Banking Quiz

Basel III norms require banks to maintain higher levels of:

• Cash reserves only

• Capital adequacy

• Non-Performing Assets

• Digital payment systems

Which of the following is NOT a tool of monetary policy?

• Repo rate

• Reverse repo rate

• Cash Reserve Ratio (CRR)

• Credit creation by commercial banks

Non-Performing Asset (NPA) is a loan that remains overdue for more than:

• 30 days

• 60 days

• 90 days

• 120 days

Financial inclusion aims to:

• Provide banking facilities to all citizens

• Focus only on urban banking

• Increase interest rates

• Reduce the number of bank branches

KYC (Know Your Customer) norms are important to:

• Increase bank profits

• Prevent fraud, money laundering, and terrorism financing

• Increase the number of deposits

• Reduce RBI control

Which of the following is a digital payment system regulated by RBI?

• Cryptocurrency

• UPI

• Bitcoin

• NFT

Priority sector lending (PSL) excludes which of the following?

• Agriculture

• Education loans

• Micro-enterprises

• Large corporate industries

A small company has not repaid its bank loan for 100 days. How will the bank classify this loan?

• Standard Asset

• Sub-Standard Asset (NPA)

• Doubtful Asset

• Loss Asset

Ramesh transfers ₹50,000 to his friend using NEFT at 7:00 PM. When will the beneficiary likely receive the funds?

• Immediately, in real-time

• In the next available NEFT settlement batch

• Only after 24 hours

• Only during banking hours the next day

A customer refuses to provide identity proof but wants to open a savings account. What will the bank do?

• Allow account opening without documents

• Allow with half the documents

• Deny account opening as per KYC norms

• Only require signature proof