Question
What is the new deposit insurance premium framework
approved by the Reserve Bank of India (RBI) to replace the flat-rate system?Solution
The RBI approved a risk-based deposit insurance premium framework to replace the existing flat-rate system of 12 paise per ₹100 deposit. In this model, banks with lower risk profiles pay lower premiums, while riskier banks pay higher premiums. The aim is to encourage prudent risk-taking and reduce moral hazard.
Whose prior approval is required to be taken by the Authority under the IFSCA Act to establish offices at other places in India or outside India?
Anyone who wants to be a Depository Participant needs to be registered with:
Which of the following has been launched to strengthen the digital infrastructure of the country by the government of India?
1.   Governme...
Which Act empowers banks to seize and auction assets of defaulting borrowers without court intervention?
When did GIFT City's first international exchange, India International Exchange, start its operation?
Which of the following statements is/are correct in regards to the Economic survey of India 2022-23?
1.   The Government approved the sett...
How is a Banking Unit required to submit its report to the Authority?
Which city was included in the main index for the first time in Global Financial Centres Index (GFCI) 33?
Which of the following statements is/are not correct in regards to Fiscal management?
1.100 years interest free loans to states
2.Fiscal d...
The highest surcharge rate of 37% on income above 5 crores shall be reduced to ______ % under the new tax regime.
