2025- Quiz 8- 24.04.2025 BFSI & Regulatory Systems 24 April, 2025 40 Marks 20 Minutes (8:30 to 8:50 PM) simranverma3566@[Link] Switch accounts @ draft saved * Indicates required question Email * Record simranverma3566@[Link] as the email to be included with my response Name* simran verma Enrollment No, (Full in Capital) * 24BSPIPO1C484 Section *SIP Faculty Mentor * O00P®D00000OCOO0OCOOCOCO0O0 0 Dr. Shweta Jain Dr. Archana Rathore Dr. Vidhu K Mathur Dr. Avinash Gupta Dr. Brijesh Awasthi Dr. Shiv Kumar Dr. Vaibhav Kaushik Dr. Prateek Khanna Dr. Shivangani Rathore Dr. Ruchi Gupta Dr. Piyush Jhalani Dr. Vinay Khandelwal Mr. Utkarsh Tikku Dr. Jitendra Rathore Dr. Vandana Sharma Mr. Ajay Banerjee Dr. Kuldeep Sharma Dr. Punyasloka Patnailk Dr. Amita Chaurasia CA Sukriti Khatri Dr. Namita Solanki Dr, Sumedha SoniDr. Rani Sharma Ms. Krishna Kumari Solanki Ms. Amrita Jaiswal Dr. Yamini Suloriya Dr. Apoorva Tiwari Ms. Nitisha Bhargava Ms. Hemlata Artani Ms. Soniya Agarwal O00000000 Dr. Neelam Singh Bais 1. What is the Consumer Price index (CPI) inflation target set by Government for 5 years between 2021-26? O 6% O % O 3% © % Clear selection2. The first empowered six member monetary policy committee (MPC) was constituted in which year? @ 2016 O 2014 © 2012 O 2018 Clear selection 3. How many coin minting facilities are there in India? Clear selection 4. The storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank for distribution to bank branches in their area of operation are called as © Currency Chests © Currency Depots O Currency Cache © Currency Repository Clear selection5. Which Section of Reserve Bank of India Act, 1934, provides for appointment of scheduled commercial banks as agents to discharge its statutory obligation of being ‘Banker to Government’? O 50 O44 @ 30 O 2 Clear selection 6. Which type of ATMs are set up, owned and operated by non-banks? © Brown Label ATM. O Black Label ATM © Green Label ATM © White Label ATM Clear selection 7. Which is the clearing agency for G-Secs, issued by government? © Reserve Bank of India (RBI) © Clearing Corporation of India Limited (CCIL) CO Securities and Exchange Board of India (SEB!) CO Security Printing & Minting Corporation of India Ltd (SPMCIL) Clear selection8. An unsecured money market instrument issued in the form of a promissory note is known as __ CO Treasury Bills CO Cettificates of Deposits @ Commercial Paper CO Repurchase Agreements Clear selection 9. Which of these digital payment methods is not available for 24x7x365? O ps O NerT O ptcs © Allof them are available 24x7x365 Clear selection 10. Banks providing cheque facility to their customers can issue only standard cheques so as to get cleared through CTS @ crts-2010 O cts.2020 O cts-2015 O crs-2000 Clear selection11. The Reserve Bank of India Core Banking Solution system is known by which name? O Etakshmi @ EXuber O EDhan O EMaal Clear selection 12. The Cheque Transaction System is in use in India from which year? © 2010 O 1014 © 2020 © 2012 Clear selection 13. How many banks are currently under the prompt corrective action (PCA) framework of RBI? Clear selection14, SAARCFINANCE is a network of central bank governors and finance secretaries of the SAARC region. Which country is the present chair of the SAARCFINANCE? O Nepal ©@ india CO Indonesia O Srilanka Clear selection 15. The Report on Currency and Finance (RCF) is released by which organization? @ Reserve Bank of india © Ministry of Finance © Indian Banks’ Association © Banking Codes and Standards Board of India Clear selection 16. Which among the following measures can lead to more foreign direct investment (FD!) in India? © production-linked incentive (PLI) scheme. © improved ease of doing business © opening up of the insurance sector ©@ allofthe above Clear selection17. Currently, how many banks figures in the domestic systemically important banks (D-SIBs) list of RBI? Clear selection 18. What is the maximum amount of insurance cover provided by DICGC to the bank customers, upon the liquidation of the bank? @ Rs 5 lakh O Rs1 lakh O Rs3lakh O Rs2lakh Clear selection 19. The CSB Bank plans to increase its number of branches by 30% year-on-year, having opened 101 new branches in FY21. Where is the headquarter of the bank based? O Chennai © Thrissur O Mumbai O seipur Clear selection20. The Financial Stability Report is released by which organization? O Mor O a O ricci @ rei Clear selection 2 headed the committee on Computerization in Indian banks (1988) @ [Link]. O MM. shah. © M. Venkat Ram O Raj Foster Clear selection 22. A company who accepts demand deposit is called Banking company Joint stock company Manufacturing company COO © IT company Clear selectiony 3. O00 ® » 4, OO0@O0O » 5. COO © The lien is method to create charge over customers property not used for respective customers account. not used for loan used for loan Clear selection A Banking company whose license is cancelled may appeal to the __ High court. ‘Supreme court RBI Central government Clear selection RBI grants for agricultural purposes __ only short term finance. medium and long term finance. short and medium-term finance only short, medium and long term finance Clear selection& O00 ®© Ny 7, OO0@O0O » 8. CO@O0O Ina promissory note the words or order are necessary to insert. not necessary to insert not necessary but itis usual to insert necessary it is usual Clear selection A pledge can be made in respect of __ Building Shares Motor Car Book Debts Clear selection A collecting banker is given the statutory protection only when he acts as aholder an agent. aholder for value. aholder in due course. Clear selection9) O@O0°0 2 0. O00 © The right of set ~ off is nothing but a___ right to sell right to retain. right to combine right to appropriate Clear selection Expansion of SWIFT is Society for worldwide inter bank financial telecommunication Security for worldwide inter bank financial telecommunication Secured for worldwide inter bank financial telecommunication Safety for worldwide inter bank financial telecommunication Clear selection31 As reported in some major financial newspapers, many times it is said that "Other Income" boosts the profit of a bank to a substantial level. What is this other income for a bank? [Pick up the option(s) which are the part(s) of this other income (1) Commission for selling insurance policies (2) Fee for providing various services (like ATM/Extra cheque etc) (8) Interest on advances and loans. © only (1) O only (2) © Both (1) and (2) O ony) © All), (2) and (3) Clear selection 32. Which of the following schemes has been launched specifically for helping Senior Citizens to avail loan by mortgage of their residential property? © English Mortgage Scheme CO Senior Capital Loan Scheme ©@ Reverse Mortgage Loan Scheme © DEMAT Account Scheme O None of these Clear selection33. As published in the newspapers, the RBI has issued certain guidelines to be followed by the Recovery Agents appointed by the banks. In addition to this, the India Bank Association (IBA) has to formulate a special training course for them. Why do RBI and IBA have to come into picture for such an issue which is the responsibility of the banks? (1) RBI and Govt were getting many complaints from the public about the misbehaviour of Recovery Agents (2) Govt of india is paying much emphasis on providing banking services to the poor section of the society. News about ill - treatment by agents or suicides due to inability to pay back loans create anegative picture. RBI does not want this to happen. (3) Despite banks’ efforts to recover loans’ many people still do not wish to repay their loans, intentionally. Recovery agents will help banks to get their money back by all possible means. Only (1) Only (2) Both (1) and (2) Only (3) CO0O@O00 Al (1), (2) and (3) Clear selection34. Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration? Youngsters who have just started earning Defence personnel whose life is always at high risk Senior citizens Women who do not have independent source of income None of these OO0@O00 Clear selection 35. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as: O Participation © Consortium @ syndication © Multiple banking Clear selection36. The Govt of India recently provided an amount of Rs. 65,300 crore to about 3.6 crore farmers in India. What was the purpose of the distribution of this much amount to the farmers? © Toenable them to purchase tractors and other hitech agricultural machines This was given to them as a debt waiver and relief package season To help them avail Internet services and update their knowledge about the farming @ 12HFovide them fertilisers and advanced high yelding seeds forthe next harvesting © techniques and adopt new methods of the same Clear selection 37. As we all know/ Govt of India is giving much emphasis these days on the development of Small and Medium Enterprises (SMEs). Which of the following statements reflects the importance of the SME sector in the India economy? (1) The Govt is following a policy of keeping some items reserved for SMEs only. Hence a good number of items for local consumption come from these alone. (2) The main advantages of SMEs are reduction of regional imbalances, low investment, greater operational flexibility and low production cost. This helps in good control over prices of such items in local markets. (3) A very large number of people are employed in this sector and this sector is the second largest employer in India, after agriculture. O only) O only) O ony a) @ Al), @a@) Clear selection2 8 ‘Sub Prime Lending’ is a term applied to the loans made to Those borrowers who do not have a good credit history. Those who wish to take loan against the mortgage of tangible assets. ‘Those who have a good credit history and are known to bank since 10 years. O00 ® Those borrowers who are most preferred customers of the Bank. Clear selection 39. Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property? English Mortgage Scheme Senior Capital loan Scheme Senior Citizen Personal Loan scheme Oo ° © Reverse Mortgage Loan scheme ° O° None of these Clear selection 40. The arrangement under which banks sell insurance products acting as the agents of the respective companies is called the CO Insurance joint venture @ Bancassurance Model O Hyp © Insurance Broking Insurance Model Clear selectionSubmit Clear form Never submit passwords through Google Forms. This form was created inside ICFAi University Jaipur. Does this form look suspicious? Report Google Forms