The Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to provide banking services to which segment?
Answer: B
PMJDY was launched to provide universal access to banking services to unbanked and underbanked sections.
Q.382Medium
What is the minimum paid-up capital required for a Small Finance Bank to operate in India as per RBI guidelines (2024)?
Answer: B
RBI requires Small Finance Banks to maintain a minimum paid-up capital of Rs. 100 crore.
Q.383Medium
Under Basel III norms, what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for banks?
Answer: C
Basel III requires banks to maintain a minimum CRAR of 10.5% (including capital conservation buffer).
Q.384Medium
Which of the following is NOT a type of Non-Performing Asset (NPA)?
Answer: D
Standard assets are performing assets. NPAs include substandard, doubtful, and loss assets.
Q.385Medium
Which financial year did India adopt the Goods and Services Tax (GST)?
Answer: C
GST was implemented in India from July 1, 2017 (2017-18 financial year).
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Q.386Medium
What is the current reverse repo rate as per RBI's latest monetary policy (2024-2025)?
Answer: B
The reverse repo rate is typically 50 bps below the repo rate, set at 6.00% in 2024-2025.
Q.387Medium
Which Act regulates banking sector operations and customer protection in India?
Answer: A
The Banking Regulation Act, 1949 is the primary statute governing banks in India.
Q.388Hard
Under the Priority Sector Lending norms, what percentage of advances must be directed to agriculture by commercial banks?
Answer: B
RBI mandates that commercial banks allocate at least 18% of total advances to agriculture.
Q.389Hard
What is the statutory Liquidity Ratio (SLR) requirement for banks as per RBI guidelines (2024)?
Answer: B
RBI maintains the SLR requirement at 18% with recent adjustments around 20% for specific instruments.
Q.390Hard
Which of the following factors is NOT considered while calculating the Credit Risk Weight of an asset under Basel III?
Answer: D
Branch location is not a factor in risk weighting. Nature of borrower, maturity, and collateral are key factors.
Q.391Hard
Under Unified Payments Interface (UPI) 2.0, what is the new feature introduced for offline transactions?
Answer: B
UPI 2.0 introduced offline transaction capability allowing payments without internet connectivity.
Q.392Hard
What is the implementation timeline for the Indian Banks' Association (IBA) model on stress testing for credit risk?
Answer: A
Banks conduct stress tests on a quarterly basis as per RBI guidelines and IBA framework.
Q.393Hard
Which of the following IS a characteristic of a Scheduled Bank as per RBI definitions?
Answer: B
A Scheduled Bank must have minimum paid-up capital and reserves of Rs. 5 lakh as per RBI definitions.
Q.394Medium
What is the primary function of the Financial Stability and Development Council (FSDC)?
Answer: B
FSDC coordinates among RBI, SEBI, IRDAI, and other regulators for financial stability.
Q.395Easy
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.396Easy
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.397Easy
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.398Easy
Which organization regulates Mutual Funds in India?
Answer: A
SEBI (Securities and Exchange Board of India) regulates Mutual Funds and the securities market.
Q.399Medium
If a bank's NPA ratio increased from 2.1% to 2.8% year-on-year, what does this indicate?
Answer: B
An increase in NPA (Non-Performing Assets) ratio indicates more loans are becoming non-productive, showing deterioration in asset quality.
Q.400Medium
Study the table: Loan disbursements across 3 branches in lakhs: Branch A: ₹250, Branch B: ₹180, Branch C: ₹320. If total loan recovery was 85%, what was the total outstanding loan amount?
Answer: C
Total disbursed = 250 + 180 + 320 = 750 lakhs. If recovery is 85%, outstanding = 750 × (1-0.85) = 750 × 0.15 = 112.5 lakhs. If recovery was 85%, then 15% outstanding = 112.5 lakhs on 750 base.
