Which of the following is NOT a credit rating agency recognized by SEBI in India?
Answer: D
Goldman Sachs is an investment bank, not a credit rating agency. CRISIL, ICRA, Care Ratings, and Brickwork Ratings are recognized credit rating agencies by SEBI.
Q.202Medium
What is the current limit for deposits under DICGC (Deposit Insurance and Credit Guarantee Corporation) coverage?
Answer: C
DICGC covers deposits up to Rs. 5 lakh per depositor per bank as per the latest amendment effective from 2024, increased from the previous Rs. 1 lakh.
Q.203Medium
Which committee's recommendations led to the implementation of Goods and Services Tax (GST) in India?
Answer: A
The Kelkar Committee (2003) recommended the implementation of GST in India, which was later formally implemented on July 1, 2017.
Q.204Medium
What is the primary function of the Insolvency and Bankruptcy Code (IBC), 2016?
Answer: B
IBC, 2016 provides a time-bound resolution process for insolvent debtors and companies, aimed at maximizing asset value and protecting creditor interests.
Q.205Medium
Which international organization sets global standards for banking supervision and capital adequacy?
Answer: C
The Basel Committee on Banking Supervision sets international standards for bank regulation and capital adequacy through Basel I, II, and III frameworks.
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Q.206Hard
What is the Standing Liquidity Facility (SLF) introduced by RBI?
Answer: A
SLF is a standing facility introduced by RBI allowing scheduled banks to borrow funds against government securities, providing liquidity at a specified spread over the policy rate.
Q.207Hard
Under the RBI's regulatory framework, what is the maximum loan amount that comes under Priority Sector Lending (PSL)?
Answer: B
RBI guidelines specify Rs. 10 lakh limit for agriculture sector and Rs. 1 crore for micro-enterprises under Priority Sector Lending (as of 2024).
Q.208Medium
What does CLR (Cash Reserve Ratio) mandate banks to maintain?
Answer: A
CRR requires banks to maintain a certain percentage of their demand and time liabilities as cash reserves with the RBI, currently at 4.5% (as of 2024).
Q.209Hard
Which of the following best describes 'Securitization' in banking?
Answer: A
Securitization is the process of converting illiquid assets (like loans) into tradable securities that are backed by the underlying cash flows of those assets.
Q.210Easy
What is the tenure for which RBI Governor is appointed?
Answer: C
The RBI Governor is appointed for a tenure of 4 years, after which reappointment is possible. The current Governor is Sanjay Malhotra (appointed December 2023).
Q.211Medium
Which regulation requires banks to maintain a minimum Statutory Liquidity Ratio (SLR)?
Answer: B
Section 24 of the RBI Act, 1934 mandates that banks maintain a minimum SLR of not less than 18% of their net demand and time liabilities (NDTL).
Q.212Medium
What is the concept of 'Repo' in banking and financial markets?
Answer: B
Repo (Repurchase Agreement) is a short-term borrowing mechanism where securities are sold with an agreement to repurchase them at a higher price on a specified date.
Q.213Hard
Under Basel III, what is the minimum Common Equity Tier 1 (CET1) capital ratio required?
Answer: A
Basel III requires a minimum CET1 capital ratio of 4.5%, with an additional capital conservation buffer of 2.5%, bringing the total to 7%.
Q.214Easy
What is the primary objective of the Pradhan Mantri Mudra Yojana (PMMY)?
Answer: B
PMMY aims to provide collateral-free loans to micro and small enterprises for business purposes, with loans up to Rs. 10 lakh under the scheme.
Q.215Easy
As per the latest RBI guidelines (2024), what is the Statutory Liquidity Ratio (SLR) minimum requirement for Scheduled Commercial Banks?
Answer: B
As of 2024, the SLR minimum requirement is 18% of the bank's Net Demand and Time Liabilities (NDTL).
Q.216Easy
Which government scheme aims to provide social security coverage to unorganized workers?
Answer: A
PMJJBY provides life insurance coverage to unorganized workers at minimal premium, protecting their families.
Q.217Medium
What is the current Reverse Repo Rate as per the latest RBI monetary policy (2024-2025)?
Answer: A
The Reverse Repo Rate is typically 25-50 basis points below the Policy Repo Rate. Check latest RBI announcements for exact current rate.
Q.218Medium
Under which Act does the RBI regulate the functioning of payment systems in India?
Answer: B
The Payment and Settlement Systems Act, 2007 grants RBI the authority to regulate and oversee payment systems in India.
Q.219Medium
Which of the following best describes 'Liquidity Coverage Ratio (LCR)'?
Answer: B
LCR is a Basel III requirement ensuring banks maintain sufficient high-quality liquid assets to survive a 30-day liquidity stress scenario.
Q.220Medium
What is the primary objective of the Insolvency and Bankruptcy Code, 2016?
Answer: B
IBC aims to provide a unified mechanism to resolve corporate insolvency through a time-bound process of 180 days (extendable to 270 days).
