Who introduced the concept of White Label ATMs in India?
Correct!
Wrong :(
Answer - d) RBI
3
Which of the following is the oldest public sector bank in India?
Correct!
Wrong :(
Answer - b) Punjab National Bank
4
What is the full form of NPA in the context of banking?
Correct!
Wrong :(
Answer - a) Non-Performing Asset
5
The term KYC in banking stands for:
Correct!
Wrong :(
Answer - b) Know Your Customer
6
Who regulates the capital market in India?
Correct!
Wrong :(
Answer - b) SEBI
7
Which financial institution in India is responsible for providing long-term credit for agriculture and rural development?
Correct!
Wrong :(
Answer - b) NABARD
8
What does the term FD stand for in the context of banking?
Correct!
Wrong :(
Answer - a) Fixed Deposit
9
The maximum limit of insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for each depositor in a bank is:
Correct!
Wrong :(
Answer - c) Rs. 5 lakhs
10
Who is the regulator of the insurance sector in India?
Correct!
Wrong :(
Answer - c) IRDA
11
Which of the following is a co-operative bank in India?
Correct!
Wrong :(
Answer - d) Kisan Credit Cooperative Bank
12
The Pradhan Mantri Jan Dhan Yojana (PMJDY) primarily focuses on:
Correct!
Wrong :(
Answer - c) Financial inclusion of unbanked households
13
Which of the following is a scheduled commercial bank in India?
Correct!
Wrong :(
Answer - a) Regional Rural Bank
14
Who is the current Governor of the Reserve Bank of India (as of my last knowledge update in September 2021)?
Correct!
Wrong :(
Answer - c) Shaktikanta Das
15
Which financial institution in India is responsible for promoting and developing the small-scale industries in the country?
Correct!
Wrong :(
Answer - a) SIDBI
16
The One Nation One Card initiative in India is related to:
Correct!
Wrong :(
Answer - d) Debit Card
17
Who is the regulator of credit rating agencies in India?
Correct!
Wrong :(
Answer - b) SEBI
18
Which type of bank in India primarily serves the rural and agricultural sector?
Correct!
Wrong :(
Answer - c) Regional Rural Banks
19
What is the minimum paid-up capital requirement for setting up a Small Finance Bank in India?
Correct!
Wrong :(
Answer - b) Rs. 200 crore
20
Which of the following is not a function of the Reserve Bank of India (RBI)?
Correct!
Wrong :(
Answer - d) Regulating the stock market
21
What is the minimum voting right that the government of India holds in nationalised banks?
Correct!
Wrong :(
Answer - b) 51%
22
Which banking concept refers to the difference between interest earned and interest paid by a bank?
Correct!
Wrong :(
Answer - c) Net Interest Margin
23
The Savings Bank Account is primarily meant for:
Correct!
Wrong :(
Answer - a) Individuals for daily transactions
24
The term CASA in banking refers to:
Correct!
Wrong :(
Answer - b) Current Account and Savings Account
25
What is the full form of IFSC in the context of banking?
Correct!
Wrong :(
Answer - a) Indian Financial System Code
26
Which of the following is the highest decision-making body of the Reserve Bank of India?
Correct!
Wrong :(
Answer - a) Board of Directors
27
Who has the authority to print currency notes in India?
Correct!
Wrong :(
Answer - a) RBI
28
The Financial Stability and Development Council (FSDC) is chaired by:
Correct!
Wrong :(
Answer - a) Finance Minister of India
29
The SWIFT code is used for:
Correct!
Wrong :(
Answer - a) Identifying banks and financial institutions worldwide
30
Who issues currency notes of denominations up to Rs. 10 in India?
Correct!
Wrong :(
Answer - b) Government of India
31
The term Repo Rate is associated with:
Correct!
Wrong :(
Answer - b) Borrowing money from the RBI
32
The Banking Ombudsman scheme is administered by:
Correct!
Wrong :(
Answer - c) RBI
33
The term NEFT stands for:
Correct!
Wrong :(
Answer - a) National Electronic Fund Transfer
34
What does the term NACH stand for in banking?
Correct!
Wrong :(
Answer - a) National Automated Clearing House
35
What is the maximum amount that can be transferred through the Immediate Payment Service (IMPS) in India?
Correct!
Wrong :(
Answer - c) Rs. 2,00,000
36
Which of the following is not a credit rating agency in India?
Correct!
Wrong :(
Answer - c) FICCI
37
The Financial Inclusion Plan (FIP) is primarily aimed at:
Correct!
Wrong :(
Answer - b) Providing financial services to the unbanked and underbanked
38
The term MUDRA in the context of Indian banking refers to:
Correct!
Wrong :(
Answer - a) Micro Units Development and Refinance Agency
39
What is the primary objective of the Jan Dhan Yojana scheme?
Correct!
Wrong :(
Answer - c) Financial inclusion by opening bank accounts for all
40
What is the minimum lock-in period for a Fixed Deposit in a bank?
Correct!
Wrong :(
Answer - b) 7 days
41
The National Electronic Toll Collection (FASTag) program is primarily used for:
Correct!
Wrong :(
Answer - a) Collecting highway tolls electronically
42
Who is the regulating authority for Non-Banking Financial Companies (NBFCs) in India?
Correct!
Wrong :(
Answer - a) RBI
43
Which organisation provides credit rating to Micro, Small, and Medium Enterprises (MSMEs) in India?
Correct!
Wrong :(
Answer - d) SIDBI
44
What does HUF stand for in the context of banking and finance?
Correct!
Wrong :(
Answer - a) Hindu Undivided Family
45
The term SLR in the context of banking stands for:
Correct!
Wrong :(
Answer - b) Statutory Liquidity Ratio
46
The Reserve Bank of India was established in the year:
Correct!
Wrong :(
Answer - c) 1935
47
Which of the following is a payment and settlement system used for real-time interbank transactions in India?
Correct!
Wrong :(
Answer - b) RTGS
48
What is the maximum tenure for a Senior Citizen Savings Scheme (SCSS) account in India?
Correct!
Wrong :(
Answer - a) 5 years
49
Who issues and regulates the Bharat Bill Payment System (BBPS) in India?
Correct!
Wrong :(
Answer - a) NPCI
50
What is the main function of the Small Industries Development Bank of India (SIDBI)?
Correct!
Wrong :(
Answer - c) Promoting and developing small-scale industries
Final Score:
0
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Question. What is/Introduction of Indian Banking System
Answer. The banking system of India consists of the central bank (Reserve Bank of India - RBI), commercial banks, cooperative banks and development banks (development finance institutions).