Q1. Which Bank signed a MoU with SIDBI to enable MSME borrowers to use the web module i.e.

Asset
Restructuring Module for MSMEs-Micro, Small & Medium Enterprises (ARM-MSMEs) launched by SIDBI in
Partnership with India SME Asset Reconstruction Company (ISARC)?

A. State Bank of India

B. Punjab National Bank
C. Bank of Baroda
D. Indian Bank

Q2. Punjab National Bank (PNB) developed and launched ‘PNB LenS’ for what purpose?

A. KYC handling
B. Cash Withdrawal
C. Loan Management
D. Security Purpose

Q3. Which Bank in collaboration with National Payments Corporation of India (NPCI) and Japan’s JCB
(formerly Japan Credit Bureau) International Co. Ltd. unveiled “__________ RuPay JCB Platinum Contactless
Debit Card” with a unique dual interface feature?

A. SBI (State Bank of India)

B. Canara Bank
C. PNB (Punjab National Bank of India)
D. BOB (Bank of Baroda)

Q4. The Headquarters of National Payments Corporation of India (NPCI) is located in _______

A. New Delhi
B. Hyderabad, Telangana
C. Mumbai, Maharashtra
D. Pune, Maharashtra

Q5. The National Payments Corporation of India (NPCI) has completed private placement of what per cent
of its equity shares worth Rs 81.64 crores?

A. 10.63 %
B. 24.63 %
C. 14.63 %
D. 4.63 %

Q6. Razorpay and _________ partnered to enable Indian MSMEs (Micro, Small & Medium Enterprises) and
Freelancers to seamlessly accept international payments.

A. Cashfree
B. CCAvenue
C. Paytm
D. Paypal
E. Instamojo

Q7. RBI has extended on-tap Targeted Long-Term Repo Operations (TLTRO) by bringing 26 stressed sectors
identified which Committee:_____

A. kasthuri rangan Committee

B. Ram Shankar Katheria Committee
C. Sabyasachi Mukherjee Committee
D. Kundapur Vaman Kamath Committee

Q8. Central Board of Indirect Taxes and Customs (CBIC) has initiated the “Quarterly Return filing & Monthly
Payment (QRMP)” scheme under the GST System for small taxpayers with turnover up to ___

A. Rs. 10 Crore
 B. Rs. 1 Crore
C. Rs. 2 Crore
D. Rs. 5 Crore

Q9. ‘Money Mitra’, a new channel, to make banking services accessible to its customers in their
neighborhood was launched by which bank?

A. Equitas Small Finance Bank

B. ESAF Small Finance Bank
C. Janalakshmi Small Finance Bank
D. Ujjivan Small Finance Bank

Q10. Name the initiative launched by MasterCard, National Institute for Micro, Small & Medium Enterprises
(nimsme) and Confederation of Indian Industry (CII) in India to create awareness about digitization for
MSMEs.

A. Digital Saksham
B. Open Forge
C. PAHAL
D. DigiDhan Abhiyaan
E. e-Pathshala

Q11. When will the insurance watchdog had instructed all general and standalone health insurers will have
to offer the personal accident insurance policies with a cap of Rs. 1 crore as per Insurance Regulatory and
Development Authority of India (IRDAI) guidelines?

A. January 1, 2021
B. December 31, 2021
C. February 1, 2021
D. March 1, 2021
E. April 1, 2021

Q12. Which Insurance company has launched the 2 month long digital campaign ‘‘#heroesofmycity’ to
recognise the heroes of city during the COVID-19 pandemic?

A. ICICI Lombard General Insurance Company

B. Canara HSBC Oriental Bank of Commerce Life Insurance
C. SBI General Insurance Company
D. Aviva Life Insurance Company
E. HDFC ERGO General Insurance

Q13. The Reserve Bank of India (RBI) announced to issue guidelines for Non-Banking Financial Companies
(NBFCs) with regard to distribution of dividend. Under which section does the Non-Banking Financial
Companies (NBFCs) comply with minimum prudential requirements in order to declare dividend in the RBI
Act, 1934?

A. Section 21A
B. Section 45(U)
C. Section 26 (1)
D. Section 45 IC

Q14. Where did the Reserve Bank of India (RBI) decided to set up an Automated Banknote Processing
Centre (ABPC) for Receipt, Storage & Dispatch of bank notes as of December, 2020?

A. Jaipur, Rajasthan
B. Kochi, Kerala
C. Coimbatore, Tamil Nadu
D. Indore, Madhya Pradesh
Q15. Which Bank recently launched its new technology product ‘FX 4 U’ to help its users to handle Forex
transactions through Internet Banking?

A. Axis Bank
B. HDFC Bank
C. Punjab National Bank
D. Canara Bank

Q16. What is the name of Digital Payment app launched by, Department of Posts (DoP) and India Post
Payments Bank (IPPB) on December, 2020?

A. Digital Wallet
B. DakPay
C. PayUmoney
D. PayZapp

Q17. What is the theme of the 2nd Cohort under the Regulatory Sandbox (RS) testing environment by
Reserve Bank of India (RBI)?

A. Retail Payments
B. MSME Lending
C. Cross Border Payments
D. Responsible Banking
E. Credit off-take

Q18. Reserve Bank of India (RBI) amended the Master Direction by extending the applicability of centralized
KYC registry to legal entities (LEs), from individual accounts with effect from ______, on December 2020.

A. March 31, 2021

B. December 31, 2021
C. April 1, 2021
D. February 1, 2021

Q19. Which cardholders will be benefited by the National Payments Corporation of India (NPCI) Pilot
program on the Contactless (Offline) feature for retail payments?

A. MasterCard
B. Visa
C. PayPal
D. Maestro
E. RuPay

Q20. Which Financial Institution took projects on pilot basis on Karnataka government’s 1st of its kind Farmer
Registration and Unified Beneficiary Information System (FRUITS) Portal?

A. NABARD
B. Canara Bank
C. IndusInd Bank
D. State Bank of India

Q21. When was the Insolvency & Bankruptcy Code (IBC) of India introduced?

A. 2012
B. 2005
C. 2009
D. 2016
Q22. Which bank became the 1st to collaborate with Google Pay to issue FASTag through Unified Payments
Interface (UPI) on its payments app?

A. ICICI Bank
B. State Bank of India
C. Canara Bank
D. HDFC Bank

Q23. As per the recent amendments to the GST Rules, businesses with monthly turnover of over _____ are
liable to pay at least 1% GST liability in cash, w.e.f January 1, 2021.

A. Rs. 1 Crore
B. Rs. 10 Crore
C. Rs. 10 lakhs
D. Rs. 25 lakhs
E. Rs. 50 lakhs

Q24. What was the base year set by RBI to measure growth in digital or cashless transactions in India for its
Digital Payments Index (DPI)?

A. 2018
B. 2010
C. 2014
D. 2016

Q25. Which among the following is the e-commerce portal that was launched by Khadi and Village
Industries Commission (KVIC)?

A. www.ekhadivillage.com
B. www.khadivillageindia.com
C. www.ekhadiindia.com
D. www.ekhadi.com

Q26. RBI announced introduction of LEI for all transactions worth Rs. 50 Crore and above undertaken through
RTGS & NEFT effective from April 1, 2021, what does LEI stands for?

A. Large Equity Identifier

B. Legal Entity Identifier
C. Limitless Entity Individual
D. Large Entity Indicator

Q27. Which Urban Co-operative Bank became the 1st to voluntarily convert into a scheduled commercial
bank, under RBI’s ‘Scheme on voluntary transition of Urban Co-operative Bank (UCB) into a Small Finance
Bank’?

A. Shivalik Mercantile Co-operative Bank

B. Punjab and Maharashtra Co-operative Bank
C. Janalaxmi Co-operative Bank
D. Indian Mercantile Co-operative Bank

Q28. Where is the headquarters of Insurance Regulatory and Development Authority of India (IRDAI)
located?

A. Chennai
B. Bangalore
C. New Delhi
D. Hyderabad
Q29. Who is the only Prime Minister to have served as the Governor of RBI?

A. P. V. Narasimha Rao
B. Gulzarilal Nanda
C. Inder Kumar Gujral
D. Charan Singh
E. Manmohan Singh

Q30. What was the maximum period for dispute resolution prescribed under Insolvency and Bankruptcy
Code (IBC) for a corporate insolvency resolution process (CIRPs)?

A. 433 days
B. 90 days
C. 210 days
D. 330 days

Q31. In January 2021, RBI drained ________ rupees from the banking system, as a push to moneymarket
rates that crashed below the reverse repo rate.

A. 10 trillion
B. 10 billion
C. 5 trillion
D. 2 trillion

Q32. Which term represents the rate at which the Reserve Bank of India borrows funds from the commercial
banks in the country?

A. Repo Rate
B. Reverse Repo Rate
C. Bank Rate
D. Cash Reserve Ratio

Q33. Which Section under the Insolvency and Bankruptcy Code (IBC) provides immunity to corporate
debtors from investigation agencies?

A. Section 15
B. Section 21 A
C. Section 44 AA
D. Section 32 A

Q34. Which organisation released the framework, ‘Statement on Developmental and Regulatory Policies’?

A. Reserve Bank of India (RBI)

B. Bombay Stock Exchange (BSE)
C. National Stock Exchange (NSE)
D. Insurance Regulatory and Development Authority (IRDA)
E. Securities and Exchange Board of India (SEBI)

Q35. Which bank functions with the tagline, “We understand your world”?

A. SBI
B. HDFC Bank
C. ICICI Bank
D. UCO Bank
E. Canara Bank
Q36. World Economic Forum (WEF) launched the First of its kind platform– “EDISON Alliance” to reduce
digital inequalities. What does EDISON stand for?

A. Equitable Digital Infrastructure and Services

B. Evolution against Digital Inequality System
C. Equal Digital Infrastructure and Services
D. Essential Digital Infrastructure and Services Network

Q37. Which organisation recently (in Jan 2021), set up an ‘Innovation Sandbox’ web portal?

A. National Stock Exchange (NSE)

B. Life Insurance Corporation (LIC)
C. Reserve Bank of India (RBI)
D. Bombay Stock Exchange (BSE)

Q38. Recently (in Feb 2021), a Corpus of INR 945 crores for the period 2021-25 was approved for setting up a
Startup India Seed Fund Scheme (SISFS). Which is the Implementing agency of SISFS?

A. NITI Aayog
B. Department for Promotion of Industry and Internal Trade (DPIIT)
C. Department of Food and Public Distribution (DFPD)
D. Food Corporation of India (FCI)

Q39. Which organisation(s) received guidelines on Risk-Based Internal Audit (RBIA) from RBI in February
2021?

A. Urban Co-operative Banks

B. Small Finance Banks
C. Non-Banking Financial Companies
D. Only A & B
E. Only A & C

Q40. Which online payment company will shut down all its domestic payment services in India on April 1,
2021?

A. PayUmoney
B. Paytm
C. Instamojo
D. PayPal

Q41. What can be the maximum duration taken by a Mutual Funds to pay back dividends to unitholders as
per the new norms of Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations,
2021?

A. 30 days
B. 10 days
C. 45 days
D. 15 days

Q42. As per RBI guidelines, India became the 1st country to allow access to govt. securities by an entity or a
person including ‘a person resident outside India’ through __________.

A. FCNR account
B. Money Market Deposit Account
C. Gilt Account
D. Checking Account
E. Ledger Account
Q43. Which represents the rate, that RBI uses to lends money overnight to scheduled banks in an
emergency situation?

A. Statutory Liquidity Ratio (SLR)

B. Marginal Standing Facility (MSF) Rate
C. Repo Rate
D. Reverse Repo Rate
E. Liquidity Adjustment Facility (LAF)

Q44. What was the total amount allocated by central government for FY22, for its crop insurance program,
Pradhan Mantri Fasal Bima Yojana (PMFBY)?

A. Rs. 15000 crores

B. Rs. 13150 crores
C. Rs. 16000 crores
D. Rs. 11500 crores

Q45. What is the theme of RBI’s Financial Literacy Week (FLW) – 2021 that was celebrated from February 8 to
12?

A. KYC, Exercising Credit Discipline, Grievance Redressal and Going Digital

B. Consumer Protection
C. Credit Discipline and Credit from Formal Institutions
D. Micro, Small and Medium Enterprises

Q46. Which financial service provider partnered with AGS Transact Technologies Ltd (AGSTTL) to introduce
India’s 1st Contactless ATM’s that allows cash withdrawal through QR code?

A. MasterCard
B. American Express
C. Visa
D. PayPal

Q47. In February 2021, NPCI launched a Global level Hackathon ‘NPCI PayAuth Challenge’ supported by
APIX. What is the aim of Hackathon?

A. Enhance Innovation in Cardless Transaction

B. Promote Cashless Economy
C. Find alternate authentication for UPI transaction
D. Distributed Security handling of Online Transaction
E. Smoother & Secured RTGS Transaction

Q48. “SmartUp grants” is the Corporate Social Responsibility (CSR) program of __________.

A. Citibank
B. HDFC Bank
C. ICICI Bank
D. Axis Bank

Q49. When was the National Payments Corporation of India (NPCI) established?

A. 2008
B. 2010
C. 2015
D. 2016
Q50. Which bank recently (in Feb’21) got restrictions from RBI for grant or renew any loans and advances
without prior approval of RBI in writing?

A. Independence Co-operative Bank

B. Janalaxmi Co-operative Bank
C. Shivalik Mercantile Co-operative Bank
D. Indian Mercantile Co-operative Bank
E. Punjab and Maharashtra Co-operative Bank

Q51. Which Indian organisation has organized the India-Australia Circular Economy (I-ACE) Hackathon,
2021?

A. Department of Science and Technology

B. Data Security Council of India (DSCI)
C. Ministry of Skill Development and Entrepreneurship
D. Federation of Indian Chambers of Commerce & Industry (FICCI)
E. NITI Aayog

Q52. What is the maximum project loan limit allocated per FPO under the Credit Guarantee Facility of
Central govt. ‘Formation and Promotion of 10, 000 new FPOs’ scheme?

A. Rs. 2 Lakhs
B. Rs. 2 Crore
C. Rs. 20 Lakhs
D. Rs. 15 Lakhs

Q53. Which Insurance provider has launched a new goal based savings product, ‘Guaranteed Income for
Tomorrow’ (GIFT)?

A. ICICI Prudential Life Insurance

B. Bajaj Allianz General Insurance
C. SBI Life Insurance
D. HDFC ERGO General Insurance Company

Q54. What is the revised upper ceiling amount for a 2 Family Pensions, as of February 2021?

A. Rs 45,000/month
B. Rs 50,000/month
C. Rs 100,000/month
D. Rs 150,000/month
E. Rs 125,000/month

Q55. Who headed the Reserve Bank of India (RBI) formulated 8-member Expert Committee (EC) on Urban
Cooperative Banks (UCBs) on the lines of the “Statement on Developmental and Regulatory Policies”
released on February 05, 2021?

A. N. S. Vishwanathan
B. Shri B.P. Kanungo
C. Dr. M. D. Patra
D. Dr. Urjit R. Patel

Q56. As per RBI’s guidelines (in Feb’21) to Housing Finance Company (HFC), minimum Liquidity Coverage
Ratio (LCR) of 100% is targeted to be achieved by ___________.

A. December 1, 2021
B. December 1, 2030
C. December 1, 2025
D. December 1, 2035
Q57. Who authored the book, “Indian Economy’s Greatest Crisis: Impact of Coronavirus and the Road
Ahead”?

A. Jayati Ghosh
B. Amartya Sen
C. Arun Kumar
D. Tirthankar Roy
E. Kaushik Basu

Q58. SBI Payment Services Pvt. Ltd (in Feb’21) launched “YONO Merchant App” to expand the digitization of
merchant payments in India. What does ‘N’ stands for in YONO?

A. Network
B. National
C. Near
D. Need
E. Next

Q59. Which of the following is the benchmark interest rate (in Feb’21) that is used by global banks to lend to
one another?

A. Sterling Overnight Index Average (SONIA)

B. London Interbank Mean Rate (LIMEAN)
C. Secured Overnight Financing Rate (SOFR)
D. Euro Interbank Offer Rate (EURIBOR)
E. London Inter-Bank Offered Rate (LIBOR)

Q60. What is the Total monetary benefit given to farmers through PM KISAN scheme?

A. Rs. 3000/year
B. Rs. 6000/year
C. Rs. 10000/year
D. Rs. 15000/year

Q61. ___________ is a situation, where the inflation rate is high and the economic growth rate is low.

A. Hyper Inflation
B. Cost – Push Inflation
C. Demand – Pull Inflation
D. Stagflation
E. Reflation

Q62. Which technology is used in Contactless payment system?

A. Serverless Computing
B. Blockchain
C. Internet of Things
D. Radio-Frequency Identification
E. Augmented Reality

Q63. What is the maximum permissible limit for contactless payments?

A. Rs. 2000
B. Rs. 10,000
C. Rs. 50,000
D. Rs. 15000
E. Rs. 5000
Q64. Who recently (in Feb’21), became the MD & CEO of the Central Bank of India?

A. Matam Venkata Rao

B. Pallav Mahaparta
C. Rajkiran Rai G
D. Vikram Pandit

Q65. Which bank functions with the tagline, “Good People to Grow With”?

A. State Bank of India

B. ICICI Bank
C. Canara Bank
D. Union Bank of India
E. Indian Overseas Bank

Q66. Which is India’s 1st Regional Rural Bank (RRB) to facilitate Video-Know Your Customer (KYC) for
opening Digital Savings Account?

A. Telangana Grameena Bank (TGB)

B. Puduvai Bharathiar Grama Bank (PBGB)
C. Andhra Pradesh Grameena Vikas Bank (APGVB)
D. Only A & B
E. Only A & C

Q67. Currently (as of Mar’21), How many Regional Rural Banks (RRB) are there in India?

A. 28
B. 35
C. 39
D. 43

Q68. In relation to Stock Exchange, what does ETF stands for?

A. Equated Trading Frequency

B. Enhanced Trading Frequency
C. Exchange Traded Fund
D. Equated Trade Fund

Q69. Which bank recently (in Mar’21) entered into a strategic partnership with ‘Arya’, a post-harvest
agriculture technology provider, to support the farmers with effective market linkage?

A. Canara Bank
B. State Bank of India
C. ICICI Bank
D. HDFC Bank
E. NABARD

Q70. How many total member countries are there in Financial Action Task Force (FATF)?

A. 45
B. 39
C. 52
D. 22
E. 27
Q71. Which organisation partnered with National Payments Corporation of India (NPCI) to launch ‘RuPay
SoftPoS’, a smart phone enabled Point of Sale (PoS) system?

A. Paytm
B. Federal Bank
C. SBI Payments
D. HDFC Bank
E. PhonePe

Q72. Using which instrument of monetary policy did RBI conduct a simultaneous purchase & sales of Govt.
Securities worth Rs. 20,000 cr & Rs. 15,000 cr respectively in March 2021?

A. Liquidity Adjustment Facility

B. Open Market Operations
C. Marginal Standing Facility
D. Market Stabilisation Scheme

Q73. Which of the following allows scheduled commercial banks to borrow additional overnight money from
the Reserve Bank of India?

A. Statutory Liquidity Ratio

B. Marginal Standing Facility
C. Market Stabilisation Scheme
D. Liquidity Adjustment Facility
E. Repo Rate

Q74. Which bank was removed by RBI (in Mar’21) from its Prompt Corrective Action (PCA) framework?

A. UCO Bank
B. Central Bank of India
C. Indian Overseas Bank
D. Punjab & Sind Bank
E. IDBI Bank

Q75. As per RBI’s data, India’s Foreign exchange (Forex) reserves overtook Russia to become the ____
largest Forex reserve in the World (as of Mar’21).

A. 7th
B. 6th
C. 5th
D. 4th

Q76. What was the deadline set by RBI for all banks in India for implementing “Image-based Cheque
Truncation System (CTS)”?

A. 30 June, 2021
B. 1 July, 2021
C. 30 September, 2021
D. 1 September, 2021
E. 31 July, 2021

Q77. What was the new feature launched by NPCI (in Mar’21) on BHIM UPI, a part of its Digi-Help stack?

A. UPI-Help
B. BHIM-Support
C. Digi-Pay
D. Digi-Help
Q78. What is the Daily Money Transfer Limit for UPI transactions?

A. Rs. 10,000
B. Rs. 50,000
C. Rs. 2,00,000
D. Rs. 1,00,000
E. Rs. 5,00,000

Q79. UPI uses IMPS facility to transfer money. What does ‘IMPS’ stands for?

A. Intermediate Payments Service

B. Immediate Processing Scheme
C. Immediate Payments Service
D. Intermediate Processing System

Q80. Which bank launched India’s First Talking bilingual accessible ATM specially made for the benefit of
visually challenged?

A. Union Bank of India

B. Canara Bank
C. Indian Bank
D. Indian Overseas Bank
E. HDFC Bank

Q81. What is the revised (in Mar’21) maximum limit for health insurance covered under “Arogya Sanjeevani
Policy” as per the Insurance Regulatory and Development Authority of India (IRDAI)?

A. Rs. 15 lakhs
B. Rs. 2 lakhs
C. Rs. 5 lakhs
D. Rs. 2.5 lakhs
E. Rs. 10 lakhs

Q82. What is the minimum paid-up voting equity capital for Small Finance Banks?

A. Rs. 250 crore

B. Rs. 100 crore
C. Rs. 50 crore
D. Rs. 150 crore
E. Rs. 200 crore

Q83. The Supreme Court of India rejected the plea for further extension of the loan moratorium scheme that
was issued by RBI. What is the Moratorium period?

A. 3-months
B. 8-months
C. 1 year
D. 6-months
E. 4-months

Q84. Which is India’s 1st Non-Banking Financial Institute (NBFC)?

A. India Infoline Finance Limited

B. Power Finance Corporation Limited
C. Tata Capital Financial Services Limited
D. Sundaram Finance Limited
E. Muthoot Finance Limited
Q85. Which type of banking institutions were covered under the RBI’s recent (in Mar’21) guidelines for
mergers/amalgamation to evolve as a strong group of financial providers?

A. Local Area Banks

B. Payments Banks
C. Cooperative Banks
D. Regional Rural Banks
E. Small Finance Banks

Q86. What was the amount allocated by RBI for the 1st half of FY22 for its temporary loan facility, “Ways and
Means Advances” (WMA)?

A. Rs. 1.75 lakh crores

B. Rs. 2.5 lakh crores
C. Rs. 1.2 lakh crores
D. Rs. 2.25 lakh crores

Q87. What was the deadline set by RBI (in Mar’21) for Banking entities to implement e-Mandate services to
the customers for recurring payments?

A. September 30, 2021

B. April 30, 2021
C. July 31, 2021
D. October 1, 2021
E. August 1, 2021

Q88. _________ announced the inflation rate of 4% with a +/- 2% tolerance band for the next _____ years.

A. Govt. of India, 2 years

B. Reserve Bank of India, 2 years
C. Govt. of India, 5 years
D. Reserve Bank of India, 5 years

Q89. Name the newly formed (in Apr’21) company, a wholly-owned subsidiary of National Payments
Corporation of India (NPCI).

A. NPCI Aadhaar Enabled Payment System Ltd

B. NPCI Bharat BillPay Ltd
C. NPCI BHIM Aadhaar Ltd
D. NPCI National Financial Switch Ltd
E. NPCI Immediate Payment Service Ltd

Q90. What was India’s Current Account Deficit (as per RBI) during the Q3FY21 due to the COVID19’s impact
on trade?

A. $ 5.7 billion
B. $ 3.4 billion
C. $ 5 billion
D. $1.7 billion
E. $ 2.8 billion

Q91. The Finance Ministry has extended the validity of the Stand-Up India Scheme till 2025, where it also
announced that Rs. 25,586 Crore Loans to over 1.14 Lakh Accounts were distributed under the scheme.

Identify the points which are precisely linked to the Stand-Up India Scheme:

A) The bank loan scheme was introduced in 2016 with a maximum repayment period of 7 years.

B) Loans are provided only for Greenfield projects.

C) Bank loans up to Rs. 10 lakhs can be availed by SC, ST & Women borrowers from Scheduled Commercial
Banks.

A. Only C
B. Only A & C
C. All A, B & C
D. Only B & C
E. Only A & B

Q92. As per the, ‘The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021’, Corporate debtors
can initiate Pre-Packaged Insolvency Resolution Process (PIRP) on ____________ with maximum default of
__________

A. Non-Banking Financial Company (NBFC), Rs. 10 crore

B. Micro, Small & Medium Enterprises (MSME), Rs. 10 crore
C. Non-Banking Financial Company (NBFC), Rs. 1 crore
D. Micro Finance Institutions, Rs. 10 crore
E. Micro, Small & Medium Enterprises (MSME), Rs. 1 crore

Q93. What is the average base rate set by RBI for loans lent by Non-Banking Financial Company – Micro
Finance Institutions (NBFC-MFIs) for the 1st quarter of Financial Year 2022 (Q1FY22)?

A. 7.81%
B. 8.76%
C. 6.25%
D. 6.67%

Q94. To improve the interoperability of Prepaid Payment Instruments (PPIs) to full-KYC, RBI has doubled the
Maximum limit of the Payment Bank Savings Accounts. Which of the following points is precise with respect
to payment banks?

A) Maximum limit of Savings Account is Rs. 4 lakhs

B) Minimum Paid-up capital of Payment Banks is Rs. 100 crore

C) They can provide all banking facilities - Debit cards, Credit Cards, Mobile Banking

A. Only A & B
B. Only A
C. Only B
D. Only B & C
E. Only C

Q95. RBI, in its 1st bi-monthly monetary policy statement for FY22, set the Marginal Standing Facility (MSF)
Rate to _______, and Cash Reserve Ratio (CRR) to __________.

A. 4.00%, 3.50%
B. 3.75%, 4.00%
C. 3.50%, 4.25%
D. 4.25%, 3.50%

Q96. In the 1st bi-monthly policy for FY-22, RBI has extended the Special Liquid Facility (SLF) of Rs 50,000
crores to financial institutions, of which Rs. 25,000 crores are allocated to ____________.

A. NABARD
B. SIDBI
C. MUDRA Bank
D. National Housing Bank
Q97. To promote mobile payment in India, the Monitory Policy Committee has increased the balance limit
of Mobile Wallets to ___________ & enabled cash withdrawal from ATMs using Mobile Wallets.

A. Rs. 1 lakhs
B. Rs. 50,000
C. Rs. 2 lakhs
D. Rs. 2.5 lakhs

Q98. Which payment bank launched a new savings account ‘Rewards123’ that offers benefits for customers
for their digital transactions?

A. Paytm Payment Bank

B. Airtel Payment Bank
C. NSDL Payments Bank
D. Jio Payments Bank

Q99. Who was appointed as the head of RBI’s 2nd Regulation Review Authority (RRA)?

A. M. Rajeshwar Rao
B. Y.V. Reddy
C. Michael Patra
D. BP Kanungo

Q100. Which brokerage company launched India’s 1st Aadhaar-based Systematic Investment Plan(SIP)
payments feature?

A. India Infoline
B. Zerodha
C. Groww
D. Upstox
E. ETMONEY

Q101. SEBI recently (in Apr’21) issued guidelines for preparing warehousing norms by Clearing Corporations
(CCs) for agricultural & Non-agricultural goods. What is the minimum paid-up capital needed to be
accredited as a Warehouse Service Provider (WSPs)?

A. Rs 1 crore
B. Rs 50 lakhs
C. Rs 10 lakhs
D. Rs 5 crore
E. Rs 10 crore

Q102. .In April 2021, RBI has set-up a 6-member committee headed by Sudarshan Sen, to evaluate the role
of Asset Reconstruction Companies (ARCs) in stressed debt resolution. Which of the following point(s) is/are
correct with respect to ARCs?

A) ARCs buy NPAs (Non-Performing Assets) or bad loans from banks to helps them recover fast

B) An ARC should maintain a capital adequacy ratio of 15% of its risk-weighted assets

C) The minimum capital for an ARC is Rs. 2 crores as per the SARFAESI Act

A. Only A & B
B. All A, B & C
C. Only B & C
D. Only C
E. Only A & C
Q103. In April 2021, RBI proposed to review the Countercyclical Capital Buffer (CCyB). What is the current
CCyB rate?

A. 0.25%
B. 1.50%
C. 1%
D. 0.50%
E. 0%

Q104. Which is the 1st Indian company to cross 1 billion UPI transactions?

A. Freecharge
B. PhonePe
C. MobiKwik
D. Google Pay
E. Amazon Pay

Q105. PFRDA is planning to raise the maximum entry age to _________ for the National Pension System from
_________.

A. 45, 40
B. 65, 60
C. 50, 45
D. 70, 65

Q106. In April 2021, ________ allowed commercial banks to pay up to _________ of dividends for FY 21.

A. SEBI, 25%
B. RBI, 50%
C. IRDAI, 50%
D. SEBI, 75%
E. RBI, 25%

Q107. Who was appointed as the Non-Official Director of the Central Board of RBI by Finance Ministry in April
2021?

A. Arvind Panagariya
B. Tarun Bajaj
C. Ajay Bhushan Pandey
D. Urjit Patel
E. Ajay Seth

Q108. In April 2021, RBI issued guidelines for the appointment of Statutory Central Auditors (SCAs)/Statutory
Auditors (SAs) for Banks and NBFCs. Identify the points that are correctly related to the guidelines:

A) SCAs/SAs should be appointed for a continuous period of 3 years with effect from FY-22

B) Regional Rural Banks are exempted from this procedure

C) Entities with asset size less then Rs 15,000 crores, should appoint a minimum of 1 audit firm for auditing

A. Only B & C
B. Only A & C
C. All A, B & C
D. Only B
E. Only A & B
Q109. The Ministry of Finance announced the interest rates for General Provident Fund (GPF) & other non-
government PF for Q1 of FY22. Identify the points that are correctly related to GPF:

A) Interest rate of 7.1% is fixed for GPF scheme for Q1 of FY22

B) Only Government employees are eligible for GPF scheme

C) Investing in GPF provides Income Tax exemptions under Section 80C of Income Tax Act

A. Only A & C
B. All A, B & C
C. Only B
D. Only A & B
E. Only B & C

Q110. Who was appointed as the Finance Secretary of India in April 2021?

A. Ajay Bhushan Pandey

B. Ajay Seth
C. T V Somanathan
D. Debasish Panda
E. Tuhin Kanta Pandey

Q111. What is the tagline of YES Bank?

A. Relationship Beyond Banking

B. Your Perfect Banking Partner
C. Experience Our Expertise
D. India’s International Bank
E. Together We Can

Q112. What is the Maximum time limit for completion of the Corporate Insolvency Resolution Process (CIRP)
under the Insolvency and Bankruptcy Code (IBC) of India?

A. 180 days
B. 90 days
C. 270 days
D. 330 days
E. 120 days

Q113. Through which of the Monetary Policy Instrument, RBI lends overnight loans to scheduled banks,
against government securities?

A. Repo Rate
B. Bank Rate
C. Marginal Standing Facility Rate
D. Reverse Repo Rate

Q114. “SWIFT” is commonly referred to as a term during transactions between banks. What does ‘I’ stand for
in SWIFT?

A. Intermediate
B. International
C. Identification
D. Immediate
E. Interbank

Q115. Which of the following is NOT one of the 4 All India Financial Institutions listed by RBI?

A. Export - Import Bank of India (Exim Bank)

B. National Bank for Agriculture and Rural Development (NABARD)
 C. Small Industries Development Bank of India (SIDBI)
D. Industrial Investment Bank of India (IIBI)
E. National Housing Bank (NHB)

Q116. Who authored the book, “From Reserve Bank to Finance Ministry and Beyond: Some Reminiscences”?

A. Manmohan Singh
B. S Venkitaramanan
C. M. Narasimham
D. Bimal Jalan
E. Raghuram Rajan

Q117. When was the Financial platform ‘Paytm’ established?

A. 2005
B. 2015
C. 2012
D. 2008
E. 2010

Q118. In April 2021, Indian Govt extended the deadline for making payments under the Vivad Se Vishwas by
2-months. Vivad Se Vishwas is a dispute resolution scheme under which organisation?

A. Department of Income Tax

B. Department of Goods and Services Tax
C. Department of Revenue
D. Central Bureau of Investigation
E. Land Ports Authority of India

Q119. Which of the following Central Banks recently (in Apr’21) became a member of Central Banks and
Supervisors’ Network for Greening the Financial System (NGFS)?

A. European Central Bank

B. Reserve Bank of India
C. State Bank of Pakistan
D. People’s Bank of China
E. Central Bank of Bangladesh

Q120. Which company partnered (in May’21) with Canara HSBC Oriental Bank of Commerce Life Insurance
to improve Canara HSBC’s IT infrastructure?

A. CtrlS
B. Amazon Web Services
C. DigitalOcean
D. Tata Communications
E. Sify

Q121. Who was recently (in May’21) appointed as the 4th Deputy Governor of the Reserve Bank of India?

A. RS Ratho
B. Rohit Jain
C. T Rabi Sankar
D. R Subramanian
E. Anil Kumar Sharma
Q122. What is RBI’s revised maximum Overdraft duration on Quarterly basis for State Government’s, as of
May 2021?

A. 21 days
B. 14 days
C. 50 days
D. 36 days

Q123. Which bank launched the Chatbot called ‘Eva’ on the Digital Seva Portal of Common Services
Centers (CSCs) to provide banking services to rural India?

A. HDFC Bank
B. Canara Bank
C. State Bank of India
D. Axis Bank
E. ICICI Bank

Q124. In May, RBI announced guidelines for Scheduled Private Banks & amended the master directions on
KYC. Identify the points that are correct with respect to the RBI guidelines.

A) Scheduled Private Banks which are not under Prompt Corrective Action can undertake govt. businesses
after the approval of RBI

B) All bank accounts opened using OTP based e-KYC, will not be allowed for more than 1 year without
further identification

C) KYC updating can be done in banks using e-documents downloaded from DigiLocker

A. Only C
B. Only B & C
C. Only A & C
D. All A, B & C
E. Only A & B

Q125. Who recently (in May’21) became the 1st CEO of National Asset Reconstruction Company Ltd
(NARCL)?

A. Padmakumar Madhavan Nair

B. Roshni Nadar Malhotra
C. Sunil Mehta
D. Vikash Srivastava

Q126. In May 2021, RBI issued regulatory guidelines for Prepaid payment instruments (PPIs) issuers.

What are the points that are correctly related to the regulations issued?

A) All PPI issuers are mandated to allow interoperability of UPI & Mobile wallets by May 31, 2021

B) Maximum outstanding loan amount for full-KYC PPIs is relaxed to Rs. 2 lakhs

C) Full-KYC PPIs maximum payment limit is increased to Rs. 2000/transaction

A. All A, B & C
B. Only B & C
C. Only A
D. Only A & C
E. Only A & B

Q127. Who was appointed as the CEO of Reserve Bank Innovation Hub (RBIH), in May 2021?

A. Nandan Nilekani
B. Kris Gopalakrishnan
 C. Rajesh Bansal
D. Rabi Sankar

Q128. In May 2021, the Reserve Bank of India (RBI) released its Annual Report for 2020-21 Identify the points
that are correct with respect to the data presented in RBI’s Annual report:

A) RBI’s gains from foreign exchange transactions rose by 69%

B) In 2020-21, Bank Frauds valued more than Rs 1 lakh has been decreased by 25% compared to 2019-20

C) With over Rs 1.41 lakh crore, GST collection in January 2021 marked the highest level on record

A. Only B & C
B. Only A
C. Only C
D. Only A & B
E. Only A & C

Q129. In May 2021, One of India’s large PSU Banks, Canara Bank launched 3 new loan schemes as a part of
COVID-19 assistance. Identify the loan scheme that is incorrectly specified in relation to its benefits:

A) Canara Chikitsa healthcare credit facility - Loans up to Rs 50 crore for MSMEs affected by COVID-19

B) Canara Jeevanrekha healthcare business loan - Loan up to Rs 2 crore for Medical equipment
manufacturers

C) Canara Suraksha personal loan scheme - Loans from Rs 25,000 – Rs 5 lakh as immediate financial
assistance for COVID-19 treatment

A. Only A
B. Only B & C
C. Only C
D. Only A & B
E. Only B

Q130. Where is the headquarters of Canara HSBC Oriental Bank of Commerce Life Insurance?

A. Gurugram, Haryana
B. Pune, Maharashtra
C. Vadodara, Gujarat
D. Noida, Uttar Pradesh

Q131. In relation with FCNR bank accounts. What does ‘C’ stand for in FCNR?

A. Calculated
B. Credit
C. Capital
D. Currency

Q132. What is the full-form of “QR” in QR Code?

A. Quantum Regulated
B. Quantum Response
C. Qualified Response
D. Quick Regulated
E. Quick Response
Q133. What is the Maximum compensation amount that a Banking Ombudsman can award?

A. Rs. 20 lakhs
B. Rs. 10 lakhs
C. Rs. 2 crores
D. Rs. 1 crore

Q134. Under which section of the Banking Regulation Act of 1949, RBI is provided with powers for suspension
of business by a banking company and to prepare a scheme of amalgamation?

A. Section 56
B. Section 45
C. Section 49A
D. Section 52
E. Section 39A

Q135. What is the maximum time duration given for a resolution applicant to submit the resolution plan, as
per the Insolvency & Bankruptcy Code, 2016?

A. 240 days
B. 90 days
C. 45 days
D. 120 days
E. 150 days

Q136. What does “FIRC” stands for with respect to RBI?

A. Financial Investment Risk Clearance

B. Foreign Institutional Registration Certificate
C. Financial Institutions Risk Controller
D. Foreign Inward Remittance Certificate

Q137. Under which section of the Banking Regulation Act, 1949, the provisions for amalgamation of Banking
companies is provided?

A. Section 22(1)
B. Section 49A
C. Section 36AE
D. Section 44A
E. Section 23

Q138. As of May 2021, how many Small Savings Schemes are provided by the Government of India?

A. 6
B. 12
C. 15
D. 9
E. 3

Q139. In April 2020, Syndicate bank was amalgamated into which bank?

A. Indian Bank
B. Punjab National Bank
C. Union Bank
D. Canara Bank
E. Indian Overseas Bank
Q140. What was the limit set by RBI for investments in Government Securities to Foreign Portfolio Investors’ for
FY22?

A. 2%
B. 12%
C. 10%
D. 6%

Q141. Indian Banks’ Association (IBA) announced unsecured personal loans for all Public Sector Banks.
Identify the points that are correctly related to the PSB loans:

A) PSB’s can lend loans between Rs 25,000 to Rs 5 lakh to salaried, non-salaried and pensioners for COVID
19 treatment

B) The loan repayment period is 5-years with PSB’s free to decide on Interest rate

C) Loans upto Rs. 2 Crore are provided by PSB’s for Healthcare sector

A. Only B & C
B. All A, B & C
C. Only C
D. Only A & C
E. Only A & B

Q142. Which Crypto exchange launched a Non-Fungible Token (NFT) marketplace for the first time in India?

A. BuyUcoin
B. Unocoin
C. WazirX
D. Coinbase

Q143. Which bank (in June’21) announced to turn Carbon Neutral by 2032 by reducing its energy, water
consumptions & Create single-use plastic free corporate offices?

A. State Bank of India

B. Citibank
C. ICICI Bank
D. Axis Bank
E. HDFC Bank

Q144. Which Payment Bank (as of June’21) is planning to issue physical VISA debit cards to its customers?

A. India Post Payments Bank

B. Fino Payments Bank
C. Jio Payments Bank
D. Airtel Payments Bank
E. Paytm Payments Bank

Q145. Over 95% of loans were sanctioned under the PM SVANidhi scheme by PSU banks. What is the total
loan amount & tenure of loan under the PM SVANidhi scheme?

A. Rs 10,000 with a tenure of 1-year

B. Rs 25,000 with a tenure of 1-year
C. Rs 50,000 with a tenure of 2-year
D. Rs 50,000 with a tenure of 1-year
E. Rs 10,000 with a tenure of 2-year
Q146. Which Deputy Governor of RBI was re-appointed (in June’21) for a period of 2-years?

A. M Rajeshwar Rao
B. Rabi Sankar
C. BP Kanungo
D. Michael Patra
E. Mahesh Kumar Jain

Q147. Which is the 1st Country in the World to grand legal tender status to Bitcoin?

A. Costa Rica
B. El Salvador
C. Mexico
D. Paraguay
E. Haiti

Q148. Identify the Banks that were listed by NITI Aayog for privatization in FY22:

i. Bank of India

ii. Central Bank of India

iii. Canara Bank

iv. Indian Overseas Bank

A. Only i& iv
B. Only i& iii
C. Only ii, iii & iv
D. Only i, iii & iv
E. Only ii & iv

Q149. What is India’s GDP growth rate projected as per the (June’21) forecast of the Information and Credit
Rating Agency of India (ICRA)?

A. 8.5%
B. 7.3%
C. 9.1%
D. 6.7%

Q150. In June 2021, RBI made changes to the ATM interchangeability fee based on the recommendations of
the Committee on automated teller machines (ATM) Pricing. What are the points that are correctly related to
the changes made?

A) The Committee on ATM pricing headed by Usha Thorat proposed the changes to RBI

B) Interchangeability fee on Financial Transactions through ATM is increased from Rs 20 to Rs 21, whereas for
Non-Financial Transactions to Rs 12 to Rs 15

C) Currently, a customer can make 5 free ATM transactions in the ATMs of their Bank of Origin

A. Only B
B. Only B & C
C. Only C
D. Only A & C
E. Only A

Explanation: As per the recommendations of the Committee on automated teller machines (ATM) Pricing
headed by VG Kannan, RBI has made certain modifications over the ATM interchange fee, Free transaction
limit and Customer charges. i.RBI increased the interchange fee that banks could charge on ATM per
transaction from Rs 15 to Rs 17 for financial transactions, and from Rs 5 to Rs 6 for non-financial transactions
in all centres ii.RBI enabled the customers eligible to make 5 free transactions every month from the ATMs of
Bank of Origin, whereas the free transaction limit is 3 in metro centres and 5 in non-metro centres for
transactions in Other Bank ATMs iii. Charges on transactions beyond the free limit, are increased Rs 20 to Rs
21 per transaction

Q151. Which bank topped among the PSU banks in FY21 in terms of Loan & deposit growth?

A. State Bank of India

B. Canara Bank
C. Indian Bank
D. Bank of Maharashtra
E. Punjab & Sind Bank

Q152. Which organisation got approval (in June’21) from the National Company Law Tribunal to acquire
Dewan Housing Finance Corporation Ltd (DHFL)?

A. Piramal Capital and Housing Finance

B. Oaktree Capital Management
C. Adani Group
D. Brookfield Asset Management

Q153. For the 1st time in the history, India’s Foreign Exchange Reserves crossed ________ mark in June 2021,
as per the data released by RBI

A. USD 1 Trillion
B. USD 500 Billion
C. USD 2 Trillion
D. USD 750 Billion
E. USD 600 Billion

Q154. What is the minimum Net Owned Funds (NFO) required for commencement of business of Non-
Banking Financial Company (NBFC) - Microfinance Institutions (MFI) in India?

A. Rs. 5 crore
B. Rs. 10 crore
C. Rs. 20 crore
D. Rs. 50 crore
E. Rs. 100 crore

Q155. Which company launched India’s 1st Wallet Auto Top-up feature using UPI e-mandates?

A. Paytm
B. BHIM
C. PhonePe
D. MobiKwik
E. Google Pay

Q156. In June 2021, Financial Action Task Force (FATF) released its updated list of countries, where Pakistan
remained in the __________ and _________ was removed from the list.

A. Grey List; Malta

B. Black List; Malta
C. Black List; Philippines
D. Grey List; Philippines
E. Grey List; Ghana

Q157. In June 2021, RBI extended regulatory restrictions on __________ till December 2021 to enable
completion of its takeover by Centrum Financial Services

A. Mehsana Urban Cooperative Bank

B. Punjab & Maharashtra Cooperative Bank
C. Mahanagar Cooperative Bank
 D. Bombay Mercantile Cooperative Bank

Q158. In June 2021, Union Minister of MSME Nitin Gadkari launched “MSME Prerana”, a 1st of its kind
program by _____________ in _____________.

A. Canara Bank; Tamil Nadu

B. Indian Bank; Tamil Nadu
C. Canara Bank; Gujarat
D. Indian Bank; Gujarat
E. Indian Bank; Maharashtra

Q159. IFSC code is a ________digit alpha-numeric code, where the _____ digit is kept ‘0’ for future use

A. 11; 7th
B. 15; 6th
C. 13; 5th
D. 15; 7th
E. 11; 5th

Q160. How many alphanumeric digits are there in the International Securities Identification Number (ISIN)?

A. 13
B. 12
C. 15
D. 11
E. 14

Q161. Which company became the 1st to partner with Google Pay for digital lending to Small and
mediumsized enterprises (SMEs)?

A. Bajaj Finserv
B. FlexiLoans
C. Fullerton India
D. Tata Capita

Q162. ________ in partnership with _______________ launched India’s 1st FASTag/UPI based cashless parking
facility at Kashmere Gate Metro Station

A. Mumbai Metro Rail Corporation; National Payments Corporation of India

B. Delhi Metro Rail Corporation; National Informatics Centre
C. Chennai Metro Rail Limited; National Informatics Centre
D. Delhi Metro Rail Corporation; National Payments Corporation of India

Q163. Which Sector is focused on RBI’s ‘Order Books, Inventories and Capacity Utilization Survey’ (OBICUS)
that is conducted on a quarterly basis?

A. Tourism & Hospitality

B. Service
C. Manufacturing
D. Agriculture
E. Construction & Real estate

Q164. In July 2021, _______modified the auction methodology of Government Securities with tenure -2-year,
3-year, 5-year, 10-year, 14-year to _______

A. RBI; Multi-price Auction Method

B. SEBI; Uniform Price Auction Method
C. IRDAI; Multi-price Auction Method
D. RBI; Uniform Price Auction Method
Q165. RBI issued guidelines to banks for smoother transition from the international benchmark reference
rate, _______ to other popular alternatives, as it is set to phase out on _________

A. LIBOR; 31st December, 2021

B. SOFR; 31st December, 2021
C. SONIA; 31st December, 2021
D. SOFR; 31st December, 2022

Q166. All Debit & Credit cards issued by banks will have a complimentary ‘Personal Accident Insurance
Cover’ with a maximum limit of ___________

A. Rs 10 crore
B. Rs 10 lakh
C. Rs 1 crore
D. Rs 5 crore
E. Rs 50 lakh

Q167. What is the Prior initiation time set by SEBI for Stock Exchanges to make modifications in the contract
specifications on Category A contracts?

A. 30 days
B. 45 days
C. 10 days
D. 25 days
E. 60 days

SEBI reduced the ‘Advance Intimation timeliness’ for Stock Exchanges to make modifications in the contract
specifications of ‘Commodity Derivatives Contracts’ (CDCs). i. Prior intimation timing - 10 days for Category
A; 30 days for Category B & C

Q168. In July 2021, the Finance Ministry amended the LIC Act 1956 to replace the post of ___________ with
________

A. MD; CEO
B. CEO; Chairman
C. Chairman; MD
D. Chairman; CEO

Q169. Identify the points that are correctly related to incorporation of National Asset Reconstruction
Company (NARCL):

A) NARCL is authorised with a paid up capital of Rs 100 crore, where 12% of its share is held by Canara Bank
to become the company’s sponsor

B) Former SBI Chairman Rajnish Kumar will serve as the Managing Director of NARCL

C) NARCL was incorporated under the Ministry of Finance to deal with Bad loans in financial sector

A. Only A & B
B. All A, B & C
C. Only C
D. Only A
E. Only A & C

The Ministry of Corporate Affairs (MCA) has incorporated the ‘National Asset Reconstruction Company
(NARCL)’ also known as Bad Banks/Asset Reconstruction Company (ARC) with an authorised capital of INR
100 crore and paid-up capital of INR 74.6 crore. i. Padmakumar Madhavan Nair, a stressed assets expert
from SBI will serve as the Managing Director of NARCL. ii. NARCL will house bad loan accounts of INR 500
crore or more. iii. Canara Bank would be the sponsor of NARCL and will hold a 12% equity, other large
public sector banks will hold less than 10% each in NARCL
Q170. Identify the points that are correctly related to the ‘RBI Retail Direct’ Scheme:

A) Under the scheme Retail users can open a ‘Retail Direct Gilt Account’ with RBI

B) Retail Investors can participate in Online auctions of Government Securities (G-Sec)

C) As per the Scheme, both Residential & Non-Residential retail investors are eligible to invest in G-Sec

A. Only A & B
B. All A, B & C
C. Only C
D. Only A
E. Only A & C

Q171. Which is the 1st Foreign Country to implement India’s BHIM UPI standards for its QR deployment?

A. Bangladesh
B. Maldives
C. Sri Lanka
D. Nepal
E. Bhutan

Q172. In July 2021, RBI extended the deadline for banks to use Lockable Cassettes in ATMs till __________, the
Committee on Currency Movement under the Chairmanship of _______________ recommended the use of
Lockable Cash Cassettes.

A. March 2022; D K Mohanty

B. July 2023; Jayant Kumar Dash
C. July 2022; D K Mohanty
D. March 2022; Jayant Kumar Dash

Q173. Which organisation recently (in July’21) launched 2 Surveys’ - ‘Industrial Outlook Survey’ (IOS) &
‘Services and Infrastructure Outlook Survey’ (SIOS) that accesses the performance of Manufacturing Sector
in Q2 FY22?

A. NITI Aayog
B. Ministry of Corporate Affairs
C. Department for Promotion of Industry & Internal Trade
D. Reserve Bank of India
E. Securities & Exchange Board of India

Q174. In July 2021, RBI amended the regulatory restrictions on personal loans and advances that are
granted to bank directors and their relatives.What are the points that are correctly related to the recent
amendments?

A) Directors & their relatives can receive personal loans upto Rs 25 lakhs

B) The limit for Business loans is set at Rs 5 Crores

C) There is No need for getting approval from the board of Directors/Management Committee to grant
loans up to Rs 5 crore

A. Only A & C
B. Only B
C. Only B & C
D. Only C
E. All A, B & C
Q175. In July 2021, RBI announced to introduce ‘Central Bank Digital Currency’ in phased manner. What is
the scope of the currency?

A. It will replace the existing paper currency

B. It will integrate all existing modes of business transactions
C. It is exchangeable with the existing paper currency
D. Both 1 & 2
E. All the Above

Q176. Name the financial solution launched (in July’21) by ‘Society for Worldwide Interbank Financial
Telecommunications (SWIFT)’ to enable Low-Value Cross-Border Payments across the globe for Small and
Medium-Sized Enterprises

A. SWIFT SME
B. SWIFT World
C. SWIFT Go
D. SWIFT Trade

Q177. Who were permitted (in July’21) by RBI to participate in Centralised Payment Systems like - RTGS,
NEFT?

A. Prepaid Payment Instruments Issuers

B. White Label ATM Operators
C. Card Networks
D. Only 2 & 3
E. All 1, 2 & 3

Q178. What is the highest face value/denomination of an electoral bond?

A. Rs 50,000
B. Rs 1 lakh
C. Rs 1 crore
D. Rs 10 lakh
E. Rs 5 lakh

Q179. The acronym ‘LIBOR’ stands for ________

A. Limited International Banking Offer Rate

B. Liquidity Infused Bank Outsourcing Rate
C. Limited Infusion of Bank Offered Rate
D. London International Bank Outsourcing Rate
E. London Inter-Bank Offered Rate

Q180. How many digits are there in the Mobile Money Identifier (MMID)?

A. 12-digits
B. 7-digits
C. 16-digits
D. 9-digits
E. 14-digits

Q181. How many digits are there in the MICR code used in bank cheques?

A. 14-digits
B. 11-digits
C. 7-digits
D. 9-digits
E. 13-digits
Q182. As per the Banking Regulation Act - 1949, All Banks in India shall maintain a Reserve Fund/Statutory
Reserve equivalent to ______ of their annual net profit.

A. 5%
B. 25%
C. 10%
D. 15%
E. 20%

Q183. As per the Insolvency and Bankruptcy Code (Amendment Bill), 2021 - The minimum threshold for
initiating pre-packaged insolvency resolution has been increased to ___________.

A. Rs 10 crore
B. Rs 5 crore
C. Rs 1 crore
D. Rs 50 lakhs
E. Rs 10 lakhs

Q184. Identify the points that are correctly related to “e-RUPI” - a digital payment solution launched by the
Prime minister in August 2021.

A) It is a One-time generatable Digital Payment Voucher developed by NPCI to facilitate ease in Direct
Benefit Transfer by government

B) Digital Voucher consisting of QR code or SMS-string will be sent to the beneficiaries registered mobile
number

C) At present, there are 11 banks registered with the e-RUPI service of NPCI

A. All A, B & C
B. Only B & C
C. Only A & C
D. Only B
E. Only C

Q185. Identify the points that are correctly related to the recent (in Aug’21) initiatives of RBI on Payment
System Operators’ (PSO)

A) RBI allowed Non-bank POS to Outsource data on Payment and Settlement-related Activities to service
providers

B) Core management functions such as risk management are still under restriction for outsourcing

C) RBI imposed a penalty of Rs 6 lakh on Hewlett-Packard Financial Services, for non-compliance on

submission of credit information to Central Repository of Information on Large Credits

A. Only C
B. Only A & C
C. All A, B & C
D. Only B & C
E. Only B

Q186. What is the timeline fixed by RBI (in Aug’21) for Banks to implement the revised rules on opening
current accounts?

A. 30th October 2021

B. 15th August 2021
C. 31st August 2021
D. 30th September 2021
Q187. Which organisation partnered (in Aug’21) with Insolvency and Bankruptcy Board of India (IBBI) to
enhance research efforts of IBBI?

A. SEBI
B. IRDAI
C. National Stock Exchange
D. Bombay Stock Exchange

Q188. In August 2021, RBI increased the Collateral free loan for __________ under the DAY- National Rural
Livelihoods Mission to ______________.

A. Self Help Groups; Rs 10 lakhs

B. MSME Sector; Rs 20 lakhs
C. Farmer Producer Organisations; Rs 10 lakhs
D. MSME Sector; Rs 10 lakhs
E. Self Help Groups; Rs 20 lakhs

Q189. Who was appointed (in Aug’21) as the ambassador of RBI’s awareness Campaign on Digital Banking
Frauds?

A. Rajkumar Rao
B. Mirabai Chanu
C. Neeraj Chopra
D. Ayushmann Khurrana
E. PV Sindhu

Q190. Which is the 1st Indian Crypto Currency Exchange to become a Unicorn Company?

A. CoinDCX
B. WazirX
C. Binance
D. Coinbase
E. Bitstamp

Q191. In August 2021, RBI introduced a penalty of Rs 10,000/ATM for unavailability of Cash in an ATM for
more than _____________with effective from October 01, 2021

A. 10 hours/day
B. 10 hours/month
C. 24 hours/month
D. 5 hours/day
E. 5 hours/week

Q192. In August 2021, SEBI merged 2 debt securities regulations, SEBI (Issue and Listing of Debt Securities)
Regulations, 2008 and SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 into a single
Regulation. Identify the point(s) that is/are correctly related to it.

A) These regulations enabled the Issuers who have an existing history of less than 3-years to tap the bond
market with certain conditions.

B) Under these regulations, the issuers should issue debt securities only on a private placement basis.

C) Under these regulations, whatever the issue size, the issue should be made on the EBP (electronic book
mechanism) platform.

A. Only A & B
B. Only A & C
C. Only B & C
D. All A, B & C
Q193. In August 2021, IIFL Finance had partnered with _________ to offer digital credit products to its
merchants through its ‘buy-now-pay-later’ feature.

A. NSE
B. Razorpay
C. PolicyBazaar
D. FinBox

Q194. In August 2021, RBI issued the draft documents on Foreign Exchange Management (FEM) Rules, 2021
and FEM (OI) Regulations, 2021. What are the points that are correctly related to the initiatives made in the
draft documents?

A) Overseas Investments can be made only on foreign entities that are FATF Compliant Countries

B) Indian Residents are prohibited from making Overseas Direct Investments in Real Estate & Gambling

C) Indian Entities can invest in debt instruments of foreign entities with a backup loan agreement

A. All A, B & C
B. Only C
C. Only A & C
D. Only B
E. Only B & C

Q195. In August 2021, ___________ launched #FollowPaymentDistancing - a campaign to increase

contactless payments using _________cards.

A. National Payment Corporation of India; RuPay

B. National Informatics Center; MasterCard
C. National Payment Corporation of India; Visa
D. National Informatics Center; RuPay

Q196. Which organization had set up a panel (in Aug’ 21) )to reduce India’s trade settlement cycle from the
current Trade plus 2 days to Trade plus 1 day?

A. Reserve Bank of India

B. Ministry of Corporate Affairs
C. Insurance Regulatory and Development Authority
D. Securities and Exchange Board of India

Q197. After 8 months, RBI removed the restrictions (in Aug’ 21) and allowed issuance of new credit cards to
which bank?

A. ICICI Bank
B. HDFC Bank
C. YES Bank
D. Kotak Mahindra Bank
Q198. Identify the statement(s) that are correctly related to the RBI’ revised guidelines for both new and
existing Safe Deposit Locker and Safe Custody Article Facility with the banks in August 2021.

A) Compensation of 50 times of the existing annual rent of the safe deposit locker will be there in case of
incidents such as fire, theft, burglary, or fraud committed by the bank’s employees.

B) ‘Locker agreement’ should be there for prohibiting the hirer from keeping anything illegal or hazardous in
lockers.

C) If the locker remains inoperative for 4 years then the bank could transfer the content to the customer’s
nominees/legal heir.

A. Only A
B. Only B
C. Only C
D. Both A & B

i. Compensation of 100 times of the existing annual rent of the safe deposit locker will be there in case of
incidents such as fire, theft, burglary, or fraud committed by the bank’s employees.

ii. ‘Locker agreement’ should be there for prohibiting the hirer from keeping anything illegal or hazardous in
lockers.

iii. If the locker remains inoperative for 7 years then the bank could transfer the content to the customer’s
nominees/legal heir

Q199. In August 2021, India Ratings and Research (Ind-Ra) downgraded India’s GDP for FY22 to ____________
due to slow vaccination of the adult population.

A. 9.6%
B. 10.9%
C. 10.4%
D. 9.4%

Q200. RBI introduced a web-based and end-to-end workflow automation system named PRISM to
strengthen the compliance of the entities The acronym ‘PRISM’, stands for_________.

A. Platform for Regulated Entities for Internal Supervision and Marketing

B. Platform for Regular Entities for Integrated Supervision and Marketing
C. Platform for Regulated Entities for Integrated Supervision and Monitoring
D. Platform for Regular Entities for Internal Series and Monitoring

Q201. Who had purchased 1.59% equity shares via the qualified institutions placement (QIP) in Canara Bank
for around Rs 407 Crores (in Aug.’ 21)?

A. Radhakishan Damani
B. Vijay Kedia
C. Nemish Shah
D. Dolly Khanna
E. Rakesh Jhunjhunwala

Rakesh Jhunjhunwala had picked up 1.59% equity shares via the qualified institutions placement (QIP) in
Canara Bank, which is around INR 407 Crore. He is also known as the ‘ Warren Buffett of India‘

Q202. In August 2021, Finance Minister Nirmala Sitharaman Unveiled EASE 4.0, reviewed PSBs & made
changes in Family Pension. Identify the statement(s) that are correct with respect to these announcements

A) Union Bank of India ranked 1st in ‘EASE Reforms Index Award 2021’, given under EASE 3.0 Banking
Reforms Index.

B) There was a profit of Rs 31,817 crore in FY21 for the 1st time after 5 years of loss as many customers were
benefited through Credit@click, the flagship initiative under EASE 3.0.
C) Indian Banks’ Association’s (IBA) proposal was approved to increase the family pension for the family of
PSB employees to 30% of the last salary drawn.

A. Only A & B
B. Only B & C
C. Only A
D. Only B

Q203. Who were the newly included by the RBI as beneficiaries of the Payments Infrastructure Development
Fund (PIDF) Scheme?

A. MSME Sector
B. Street Vendors
C. Non-Banking Financial Institutions
D. Both 1 & 2
E. All 1, 2 & 3

Q204. Identify the points that are correctly related to the Master Directions on Prepaid Payment Instruments
(PPI), 2021 that was recently (in Aug’21) issued by RBI:

A) RBI has reclassified the PPI system into 2 types - Small PPIs & Full-KYC PPIs

B) The Outstanding Amount for a Small PPI can be upto Rs 10,000/ month, whereas the Outstanding Amount
for Full-KYC PPIs shall not exceeding Rs 2 lakh

C) Small PPIs should be converted into full-KYC PPIs within 24 months from the date of issue of the PPI.

A. Only C
B. All A, B & C
C. Only B & C
D. Only A
E. Only A & C

Q205. What are the points that are correctly related to the recent (in Aug’21) changes made by RBI towards
the remittance to Nepal and the ‘Currency Distribution & Exchange Scheme’ (CDES)?

A) The cap of 12 remittances/year was introduced and the maximum ceiling for remittance from India to
Nepal was increased from Rs 50,000 to Rs 5 lakhs

B) Incentives for Banks towards distribution of coins has been increased from Rs 25/bag to Rs 65/bag

C) Banks in rural & semi-urban areas will get an addition Rs 10/bag as incentive

A. Only C
B. All A, B & C
C. Only B & C
D. Only A
E. Only A & C

I.RBI increased the ceiling on remittances per transaction from India to Nepal from Rs 50,000 to Rs 2 lakh. RBI
has also removed the limit of 12 remittances/year per remitter.

Ii.RBI reviewed the ‘Currency Distribution & Exchange Scheme’ (CDES) and increased the incentives being
paid to the banks for distribution of coins to the general public from Rs 25/bag to Rs 65/bag.

iii. An additional incentive of Rs 10 per bag for coin distribution in rural and semi-urban areas was also
introduced by RBI
Q206. Which of the following devices were included by RBI (in Aug’21) into its ‘tokenisation’ policy for card
transactions?

A. IoT devices
B. Laptops
C. Wearable devices
D. Both A & C
E. All A, B, C

Q207. What was the targeted loan limit under Emergency Credit Line Guarantee Scheme (ECLGS) 3.0?

A. Rs 3 lakh crores
B. Rs 1 lakh crore
C. Rs 5 lakh crores
D. Rs 4 lakh crores
E. Rs 2 lakh crores

Q208. Identify the type of ATM that is set-up to serve the special purpose of ‘Women Banking’

A. White Label ATM

B. Pink Label ATM
C. Orange Label ATM
D. Green Label ATM

Q209. Currently (in Aug’ 21), how many Public Sector Undertaking Banks are there in India?

A. 14
B. 12
C. 18
D. 16
E. 22

Q210. Which Fin-Tech company partnered with Retailers Association’s Skill Council of India (RASCI) (in Sept’
21) to launch "NeoDukaan" - a digital store management tool?

A. Paytm
B. PhonePe
C. RazorPay
D. PayNearby
E. Bill Desk

Q211. Identify the point(s) that are correctly related to the recent guidelines (in Sept’ 21) given by the
Pension Fund Regulatory and Development Authority (PFRDA).

A) PFRDA increased the maximum age for joining the National Pension System from 60 years to 68 years of
age.

B) The Subscribers are made eligible to open Tier II Accounts, a voluntary savings facility, for investing their
disposable income to optimize their returns.

C) Maximum of up to 60% of the PF amount could be withdrawn as a lump sum amount, after the
completion of the minimum of 3-years duration.

A. Only A & B
B. Only B & C
C. Only A & C
D. All A, B & C
Q212. How much of Special Drawing Rights were allocated to India (in Aug’ 21) by the International
Monetary Fund?

A. SDR 15.67 billion

B. SDR 12.57 billion
C. SDR 10.87 billion
D. SDR 18.57 billion

Q213. To examine applications and give recommendations on __________ licenses, RBI planned (in Sept’ 21)
to set up a 5-member committee headed by __________.

A. NBFC; G Bapat
B. New Umbrella Entity; P Vasudevan
C. New Umbrella Entity; Usha Thorat
D. Small Finance Bank; P Vasudevan

Q214. Which Financial Services Company recently (in Sept’ 21) got approval from SEBI to launch its Asset
Management Company?

A. RKSV Securities Limited

B. ICICI Securities Limited
C. Angel Broking Limited
D. Zerodha Broking Limited

Q215. What is the annual contribution limit for tax free ‘interest income’ which is earned through the
Employees Provident Fund (EPF) contributions set by the Central Board of Direct Taxes for EPF members?

A. Rs 5 Lakh
B. Rs 1 Lakh
C. Rs 2.5 Lakh
D. Rs 2 Lakh

Q216. Name the financial services company that launched (in Sept’ 21) India’s 1st interactive geospatial
website named ‘Pulse’ to offer digital payment services.

A. BHIM
B. PhonePe
C. MobiKwik
D. Paytm

Q217. Which bank recently (in Sept’ 21) partnered with One Card to launch a mobile-based credit card -
‘Mobile First’?

A. HSBC Bank India

B. Citibank
C. SBM Bank India (State Bank of Mauritius)
D. Deutsche Bank India

Q218. Which organization recently (in Sept’ 21) partnered with ‘Innoviti’ to enable transactions without
Internet Connectivity?

A. PayPal
B. Maestro
C. Visa
D. MasterCard

Visa has partnered with payment solutions firm Innoviti to enable the service of storing money in the cards
upto Rs 2,000. It will enable transactions without connectivity. RBI is also promoting this initiative and urging
other banks to come up with offline transaction facilities.
Q219. SEBI will initiate the T+1 (today plus one) settlement cycle for equity transactions from which date?

A. 1st April 2022

B. 1st December 2021
C. 1st November 2021
D. 1st October 2021
E. 1st January 2022

Q220. Name the RuPay based API platform that was recently (in Sept’ 21) launched by National Payments
Corporation of India in collaboration with ‘Fiserv’.

A. nFiNi
B. 3scale
C. nDell
D. Apigee

Q221. Who was appointed (in Sept’ 21) as the Managing Director of Export-Import Bank of India?

A. J. Packirisamy
B. Lingam Venkat Prabhakar
C. Harsha Bhupendra Bangari
D. David Rasquinha

Q222. In September 2021, South Indian Bank collaborated with ‘OneCard’ to launch an app & named it as __

A. OneCard - SIB Tej

B. SIB – OneCard Connect
C. SIB – OneCard Credit Card
D. OneCard - SIB Dlite

After SBM Bank-India (State Bank of Mauritius), now South Indian Bank (SIB) had collaborated with Pune
(Maharashtra)-based OneCard to launch an app based ‘SIB – OneCard Credit Card’ that was based on NFC
(Near Field Technology) facility.

i. SIB is the first private sector bank in India to open a Currency Chest on behalf of the RBI

Q223. Which bank recently (in Sept’ 21) was delisted by RBI from its Prompt Corrective Action (PCA)
Restrictions Framework?

A. Indian Overseas Bank

B. UCO Bank
C. Punjab National Bank
D. YES Bank
E. Central Bank of India

RBI delisted UCO Bank from its Prompt Corrective Action (PCA) framework, as the bank’s earning in the last
1-year till 31st March 2021 has satisfied the necessary conditions for its removal. i. Currently, the PCA
framework monitors only 2 banks – Indian Overseas Bank & Central Bank of India.

Q224. In order to ease cross-border payments, RBI & Monetary Authority of __________ announced a project
to link UPI & PayNow by July 2022.

A. Indonesia
B. Malaysia
C. Japan
D. Singapore
E. South Korea
Q225. What was India’s GDP growth projection for 2021 as per the UNCTAD’s report - “Trade and
Development Report 2021” released in September 2021?

A. 6.7%
B. 7.2%
C. 7.7%
D. 6.1%

Q226. Which bank was named as ‘World’s Best Bank 2021’ & ‘World’s Best Digital Bank 2021’ by Euromoney
in its ‘Global Awards for Excellence 2021’?

A. DBS Bank
B. Kotak Mahendra Bank
C. State Bank of India
D. HDFC Bank
E. ICICI Bank

Q227. Name the Bank that won (in Sept’ 21) 1st prize in ‘Rajbhasha Kirti Puraskar’ for the 4th consecutive
time.

A. State Bank of India

B. Punjab National Bank
C. Union Bank of India
D. Canara Bank

Q228. Which Bank recently (in Sept’ 21) partnered with ‘Bharat Petroleum Corporation Limited’ to launch a
personalized co-branded debit card named- ‘RuPay NCMC’ (National Common Mobility Card)?

A. Bank of Baroda
B. Indian Overseas Bank
C. State Bank of India
D. Union Bank of India
E. Canara Bank

Q229. Which Organization recently (in Sept’ 21) partnered with a SME lending platform based,‘Davinta’ to
offer “Buy Now Pay Later”(BNPL) credit facility to MSMEs & Kiranas?

A. BigBasket India
B. Amazon Fresh
C. Flipkart Wholesale
D. Grofers

Q230. Name the organization that was set up (in Sept’ 21) by the Government for debt management &
cleaning up of Non-Performing Assets (NPAs).

A. Indian Financial Re-Engineering Advisors

B. India Debt Resolution Company Limited
C. IRM India Affiliate Limited
D. Think Analytics India Limited
E. SaveBank Company Limited

The government set up the India Debt Resolution Company Ltd (IDRCL), an asset management company
(AMC) that will work with the National Asset Reconstruction Company Ltd (NARCL)/Bad Bank to clean up
bad loans (i.e. Non-Performing Assets (NPAs)). i. Canara Bank is the sponsor bank for the organization
Q231. Which Bank recently (in Sept’ 21) tied up with ‘National Payments Corporation of India’ to launch
RuPay Signet Contactless Credit Card?

A. Bandhan Bank
B. Indian Overseas Bank
C. Federal Bank
D. Corporation Bank
E. State Bank of India

Q232. To fund the revenue gap for reviving the economy, the Government of India (in Sept’ 21) borrowed
_________from RBI for the second half (H2) of FY22 to revive Indian Economy from COVID-19.

A. Rs 4 lakh crore
B. Rs 5 lakh crore
C. Rs 6 lakh crore
D. Rs 7 lakh crore

Q233. What was India’s GDP growth rate projected by ‘S&P Global Ratings’ for FY22, as of September 2021?

A. 7.2%
B. 8.9%
C. 10.2%
D. 9.5%

Q234. How many Banking Ombudsman regional offices are there in India (as of Sept’ 21)?

A. 15
B. 18
C. 20
D. 22

Q235. Which of the following is NOT one of the Central Governments’ 4R Strategy for the banking sector?

A. Recognition
B. Resolution
C. Ratings
D. Recapitalisation
E. Reforms

Q236. ‘CRAR’ stands for __________ .

A. Credit to Return -Weighted Assets Ratio

B. Credit to Risk-Weighted Assets Ratio
C. Capital to Return-Weighted Assets Ratio
D. Capital to Risk-Weighted Assets Ratio
E. Capacity to Return-Weighted Assets Ratio

Q237. What is the total number of Small Finance Banks (SFBs) in India as of September 2021?

A. 11
B. 12
C. 13
D. 14
E. 15
Q238. Who is the present (as of Sept’ 21) Chairman of National Bank for Agriculture and Rural Development
(NABARD)?

A. G.R. Chintala
B. M.R. Kumar
C. Ajay Tyagi
D. Vipin Anand
E. Subhash Chandra Khuntia

Q239. Which of the following Option is NOT correct with respect to the Frameworks issued by the board of
Securities and Exchange Board of India (SEBI) in September 2021?

A. SEBI approved the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021 to
create ‘One Nation One Price’ of gold.
B. The Board approved the creation of the ‘Smart Crypto Exchange’ for fund raising by Entrepreneurs.
C. ‘SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011’ was amended to make
merger and acquisition (M&A) transactions more convenient.
D. ‘SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015’ was amended in relation to
regulatory provisions on Related Party Transactions (RPTs).
E. It relaxed the eligibility requirements related to the Superior Voting Rights (SR) Shares framework to
retain the control of their firms by raising capital.

Q240. Which bank was removed by RBI (in Sept' 21) from its Prompt Corrective Action (PCA) framework?

A. Punjab National Bank

B. Central Bank of India
C. YES Bank
D. Indian Overseas Bank
E. State Bank of India

i. Currently, the Central Bank of India is the only lender under the RBI’s PCA framework.

Q241. Which Bank recently (in Oct’ 21) signed a Master Agreement with 3 NBFC-microfinance institutions
(NBFC-MFIs) for co-lending to Joint Liability Groups?

A. ICICI Bank
B. Bank of Baroda
C. HDFC Bank
D. State Bank of India
E. Canara Bank

Q242. Which organization recently (in Oct’ 21) launched ‘PAY feature’ on its mobile app to provide the
integrated facility of QR code based payment & loyalty points?

A. PhonePe
B. PayTm
C. Google Pay
D. Payback India
E. MobiKwik

Q243. Who was recently (in Sept’ 21) appointed as the brand ambassador of India’s first crypto unicorn
‘Coindcx’?

A. Sharukh Khan
B. Amir Khan
C. Ranveer Singh
D. Amitabh Bachchan
Q244. In October 2021, RBI gave approval for the operation of ‘National Asset Reconstruction Company Ltd’
(NARCL). What are the points that are correctly related to NARCL?

A) NARCL was set up with a corpus of Rs. 6000 crores, under Section 3 of SARFAESI Act, 2002.

B) 74% of NARCL will be owned by PSBs & it will pay up to 20% of the agreed value for the bad loans in cash
and the remaining 80% would be government-guaranteed Security Receipts.

C) Ajit Krishnan Nair was hired as the MD of NARCL.

A. Only A
B. Only B
C. Only C
D. Both A & B

Q245. What was India’s Bank Credit Growth in Q1 of FY22 in the ‘Quarterly Basic Statistical Returns-1:
Outstanding Credit of Scheduled Commercial Banks’ report released by RBI?

A. 5.8%
B. 4.3%
C. 5.1%
D. 4.7%

Q246. Name the organization that recently (in Oct’ 21) received an in-principle approval from the RBI to
setup and operate Trade Receivables Discounting System (TReDS).

A. NSE Technologies Private Limited

B. BSE Technologies Private Limited
C. Marketplace Technologies Private Limited
D. Zerodha Technologies Private Limited
E. Angel Broking Private Limited

Q247. In October 2021, Fitch Ratings in its latest ‘APAC (Asia-Pacific) Sovereign Credit Overview 4Q21’
reduced India’s GDP growth forecast for FY22 to ________ from 10%.

A. 8.7%
B. 9.2%
C. 6.7%
D. 7.1%
E. 8%

Q248. Name the organization that recently (in Oct’ 21) launched a global FinTech Hackathon Series called
‘Sprint01: BankTech’ for the Banking sector.

A. Federation of Indian Chambers of Commerce and Industry(FICCI)

B. International Financial Services Centres Authority (IFSCA)
C. Reserve Bank of India (RBI)
D. Financial Services and Markets Authority (FSMA)
E. Small Industries Development Bank of India (SIDBI)

Q249. Which bank was recently (in Oct’ 21) authorised by RBI to collect Direct and Indirect Taxes, on behalf
of CBDT & CBIC?

A. HDFC Bank
B. Axis Bank
C. Kotak Mahindra Bank
D. Federal Bank
E. DBS Bank
Q250. In October 2021, RBI’s 6-members Monetary Policy Committee (MPC) released its fourth bi-monthly
monetary policy statement.

Which of the following point(s) are correct with respect to these announcements?

A) RBI kept the rates unchanged and continued with the accommodative stance perpetuating the Policy
Repo Rate at 3.35% and MSF Rate at 4%.

B) The MPC retained India’s real GDP growth projection for FY22 at 8.8% & CPI inflation at 4.9% in FY22.

C) RBI decided to extend the on tap ‘Special Long-Term Repo Operations’ (SLTRO) facility for small finance
banks (SFBs) till December 31, 2021.

A. All A, B & C
B. Only A & B
C. Only B & C
D. Only A & C
E. Only C

i. RBI kept the rates unchanged for the 8th consecutive time & continued with the accommodative stance
perpetuating the rates as follows- Policy Repo Rate- 4%, Reverse Repo Rate- 3.35%, Marginal Standing
Facility (MSF) Rate- 4.25%, Bank Rate- 4.25%, Cash Reserve Ratio (CRR)- 4% and Statutory Liquidity Ratio
(SLR)-18%.

ii. The Monetary Policy Committee (MPC) retained India’s real GDP growth projection for FY22 at 9.5% &
Consumer Price Index (CPI) inflation at 5.3% in FY22.

iii. RBI decided to extend the on tap ‘Special Long-Term Repo Operations’ (SLTRO) facility for small finance
banks (SFBs) till December 31, 2021.

Q251. Which of the following points is NOT correct with respect to the key initiatives taken by the RBI in
October 2021?

A. RBI proposed to increase the per-transaction limit in IMPS from Rs 2 lakh to Rs 5 lakh.
B. RBI proposed to introduce a framework for carrying out retail digital payments in offline mode with
the total limit being Rs 2,000.
C. Geo-Tagging of physical payment acceptance infrastructure will be set up to find out location
information of existing payment acceptance infrastructure.
D. RBI announced the 4th sandbox cohort with the theme of ‘MSME Lending’.
E. Internal Ombudsman Scheme (IOS) was introduced by RBI for NBFCs and PSL facility by Banks to
NBFCs was extended till March 31, 2022

Q252. Which Small Finance Bank (SFB) got license from RBI (in Oct'21) to become India's 12th SFB?

A. Paytm Small Finance Bank

B. Jana Small Finance Bank
C. Asirvad Small Finance Bank
D. Unity Small Finance Bank
E. Fusion Small Finance Bank

i. With the establishment of USFBL, the number of SFBs in India was increased to 12.

Q253. What was India’s GDP forecast for 2021 as per the 'World Economic Outlook' released by the
International Monetary Fund (IMF) in October, 2021?

A. 9.5%
B. 8.9%
C. 8.3%
D. 7.7%
Q254. In October 2021, SBI, UBI, PNB & Indian Bank picked up their stakes in the proposed bad bank named-
‘__________’.

A. Pegasus Assets Reconstruction Private Ltd

B. India Debt Resolution Company Ltd
C. Phoenix ARC Private Limited
D. India SME Asset Reconstruction Company Ltd
E. National Asset Reconstruction Company Ltd

The State Bank of India(SBI), Union Bank of India(UBI), Punjab National Bank(PNB) and Indian Bank picked
up more than 12% stake each in the proposed bad bank National Asset Reconstruction Company Ltd
(NARCL).

i. 51% stakes of NARCL will be owned by the PSBs and the rest will be owned by private-sector lenders.

Q255. Identify the Organisation that (in Oct’21) launched the Unique payment mode ‘ClickPay’ in
partnership with NPCI Bharat BillPay Ltd.

A. PhonePe
B. Amazon
C. MobiKwik
D. PayPal
E. Paytm

Q256. Who recently (in Oct’ 21) got additional charge as the Chairperson of Insolvency and Bankruptcy
Board of India (IBBI)?

A. Bansi Lal Bha

B. Ashok Kumar Tandon
C. Navrang Saini
D. S. Sahoo
E. Rekha Sharma

Q257. Who was recently (in Oct’ 21) elected as the Chairman of the Indian Banks’ Association (IBA)?

A. Sivasubramanian Ramann
B. R.K Malhotra
C. Vijay Shekhar Sharma
D. Rajkiran Rai G
E. Atul Kumar Goel

Q258. Which Organization recently (in Oct’ 21) signed an MoU with ‘Business Leadership League’ (BLL) to
help Small and Medium Enterprises (SMEs)?

A. Reserve Bank of India (RBI)

B. Bombay Stock Exchange (BSE)
C. National Stock Exchange (NSE)
D. Insurance Regulatory and Development Authority (IRDA)

Q259. In October 2021, The Central Government kept the interest rates on ‘Small Savings Schemes’ (SSS)
unchanged for Q3-FY22. What is the interest rate allocated for the ‘Sukanya Samriddhi Yojana account’?

A. 7.6%
B. 7.1%
C. 6.8%
D. 7.4%
Q260. In October 2021, NPCI launched the NPCI Tokenization system (NTS) under which it will provide TROF
service for securing card details at the RuPay Network Secure vault. In the acronym ‘TROF’, R stands for ____

A. Regulation
B. Risk Analysis
C. Robust
D. Reference
E. Receipt

National Payments Corporation of India (NPCI) launched the NPCI Tokenization system (NTS) to support
tokenization of RuPay cards to secure the financial data of cardholders. Under this system, NPCI will provide
Token Reference On File (TROF) service securing card details at the RuPay Network Secure vault

Q261. Which company recently (in Oct’21) got the approval from the RBI to finance ‘Infrastructure Projects’
through Infrastructure Investment Trusts (InvITs) instruments?

A. SIDBI Trustee Company Ltd

B. NABSanrakshan Trustee Pvt Ltd
C. India Infrastructure Finance Company Ltd
D. Mudra Bank
E. CDSL Ventures Ltd

Q262. Which of the following Statement(s) are Correct with respect to the draft directions for implementing
the ‘Basel III capital adequacy norms’ issued by RBI in October 2021?

A) Minimum capital ratio for Minimum Common Equity Tier 1 (CET1) is set to be 5.5% by July 1, 2022.

B) An AIFI’s investments in the capital instruments issued by banking, financial and insurance entities should
not exceed 25% of its capital funds.

C) The Basel Committee has issued 4 sets of regulations known as Basel-I, II, III and IV to improve the quality
of banking functioning.

A. Only A
B. Only B
C. Only C
D. Only A & B
E. Only B & C

RBI issued draft directions for implementing the Basel III capital adequacy norms for All India Financial
Institutions (AIFIs).

i. Following Minimum capital ratios are to be set by July 1, 2022.

• Minimum Common Equity Tier 1 (CET1)- 5.5%

• Capital conservation buffer (CCB)- 2.5%

• Minimum CET1+ CCB- 8%

• Minimum Tier 1 capital- 7%

• Minimum Total Capital- 9%

• Minimum Total Capital + CCB- 11.5%

ii. An AIFI’s investments in the capital instruments issued by banking, financial and insurance entities should
not exceed 10% of its capital funds.

iii. The Basel Committee has issued 3 sets of regulations known as Basel-I, II, and III to improve the quality of
banking supervision
Q263. In October 2021, ____________ became India’s 5th most valued company, while the top spot was
retained by ________________.

A. HDFC Bank; Hindustan Unilever Ltd

B. ICICI Bank; Reliance Industries Ltd
C. HDFC Bank; Reliance Industries Ltd
D. ICICI Bank; TCS
E. HDFC Bank; TCS

Q264. Who was recently (in Oct’21) appointed as the Chairman of the newly set up Rs 20,000 crore worth
‘National Bank for Financing Infrastructure and Development’ (NaBFID)?

A. N Narayana Murthy
B. Chanda Kochhar
C. K V Kamath
D. S. D. Shibulal
E. Vishal Sikka

Q265. In October 2021, ‘Pay U’ launched a unique tokenization solution service called ‘PayU Token Hub’,
which allows ___________, a process of collecting initial card data to store it and use it for recurring
payments.

A. File-Notes
B. Token-System-Protocol
C. Card-Portfolio
D. Portable Document Format
E. Card-On-File

Q266. In October 2021, Shaktikanta Das, the ________ Governor of RBI, got a _______ tenure extension from
the appointment Committee of the Cabinet (ACC).

A. 25th; 5-year
B. 24th; 5-year
C. 26th; 3-year
D. 25th; 3-year
E. 26th; 5-year

Q267. Identify the company that partnered with Lawrencedale Agro Processing India (LEAF) to launch the
digital platform “LEAF Farmer Network”

A. MasterCard
B. Bharat Pay
C. HSBC India
D. PayPal
E. Standard Chartered

Q268. Who is the present (as of Oct’ 21) Chairperson of ‘Pension Fund Regulatory and Development
Authority’ (PFRDA)?

A. Mahesh Kumar Sharma

B. M R Kumar
C. Subhash Chandra Khuntia
D. Supratim Bandyopadhyay
E. Vibha Padalkar
Q269. Which among the following best describe the concept of ‘Special Mention Accounts’ (SMAs)
introduced by the RBI?

A. NPA more than Rs. 500 crores

B. NPA more than Rs. 750 crores
C. Loans that have defaulted for a period of less than 90 Days
D. NPAs that have gone for restructuring
E. NPAs that have gone in Agriculture Sector

Q270. What is the minimum paid-up equity capital required to operate as a Small Finance Bank in India?

A. Rs 100 crores
B. Rs 200 crores
C. Rs 250 crores
D. Rs 500 crores
E. Rs 1000 crores

Q271. What is the per day Cash withdrawal limit in Micro ATMs?

A. Rs. 50,000
B. Rs. 10,000
C. Rs. 1 lakh
D. Rs. 25,000
E. Rs. 5,000

Micro ATM is a small, portable, card swiping device, through which one can withdraw, deposit or transfer
cash. At present, the per day cash withdrawal limit is set at Rs. 50,000 for Micro ATMs

Q272. As per Economic Survey, In FY 2020-21 India’s GDP contracted by _________.

A. 6.4%
B. 8.1%
C. 7.1%
D. 9.8%
E. 7.7%

Q273. What is the highest denomination of currency notes ever printed by the RBI?

A. 1,00,000
B. 2,000
C. 5,000
D. 10,000
E. 50,000

Q274. What is the current (as of Oct’21) Interest rate under the ‘National Savings Certificates’ (NSC) scheme?

A. 6.2%
B. 6.8%
C. 7.3%
D. 7.9%
E. 8.8%

Q275. What is the minimum Capital Adequacy Ratio (CAR) that needs to be maintained to retain Small
Finance Bank (SFB) Status as of October 2021?

A. 10%
B. 15%
C. 25%
D. 30%
Q276. What is the duration of RBI’s New Accounting Year?

A. January-December
B. July-June
C. April-March
D. October-September
E. August-July

After nearly eight decades, recently in 2020, RBI decided to change its accounting year from July-June to
AprilMarch

Q277. Who is the current (as of Oct’21) MD & CEO of ‘National Payments Corporation of India (NPCI)’?

A. Ritesh Shukla
B. Dilip Asbe
C. Subhash Chandra Khuntia
D. Supratim Bandyopadhyay
E. Nilesh Kumar Purey

Q278. Name the 1st Global Hackathon that was recently (in Nov’21) launched by RBI.

A. Smart India 2021- Digital Innovation

B. Harbinger 2021- Innovation for Transformation
C. Asean- India 2021- Safety Transformation
D. Manthan 2021- Education Innovation
E. HackerEarth 2021- Digital India

Q279. What are the points that are correct with respect to the RBI Retail Direct (RBI-RD) scheme & Reserve
Bank – Integrated Ombudsman Scheme (RB-IOS) launched by PM Narendra Modi (in Nov’21)?

A) RBI-RD scheme will act as a medium for small investors to digitally invest in government securities.

B) RB-IOS is formed by integrating 3 ombudsman Schemes – Banking Ombudsman Scheme (BOS) of 2006,
Ombudsman Scheme for Non-Banking Financial Companies (OS-NBFC), 2018 and Ombudsman Scheme for
Digital Transactions (OSDT), 2019

C) RB-IOS has newly included Non-Scheduled Primary Co-operative Banks with a deposit size of ₹50 crore
and above under the Ombudsman coverage.

A. All A, B & C
B. Only A
C. Only A & B
D. Only B & C
E. Only A & C

Q280. SEBI notified SEBI Mutual Funds (in Nov’21) to allow the launch of exchange traded funds (ETFs) on
‘_________’.

A. Gold
B. Platinum
C. Diamond
D. Bronze
E. Silver
Q281. Identify the points that are correctly related to the Current Account (CA) rules for bank exposures that
was recently (in Oct’21) revised by RBI.

A) RBI has issued “No restriction” on opening of CAs or on provision of CC/OD facility by banks for borrowers
with less than Rs 5 crore exposure

B) For Bank Exposure of Rs 5 Crore/more, the condition is that the bank has at least 10% of the exposure of
the banking system to that borrower.

C) Non-lending banks are not permitted to open CAs.

A. Only A & C
B. Only C
C. All A, B & C
D. Only B & C
E. Only A

Q282. What are the points that are correctly related to the Revised PCA framework issued by RBI (in Nov’21)?

A) PCA, introduced by RBI in 2002, is a framework under which banks with weak financial metrics are put
under RBI’s Watch list.

B) The Central Bank of India was the only bank that was remaining under PCA.

C) Capital, Asset Quality and Leverage will act as the key areas for listing under PCA, where each
parameter are set under 3 levels of Risk Thresholds

A. All A, B & C
B. Only B & C
C. Only A & C
D. Only A
E. Only C

Under the revised framework, Capital, Asset Quality and Leverage will act as the key areas for monitoring,
where Asset Quality indicator a Net Performing Advances Ratio with threshold 3 is greater than equal to 12%