Practice Financial System Questions and Answers

• In the Lead Bank Scheme circular, which committee’s recommendations were instrumental in the introduction of the Lead Bank Scheme?
• What is the annual premium for Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
• Which initiative aims to enable instant cross-border retail payments by interlinking domestic fast payments systems of ASEAN countries and India?
• What is the minimum corpus required for each scheme of a Special Situation Fund (SSF)?
• Which bank launched RuPay credit cards with UPI and NCMC functionalities?
• What was India's fiscal deficit as a percentage of the FY25 target for the first quarter of FY25?
• What percentage of UPI transaction volume growth was reported year-on-year in July 2024?
• What was the value of RBI's Financial Inclusion Index (FI-Index) in March 2024?
• Which company received RBI approval to become a Core Investment Company (CIC)?
• As per the RBI report, what is India's share in the global real-time payments volume? 
• When was NABARD established?
• What is the Capital to Risk Weighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability Rep...
• Who took over the rotating presidency of the Council of the European Union for six months?
• What is the initial corpus of the Agri-SURE fund unveiled by NABARD to promote innovation in agriculture and rural development?
• According to a report by the PHD Chamber of Commerce and Industry (PHDCCI) on 'Viksit Bharat @2047', what is the projected size of the Indian economy by 20...
• What are the five strategic priorities outlined by RBI Governor Shaktikanta Das for India's financial future?
• HDFC Bank launched GIGA, a financial product designed for which group of individuals?
• POP launched India's first multi-brand co-branded credit card in collaboration with which two entities?
• According to the RBI’s guidelines on the Sovereign Gold Bond (SGB) Scheme, what discount is provided to investors who apply online and make payments thro...
• What is the key purpose of the Tariff Rate Quota (TRQ) mechanism as outlined in the RBI circular on the import of gold by TRQ holders?
• In the January 2024 circular on bulk deposits, which tier of UCBs has a revised bulk deposit threshold set at ₹1 crore?
• Where are ethical standards typically based?
• How many new SIDBI branches were inaugurated in Karnataka by the finance minister towards the end of 2024?
• Which of the following financial institution is responsible for the development of housing finance sector in India?
• Microfinance institutions have seen a deterioration in NPA levels recently. Who regulates microfinance institutions in India?
• The FSIB is responsible for recommending to the government the person for appointment to the Board of financial institutions. What is the full form of FSIB...
• The difference between Gross Domestic Product (GDP) and Net Domestic Product (NDP) is ___________ .
• Which of the following entity is responsible for the calculation of national income in India?
• If the price of a good increases while all other factors remain constant, what is most likely to happen according to the law of demand?
• Hyperinflation means _______
• The Fisher effect is defined as the relationship between real rates and _____ 
• Which of the following statements regarding the concept of elasticity of demand is correct: A.In the case of unitary elastic demand, total revenue remains ...
• Gold ETFs are regulated by _________  
• An entity that wants to register as a Depository Participant, will have to follow the regulations given by __________
• Which of the following pairs is correctly matched with its function?
• Which among the following is not regulated by SEBI? 
• DICGC stands for Deposit Insurance and Credit Guarantee Corporation. It is a subsidiary of the Reserve Bank of India (RBI) and provides insurance coverage ...
• In case of normal goods, the shape of the demand curve is _______
• Which of the following is included when calculating National Income?
• Calculate the price elasticity of demand for the product if an increase in its price from Rs.20 to Rs.22 leads to a decline in the quantity demanded from 1...