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.282Medium
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.283Medium
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.284Hard
Which international regulatory framework prescribes capital adequacy standards for banks?
Answer: D
Basel I, II, and III are progressive international regulatory frameworks for capital adequacy. Currently, Basel III is the most advanced framework.
Q.285Hard
What is the significance of the Marginal Standing Facility (MSF) rate in RBI's monetary policy?
Answer: B
MSF is the rate at which scheduled commercial banks can borrow from RBI against approved securities for short-term liquidity needs.
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Q.286Medium
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.
Q.287Easy
Which of the following is a feature of digital banking in India's financial inclusion drive?
Answer: D
Digital banking provides reduced costs, 724 access, and enables financial inclusion for unbanked populations through mobile and internet banking.
Q.288Medium
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.289Easy
Which of the following is NOT a type of deposit account offered by commercial banks?
Answer: C
Perpetual Deposit Account is not a standard deposit category. Banks offer Savings, Current, Fixed, and Recurring deposits.
Q.290Medium
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.291Hard
Under Basel III norms, what is the additional capital buffer (Countercyclical Buffer) requirement during periods of excessive credit growth?
Answer: A
Basel III prescribes a Countercyclical Buffer ranging from 0.625% to 2.5% of risk-weighted assets during credit booms.
Q.292Medium
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.293Easy
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
Answer: B
PMJDY aims at financial inclusion by providing zero-balance bank accounts and access to banking services for all.
Q.294Medium
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.295Medium
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.296Easy
What is the full form of SWIFT in banking operations?
Answer: B
SWIFT is the Society for Worldwide Interbank Financial Telecommunication, used for secure international fund transfers.
Q.297Medium
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.298Medium
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.299Medium
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.300Hard
Which RBI scheme allows banks to lend against government securities as collateral?
Answer: C
Securities borrowing and lending allows banks to manage their security portfolios by borrowing/lending government securities.
