Dear Readers,
Question 1: What is the full form of 'IFSC' in the context of banking?
A) Indian Financial System Code
B) International Financial Services Committee
C) Indian Fiscal and Service Code
D) International Financial System Control
Answer: A
Question 2: What does the term 'NPA' stand for in banking?
A) Non-Performing Asset
B) National Payment Association
C) Non-Profit Accounting
D) National Pension Agreement
Answer: A
Question 3: Which organization regulates and supervises the functioning of banks in India?
A) Reserve Bank of India (RBI)
B) Securities and Exchange Board of India (SEBI)
C) Indian Banks' Association (IBA)
D) Ministry of Finance
Answer: A
Question 4: What is the minimum capital requirement for small finance banks in India?
A) ₹100 crore
B) ₹200 crore
C) ₹500 crore
D) ₹1000 crore
Answer: A
Question 5: Which financial institution in India is responsible for providing credit to agricultural activities?
A) NABARD (National Bank for Agriculture and Rural Development)
B) SIDBI (Small Industries Development Bank of India)
C) EXIM Bank (Export-Import Bank of India)
D) SEBI (Securities and Exchange Board of India)
Answer: A
Question 6: What is the current maximum limit of deposit insurance coverage provided by DICGC (Deposit Insurance and Credit Guarantee Corporation) in India?
A) ₹1 lakh per depositor
B) ₹2 lakh per depositor
C) ₹5 lakh per depositor
D) ₹10 lakh per depositor
Answer: D
Question 7: Which committee is responsible for the formulation of the Insolvency and Bankruptcy Code (IBC) in India?
A) Raghuram Rajan Committee
B) Urjit Patel Committee
C) Bimal Jalan Committee
D) Vishwanath Anand Committee
Answer: B
Question 8: What is the full form of 'UPI' in the context of digital payments?
A) Unified Payment Interface
B) Universal Payment Indicator
C) Unique Paying Instrument
D) United Payment Infrastructure
Answer: A
Question 9: Which bank became the first bank in India to launch a Green Bond program to fund renewable energy projects?
A) State Bank of India (SBI)
B) HDFC Bank
C) ICICI Bank
D) Axis Bank
Answer: C
Question 10: Which entity issues credit ratings for banks and financial institutions in India?
A) CRISIL
B) CIBIL
C) SEBI
D) CARE
Answer: A
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MAHENDRA GURU