Question
 In 2016, which Indian Financial System method was
introduced by RBI?Solution
Marginal cost of funds based lending rate defines the process used to determine the minimum home loan rate of interest. It was introduced in the Indian financial system by the Reserve Bank of India on April 1, 2016. It replaced the base rate system that was introduced in the year 2010.
Which of the following entities was formed to identify and check fraudulent activity in lending transactions against equitable mortgages?
Which of the following is not allowed in small accounts?
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence ...
As per Schedule I, any kind of disposal or transfer of business assets made by an entity on a permanent basis qualifies as supply, even though it is wit...
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
What is required for conducting V-CIP (Video-Based Customer Identification Process)?
A customer reports unauthorized transactions on their digital banking app. Under RBI’s directions, if the customer informs the bank within 3 days, wha...
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