Practice Banking System in India Questions and Answers

• The International Financial Services Centres Authority Fund shall be applied for _____________
• In April 2022, RBI introduced the Standing Deposit Facility (SDF). What is the major objective behind this?
• PM SVANidhi allows street vendors to avail an initial loan of ___________.
• How much amount was allocated to the Ministry of Rural Development in the Budget 2023-24?
• According to the RBI recent announcement, the farmers who repay loans promptly under the Kisan Credit cards scheme will get an additional ___ % subsidy.
• Which of the following is not a role of GFCs?
• Which of the following regulators does not have representation on International Financial Services Centres Authority?
• Which company expanded its collections portfolio offering in the Banking, Financial Services, and Insurance (BFSI) segment with Kotak Mahindra Bank and DMI...
• Since the pandemic outbreak, the Centre has kept the Net borrowing Ceiling of the State Governments above the Fiscal Responsibility Legislation (FRL) thres...
• Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, risk coverage of ₹2 Lakh is credited to the savings bank account of the holder in case of the death of...
• Consider the following about the Green growth: I. Setting up 10,000 bio- inputs resource centres-to facilitate farmers to adopt natural farming II. Promo...
• With respect to the tax benefit for the Startups, consider the following statement: I. Extension of the date of incorporation by one year for income tax ...
• Financial product under IFSCA Act 2019 does not include
• Which of the following statements about REER is not correct?
• Which of the following are the recent reforms taken by the Government? I- Improved fiscal transparency and realistic revenue assumptions in the Budget II- ...
• Pradhan Mantri Shram Yogi Maan-Dhan Yojana assures a minimum assured pension of ________ upon attaining the age of 60 years.
• What is the minimum net worth of PFRDA for pension fund managers?
• The term foreign currency is defined in
• International Financial Services Centres Authority (IFSCA) has signed a FinTech Co-operation Agreement (CA) with which of the following organisations to fa...
• The sum of all exposure of a FC-Finance Company/FU-Finance Unit in IFSC to a single counterparty or group of connected counterparties shall not exceed how ...
• Under the supports given to the States Governments, the Union government has provided __________ year interest-free loans to state governments under the 'S...
• Ayushman Bharat provides health coverage of _____ per beneficiary family per annum to poor and vulnerable families.
• Which of the statement given below is/are not correct?
• Consider the following statement: I. Highest surcharge rate on income above 5 crore to be reduced from 37% to 30% under new regime II. Extending benefits...
• Which one is the name given to the foreign currency account maintained by a bank abroad
• International Financial Services Centre is established under Section ………. of Special Economic Zones Act, 2005
• NSE IFSC-SGX Connect is an essential milestone in the cross-border collaboration between India and ___________ in the area of capital markets. Once operati...
• What should be the minimum net worth of Authorized Fund Management entity in IFSC under Fund Management Entity regulations given by IFSCA
• Similar to the Stock Exchanges in IFSC, the Bullion Exchange shall be required to submit MDR (Monthly Development Report) to IFSCA on a what frequency basi...
• Which of the following is/are the eligibilities to participate in the Pradhan Mantri Shram Yogi Maan-Dhan Yojana? I- The workers in the age group of 18 t...
• With respect to the Direct Tax Proposal under Union Budget 2023-24, consider the following statement: I. 45% of the returns on tax payers' portal were pr...
• Identify the correct statement with respect to IFSCA (Banking) Regulations 2020?
• The definition of member under IFSCA Act ………………
• Which ministry launched the ‘DigiClaim’ platform under the national crop insurance portal for speedy disbursal of claims to insured farmers?
• Who shall constitute a Performance Review Committee under the IFSCA Act?
• Since the middle of the previous decade, RBI and the government have made dedicated efforts in terms of calibrated policy measures like strengthening the r...
• The penalties, fines, fees and settlement amounts shall be collected or realised in
• Who shall preside over the meetings of IFSCA if the Chairperson is not present?
• Special Situation Funds can be offered by registered Fund Management Entity in IFSC, which of the following conditions govern them? (i) Only close ended ...
• What do GFCs offer to importers, exporters, and other international trade participants?