What does the term 'Statutory Liquidity Ratio (SLR)' refer to?
Answer: B
SLR is the minimum percentage of deposits that commercial banks are required to maintain in the form of government securities and other approved securities with RBI.
Q.82Medium
Under the Pradhan Mantri Mudra Yojana (PMMY), who are the target beneficiaries?
Answer: B
PMMY targets non-corporate and non-farm small/micro businesses for collateral-free loans. It includes Shishu, Kishor, and Tarun loan schemes up to ₹10 lakh.
Q.83Medium
What is the significance of the CRR (Cash Reserve Ratio)?
Answer: B
CRR is the percentage of bank deposits that commercial banks are required to keep as cash reserves with the RBI without earning any interest.
Q.84Hard
Which of the following is a characteristic of Tier-2 capital for banks?
Answer: B
Tier-2 capital includes subordinated debt, revaluation reserves, and general loan loss provisions. It supplements Tier-1 capital for meeting capital requirements.
Q.85Medium
What is the objective of the Pradhan Mantri Fasal Bima Yojana (PMFBY)?
Answer: B
PMFBY provides comprehensive crop insurance coverage to farmers against crop failure due to natural calamities, pests, and diseases at affordable premiums.
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Q.86Hard
Which international standard governs anti-money laundering and counter-terrorist financing?
Answer: B
The Financial Action Task Force (FATF) establishes international standards for combating money laundering and terrorist financing. India complies with FATF recommendations.
Q.87Medium
What is the current Inflation Target set by RBI for monetary policy?
Answer: B
RBI's inflation target is 4% (Consumer Price Index) with an upper tolerance of 6% and lower tolerance of 2%, as per the RBI Act amendment.
Q.88Hard
Under Basel III norms, what is the minimum Common Equity Tier-1 (CET-1) ratio requirement for banks?
Answer: A
Basel III prescribes a minimum CET-1 ratio of 4.5% of risk-weighted assets. India has implemented Basel III norms with additional conservation buffers.
Q.89Medium
What is the full form of SWIFT?
Answer: B
SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a secure international messaging system used for cross-border fund transfers.
Q.90Medium
Which of the following is NOT covered under the definition of a 'Non-Banking Financial Company' (NBFC)?
Answer: C
Commercial banks are not NBFCs. NBFCs are financial institutions that provide lending and other financial services but cannot accept deposits from the general public.
Q.91Hard
What does the term 'Liquidity Coverage Ratio (LCR)' measure?
Answer: A
LCR under Basel III measures a bank's ability to survive a severe liquidity stress scenario lasting 30 days by maintaining sufficient high-quality liquid assets.
Q.92Easy
Which of the following is the regulatory body that oversees the payment and settlement systems in India?
Answer: C
The Reserve Bank of India (RBI) oversees payment and settlement systems in India. NPCI is a subsidiary of RBI that operates retail payment systems.
Q.93Easy
What is the full form of RTGS, which is used for large value fund transfers in India?
Answer: A
RTGS stands for Real Time Gross Settlement, which is used for settlement of large value transactions on a real-time basis.
Q.94Medium
Which committee was constituted to review the regulatory framework for NBFCs in India?
Answer: B
The Usha Thorat Committee (2023) was constituted to review the regulatory framework for Non-Banking Financial Companies (NBFCs) in India.
Q.95Easy
What is the primary objective of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
Answer: B
DICGC's primary objective is to insure deposits of depositors and guarantee credits of banks up to specified limits.
Q.96Medium
As per DICGC norms (2024), what is the maximum deposit insurance coverage per depositor per bank?
Answer: A
The maximum deposit insurance coverage under DICGC is ₹5 lakhs per depositor per bank as per the current norms.
Q.97Easy
Which of the following is NOT a function of the RBI?
Answer: C
Stock exchanges are regulated by SEBI, not RBI. RBI issues currency, regulates monetary policy, and acts as banker to the government.
Q.98Medium
What does the term 'Statutory Liquidity Ratio (SLR)' refer to in banking?
Answer: A
SLR refers to the percentage of their deposits that commercial banks must maintain in the form of liquid assets like government securities.
Q.99Medium
Which of the following payment systems is operated by NPCI and is used for retail payments?
Answer: B
UPI (Unified Payments Interface) is operated by NPCI for retail payments. NEFT and RTGS are operated by RBI, while CHIPS is a US-based system.
Q.100Medium
What is the current policy repo rate set by RBI as of 2024-2025?
Answer: C
The RBI's policy repo rate stands at 6.5% as per the latest monetary policy decisions in 2024-2025.
