Bank’s Promotion Exam – Question Set – Latest Trends in Banking Part 1
Bank’s Promotion Exam – Question Set – Latest Trends in Banking Part 1
We are giving you Part 1 of Latest Trends in Banking.
Friends, when we study some topic and didn’t revise it, we forget them in a day or two. To memorize the concept, repeated revision of topic is necessary.
This free question paper set has been made keeping in mind to make you remember important points about a topic which can be asked in upcoming promotion exam. I would suggest to utilize this free question paper set in following way.
- After studying the topic, go through the questions and attempt it.
- If you are not knowing the answer, guess it and right option will be shown instantly with green background.
- This way you will know right answer instantly.
- Go through whole question bank of almost 50 questions and see your result.
- Don’t be de-motivated if score is less for the first time.
- Positive thing is that you have covered 50 important points about the topic.
- Attempt for the 2nd time and see the difference.
- And in 3rd attempt, you will be in position to score more than 95% and you will have good grasp of the topic.
#1. The Reserve Bank has launched a Financial Inclusion Dashboard named ______ to provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters.
#2. To measure the extent of financial inclusion RBI had constructed the Financial Inclusion (FI) Index in 2021 based on three dimensions of financial inclusion. Which is not the parameter:
#3. The dashboard ‘ANTARDRISHTI’ presently intended for internal use in the RBI will further facilitate greater financial inclusion through a approach.
#4. TReDs is an electronic platform for financing trade receivables which facilitates the discounting of:
#5. Which of the following company is not registered for operating as a TReDs platform:
#6. RBI has embarked on a major change in its information management framework for handling the massive data flow aggregation analysis public dissemination and data governance following the launch of its:
#7. RBI has decided that Scheduled Commercial Banks (excluding Small Finance Banks and Payment Banks) may set ________ for borrowing in Call and Notice Money Markets.
#8. Which of the following in not in the list of ‘significant benchmarks’ administered by FBIL (Financial Benchmarks India Private Limited) with effect from July 01 2023:
#9. To realise the vision of and to strengthen 1 514 Urban Co-operative Banks (UCBs) in the country RBI has notified four important initiatives namely: a) Urban Cooperative Banks (UCBs) can now open new branches; b) UCBs can also do One Time Settlement at par with Commercial Banks; c)Revised timelines for PSL targets given to UCBs; and d)Designating a Nodal Officer in RBI.
#10. Govt. through notification dated June 27 2023 has permitted all PSBs and eligible Pvt Sector Banks to implement and operationalise the which will now be available for subscription in Post Offices and eligible Scheduled Banks.
#11. The Mahila Samman Saving Certificate (MSSC) is a one- time scheme available for years
#12. Under the MSSC the minimum deposit amount is Rs._ in multiples of rupees one hundred and the maximum deposit amount is Rs. ____lakh in one account or all MSSC accounts held by an account holder.
#13. The deposit made under MSSCwill bear interest at the rate of ____ p.a. which will be credited quarterly and paid at the time of closure of the account.
#14. As per revised guidelines of CBDT TDS would apply to the MSSC Scheme only when the interest received from the Post office savings scheme in a financial year is more than ____ or________(in the case of senior citizens).
#15. In order to rationalise the process of branch opening and to enable the UCBs to tap growth opportunities in the sector RBI has decided to grant general permission for branch expansion in the approved area of operation to financially strong UCBs. The eligible UCBs are permitted to open new15) In order to rationalise the process of branch opening and to enable the UCBs to tap growth opportunities in the sector RBI has decided to grant general permission for branch expansion in the approved area of operation to financially strong UCBs. The eligible UCBs are permitted to open new branches up to________ of the number of full-fledged branches (at the end of previous financial year) in a financial year subject to a maximum of _ branches without having the need to take permission from RBI.
#16. Under Liberalised Remittance Scheme (LRS) the limit for remittances is set at USD to enable resident individuals including minors to freely remit a specific amount during a financial year for any permissible current or capital account transaction or a combination of both
#17. The IRDAI has granted life insurance business licence to which is one of the first non-life insurers in India to be fully operated on the cloud and has developed application programming interface (API) integrations with several channel partners.
#18. RBI has issued various instructions to banks regarding compromise settlements in respect of stressed accounts from time to time including the Prudential Framework for Resolution of Stressed Assets dated which recognises compromise settlements as a valid resolution plan.
#19. Compromise settlements where the time for payment of the agreed settlement amount exceeds months shall be treated as restructuring as defined in terms of the Prudential Framework for Resolution of Stressed Assets dt June 7 2019.
#20. As per RBI guidelines on Compromise Settlements & Technical Write offs there shall be a reporting mechanism to the next higher authority at least on a basis with respect to compromise settlements and technical write offs approved by a particular authority.
#21. As per RBI guidelines on Compromise Settlements & Technical Write offs there shall be a cooling period as determined by the respective Board approved policies before the banks can assume fresh exposures to such borrowers provided that the cooling period in respect of exposures other than farm credit exposures shall be subject to a floor of _______months. REs are free to stipulate higher cooling periods in terms of their Board approved policies. The cooling period for farm credit exposures shall be determined as per their respective Board approved policies.
#22. First Loss Default Guarantee (FLDG) now referred to as ________is an industry practice of offering financial products involving contractual agreements in which a third party guarantees to compensate up to a certain percentage of default in a loan portfolio of the Regulated Entity (RE)specified upfront.
#23. Default Loss Guarantee (DLG) arrangements are backed by an explicit legally enforceable contract between the RE and the DLG provider. Such contract among other things must contain the following details:
#24. Banks (Regulated entity – RE ) accept Default Loss Guarantee (DLG) only in one or more of the following forms
#25. Banks shall ensure that total amount of Default Loss Guarantee (DLG) cover on any outstanding portfolio which is specified upfront shall not exceed_____percent of the amount of that loan portfolio. In case of implicit guarantee arrangements the DLG Provider shall not bear performance risk of more than the equivalent amount of five per cent of the underlying loan portfolio.
#26. Which of the following is incorrect w.r.t Default Loss Guarantee guidelines:
#27. Under Sovereign Gold Bonds scheme the issue price of the SGBs will be less by _ rupees per gram for the investors who subscribe online and pay through digital mode.
#28. Under Sovereign Gold Bonds scheme payment for the SGBs will be through cash payment (upto a maximum of______ ) or demand draft or cheque or electronic banking.
#29. Under Sovereign Gold Bonds scheme the investors will be compensated at a fixed rate of percent per annum payable semi-annually on the nominal value.
#30. Which are the guarantees which not to be covered within Default Loss Guarantee (DLG):
#31. As per the recent SEBI circular no entity would be allowed to operate as an EOP without obtaining registration from :
#32. The Centre has empowered itself to recover assets properties royalties and cancel leases of certain companies engaged in the ______ sector even when they are undergoing the Insolvency and Bankruptcy Code (IBC) process.
#33. GST assesses with a turnover of Rs. crore or more but less than Rs. crore will now be able to familiarize themselves with the invoice reporting mechanism and ensure a seamless transition to the e-Invoice system. This is critical as these assesses mandatorily require issuing e-invoices from August 01 2023.
#34. SEBI has issued guidelines for Alternative Investment Funds (AIFs) to transfer assets not sold during the winding- up process to a new liquidation scheme or distribute such unliquidated investments in-specie subject to a consent by value of investors in each case. The AIF manager has to call for bids for _____ of the unliquidated investments to give exit to dissenting unit holders. The AIF will disclose the bid value along with the valuation of the unliquidated investments carried out by two independent valuers to investors of the original scheme.
#35. The increased TCS rates under LRS for Overseas Travel which were initially set to come into effect from 1st July 2023 will now be implemented from 1st October 2023. The revised TCS rate is 5% TCS for the first Rs 7 lakh and amounts exceeding Rs 7 lakh.
#36. To curb volatility in small cap counters BSE and NSE have put in place an enhanced surveillance mechanism for companies that have a market cap of less than Rs. crore. The mechanism will be effective from June 5. The parameters for shortlisting the securities under the ESM framework include high-low price variation and close-to-close price variation.
#37. Global Alliance for Mass Entrepreneurship (GAME) a mass entrepreneurship enablement platform and Small Industries Development Bank of India (SIDBI) announced their joint partnership to launch the . This programme aims to handhold smaller NBFCs that have at least 60 per cent of their exposure to MSMEs.
#38. The Central Govt. has launched a new collection of courses called „Dakshta; on the iGOTKarmayogi Platform - a government-owned not-for-profit special purpose vehicle to steer the mission‟s fundamental goals. Full form of Dakshta is :
#39. The Govt. has discontinued the sale of and from the central pool under the Open Market Sale Scheme (OMSS) to state governments offering free grains to the poor. However the sale of rice under the OMSS will be continued for north eastern states hilly states and states facing law and order situations natural calamities at an existing rate of Rs 3 400 per quintal:
#40. International Micro Small and Medium Enterprises (MSME) Day or World MSME Day is observed every year on all over the world to highlight the significance of MSMEs. The theme of MSME Day 2023 in India was “Future- ready MSMEs for India@100.”
#41. As per Digital Lending guidelines a borrower shall be given an explicit option to exit digital loan by paying the principal and the proportionate APR without any penalty during this period. The cooling off period shall be determined by the Board of the RE. The period so determined shall not be less than ______ days for loans having tenor of seven days or more and ____day for loans having tenor of less than seven days. For borrowers continuing with the loan even after look-up period pre-payment shall continue to be allowed as per extant RBI guidelines.
#42. The Sovereign Gold Bonds will be denominated in multiples of gram(s) of gold with a basic unit of _ gram.
#43. The tenor of the Sovereign Gold Bonds will be for a period of years with an option of premature redemption after 5thyear to be exercised on the date on which interest is payable.
#44. Under Sovereign Gold Bonds scheme minimum permissible investment will be one gram of gold and maximum limit of subscription shall be ________Kg for individual _______ Kg for HUF and Kg for trusts and similar entities per fiscal year (April-March) as notified by the Government from time to time.
#45. Commission for distribution of the Sovereign Gold Bonds shall be paid at the rate of percent of the total subscription received by the receiving offices and receiving offices shall share at least percent of the commission so received with the agents or sub agents for the business procured through them.
#46. TReDs provides a level playing field where all the participants work together for facilitating accepting discounting and settlement invoices. As per RBI guidelines only micro small and medium enterprises can participate as sellers while NBFCs banks and factoring companies are financers. The guidelines allow financing / discounting of MSME receivables on basis by permitted financiers.
#47. To provide further impetus to TReDS platforms RBI has recently decided to extend the scope of activity of these Platforms to further boosting the cash flows of MSMEs. Which of the following is not part of fresh guidelines:
#48. The Government has announced the Mahila Samman Savings Certificate - a new small savings scheme for women investors which will provide a fixed interest rate of _____%:
#49. Under Mahila Samman Savings Certificate the maximum deposit can be made upto:
#50. As per the extant guidelines of Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) the ceiling for coverage under the CGS – I was for MSEs having fund based and non fund based exposure upto Rs. 200 lakh. Now as per the revised guidelines CGTMSE has increased the ceiling for coverage under the CGS -I from Rs.200 lakh to Rs._____lakh per borrower for the credit facilities extended by eligible MLIs to the Micro and Small Enterprises (MSEs).
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