You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score
Your score
Categories
Not categorized0%
Your result has been entered into leaderboard
Loading
1
2
3
4
5
6
7
8
9
10
Answered
Review
Question 1 of 10
1. Question
2 points
In context of the payment’s ecosystem in India, consider the following statements:
1. Only payment systems authorized by the RBI can be operated in the country
2. National Payments Corporation of India is a wholly owned subsidiary of RBI
3. Only Banking entities are allowed as the payment systems operators in India
Select the incorrect statements using the codes given
below:
Correct
Ans b
National Payments Corporation of India (NPCI), is a non-bank payment system operator
authorized by RBI to operate the following payment systems under the PSS Act 2007.
NPCI is a ‘Not for Profit’ company where 51% stake is owned by public sector banks.
The non-bank entities have also been permitted access to the payment space, given the
demand for varied payment services and in keeping with the fast pace of technological
change.
It may be noted that licensed banks also need to obtain specific permission from RBI for
setting up and operating a payment system.
Incorrect
Ans b
National Payments Corporation of India (NPCI), is a non-bank payment system operator
authorized by RBI to operate the following payment systems under the PSS Act 2007.
NPCI is a ‘Not for Profit’ company where 51% stake is owned by public sector banks.
The non-bank entities have also been permitted access to the payment space, given the
demand for varied payment services and in keeping with the fast pace of technological
change.
It may be noted that licensed banks also need to obtain specific permission from RBI for
setting up and operating a payment system.
Question 2 of 10
2. Question
2 points
In the context of banking in India, which of the following agricultural and allied
activities can be granted loans under the scheme of Priority Sector Lending?
1. Setting up Compressed Biogas Plant
2. Installation of solar plants
3. Agricultural Machinery
4. Loans to Farmer Producing Organizations
5. Food Processing
Select the correct answer using the codes given below:
Correct
Ans d
All the options are correct
Incorrect
Ans d
All the options are correct
Question 3 of 10
3. Question
2 points
The term ‘On-Lending Model’ is often seen in the news in the context of
Correct
Ans d
On-lending means loans sanctioned by banks to eligible intermediaries for onward lending
only for the creation of priority sector assets.
Incorrect
Ans d
On-lending means loans sanctioned by banks to eligible intermediaries for onward lending
only for the creation of priority sector assets.
Question 4 of 10
4. Question
2 points
In context of the Priority Sector Lending in India, consider the following statements:
1. Priority sector guidelines give preferential rate of interest for priority sector loans
2. As per recent RBI’s norms, incremental priority sector credit will be given to the
identified districts to address the regional disparities in the flow of credit on a district
level
3. The districts for incremental credit flow will be identified using the aspirational
district criteria
Select the incorrect statements using the codes given below:
Correct
Ans b
Priority sector guidelines do not lay down any preferential rate of interest for priority sector
loans.
As per RBI, from FY 2021-22 onwards, a higher weight (125%) would be assigned to the
incremental priority sector credit in the identified districts where the credit flow is
comparatively lower (per capita PSL less than ₹6000), and a lower weight (90%) would be
assigned for incremental priority sector credit in the identified districts where the credit
flow is comparatively higher (per capita PSL greater than ₹25,000)."
Incorrect
Ans b
Priority sector guidelines do not lay down any preferential rate of interest for priority sector
loans.
As per RBI, from FY 2021-22 onwards, a higher weight (125%) would be assigned to the
incremental priority sector credit in the identified districts where the credit flow is
comparatively lower (per capita PSL less than ₹6000), and a lower weight (90%) would be
assigned for incremental priority sector credit in the identified districts where the credit
flow is comparatively higher (per capita PSL greater than ₹25,000)."
Question 5 of 10
5. Question
2 points
25. Consider the following reports/surveys:
1. Consumer Confidence Survey
2. Inflation Expectation Survey
3. Trend and Progress of banking in India
4. Indian Economic Outlook
5. Financial Stability Report
Which of the above given reports/ surveys are published by RBI as part of its policy research
and data dissemination function?
Select the correct answer using the codes given below:
Correct
Ans d
Indian Economic Outlook is given by Deloitte.
Incorrect
Ans d
Indian Economic Outlook is given by Deloitte.
Question 6 of 10
6. Question
2 points
In the context of the Indian economy, which of the following factors positively or
negatively affect the money multiplier?
1. Cash reserve ratio
2. Statutory liquidity ratio
3. Cost-push Inflation
4. High Powered Money
Select the correct answer by using the codes given below:
Correct
Ans c
Inflation, whether cost push or demand-pull inflation is partially caused by the amount of
monetary supply in the market. A higher money multiplier increases the liquidity in the
economy leading to a higher level of disposable income which leads to inflation. Hence,
inflation is the effect and not the cause affecting the money multiplier.
Incorrect
Ans c
Inflation, whether cost push or demand-pull inflation is partially caused by the amount of
monetary supply in the market. A higher money multiplier increases the liquidity in the
economy leading to a higher level of disposable income which leads to inflation. Hence,
inflation is the effect and not the cause affecting the money multiplier.
Question 7 of 10
7. Question
2 points
Consider the following statements with reference to the MUDRA Bank:
1. MUDRA bank is a fully owned subsidiary of the Reserve Bank of India
2. It is formed with an objective of development and financing micro unit enterprises
3. MUDRA bank cannot refinance enterprises in the informal sector.
Select the incorrect statements using the codes given below:
Correct
Ans d
MUDRA Bank was launched on 8 April 2015. In 2016, it was converted as a wholly owned
subsidiary of SIDBI and renamed as MUDRA (SIDBI) Bank.
MUDRA is a refinancing Institution. MUDRA does not lend directly to the micro
entrepreneurs / individuals (Refinancing means MUDRA loans will be available through
Banks/NBFCs/MFIs and not direct lending).
The purpose of MUDRA is to provide funding to the noncorporate (Informal sector) small
business sector.
Incorrect
Ans d
MUDRA Bank was launched on 8 April 2015. In 2016, it was converted as a wholly owned
subsidiary of SIDBI and renamed as MUDRA (SIDBI) Bank.
MUDRA is a refinancing Institution. MUDRA does not lend directly to the micro
entrepreneurs / individuals (Refinancing means MUDRA loans will be available through
Banks/NBFCs/MFIs and not direct lending).
The purpose of MUDRA is to provide funding to the noncorporate (Informal sector) small
business sector.
Question 8 of 10
8. Question
2 points
In context of Indian banking, consider the following:
1. Marginal Cost of Funds based Lending Rate (MCLR)
2. Repo rate
3. Benchmark Prime Lending Rate
4. Three-Month Treasury Bill Yield
Which of the given rates are external benchmark rates?
Select the correct answer using the codes given below:
Correct
Ans c
Marginal Cost of Funds based Lending Rate (MCLR) and Benchmark Prime Lending Rate are
internal benchmark rates.
Incorrect
Ans c
Marginal Cost of Funds based Lending Rate (MCLR) and Benchmark Prime Lending Rate are
internal benchmark rates.
Question 9 of 10
9. Question
2 points
Consider the following statements with reference to the external benchmarking rate
system that has been recently introduced by the RBI:
1. RBI has made it mandatory for banks to link all new floating rate personal or retail
loans and deposit to an external benchmark effective
2. Under the new policy, the spread (given over the repo rate) of any loan category
cannot exceed above 4 percent
Select the correct statements using the codes given below:
Correct
Ans d
Banks are not mandated to link their deposit rates with an external benchmark rate.
The purpose of linking the lending rate with an external benchmark is faster transmission of
repo rate into lending rate and this mechanism is more transparent also.
Incorrect
Ans d
Banks are not mandated to link their deposit rates with an external benchmark rate.
The purpose of linking the lending rate with an external benchmark is faster transmission of
repo rate into lending rate and this mechanism is more transparent also.
Question 10 of 10
10. Question
2 points
An increase in Capital to Risk Weighted Asset Ratio of a bank indicates which of the
following?
1. Lower safety of bank deposits
2. Bank’s freedom to lend is reduced
Select the correct answer using the code given below:
Correct
Ans d
A higher the capital to risk weighted asset ratio (CRAR), higher is the safety of bank deposits.
The higher the capital is above the regulatory minimum, the greater the freedom banks
have to make loans.
Incorrect
Ans d
A higher the capital to risk weighted asset ratio (CRAR), higher is the safety of bank deposits.
The higher the capital is above the regulatory minimum, the greater the freedom banks
have to make loans.
