aggressively relative to deposits, which may strain liquidity.
Q.156Medium
Which bank is the oldest bank in continuous operation in India?
Answer: D
Allahabad Bank, established in 1865, is the oldest bank in continuous operation in India and was the first bank founded by Indians.
Q.157Medium
As per RBI's latest norms (2024), what is the minimum capital adequacy ratio (CAR) for scheduled commercial banks?
Answer: C
RBI prescribes a minimum CAR of 10.5% for scheduled commercial banks, which includes minimum Tier I capital of 7.5%.
Q.158Medium
Which of the following accurately describes a Statutory Liquidity Ratio (SLR)?
Answer: B
SLR is the percentage of deposits that banks must maintain in prescribed liquid assets such as government securities and treasury bills.
Q.159Medium
What is the current SLR requirement as per RBI guidelines (2024)?
Answer: B
As per RBI's current guidelines, the Statutory Liquidity Ratio is fixed at 18% of net demand and time liabilities.
Q.160Medium
What is the purpose of the Pradhan Mantri Mudra Yojana (PMMY)?
Answer: B
PMMY aims to promote micro and small enterprises by providing collateral-free loans up to 10 lakhs for business activities.
