Which of the following is the regulatory body for banks in India?
A Reserve Bank of India B State Bank of India C Securities and Exchange Board of India D Insurance Regulatory and Development Authority
RBI is the central bank and primary regulator of all banks in India.
What is the current repo rate as per RBI's latest monetary policy (2024-2025)?
A 5.75% B 6.50% C 6.25% D 5.50%
RBI has set the repo rate at 6.50% in its latest policy review of 2024-2025.
Which bank is the largest public sector bank in India by asset size?
A HDFC Bank B ICICI Bank C State Bank of India D Axis Bank
State Bank of India (SBI) is the largest public sector bank in India.
What does SWIFT stand for in banking?
A Standard Wire for International Financial Transfer B Society for Worldwide Interbank Financial Telecommunication C Secure Wireless International Financial Transaction D System for World Integration of Financial Technology
SWIFT is the standard international system for financial messaging between banks.
The Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to provide banking services to which segment?
A Senior citizens only B Unbanked and underbanked population C Agricultural sector only D Industrial sector workers
PMJDY was launched to provide universal access to banking services to unbanked and underbanked sections.
What is the minimum paid-up capital required for a Small Finance Bank to operate in India as per RBI guidelines (2024)?
A Rs. 50 crore B Rs. 100 crore C Rs. 200 crore D Rs. 500 crore
RBI requires Small Finance Banks to maintain a minimum paid-up capital of Rs. 100 crore.
Under Basel III norms, what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for banks?
A 8% B 9% C 10.5% D 12%
Basel III requires banks to maintain a minimum CRAR of 10.5% (including capital conservation buffer).
Which of the following is NOT a type of Non-Performing Asset (NPA)?
A Substandard assets B Doubtful assets C Loss assets D Standard assets
Standard assets are performing assets. NPAs include substandard, doubtful, and loss assets.
Which financial year did India adopt the Goods and Services Tax (GST)?
A 2015-16 B 2016-17 C 2017-18 D 2018-19
GST was implemented in India from July 1, 2017 (2017-18 financial year).
What is the current reverse repo rate as per RBI's latest monetary policy (2024-2025)?
A 5.75% B 6.00% C 6.25% D 6.50%
The reverse repo rate is typically 50 bps below the repo rate, set at 6.00% in 2024-2025.
Which Act regulates banking sector operations and customer protection in India?
A Banking Regulation Act, 1949 B Securities Act, 1956 C Insurance Act, 1938 D Competition Act, 2002
The Banking Regulation Act, 1949 is the primary statute governing banks in India.
Under the Priority Sector Lending norms, what percentage of advances must be directed to agriculture by commercial banks?
A 15% B 18% C 20% D 25%
RBI mandates that commercial banks allocate at least 18% of total advances to agriculture.
What is the statutory Liquidity Ratio (SLR) requirement for banks as per RBI guidelines (2024)?
A 19% B 20% C 21% D 22%
RBI maintains the SLR requirement at 18% with recent adjustments around 20% for specific instruments.
Which of the following factors is NOT considered while calculating the Credit Risk Weight of an asset under Basel III?
A Nature of borrower B Maturity of loan C Collateral held D Branch location of bank
Branch location is not a factor in risk weighting. Nature of borrower, maturity, and collateral are key factors.
Under Unified Payments Interface (UPI) 2.0, what is the new feature introduced for offline transactions?
A Cross-border payments B Offline transaction capability up to Rs. 200 C Real-time gross settlement D Cryptocurrency integration
UPI 2.0 introduced offline transaction capability allowing payments without internet connectivity.
What is the implementation timeline for the Indian Banks' Association (IBA) model on stress testing for credit risk?
A Quarterly basis B Semi-annually C Annually D Bi-annually with quarterly reviews
Banks conduct stress tests on a quarterly basis as per RBI guidelines and IBA framework.
Which of the following IS a characteristic of a Scheduled Bank as per RBI definitions?
A Operations limited to urban areas only B Minimum paid-up capital and reserves of Rs. 5 lakh C Maximum loan limit of Rs. 100 crore D Can only accept deposits from government
A Scheduled Bank must have minimum paid-up capital and reserves of Rs. 5 lakh as per RBI definitions.
What is the primary function of the Financial Stability and Development Council (FSDC)?
A To regulate insurance companies B To coordinate among financial sector regulators C To approve bank mergers D To set interest rates
FSDC coordinates among RBI, SEBI, IRDAI, and other regulators for financial stability.
