february

Question 1

The Central Bank Digital Currency Retail (CBDC-R) pilot, currently facilitating Person to Person (P2P)
and Person to Merchant (P2M) transactions, will be expanded to

Answer 1

include programmability and offline
functionality.

Question 2

RBI, emphasizing digital payment security, plans to introduce a ___________- moving beyond the traditional SMS (Short Message Service)-based One Time
Password (OTP).

Answer 2

principle-based ‘Framework for authentication
of digital payment transactions’,

Question 3

RBI allows hedging of Gold Price Risk in

Answer 3

Over the Counter (OTC) segment in the IFSC

Question 4

The Reserve Bank of India (RBI) has revised the eligibility norms for the inclusion of Urban Co-operative
Banks (UCBs) in the Second Schedule to the Reserve Bank of India (RBI) Act, 1934. These instructions are
issued under ______________

Answer 4

clause (a) of sub-section (6) of section 42 of the RBI Act, 1934.

Question 5

UCBs must maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of

Answer 5

at least 3% higher than the
minimum requirement for their tier to enhance capital strength and resilience to risks.

Question 6

Licensed Tier 3 and Tier 4 UCBs must meet

Answer 6

RBI’s Financially Sound and Well Managed (FSWM)
criteria.

Question 7

RBI has issued Guidelines on import of gold by Tariff Rate Quota (TRQ) holders under

Answer 7

the India-United
Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) as notified by the
International Financial Services Centres Authority (IFSCA).

Question 8

Authorized Dealer (AD) Category-I banks can allow valid TRQ holders under the
India-UAE CEPA to remit advance payment for eleven days for import of gold through

Answer 8

India
International Bullion Exchange IFSC Ltd (IIBX) against the TRQ.

Question 9

RBI bars _________ from Offering Services

Answer 9

Paytm Payments Bank

Question 10

_______________ received RBI Nod for Payment Aggregator Business

Answer 10

Juspay Technologies Private Limited(Juspay) and Decfin Tech Private Limited (Decfin) and a Softwareas-
a-Service(SaaS) provider Zoho Payment Technologies Private Limited (Zoho

Question 11

first SaaS company to
function as PA.

Answer 11

Chennai (Tamil Nadu) based, Zoho Payment Technologies Private Limited

Question 12

_______________– Receives RBI Nod to set up Subsidiary in Gift City

Answer 12

Indian Renewable Energy Development Agency Ltd. (IREDA

Question 13

the Reserve Bank of India (RBI), in exercise of powers conferred by Section 35B of the
Banking Regulation (BR) Act, 1949, has increased the remuneration ceiling of Non Executive Directors (NEDs)
of banks from

Answer 13

Rs 20 lakh per annum to Rs 30 lakh

Question 14

RBI cancels license of

Answer 14

Jai Prakash Narayan Nagari Sahakari Bank based in Basmathnagar, Maharashtra

Question 15

_______________- received PA License from RBI

Answer 15

Mumbai (Maharashtra) based Mswipe Technologies Private Limited

Question 16

Interest Equalization Scheme Extended till June 2024 with an Additional Capital of

Answer 16

Rs. 2500 Cr

Question 17

__________ was fined Rs 66 lakh for non-compliance with
RBI’s directions

Answer 17

Kumbakonam (Tamil Nadu) headquartered CUB

Question 18

_________- was penalized Rs 32.30 lakh for non-compliance
with specific directions issued by the RBI

Answer 18

Bengaluru (Karnataka) based Canara Bank

Question 19

A penalty of Rs 16 lakh was imposed on

Answer 19

Rourkela (Odisha) based Ocean Capital Market for
breaching certain provisions related to Non-Banking Financial Companies (NBFCs).

Question 20

_______________ was fined Rs 2 crore for contravening certain norms related
to the Depositor Education and Awareness Fund Scheme, 2014

Answer 20

Mumbai (Maharashtra) based SBI

Question 21

__________ received Online Payment Aggregator licence from RBI

Answer 21

Amazon Pay