Banking Awareness Quiz – Set 215

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1. Urban Co-operative Banks (UCBs) with deposit size of ________ and above have been mandated by RBI to constitute Board of Management (BoM).
   A) ₹200 crore
   B) ₹150 crore
   C) ₹100 crore
   D) ₹500 crore
   
   View answer

     Option C
   Explanation: UCBs with deposit size of ₹100 crore and above shall constitute BoM which will also be a mandatory requirement for allowing such banks to expand their area of operation and open new branches. UCBs with a deposit size less than ₹100 crore and Salary Earners’ Banks are exempted from constituting BoM. However, for having good governance practices, such banks may also constitute BoM, if they so desire.
2. What is the total amount that can be loaded in the new type of semi-closed Prepaid Payment Instrument (PPI) introduced by RBI during the financial year?
   A) Rs 10,000
   B) Rs 1,00,000
   C) Rs 1,20,000
   D) Rs 1,50,000
   
   View answer

     Option C
   Explanation: The amount loaded in such PPIs during any month shall not exceed ₹ 10,000 and the total amount loaded during the financial year shall not exceed ₹ 1,20,000.
3. IFSC Banking Units (IBUs) can accept fixed deposits in foreign currency of tenor less than ______ year from non-bank entities.
   A) one
   B) two
   C) three
   D) four
   
   View answer

   Option A
   Explanation: IBUs can accept fixed deposits in foreign currency of tenor less than one year from non-bank entities and can also repay fixed deposits prematurely without any time restrictions.
4. What is the maximum aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms?
   A) Rs 10 lakhs
   B) Rs 20 lakhs
   C) Rs 50 lakhs
   D) Rs 1 core
   
   View answer

   Option C
   Explanation: The aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of ₹ 50,00,000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth.
5. What is the name of additional collateralised intra-day liquidity facility provided to member banks by RBI due to introduction of NEFT settlements, on 24×7 basis?
   A) Intraday Support (IS)
   B) Additional Support (AS)
   C) Vital Support (VS)
   D) Liquidity Support (LS)
   
   View answer

   Option D
   Explanation:
6. In case of special Self Help Groups i.e. groups in the difficult areas, groups with disabled persons, and groups formed in remote tribal areas, this number may be a minimum of _____ persons.
   A) 5
   B) 6
   C) 7
   D) 10
   
   View answer

   Option A
   Explanation: Women SHGs under DAY-NRLM consist of 10-20 persons. In case of special SHGs i.e. groups in the difficult areas, groups with disabled persons, and groups formed in remote tribal areas, this number may be a minimum of 5 persons.
7. RRBs are required to maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of _____ on an ongoing basis.
   A) 8 per cent
   B) 9 per cent
   C) 10 per cent
   D) 11 per cent
   
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   Option B
   Explanation: 9%
8. What is the opening time of RTGS?
   A) 7 AM
   B) 8 AM
   C) 7:30 AM
   D) 9 AM
   
   View answer

   Option A
   Explanation: 7 AM
9. What is the limit for On-lending by NBFCs for ‘Term lending’ component under Agriculture?
   A) Rs 5 lakh
   B) Rs 10 lakh
   C) Rs 15 lakh
   D) Rs 20 lakh
   
   View answer

   Option B
   Explanation: Agriculture: On-lending by NBFCs for ‘Term lending’ component under Agriculture will be allowed up to ₹ 10 lakh per borrower.
10. What is the limit for On-lending by NBFC for Micro & Small enterprises?
    A) Rs 10 lakh
    B) Rs 20 lakh
    C) Rs 50 lakh
    D) Rs 60 lakh
    
    View answer

    Option B
    Explanation: Micro & Small enterprises: On-lending by NBFC will be allowed up to ₹ 20 lakh per borrower.

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