Bank’s Promotion Exam – Question Set – Latest Trends in Banking Part 2

Bank’s Promotion Exam – Question Set – Latest Trends in Banking Part 2

Bank’s Promotion Exam – Question Set – Latest Trends in Banking Part 2

We are giving you Part 2 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.

  1. After studying the topic, go through the questions and attempt it.
  2. If you are not knowing the answer, guess it and right option will be shown instantly with green background.
  3. This way you will know right answer instantly.
  4. Go through whole question bank of almost 50 questions and see your result.
  5. Don’t be de-motivated if score is less for the first time.
  6. Positive thing is that you have covered 50 important points about the topic.
  7. Attempt for the 2nd time and see the difference.
  8. And in 3rd attempt, you will be in position to score more than 95% and you will have good grasp of the topic.

Best Wishes…


#1. In order to further bring down the cost of credit for MSEs CGTMSE has decided to partially modify the guarantee fee for loans upto Rs.1 crore. As per the revised fee structure for loans above Rs.50 lakh upto Rs. 1 crore the revised standard rate is %:

#2. As per the revised fee structure for loans above Rs.2 crore upto Rs. 5 crore the standard rate is ____%:

#3. As per Reserve Bank of India glide path all legal entities including Private Limited LLP Partnership and Proprietorship with a total exposure of Rs._____ crore and above must have an Legal Entity Identifier (LEI) code on or before 30th April 2023. Further RBI has given a time frame as per which by the end of 30th April 2025 it will also be mandatory for entities having Rs. _____ crores and above exposure to obtain LEI code.

#4. SEBI has introduced the Legal Entity Identifier (LEI) system for issuers that have listed or are planning to list non- convertible securities securitized debt instruments and security receipts. As per SEBI guidelines issuers having outstanding listed non-convertible securities and issuers having outstanding listed securitized debt instruments and security receipts as on Aug 31 2023 shall report/ obtain LEI code on or before_____ . Further issuers proposing to issue and list non-convertible securities securitized debt instruments and security receipts on or after September 01 2023 shall report their LEI code in the Centralized Database of corporate bonds at the time of allotment of the ISIN.

#5. The Reserve Bank of India on May 19 2023 decided to withdraw Rs. 2000 from circulation in pursuance of its “Clean Note Policy”. Since Rs. 2000 denomination notes continue to be a legal tender members of the public can continue to use Rs.2000 banknotes for their transactions and also receive them in payment. However they are encouraged to deposit and/or exchange these banknotes on or before________ :

#6. Which of the following is incorrect w.r.t handling of existing stock and receipts of Rs. 2000/- currency note:

#7. As per RBI guidelines pertaining to withdrawal of Rs. 2000 currency notes Business Correspondents (BCs) may also be allowed to exchange Rs.2000 banknotes upto a limit of Rs._____ per day for an account holder. For this purpose banks may at their discretion enhance the cash holding limits of BCs.

#8. India's goal of achieving the net zero target by would require an accelerated reduction in the energy intensity of GDP by around per cent annually and a significant improvement in its energy-mix in favour of renewables to around 80 per cent by 2070-71.

#9. RBI has announced the '100 Days 100 Pays' campaign to retrieve and return unclaimed deposits from all banks across India. The campaign targets the top _____ unclaimed deposits in every district within ___days starting June 1 2023.

#10. Under India's G20 Presidency the RBI and the BIS Innovation Hub (BISIH) of the Bank for International Settlements have jointly launched the fourth edition of the G20 a global technology competition to promote innovative solutions aimed at improving cross-border payments.

#11. To reduce the burden on debt recovery tribunals (DRTs) the finance ministry has asked public sector banks (PSBs) to go for one time settlement (OTS) of loan default cases ranging between Rs 20 lakh and Rs. _______ with the mutual consent of borrowers.

#12. The Prime Minister has advised states to maintain fiscal discipline by using funds judiciously so that future generations are not burdened. Focusing on the theme of _________or Developed India by 2047.

#13. Government has capped the amount of interest subvention at Rs. ______ crore per IEC (import-export code) holder in one financial year. Exporters get subsidies under the 'Interest Equalisation Scheme for pre and post-shipment Rupee Export Credit'. All disbursements made from April 1 2023 shall be counted for an IEC for the current financial year. The interest equalisation rates under the scheme have been revised to 2%. (3% for specified categories of MSME manufacturer exporters).

#14. The Finance Ministry has issued a notification stating that businesses with a turnover of Rs. crore or more will be required to adopt e-invoicing from August 1 whereas the current threshold stands at Rs.10 crore.

#15. The Central Board of Direct Taxes has notified to increase the leave salary encashment limit of non-government employees to Rs._______lakh which will be applicable from April 1 2023. So far the tax exemption on leave encashment for non-government employees was Rs. 3 lakh which was fixed in 2002 when the highest basic pay in the government was Rs 30 000 per month.

#16. Starting from May 1 2023 businesses with an annual turnover of Rs.________ crore or more will be required to abide by a new GST rule. This rule mandates the uploading of electronic invoices on the Invoice Registration Portal (IRP) within seven days of their issue

#17. The Reserve Bank of India has informed all financial institutions including banks and NBFCs to treat _______ not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act 2017 but having the Udyam Assist Certificate (UAC) as micro enterprises for classification under the priority sector lending (PSL) norms.

#18. From July 1 2023 individuals conducting international transactions using debit or credit cards up to Rs. lakh will be exempted from the 20 percent TCS levy. This exemption will also exclude these transactions from the LRS limit of $250 000 per annum.

#19. As per new invoicing rule of GST from May 01 2023 every assesses with a turnover of Rs.100 crore or more is prohibited from reporting invoices that are more than ________ days old on the date of reporting. This comes in response to the current rules that allowed businesses to upload such invoices on Invoice Registration Portal on the current date irrespective of the date of issue

#20. In order to provide some more time to the taxpayers the date for linking PAN and Aadhaar has been extended to ______ whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking.

#21. As a part of Prime Minister's AtmaNirbhar Bharat Abhiyan stimulus package “Animal Husbandry Infrastructure Development Fund” (AHIDF) has been approved with a corpus of Rs. crore to incentivize investments by individual entrepreneurs private companies Farmer Producer Organisations (FPOs) Micro Small and Medium Enterprises (MSMEs) Section 8 companies to establish Dairy processing and value addition infrastructure; Meat processing and value addition infrastructure; Animal Feed Plant; Breed Improvement Technology & Breed Multiplication Farm; Animal Waste to Wealth Management and Setting up of Veterinary Vaccine and Drugs Production Facilities.

#22. As a part of AHIDF Government of India has established a “Credit Guarantee Fund Trust for Animal Husbandry and Dairying” (CGFT-AHD) of Rs._____ crore. Department of Animal Husbandry and Dairying (DAHD) will contribute Rs. 75 crore per year over 10 years towards Credit Guarantee at the beginning of each financial year.

#23. As a part of AHIDF a dedicated Fund will be managed by _______a Trustee Company and a wholly owned subsidiary of NABARD.

#24. New/Existing MSME unit setting up a project which satisfy the eligibility requirements for financing under AHIDF shall be eligible borrowers under the scheme. The cumulative loan amount should not exceed Rs.______ crore per eligible project under AHIDF and the Project Approval Committee (PAC) and Project Sanctioning Committee (PSC) (for projects above Rs._____crore) should have recommended Credit Guarantee for the project.

#25. Under Credit Guarantee Fund Trust for Animal Husbandry and Dairying (CGFT-AHD) the maximum credit guarantee cover under the Scheme will be limited to % of the credit facility with a maximum ceiling of Rs. crore.

#26. Under Credit Guarantee Fund Trust for Animal Husbandry and Dairying (CGFT-AHD) the Annual Guarantee Fee (AGF) shall be charged @________ % p.a. on the sanctioned amount of credit facility for the first year and on the outstanding amount of credit facility for the remaining tenure of the guarantee.

#27. The RBI Governor Shaktikanta Das has laid the foundation stone for a 'Greenfield Data Centre' and an 'Enterprise Computing & Cybersecurity Training Institute' in ________

#28. RBI had launched a digital payments awareness week (DPAW) with a mission from March 6 to 12 2023 to promote online transactions. This year's campaign is “Digital Payment Apnao Auron ko bhiSikhao” (Adopt digital payments and also teach others).

#29. RBI has revised Guidelines for Appointment / Re- appointment of Statutory Branch Auditors of Public Sector Banks and norms on Business Coverage under Statutory Branch Audit of Public Sector Banks. RBI has decided to grant general permission to PSBs for appointment /re-appointment of BAs subject to the stipulated requirements. Which of the following is not the requirement stipulated by RBI:

#30. As per the revised Guidelines for Appointment / Re- appointment of Statutory Branch Auditors of Public Sector Banks and norms on Business Coverage for FY 2022-23 statutory branch audit of PSBs shall be carried out so as to cover a minimum of_____ % of all funded and _____% of all non-funded credit exposures of the bank. However for FY 2023-24 and onwards the PSBs are being given the discretion to determine business coverage under statutory branch audit as per their Board approved policy.

#31. The Ministry of Micro Small and Medium Enterprises ('MSME') has launched the ________ to facilitate formalisation of Informal Micro Enterprises (IMEs) through online generation of Udyam Assist Certificate.

#32. India's green financing requirement is estimated to be at least per cent of GDP annually till 2030.

#33. The Reserve Bank of India will be among 13 international regulators taking part in the GFIN's first ever Green washing TechSprint. Full form of GFIN is :

#34. ______ is the process of conveying a false impression or misleading information about how a company's products are environmentally sound. It involves making misleading unsubstantiated or otherwise incomplete claims about the sustainability of a product service or business operation.

#35. The Reserve Bank of India has issued an advisory to banks and other RBI-regulated entities emphasizing the need to take steps to ensure a complete transition away from the London Interbank Offered Rate (LIBOR) from _______ :

#36. The 602nd meeting of the Central Board of Directors of Reserve Bank of India was held under the Chairmanship of Shri Shaktikanta Das Governor. The Board of the RBI approved Rs._____ crore of surplus transfer to the government for 2022-23.'

#37. As per the Annual Report and accounts of the Reserve Bank for the accounting year 2022-23 RBI has maintained the contingency risk buffer 50 basis points higher at _______percent of the year.

#38. ______ refers to any wire transfer where the ordering financial institution and beneficiary financial institution are located in different countries. This term also refers to any chain of wire transfer in which at least one of the financial institutions involved is located in a different country.

#39. Govt. has specified that the certificate issued on the__________ to IMEs shall be treated at par with Udyam Registration Certificate for the purpose of availing Priority Sector Lending (PSL) benefits. Government has clarified to RBI that IMEs are those enterprises which are unable to get registered on the Udyam Registration Portal (URP) due to lack of mandatory required documents such as Permanent Account Number (PAN) or Goods and Services Tax Identification Number (GSTIN).

#40. Starting from May 1 2023 businesses with an annual turnover of Rs._______ crore or more will be required to abide by a new GST rule. This rule mandates the uploading of electronic invoices on the Invoice Registration Portal (IRP) within seven days of their issue.

#41. RBI has issued the revised guidelines on the Minimum Capital Requirement for commercial banks to hold sufficient regulatory capital against their exposures arising from Operational Risks. It would cover the risk of loss resulting from inadequate or failed internal processes people and systems or from external events. While legal risks would form part of operational risks the_____ and_____ risks are excluded from the ambit of calculating capital requirements.

#42. As per the extant guidelines for measuring minimum operational risk capital (ORC) requirements the approaches are: Basic Indicator Approach (BIA); The Standardised Approach (TSA) / Alternative Standardised Approach (ASA) and Advanced Measurement Approach (AMA). As per the revised guidelines these three approaches shall be replaced by the new :

#43. The Reserve Bank of India has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since Jan 1 2012 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for March 2023 stands at____as against 377.46 for Sept. 2022 which was announced on January 31 2023.

#44. What was India's score in the United Nations Economic and Social Commission for Asia Pacific's (UNESCAP) global survey on digital and sustainable trade facilitation in 2023?

#45. How often is the UN Global Survey on Digital and Sustainable Trade Facilitation conducted?

#46. Operation 'Broader Sword' aimed to prevent the shipment of which of the following items?

#47. Institute of Chartered Accountants of India (ICAI) and the Indian Banks' Association (IBA) is setting up a common platform for balance confirmations in respect of accounts receivables accounts payables bank balances loans investments or inventories held by third parties etc. which is aimed at providing more transparency efficiency and reducing auditing costs for chartered accountants and banks. The platform will be developed and maintained by which will work with the Institute for Development and Research in Banking Technology (IDRBT).

#48. The Financially Sound and Well Managed (FSWM) Urban Co-operative Banks are permitted to open new branches up to 10% 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.

#49. As per RBI guidelines on compromise settlement Compromise settlements where the time for payment of the agreed settlement amount exceeds a period of ______months shall be treated as restructuring.


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