Which committee was constituted to review the regulation of shadow banking in India?

The correct answer is D: Nayak Committee. The Nayak Committee (2013) examined shadow banking entities and recommended a regulatory framework for NBFCs engaged in banking activities.

Bank K's Operating Expenses decreased from ₹3,500 crore to ₹3,150 crore while revenue remained ₹8,000 crore. What is the new Cost-to-Income Ratio?

The correct answer is B: 39.375%. CIR = (Operating Expenses / Revenue) × 100 = (3,150 / 8,000) × 100 = 39.375%

Which of the following best describes a 'repo transaction' in banking?

The correct answer is A: A transaction where securities are sold and repurchased at a future date. A repo (repurchase agreement) is a short-term borrowing instrument where a seller sells securities with an agreement to repurchase them at a higher price. It's a key liquidity management tool for banks.

Which digital payment system is promoted by RBI and developed by NPCI?

The correct answer is B: Unified Payments Interface (UPI). UPI is a real-time payment system developed by NPCI and promoted by RBI for seamless fund transfers.

What is the objective of the Pradhan Mantri Fasal Bima Yojana (PMFBY)?

The correct answer is B: To provide crop insurance coverage against crop failure. PMFBY provides comprehensive crop insurance coverage to farmers against crop failure due to natural calamities, pests, and diseases at affordable premiums.