Practice Finance Questions and Answers

• What does R stand for in term LIBOR?
• What does S stands for in Real Time Gross ____ (RTGS)?
• RBI recently superseded the boards of directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), citing governance ...
• What is the theme of RBI’s recently announced third cohort of Regulatory Sandbox?
• The Reserve Bank of India has granted a banking licence to Unity Small Finance Bank Ltd (USFBL). One of its promoters is _____________.
• What is the main objective of KYC guidelines followed by Banks? I- It helps prevent banks from using criminal networks. II- KYC helps the banks to communic...
• RBI recently approved ____________________ for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).
• Which of the following is not one of the Domestic Systemically Important Banks (D-SIBs)?
• The credit information companies (CICs), or credit bureaus are regulated by _____________
• ________________ is authorised to issue and encash the electoral bonds, which are valid for fifteen days from the date of issuance.
• What is the main function of Central Depository Services (India) Ltd (CDSL)?
• __________________ became the largest and fastest-growing UPI beneficiary bank in India
• RBI recently imposed several restrictions on Indian Mercantile Cooperative Bank Ltd. including a cap of Rs 1 lakh on withdrawals. The Indian Mercantile Coo...
• Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
• FEMA, 1999 replaced the Foreign Exchange Regulation Act (FERA) of _______________.            
• RBI recently noticed misleading advertisements of unauthorised Electronic Trading Platforms (ETPs) offering forex trading facilities to Indian residents, i...
• Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?
• The National Payments Corporation of India (NPCI) is an initiative taken by the _________________ to operate the retail payments and settlement systems in ...
• Banks’ non-food credit growth accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year. Which of the following o...
• SEBI recently amended its employee service rules. As per the new rules, ___________ of the total posts for executive directors will be filled up with inter...
• As per the recent guidelines regarding NBFCs (Non Banking Finance Companies), the NBFCs in Upper and Middle layer are required to implement Core Financial ...
• All single payment transactions of Rs. ______ crore and above undertaken by entities (non-individuals) should include remitter and beneficiary LEI informat...
• Which of the following is not one of the functions of Banks Board Bureau? I- providing assistance to Public Sector Banks to restructure their business str...
• What is the main objective of KYC guidelines followed by Banks? I- It helps prevent banks from using criminal networks. II- KYC helps the banks to communic...
• Which one of the following buckets, as per RBI, is the most important bucket wrt. D-SIBs?
• Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
• Which of the following Statements about the DICGC is/are True? I- Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary ...
• Which of the following days is known as ‘GST Day’? 
• The four-tier tax structure in the GST model contains four separate rates. Which is not one of them?
• Goods and services tax (GST) collections hit an all-time high in April. What is the amount collected?
• Which state has the highest contribution in the record GST collection in Apr 2022?
• Goods and Services Tax in India is a tax based on which criteria?
• Which of the following reports is not released by the World Economic Forum?
• When RBI raises the Cash reserve Ratio rate what action are the banks required to take?
• Which among the following is/are the area(s) of operation regarding which complaints can be received by the Banking Ombudsman?
• At Your Wits’ End
• Cost or expenses must be recorded at the same time as the revenue to which they correspond is specified by which principle? 
• Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of – 
• What is the primary purpose of a cashbook? 
• When the central bank (RBI) sells stocks and bonds in the market, the amount of money in the bank _______.