As per the latest RBI regulations (2024), what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR) requirement for Scheduled Commercial Banks?
Answer: B
RBI mandates a minimum CRAR of 10.5% for Scheduled Commercial Banks, which includes Common Equity Tier 1 (CET1), Additional Tier 1, and Tier 2 capital.
Q.362Easy
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.
Q.363Easy
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.364Easy
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.365Medium
Which bank has been designated as the Wholly-Owned Subsidiary (WOS) of Reserve Bank of India in 2024?
Answer: A
RBI Payments Private Limited operates as a wholly-owned subsidiary of the Reserve Bank of India, managing critical payment infrastructure.
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Q.366Easy
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.367Medium
Under the RBI's Inflation Targeting Framework, what is the target inflation range for consumer price inflation?
Answer: B
The RBI targets a Consumer Price Index (CPI) inflation of 4% with a tolerance band of +/- 2%, resulting in a 2-6% target range.
Q.368Medium
Which of the following best describes the 'Statutory Liquidity Ratio' (SLR) maintained by banks?
Answer: B
SLR requires banks to maintain a certain percentage of their net demand and time liabilities in the form of liquid assets like government securities.
Q.369Easy
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.370Medium
Which regulatory framework ensures that banks maintain adequate capital buffers above minimum requirements?
Answer: B
Basel III introduced the Capital Conservation Buffer (2.5%) and Countercyclical Buffer to ensure banks maintain capital above minimum levels during good times.
Q.371Medium
The RBI's 'Insolvency Resolution and Debt Restructuring (IRDR) Framework' primarily focuses on which aspect?
Answer: B
The IRDR Framework provides a structured approach for banks to resolve stressed assets and restructure debts to promote financial stability.
Q.372Medium
Which of the following is a key feature of Unified Payments Interface (UPI) 2.0 launched in 2024?
Answer: A
UPI 2.0 introduced features like offline transaction capability and voice-enabled payments to enhance accessibility and user experience.
Q.373Hard
Under the RBI's directive, what is the maximum tenure for which a bank can provide a Masala Bond?
Answer: D
Masala Bonds are rupee-denominated bonds issued overseas with no fixed maximum tenure restriction, governed by FEMA guidelines.
Q.374Hard
As per the latest RBI guidelines on cyber security (2024), what is the minimum frequency for conducting security audits by banks?
Answer: A
RBI mandates that banks conduct comprehensive security audits at least annually, with more frequent assessments for critical systems.
Q.375Hard
Which Indian bank was accorded the status of a 'Domestic Systemically Important Bank' (D-SIB) in the latest RBI classification (2024)?
Answer: A
ICICI Bank, HDFC Bank, Axis Bank, and State Bank of India are classified as D-SIBs and required to maintain higher capital buffers due to systemic importance.
Q.376Medium
The RBI's 'Retail Direct Scheme' allows individual investors to directly purchase government securities. What is a key benefit of this scheme?
Answer: A
The Retail Direct Scheme enables individuals to open accounts with RBI and purchase government securities directly, reducing intermediation costs.
Q.377Easy
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.378Easy
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.379Easy
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.380Easy
What does SWIFT stand for in banking?
Answer: B
SWIFT is the standard international system for financial messaging between banks.
