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april Flashcards

1
Q

India’s real Gross Domestic Product (GDP) growth at ________ for FY25

A

7%

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2
Q

Policy Repo Rate

A

6.50%

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3
Q

Fixed Reverse Repo Rate

A

3.35%

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4
Q

Standing Deposit Facility (SDF) Rate

A

6.25%

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5
Q

Marginal Standing Facility (MSF) Rate

A

6.75%

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6
Q

Bank Rate

A

6.75%

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7
Q

Cash Reserve Ratio (CRR)

A

4.50%

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8
Q

Statutory Liquidity Ratio (SLR)

A

18%

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9
Q

RBI kept the repo rate unchanged at 6.5% for

A

7th consecutive time

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10
Q

RBI kept the repo rate unchanged at 6.5% for 7th consecutive time to reduce inflation and
make sure people expect lower prices while ensuring it works effectively. The committee
decided this with a majority of

A

5:1.

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11
Q

Consumer Price Index (CPI) inflation or retail inflation is projected at __________ (unchanged vis-a-vis
February 2024 projection) for FY25,

A

4.5%

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12
Q

RBI set an objective of achieving the medium-term target for CPI inflation of

A

4% within a band of +/- 2%,

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13
Q

With Respect to the domestic economy, real GDP expanded by __________ in 2023-24 (FY24

A

7.6%

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14
Q

India’s Forex Reserves Reached all-time high of

A

USD 645.6bn

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15
Q

RBI to enable Cash Deposit Facility Via

A

UPI

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16
Q

With a view to facilitating wider non-resident participation in Sovereign Green Bonds (SGrBs), a scheme
for investment and trading in these bonds is available at the

A

IFSC (International Financial Services Centre)
in Gandhinagar, Gujarat..

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17
Q

RBI would launch a mobile app for accessing the

A

Retail Direct portal

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18
Q

RBI Retail
Direct Scheme which was launched in

A

November 2021.

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19
Q

RBI Retail
Direct Scheme enables investors to buy securities in primary auctions as well as buy/sell
securities through the

A

NDS-OM (negotiated dealing system – order matching) platform.

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20
Q

RBI has decided to allow ____________- to use permissible rupee interest derivative
products.

A

Small Finance Banks (SFBs)

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21
Q

At present, SFBs are permitted to use only ____________ for proprietary hedging.

A

Interest Rate Futures (IRFs)

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22
Q

RBI proposed to broaden Central Bank Digital Currency (CBDC)-Retail access by allowing X_________- to offer CBDC wallets, facilitating resilience testing for multi-channel transactions

A

non-bank
payment operators

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23
Q

Members of MPC:

A

Dr. Shashanka Bhide;
Dr. Ashima Goyal;
Prof. Jayanth R. Varma;
Dr. Rajiv Ranjan;
Dr. MichaelDebabrata Patra;

and headed by Shaktikanta Das (RBI Governor).

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24
Q

SARFAESI

A

Securitisation and Reconstruction of Financial Assets and Enforcement of
Security Interest

25
Q

Minimum Capital Requirement for ARCs

A

Rs 100 crore to Rs 300
crore.

26
Q

As per the directions, ARCs by March 31, 2024, to reach a minimum NOF of

A

Rs 200 crore, and Rs 300
crore by March 31, 2026.

27
Q

As per the provision of Section 10(2) of the SARFAESI Act, 2002, ARCs with a minimum NOF of ___________ will be eligible to act as Resolution Applicants under Insolvency and Bankruptcy Code (IBC), 2016 of
India.

A

Rs 1,000
crore

28
Q

ARCs can also invest in short-term instruments like money market mutual funds, certificates of
deposit, and corporate bonds/commercial papers with a rating of AA or higher by an eligible credit rating
agency (CRA).
* However, these investments are capped at

A

10% of the ARC’s NOF

29
Q

Every ARC must maintain a capital adequacy ratio of at least

A

15% of its total risk-weighted assets

30
Q

Before starting securitisation or asset reconstruction operations, an ARC must apply for registration and
obtain a Certificate of Registration (CoR) from the Reserve Bank under

A

Section 3 of the SARFAESI Act.

31
Q

iv.Sections ______________ do not apply to an ARC registered with the
Reserve Bank under Section 3 of the SARFAESI Act.

A

45-IA, 45-IB, and 45-IC of the RBI Act, 1934,

32
Q

An ARC must commence operations within __________ of receiving the CoR. RBI may grant an
extension of up to _________ upon application from the ARC.

A

six months

twelve months

33
Q

Within _________ of receiving the CoR, every ARC must develop a Board-approved financial asset
acquisition policy.

A

ninety days

34
Q

The ARC should also establish a policy for financial asset realization, ensuring that the realization
period does not exceed ________ from the acquisition date.

A

5 years

35
Q

RBI Deputy Governor ______ Granted One-Year Extension

A

T. Rabi Sankar

36
Q

RBI imposes Rs 10 Lakh Monetary Penalty on _________

reason

A

NABFINS, Limited, Bengaluru, Karnataka which is a subsidiary of
National Bank for Agriculture and Rural Development (NABARD). for Non-Compliance

RBI found that the company forced customers
to use a specific insurance company for assets financed.

37
Q

Reserve assets surge by ___________ , net claims of NRI declined by _______________

A

USD34.8 billion

USD12.2 billion

38
Q

The Reserve Bank of India (RBI) will establish a _________________ to combat the
proliferation of illegal lending apps.

A

Digital India Trust Agency (DIGITA)

39
Q

The Reserve Bank of India(RBI) has cancelled the Certificate of Registration(CoR) of Four Non-Banking
Financial Companies (NBFCs) in the exercise of powers conferred on it under

A

Section 45-IA (6) of the RBI
Act, 1934.

40
Q

RBI Cancels CoR of 4 NBFCs;

A

Kundles Motor Finance Private Limited (Bareilly, Uttar Pradesh-UP)- CoR cancelled with effect
from 12th March 2024.
* Nithya Finance Limited (Coimbatore, Tamil Nadu-TN) – CoR cancelled w.e.f 14th March 2024.
Bhatia Hire Purchase Private Limited (Bathinda, Punjab) – CoR cancelled w.e.f 19th March 2024.
* Jiwanjyoti Deposits and Advances Limited (Hamirpur, Himachal Pradesh) – CoR cancelled w.e.f
21st March 2024.

41
Q

RBI has imposed a monetary penalty of Rs 1 crore on__________ for non-compliance with
certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’.

A

IDFC First Bank Limited

42
Q

RBI has imposed a monetary penalty of Rs 49.70 lakhs on

A

LIC Housing Finance Limited for noncompliance
with certain provisions of ‘Non-Banking Financial Company – Housing Finance Company
(Reserve Bank) Directions, 2021’.

43
Q

ceremony of RBI@90 took place at

A

Centre for the
Performing Arts in Mumbai, Maharashtra.

44
Q

Prime Minister unveils special Rs 90 coin to commemorate 90 years of RBI

The coin is made from ____________ and it weighs about ___________.

A

pure silver

40 grams

45
Q

obverse side of Rs 90 coin

A

RBI emblem

46
Q

Reverse Side of Rs 90 coin Showcases

A

The Reverse Side Showcases the Lion Capital of Ashoka Pillar with the national motto
“Satyamev Jayate” (Truth Alone Triumphs) inscribed in Devanagari script below.

47
Q

countries have officially accepted UPI system :

A

Lanka, Mauritius, France, United
Arab Emirates(UAE), Singapore, Bhutan and Nepal.

48
Q

India’s largest mutual fund transfer agency

A

Computer Age Management Services Ltd (

49
Q

______________ has received
a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an online payment
aggregator.

A

Computer Age Management Services Ltd (CAMS), India’s largest mutual fund transfer agency

50
Q

RBI Directs all REs to Provide KFS to Borrowers w.e.f

A

1st October 2024

51
Q

key facts statements

A

recovery agent policy, contact details for grievances and the
likelihood of the loan being sold to others in simple and easy-to-understand language

KFS will include a computation sheet of the annual percentage rate (APR) and the loan’s amortisation
schedule over the loan tenor

52
Q

RBI lays out Framework for Voluntary Transition of Small Finance Banks(SFBs) to ________ under _________________

A

Universal
Banks(UBs)

Section 22(1) of the
Banking Regulation Act 1949.

53
Q

6 eligibility conditions for conversion of SFBs into UBs are

A

minimum net worth of Rs1000 crore

satisfactory track record of performance for a
minimum period of 5 years.

Capital to Risk-Weighted Assets Ratio (CRAR) requirements of 15% of
SFBs.

Shares of the bank should have been listed on a recognized stock exchange

SFB should have a net profit in the last 2 financial years

SFB should have Gross Non-Performing Asset(GNPA) and Net Non-Performing Asset(NNPA) of less
than or equal to 3% and 1% respectively in the last 2 financial years.

54
Q

RBI Kept FPI Investment Limit in G-Sec Unchanged at ________

A

6% of Outstanding Stock For FY25

55
Q

The FPI limits for investment in the state government securities (SGSs) and corporate
bonds are maintained at

A

2% and 15%

56
Q

RBI has also notified that the aggregate limit of the national amount of Credit Default Swaps(CDS) sold by
foreign portfolio investors will be

A

5% of the outstanding stock of corporate bonds

57
Q

RBI Directs ___________ to Stop PPI, Wallet Issuance & Refund Balances

A

Gurugram(Haryana)-based fintech firm Talkcharge

58
Q

The cash loading of PPIs is limited to

A

Rs 50,000 per month subject to overall limit of the PPI

59
Q

Full-KYC PPIs

ts outstanding amount should not exceed

A

Rs2
lakh

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