Banking Awareness Quiz
Banking Awareness Quiz – Set 284: These questions on Banking Awareness are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.
- The prompt corrective action (PCA) Framework of the Reserve Bank of India is based on how many parameters?
A) 2
B) 3
C) 4
D) 5
View answer
Option B
Explanation: The Reserve Bank has specified certain regulatory trigger points, as a part of prompt corrective action (PCA) Framework, in terms of three parameters,
- Which of the following is not a parameter of prompt corrective action (PCA) Framework of RBI?
A) CRAR
B) RoA
C) RWA
D) net NPA
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Option C
Explanation: The Reserve Bank has specified certain regulatory trigger points, as a part of prompt corrective action (PCA) Framework, in terms of three parameters, i.e. capital to risk weighted assets ratio (CRAR), net non-performing assets (NPA) and Return on Assets (RoA),
- Hilton-Young Commission had recommended the creation of which bank?
A) Reserve Bank of India
B) Imperial Bank of India
C) Allahabad Bank
D) All of these
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Option A
Explanation: The origins of the Reserve Bank of India (RBI) can be traced to 1926, when the Royal Commission on Indian Currency and Finance – also known as the Hilton-Young Commission – recommended the creation of a central bank for India to separate the control of currency and credit from the Government and to augment banking facilities throughout the country
- What is the paid up capital of the Reserve Bank of India?
A) Rs 5 crore
B) Rs 50 crore
C) Rs 500 crore
D) Rs 5000 crore
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Option A
Explanation: Rupees five crore
- Market Stabilisation Scheme (MSS) was introduced in which year?
A) 2002
B) 2004
C) 2006
D) 2008
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Option B
Explanation: in 2004
- The Financial Inclusion Fund (FIF) is maintained by _________.
A) RBI
B) IRDAI
C) NABARD
D) SIDBI
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Option C
Explanation: NABARD
- What is the corpus of Financial Inclusion Fund (FIF)?
A) Rs 500 crore
B) Rs 1000 crore
C) Rs 2000 crore
D) Rs 5000 crore
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Option C
Explanation: GOI has merged the FIF and FITF to form a single Financial Inclusion Fund. The Reserve Bank of India has finalised the new scope of activities and guidelines for utilisation of the new FIF in consultation with GOI. The new FIF will be administered by the reconstituted Advisory Board constituted by GOI and will be maintained by NABARD. The overall corpus of the new FIF will be Rs. 2000 crore.
- _______ aims to be an extensive database of credit information for all credit products in the country.
A) PCA
B) IRA
C) WMA
D) PCR
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Option D
Explanation: Public Credit Registry (PCR)
- In India, MSMEs are defined based on ____________.
A) Number of employee
B) investment in Plant and Machinery
C) investment in equipment
D) capital and Turnover
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Option D
Explanation: Refer our post on MSME.
- Banks are required to extend collateral-free loans up to _______ to MSME sector.
A) Rs. 10 lakh
B) Rs 20 lakh
C) Rs 15 lakh
D) Rs 5 lakh
View answer
Option A
Explanation: Banks are required to extend collateral-free loans up to Rs. 10 lakh to MSME sector. Banks may, on the basis of good track record and financial position of the MSE units, increase the limit to dispense with the collateral requirement for loans up to Rs.25 lakh (with the approval of the appropriate authority).
