Promotion Test 2023

10/14/2023
Promotion Test 2023 - MCQs on Latest

Developments in Banking and Finance
[During Last 12 months]
• Scale I to II, II to III And

• Scale III to IV and IV to V
Compiled by :
• Pradeep Kulkarni
• 7387777958
• [email protected]
MCQs are compiled from multiple resources and to the best of my

knowledge / information at hand, correct answers with explanation
wherever required is being provided.
This is purely a social endeavor and being shared with the pure and single
point objective to be helpful for promotion aspirants.
10/14/2023 Pradeep Kulkarni 7387777958
1
10/14/2023
MCQs
In case of delay in releasing of original movable / immovable

property documents or failing to file charge satisfaction form
with relevant registry beyond the prescribed period after full
repayment/ settlement of loan, the Regulated Entity shall
compensate the borrower at the rate of_______________
a. ₹5,00/- for each day of delay.
b. ₹1,000/- for each day of delay.
c. ₹5,000/- for each day of delay.
d. ₹50,000/- in lumpsum
c. ₹5,000/- for each day of
10/14/2023
delay. (After 30 days)
Pradeep Kulkarni 7387777958
MCQ
The PM Vishwakarma scheme will be initially implemented for.a

period up to_________
a. Five years up to 2027-28
b. Three years up to 2025-26
c. Ten years up to 2033-34
d. None of these
a. Five years up to 2027-28 (outlay 13000 cr) (Rs.500/-

day), 3 lacs in two tranches, (1 -18 M and 2 – 30 M) 5%
& 8%
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PM Vishwakarma scheme
• Ministry of Micro Small and Medium Enterprises – Rs.13000 cr layout
• Launched the 'PM Vishwakarma' scheme on the occasion of 'Vishwakarma Jayanti’,
Traditional craftsmen and artisans (including weavers, goldsmiths, blacksmiths,
laundry workers, and barbers) will be provided loan assistance at a minimal interest
rate without collateral.
• Loan upto Rs.1.00 lac ( First Tranche – 18 months Repayment ) and Rs. 2.00 lac
(Second Tranche for 30 months Repayment) @ 5%pa ROI ( Int subvention cap of
8%) , The credit guarantee fees will be borne by the central government.
• The scheme also entails benefits such as recognition as a Vishwakarma through a
certificate and ID card and skill verification followed by 5-7 days (40 hours) of basic
training. Interested candidates can also enrol for 15 days (120 hours) of advanced
training and a stipend of Rs 500 per day will be provided.
• Besides, a Rs 15,000 grant will be provided as a toolkit incentive and an incentive for
digital10/14/2023
transaction of Rs 1 per transaction for up to 100 transactions monthly.
MCQs
• Which of the following in incorrect regarding cyber attack
a) Phishing : Fraudsters acts as a trustworthy to get sensitive data using
electronic communications like e-mail, SMS, voice message etc.
b) Spear phishing : Targeted at all employees in an organization,
c) Whaling : Aimed at top management (CEO,CFO,CTO)
d) RAM Scrappers :Malware is inserted to capture data from RAM. E.g. POS
attack.
e) None of the above
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e) None of the above
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MCQs
Payment and Settlement Act 2007 which section deals with dishonor of
electronic transfer of funds?
a) Sec 131
b) Sec 138
c) Sec 6
d) Sec 25 (Ans. D) Section 25)
when an electronic transfer of funds cannot be executed
due to insufficient funds or if the amount to be executed
exceeds the credit limit of the payer, then the payer is
liable to be either imprisoned for 2 years or fined an
amount which is twice the amount of the electronic funds'
transfer or both.
Payments & Settlement System Act 2007 ( PSS Act 2007)
August 12, 2008

Extends to whole of India
PSS Act provides for regulation & supervision of Payment systems in India.
RBI is the authority in dealing with all the matters related
RBI authorised to constitute a Committee of its Central Board -
i) Board for Regulation & Supervision of Payment & Settlement
Systems regulation, 2008 (BPSS)
ii) Payment & Settlement systems Regulations 2008
❖ BPSS is a committee of the Central Board of Directors of RBI.
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Payments & Settlement System Act 2007 ( PSS Act 2007) – Important Aspects
▪ Adjudication of the disputes : done by RBI

▪ If RBI is a party to the dispute, Central Government will be referred for
adjudication
▪ Dishonour of Electronic Fund Transfer due to insufficiency of funds is an
offence liable for punishment by way of imprisonment up to 2 years or with fine
of up to twice the amount or both
▪ Penalty/punitive action: RBI can initiate criminal action or impose fine in cases of
operating payment system without authorization, failure to adhere to terms &
conditions of authorisation, failure to submit returns etc. & for submitting false
information etc.
▪ Netting & Settlement finality. Settlement will be final as soon as the
money/securities/FEX payable as a result of such transactions are determined.
Payments & Settlement System Act 2007 ( PSS Act 2007) – Important
Aspects
▪ Electronic Payment System
▪ Centralised Payment System (CPS), includes
RTGS, NEFT & National Electronic Clearing Service
▪ Decentralised Payment System (DPS), includes
clearing houses at MICR centres (CTS) & Electronic
Clearing Service (ECS) The Payments Regulatory
Board, having:-
i) RBI Governor as the
▪ Payment system means a system that enables Chairperson
payment to be affected between a payer and a ii) RBI Deputy Governor in
beneficiary, involving clearing, payment or settlement charge of PSS as member
iii) An officer of RBI nominated
service, but does not include a stock exchange. by Central Government as
member &
▪ Payment system includes the systems enabling iv) 3 persons nominated by
credit card/debit card/smart card operations & Central Government as
members.
money transfer operations
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MCQs
Which authority is CAPIO and under which provisions?
a) Central Assistant Public Information Officer and Right to Information
Act
b) Common Assistant by Public Information Office under Right to
Information Act
c) Chief Advisor under Public Interest Officer under Public Interest and
Utility
a) Central Assistant Public Information
d) None of these
Officer and Right to Information Act
State Government designate Central Assistant Public
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Information Officers (CAPIO) at the sub-divisional or sub-
district level.
MCQs
RBI had recently migrated fraud reporting module under Central Payments
Fraud Information Registry (CPFIR) to ______
a. FETERS
b. DAKSH
c. Samarth
d. ENQUIRE
b. DAKSH
DAKSH – Reserve Bank’s Advanced Supervisory
Monitoring System.
Banks, Credit Card issuing NBFCs and Non-Bank PPIs
w.e.f. 01.01.2023
Reporting within 7 Calendar Days
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PM-Daksh Yojana
• Department of Social Justice and Empowerment on 07.08.2021
• Modified the existing Scheme of Assistance to skilling for OBCs/EBCs/DNTs with inclusion
of SCs and Safai karamcharis including Waste pickers and renamed it as PM-DAKSH Yojana
as Central Sector Scheme.
• Implemented through three Public Sector Undertakings (PSUs), of the Ministry, i.e. National
Scheduled Castes Finance and Development Corporation (NSFDC), National Backward
Classes Finance & Development Corporation (NBCFDC) and National Safai Karamcharis
Finance & Development Corporation (NSKFDC)
• Free of Cost Training – PMKVY
• Stipend @ Rs. 1500 per month for SC and Safai Karamchari candidates and @ Rs. 1000 per
month for OBC, EBC and DNT candidates in case of non- residential short term and long
term training.
• For upskilling training programme, as the trainees are already employed, they will be paid
@Rs.2,500/- per person per programme
MCQs
A person having ownership of more than ______% of the capital or

profits of a partnership will be brought within the ambit of the sub-
rule 3 as a ‗beneficial owner‘.
a. 15%
b. 10%
c. 20%
d. 25%
b. 10%
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MCQs
As per RBI guidelines, banks to disclose all the items in notes to account in
their balance sheet and financial statements, under Schedule 5 (IV)- Other
Liabilities and Provisions if other liabilities and provisions exceeds ______% of
total assets.
a. 5%
b. 1%
c. 2%
d. 10%
b. 1%
DISCLOSURES IN FINANCIAL STATEMENTS

•1. Regulatory capital.
•2. Asset Liability management.
•3. Investments.
•4. Asset quality.
•5. Exposures.
•6. Concentration of deposits and advances.
•7. Derivatives.
•8. Disclosures relating to securitization.
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DISCLOSURES IN FINANCIAL STATEMENTS

9. Off balance sheet SPVs sponsored (which are required to be consolidated as per accounting norms)
•10. Transfers to Depositor Education and Awareness Fund (DEA Fund)
•11. Disclosure of complaints
•12. Disclosure of penalties imposed by the Reserve Bank of India
•13. Disclosures on remuneration
•14.Other Disclosures
•Business ratios.
•Bancassurance business.
•Marketing and distribution.
•Disclosure regarding PSLC.
•Provisions and Contingencies.
•Implementation of IFRS.
•Payment of DICGCinsurance premium.
•Disclosure of facilities granted to directors and their relatives.
•Disclosure on amortisation of expenditure on account of enhancement in family pension of employees of
banks
MCQs
4. RBI has recently insisted financial institutions to implement a system to report

cases admitted with National Company Law Tribunal (NCLT)/National Company
Law Appellate Tribunal (NCLAT) under the Insolvency and Bankruptcy Code, 2016
under suit filed cases to Credit Information companies latest by?
a. February 28, 2023.
b. March 31, 2023.
c. December 31,2022
d. December 31,2023
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MCQs
Banks to restore HTM (Held to Maturity) limits of SLR securities from permitted
23 percent to 19.5 percent latest by ?
a. March 31, 2025
b. December 31, 2025
c. December 31, 2024
d. September 30, 2024
a. March 31, 2025

Investments Classification
• Reserve Bank of India - revised norms for the classification, valuation and operation of
investment portfolios of commercial banks. September 12, 2022. Applicable to CBs
excluding RRBs
• Banks will have to classify their investments – [except investments in their own
subsidiaries, joint ventures and associates]
• Three categories from the 01.04.2023:
• Available for sale (AFS), [marked to market at quarterly or at more frequent intervals].
• Held to maturity (HTM) [HTM need not be marked to market and will be carried at
acquisition cost, unless it is more than the face value] and
• a new category called fair value through profit and loss, or FVTPL
• The securities held in FVTPL shall be fair valued and the net gain or loss arising on
such valuation shall be directly credited or debited to the Profit and Loss Account.
• Securities that are classified under the HFT sub-category within FVTPL shall be fair
valued on a daily basis, whereas other securities in FVTPL shall be fair valued at least on a
quarterly, if not on a more frequent basis.
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MCQs
The Education Loan interest subsidy scheme for minority

communities, which was discontinued recently with effect
from 2022-23 is?
a. Dr Ambedkar central sector scheme on interest subsidy.
b. Padho Pardesh
c. Central Sector Scheme on Education Loans
d. Edu Secure b. Padho Pardesh
Loans to individuals for educational purposes, including vocational courses, not exceeding ₹ 20 lakh – PSL
Currently classified as priority sector will continue till maturity.
CENTRAL SECTOR INTEREST SUBSIDY - PRADHAN MANTRI UCHCHATAR SHIKSHA PROTSAHAN
(PM-USP) YOJANA : Full interest subsidy during the moratorium period on loan ( max Rs.10 lacs) availed
under Model Education Loan Scheme of Indian
10/14/2023
Banks’ Association (IBA) : Gross family/Parental income
upto Rs.4.50 lacs pa
MCQs
Minimum Networth of Rs. _________ & __________for Tier 1 UCBs
operating in a single district and other UCBs (Irrespective of the Tier )
respectively.
a. Rs. 2 crore and Rs. 10 crore
b. Rs. 2 crore and Rs. 5 crore
c. Rs. 2 crore and Rs. 7.5 crore
d. Rs. 5 crore and Rs. 10 crore

Tier 1 UCBs and Tier 2 to 4 UCBs shall maintain minimum CRAR – 9% and 12 %
I. Tier 1- All unit UCBs and salary earners’ UCBs (irrespective of deposit size), and all other
UCBs having deposits up to ₹100 crore.
II. Tier 2- UCBs with deposits more than ₹100 crore and up to ₹1000 crore.
III. Tier 3- UCBs with deposits more than ₹1000 crore and up to ₹10,000 crore
IV. Tier 4- UCBs with deposits more than ₹10,000 crore
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• A Bank is planning to adopt a novel way to ensure

timely repayments, especially by its retail borrowers,
by greeting those likely to default on monthly
installments with a pack of chocolates?
a. HDFC Bank
b. PNB
c. Bank of Baroda
d. SBI
d. SBI
MCQs
What is the maximum ceiling on Housing loans sanctioned

by Tier 1 & Tier 2-4 UCBs respectively as per the revised RBI
guidelines ?
a. Rs. 60 lakh for Tier 1 UCBs & Rs. 140 lakh for Tier 2-4 UCBs
b. Rs. 60 lakh for Tier 1 UCBs & Rs. 100 lakh for Tier 2-4 UCBs
c. Rs. 100 lakh for Tier 1 UCBs & Rs. 140 lakh for Tier 2-4 UCBs
d. Rs. 60 lakh for Tier 1 UCBs & Rs. 75 lakh for Tier 2-4 UCBs
a. Rs. 60 lakh for Tier 1 UCBs & Rs. 140

10/14/2023 lakhPradeep
for Kulkarni
Tier7387777958
2-4 UCBs
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MCQs
The Bank which is authorized to issue

and encash Electoral Bonds in India is?
a. Union Bank of India
b. State Bank of India
Issued in multiples of Rs 1,000, Rs
c. IDBI Bank 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1
crore —
d. All the above Need to Redeem within 15 days, elst PM
relief fund
A total of 22,641 Electoral Bonds worth
Rs 12,979.0977 cr
b. State Bank of India
MCQs
Market hours of Call/notice/term money market specified

by RBI with effect from December 12, 2022 is?
a. 10:00 AM to 5:30 PM
b. 9:00 AM to 5:00 PM
c. 9:00 AM to 3:00 PM
d. 10:30 AM to 2:30 PM
b. 9:00 AM to 5:00 PM
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MCQs
The theme of Indian presidency under G20 forum

is?
a. One earth, One Future
b. One Future, One Goal
c. One Earth, One Family, One Future
d. One world, One family
e. Vasudhaiv Kutumbam
10/14/2023
c.Pradeep
One Earth, One Family, One Future
Kulkarni 7387777958
MCQs
Banks can issue Standby Letters of Credit (SBLC) / Guarantees, for a
maximum period of ________, on behalf of their clients in lieu of
making a remittance of margin money for commodity hedging
transactions entered into by their customers.
a. 6 months
b. 18 months
c. 12 months
d. Banks can decide c. 12 months
Banks can offer structured hedging products for
commodities to eligible unlisted entities whose net
worth is higher than Rs.200 Cr
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MCQs
FIT (Financial, Income, and Trade) Rank, a default
probability predictive ranking scale for MSMEs has
been recently launched by _________in association
with Online PSB Loans and SIDBI.
a. Experian
b. CRISIL
c. CIBIL
d. SMERA
e. Joint Venture of all CICs
10/14/2023
c. CIBIL
MCQs
Bank loans for affordable housing projects using at least _______% of

FAR/FSI for dwelling units with carpet area of not more than 60 sq.m shall
be classified under Priority Sector Lending?
a) 20
b) 10
c) 30
d) 50
d) 50 (Floor Space Index

10/14/2023
(FSI) /Floor Area Ratio (FAR)
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10/14/2023
MCQs
• Bank loans to HFCs (approved by NHB for their refinance) for on-lending,
up to ₹_________ for individual borrowers, for purchase/construction/
reconstruction of individual dwelling units or for slum clearance and
rehabilitation of slum dwellers shall be classified under Priority Sector
Lending
a) Rs.10 lacs
b) Rs.5 lacs
c) Rs.20 lacs
d) Rs.30 lacs
10/14/2023 c) Rs.20 lacs

MCQs
RBI’s medium-term Strategy Framework -‘Utkarsh

2.0’ for the period of ?
•Excellence in performance of its functions;
a. 2023-27 •Strengthened trust of citizens and Institutions in the RBI;
•Enhanced relevance and significance in national and
b. 2022-23 global roles;
•Transparent, accountable and ethics-driven internal
c. 2023-25 governance;
•Best-in-class and environment-friendly digital and
d. 2023-30 physical infrastructure; and
•Innovative, dynamic and skilled human resources.
c. 2023-25- its implementation and progress through a

Sub-committee of its Central Board.
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MCQs
As per the budgetary announcement, minimum support price for

crops fixed by the government should not fall below ________times
the cost of production.
a. 1.5
b. 1.25
c. 1.4
d. 2.0
a. 1.5
MCQs
A Person is considered “major shareholder‟ in a banking company if his

“aggregate holding” exceeds ________ per cent or more of the paid-up share
capital or voting rights.
a. 10%
b. 2%
c. 5%
d. 15%
10/14/2023 Pradeep Kulkarni 7387777958 c. 5%
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10/14/2023
MCQs
Bank loans up to a limit of ₹_________ to borrowers for purposes like solar
based power generators, biomass-based power generators, wind mills,
micro-hydel plants and for non-conventional energy based public utilities,
viz., street lighting systems and remote village electrification etc., will be
eligible for Priority Sector classification
a) Rs.20 Cr
b) Rs.15 Cr
c) Rs.30 Cr
d) Rs.10 Cr

c) Rs.30 Cr
MCQs
The maximum shareholding or voting rights a natural person, nonfinancial
institutions, financial institutions directly or indirectly connected with Large
Industrial Houses and financial institutions permitted to hold in a banking
company is………………?
a. 10%
b. 2%
c. 5%
d. 15%
a. 10%
financial institutions, supranational institutions,
public sector undertaking and central/state
government 15%
promoter of a banking company can hold a
maximum of 26% ( after completion of 15 years
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MCQs
A small company is the one, which has maximum paid up capital of Rs.
______-and turnover of Rs.________.
a. Rs. 2 crore and Rs. 20 crore
c. Rs. 10 crore and Rs. 100 crore
d. Rs. 5 crore and Rs. 50 crore

[rule 2(1)( t) of Companies (Specification of Definition Details Rule 2014)
And
Dormant Company
Section 455 of Companies Act, 2013 read with Rule 3 to 8 of Companies (Miscellaneous)
Rules, 2014 under Chapter XXIX
Has no any significant accounting transaction, Apply for and avail certain exemptions from
Mandatory Compliances.
MCQs
If there is only a change in address during re KYC process,
customer can provide a self declaration confirming the same and
the same need to be verified by the bank within a maximum period
of ?
a. 1 year
b. 6 months
c. 3 months
d. 2 months
10/14/2023 Pradeep Kulkarni 7387777958 d. 2 months
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MCQs
Waiver of legal action under CGTMSE cases has been increased
to?
a. Rs. 75,000/-
b. Rs. 1,00,000/-
c. Rs. 5,00,000/-
d. Rs. 10,00,000/-
d. Rs. 10,00,000/-
CGTMSE
• Credit Guarantee Scheme for Banks [CGS-I]
• Credit Guarantee Fund Trust for Miicro and Small Enterprises:
• Fund and non-fund based (Letters of Credit, Bank Guarantee etc.) credit facilities up to Rs
200 lakh ( now increased to Rs.500 lacs] per eligible borrower are covered under the
guarantee scheme provided they are extended on the project viability without collateral
security or third party guarantee.
• Credit Guarantee Scheme for NBFC [CGS-II]

• Sub-Debt Scheme
• Credit Guarantee Scheme for Co-lending [CGSCL]
• PM-SVANidhi - a Central Sector Scheme to facilitate street vendors Rs.10,000
• Second Tranche : Rs.20,000 and Third Tranche : Rs.50,000
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Annual Guarantee Fee
Slab Standard Rate (pa)*

*Above 2-5 crore 1.35 AGF will be charged
0-10 lakh 0.37
on the guaranteed amount for the first
Above 10-50 lakh 0.55 year and on the outstanding amount for
Above 50-1 crore 0.60 the remaining tenure of the credit facility.
The standard rate is across all activity
Above 1-2 crore 1.20 including trading activity.
Above 2-5 crore 1.35
Concession
• Women /SC ST, / Person with disability – 10%
• NER/Hill areas, Himalyan areas, Aspirational Dists [ upto Rs.50 lacs ] – 10%
• ZED certified – 10%
MCQs
Latest list of Domestic Systematically Important Banks (D-SIBs) released by
RBI, Includes SBI alongwith …….and …………..These banks have to bring
_______% and _______% of Additional Common Equity Tier 1 requirement
as a percentage of Risk Weighted Assets (RWAs).
a. 0.4% & 0.20%
b. 0.6% & 0.20%
c. 1.00% & 0.60%
d. 0.80% & 0.60%
10/14/2023 Pradeep Kulkarni 7387777958 b. 0.6% & 0.20%
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MCQs
The tenure of first issue of Soverign Green

bonds issued by the Government for
mobilising funds for Green infrastructure is?
a. 5 years
b. 5 Years and 10 years
c. 7 years
d. 7 Years and 20 years
b. 5 Years and 10 years
Reserved for retail investors : 5%.. Non competitive
bidding
Union Budget 2022-23
Jan 25 and Feb 09 2023 – 8000 Cr + 8000 Cr
SGrBs will be reckoned as eligible investment for
SLR purpose.
MCQs
KVIC has recently decided to consider PMEGP units engaged in activities of
“Animal Husbandry‟ under the “services sector” with the maximum project
cost eligible for subsidy under the scheme shall be limited to _____-
a. Rs. 100 lakh
b. Rs. 20 lakh for 1st Loan only
c. Rs. 50 lakh for 1st Loan only
d. None of the above
b. Rs. 20 lakh for 1st Loan only

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PMEGP - Prime Minister's Employment Generation Programme

• 18+ Years of Age, No Income Ceiling,
• For setting up of New Micro Enterprise or 2nd Loan for upgradation
{Mudra/PMEGP/REGP}
• Margin Money Subsidy :
• Gen Category : Subsidy 15% ( Urban ) 25% ( Rural) and
• Margin Money contribution 10%
• Loan Component : 75% or 65% of Project cost.
• Special Category : Subsidy 25% (urban) 35% (Rural)

• Margin Money Contribution 5% -
• Loan Component 70% or 60% of Project Cost
• Maximum Project Cost : Mfg Sector – Rs.50.00 lacs and

• Service Sector – Rs.20 lacs
• Maximum Project Cost – for Margin Money Subsidy grant purpose
• Project cost exceeds, bank may approve the funding without additional subsidy
PMEGP - Prime Minister's Employment Generation Programme

• 2nd Loan for upgration : PMEG/REGP /MUDRA
• Beneficiary Contribution : 10%
• Margin Money Subsidy : 15% and 20% (NER and Hill States)
• Rs. 15.00 lacs and 20.00 Lacs
• Project Cost – Manufacturing - Rs.10 Cr. Business or Service Sector : Rs.25 lacs ( Subsidy
Rs.3.75 lacs and Rs.5.00 lacs ( NER and Hill states)
• No Collateral for projects upto Rs.10 lacs loan facility
• CGTMSE – Guarantee Cover for Projects with Project cost more than Rs.5 lacs and upto Rs.25
lacs
• Backward and Forward Linkages:

• Workshops, Exhibitions, Bankers meetings, Publicity, Entrepreneurship Development
Programme (EDP) training, Physical verification & Geo-tagging, Evaluation &lmpact
Assessment study, Entrepreneurship Facilitation Centre (EFC), Creation and Upgradation of IT
infrastructure, Awards, Call Centre facility,
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MCQs
RBI has recently instructed banks to complete the process of
execution of revised locker agreement before ____________
a. December 31, 2023
b. March 31,2024
c. December 31, 2024 a. December 31, 2023
d. June 30, 2023 Model agreements reviewed by the Indian Banks'
Association (IBA).
compensation policy or liability of banks in certain
scenarios such as fire, theft or burglary
Banks are liable to pay compensation of 100 times the
prevailing annual locker rent wherever the customer
faces a loss due to the negligence of banks.
Banks not liable - natural calamities or acts of God
such as earthquakes or floods
MCQs
Number of credit rating agencies approved by RBI for considering the
credit rating for risk weighing the assets for capital adequacy
purposes?
a. 10
b. 4
c. 6
d. 7 c. 6
a.Acuite Ratings & Research Limited (Acuite)
b.Credit Analysis and Research Limited (CARE);
c.CRISIL Ratings Limited;
d.ICRA Limited;
e.India Ratings and Research Private Limited (India
Ratings); and
f.INFOMERICS Valuation and Rating Pvt Ltd.
(INFOMERICS)
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10/14/2023
MCQs
RBI has recently insisted financial institutions to implement a system to
report cases admitted with National Company Law Tribunal
(NCLT)/National Company Law Appellate Tribunal (NCLAT) under the
Insolvency and Bankruptcy Code, 2016 under suit filed cases to Credit
Information companies latest by?
b. March 31, 2023.
c. December 31,2022
d. December 31,2023
a. February 28, 2023

MCQs
.Name of Single Window National

Logistic Portal released by
Government of India recently is?
a. EQUIP
b. TEZ
c. Marine
d. LOGIST
10/14/2023 Pradeep Kulkarni 7387777958 c. Marine
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10/14/2023
MCQs
Government of India has released common reforms agenda

under Enhanced Access and Service Excellence (EASE) reforms
for Public Sector Banks. Which of the following is the
implementation agency of the programme?
a. RBI
b. FEDAI
c. BCSBI
d. IBA
d. IBA
MCQs
Centralised Receipt and Processing Center (CRPC) for

complaints under …………….and it is established at?
a. RBI-IOS and Chandigarh
b. RBI –IOS and Bangalore
c. COPRA - Lucknow
d. CMS –RBI Gurgaon
a. RBI-IOS and Chandigarh
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10/14/2023
MCQs
• The segment of banking on which highest number of ombudsman
complaints received during financial year 2021-22 is?
• a. digital modes of payment and transactions
• b. Loan related frauds
• c. Customer service
• d. Senior citizen issues
a. digital modes of payment and transactions

MCQs
RBI has restricted which of the following foreign bank
from carrying out all the transactions under Liberalised
Remittance Scheme (Except ATM/POS based
transactions)?
a. HSBC Bank
b. Standard Chartered Bank
c. American Express Bank
d. SBM Bank (India) Ltd
•
d. SBM Bank (India) Ltd

Maritus Based bank
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10/14/2023
MCQs
PayNow is the fast payment system of which of the following
country?
a. UK
b. USA
c. Singapore
d. Saudi Arabia c. Singapore -PayNow is a near-instant real-
time payment system developed by
Association of Banks in Singapore.
An Indian customer can transfer upto
Rs.60000/ per day to Singapore (Through
Mobile /Internet Banking Permitted Banks )
MCQs
Eligible Entities can receive foreign contributions into their account
maintained with New Delhi main branch of SBI through?
a. RTGS
b. NEFT
c. SWIFT
d. Any of the above
e. Only (a) & (b)
10/14/2023 Pradeep Kulkarni 7387777958 d. Any of the above
28
10/14/2023
MCQs
Who among the following is a permitted
participant under Trade Receivables
Discounting System (TReDS) ?
I. Financiers
II. MSME suppliers
III. Buyers
IV. Insurance companies
a. I, II & III only
b. I, III & IV only
c. I, II, III & IV
d. II,III & IV only
10/14/2023 c. I, II,
Pradeep Kulkarni III & IV
7387777958
MCQs
Issuance of prepaid payment instruments linked to __________to

foreign nationals and NRIs visiting India.
a. NEFT
b. RTGS
c. UPI
d. IMPS
c. UPI
29
10/14/2023
MCQs
ChatGPT is an artificial
Intelligence based Chatbot recently
developed by which of the
following company?
a. Google
b. Microsoft
c. Wipro
d. IBM
10/14/2023
b. Microsoft
MCQs
In new personal income tax regime,
number of tax slabs will get reduced to….
During budget 2023-24 ?
a. 5
b. 4
c. 6
d. 7
10/14/2023 a. 5 Pradeep Kulkarni 7387777958
30
10/14/2023
MCQs
Under Union Budget 2023-24, threshold limit
for co-operatives to withdraw cash without
TDS has been enhanced to? •A 2% TDS -deducted on cash
a. Rs. 5 crore withdrawals exceeding Rs 1 cr when the
individual withdrawing the cash would
b. Rs. 3 crore furnish the income tax returns and
c. Rs. 2 crore •For the people who do not have
furnished the income tax returns, the
d. Rs. 10 crore same would be 2% on withdrawing the
cash exceeding Rs 20 lakh and 5% on
those having more than Rs 1 cr.
10/14/2023 Pradeep Kulkarni

b. Rs.7387777958
3 crore
MCQs
Urban Infrastructure Development Fund (UIDF) through use of
priority Sector Lending shortfall, which will be managed by?
a. RBI
b. NAbFID
c. SIDBI
d. NHB
10/14/2023
d. NHB
31
10/14/2023
MCQs
Maximum deposit limit for Senior Citizen Savings Scheme from Rs.
15 lakh to?
a. Rs. 20 lakh
b. Rs. 25 lakh
c. Rs. 30 lakh
d. Rs. 18 lakh
c. Rs. 30 lakh
MCQs
Name of the second global hackathon being organized by RBI in

2023 is?
c. HARBINGER 2023
a. Hackathon 2023 Innovation for Transformation” with the theme ‘Inclusive
b. SAFE 2023 Digital Services’.
problem statements:
c. HARBINGER 2023 i.Innovative, easy-to-use, digital banking services for
d. HACKOCOM 2023 differently abled (Divyaang).
ii.RegTech solutions to facilitate more efficient compliance
by Regulated Entities (REs).
iii.Exploring use cases/solutions for CBDC-Retail
transactions, including transactions in offline mode.
iv.Increasing Transactions Per Second (TPS)/ throughput
and scalability of blockchains.
32
10/14/2023
MCQs
Theme for the financial awareness week being conducted by RBI for the
year 2023 (Between Feb 13-17 2023) is?
a. Go finance, Go digital
b. Transact Safe
c. Digital Banking, Safe Banking
d. Good Financial Behaviour - Your Saviour
10/14/2023 d. Good Financial

PradeepBehaviour - Your Saviour
Kulkarni 7387777958
MCQs
Which of the following institution has recently
received approval from SEBI for setting up of
Social Stock exchange in India?
a. BSE
b. NSE
c. Reliance capital SSEs are trading platforms that allow social businesses
d. Ahmadabad Stock exchange and non-profits to raise capital by attracting ethical
investors willing to invest in organisations that have a
dual corporate and social mission.
April 2023, the Indian SSE was set up in both the National
Stock Exchange (NSE) and the BSE
b. NSE
33
10/14/2023
MCQs
As per the latest fiscal policy rate Policy Repo Rate : 6.50%
for marginal standing facility (MSF) Standing Deposit

: 6.25%
has been increased to? Facility Rate
a. 6.5%
Marginal Standing
b. 6.75% Facility Rate
: 6.75%
c. 6.00% Bank Rate : 6.75%

d. 6.25%
Fixed Reverse Repo
: 3.35%
Rate
CRR : 4.50%
b. 6.75% SLR : 18.00%
MCQs
Who among the following has been recently appointed as CEO of

NITI Aayog?
a. Mr. Sudesh Sinha
b. Mr. BVR Subrahmanyam
c. Mr. Narayan Iyer
d. Mr. Parameshwaran Iyer
10/14/2023 b. Mr. BVR Subrahmanyam

34
10/14/2023
MCQs
Which of the following foreign bank has been recently

removed by RBI from the list of Scheduled banks and
banking company?
a. HSBC Bank
b. State bank of Mauritius
c. Standard Chartered Bank
d. Abu Dhabi Commercial Bank PJSC (ADCB)
10/14/2023 d. Abu Dhabi Pradeep

Commercial Bank PJSC (ADCB)
Kulkarni 7387777958
MCQs
The government has scrapped the long-term capital gains treatment
(with indexation benefits) for income from debt mutual funds and
other schemes that invest upto _________ in equity shares of domestic
companies.
a. 35%
b. 50%
c. 25%
d. 20%
10/14/2023 a. 35%
35
10/14/2023
MCQs
The maximum percentage of commission can be paid by the

insurance companies to their intermediaries for the insurance
products sold by them as per IRDAIs stipulations is?
a. 15%
b. 5%
c. 20%
d. Insurance companies can decide
10/14/2023
d. Insurance companies can decide
MCQs
For the wallet transactions carried out through UPI, _________ per
cent interchange fee has been introduced by NPCI on merchants
(Not applicable to customers) for P2M transaction above Rs _______
a. 1% & Rs. 5000
b. 1.5% & Rs. 2000
c. 1.1% & Rs. 2000
d. 1.25% & Rs. 2000
10/14/2023 c. 1.1%
Pradeep & Rs.
Kulkarni 2000
7387777958
36
10/14/2023
MCQs
TDS has been introduced at the rate of _______% from

winnings from online games if the amount of winning
exceeds Rs. 10,000/-.
a. 25%
b. 30%
c. 15%
d. 20%
b. 30%
RBI has recently signed MOU with central bank of which

of the following country to enhance cooperation and
jointly enable innovation mainly in Central Bank Digital
Currency (CBDC)?
a. France
b. UAE
c. Germany
d. USA
b. UAE
37
10/14/2023
Central Bank Digital Currency
• A legal tender that is issued by central bank in digital form. It

holds the same value/worth as the prevailing fiat currency in
the market and is exchangeable in the same ways as physical
currency.
• CBDC a regulated. Hence, wealth and money ownership will be
transferred or passed on without any complications with a
simplified implementation of all monetary and fiscal policies.
• Wholesale on 01.10.2022 and Retail 01.12.2022
• Unlike Cryptocurrencies, CBDCs are not decentralized
• CBDCs are not being used a network of a distributed ledger like
blockchain and issuance is controlled, monitored, regulated and
implemented by Central Bank – RBI in India.
What are Digital Banking Units (DBUs)?

• A Digital Banking Units is a specialised fixed point
business unit or hub, housing a certain minimum digital
infrastructure for delivering digital banking products and
services.
• They will also service existing financial products and
services digitally in self-service mode at any time.
• Who will set up these Digital Banking Units in India?

Commercial banks (other than regional rural banks, payment
banks and local area banks) with past digital banking
experience are permitted to open Digital Banking Units
DBUs in tier 1 to tier 6 centres, unless otherwise specifically
restricted, without having the need to take permission from
the RBI in each case.
38
10/14/2023
MCQs
Establishment of a Greenfield Data Centre’ and ‘Enterprise
Computing & Cyber security Training Institute” has been made
by………….. And it will be at…………………..?
a. DAAC, at Bangalore
b. National Data Center at Lucknow
c. Reserve Bank of India at Chennai
d. Reserve Bank of india, Bhubaneshwar
d. Reserve Bank of India,

10/14/2023 Bhubaneshwar
MCQs
Ministry of Agriculture has recently launched, national Crop
Insurance Portal’s digitized claim settlement module in the name of
_______which is under the ambit of Pradhan Mantri Fasal Bima
Yojana (PMFBY).
a. Cropclaim
b. Claim
c. DigiClaim
d. DigiAmbit
10/14/2023 c. DigiClaim
39
10/14/2023
MCQs
………………………has been appointed as the chairperson of an

expert committee constituted by the International Financial
Services Centres Authority (IFSCA) to formulate a roadmap to
onshore the Indian innovation to GIFT IFSC?
a. Shri. N S Vishwanathan
b. Shri. Vikram Berry
c. Shri G. Padmanabhan
d. Shri. Suman Roy
10/14/2023 c. Shri
PradeepG. Padmanabhan
Kulkarni 7387777958
Which of the following is not a pillar for

NEW FTP-2023?
a. Incentive to Remission & Export promotion
through collaboration - Exporters, States,
Districts, Indian Missions
b. Ease of doing business, reduction in
transaction cost and e-initiatives
c. Emerging Areas – E-Commerce Developing
Districts as Export Hubs and streamlining
SCOMET (Special Chemicals, Organisms,
Materials, Equipment and Technologies) policy.
d. None of the above
10/14/2023 d. None
Pradeep Kulkarniof the above
7387777958
40
10/14/2023
MCQs
In terms of FTP 2023 which one is
Not one of the Towns of Export
Excellence (TEE)?
a. Faridabad
b. Mirzapur,
c. Moradabad
d. Ranchi
e. Varanasi
d. Ranchi
MCQs
Consignment wise cap on E-Commerce exports through courier has

been raised from ₹5Lakh to _______?
a. ₹10 Lakh
b. ₹8 Lakh
c. ₹6 Lakh.
d. ₹15 Lakh.
10/14/2023
a. ₹10 Lakh
41
10/14/2023
MCQs
June 1, 2023.
Green Finance ecosystem
Banks in India can accept green Banks promise to earmark the money that
they receive as green deposits towards
deposits denominated in…………….? environment-friendly projects
a. INR only Scheduled Commercial
Banks, including Small Finance Banks,
b. INR & USD only excluding Regional Rural Banks, Local
c. Any freely convertible foreign Area Banks and Payments Banks and
all deposit-taking Non- Banking
currencies Financial Companies (NBFCs),
d. INR & any freely convertible foreign including Housing Finance Companies
currencies
10/14/2023 a. INR
Pradeep only
Kulkarni 7387777958
MCQs
As per the RBI’s framework on acceptance of green deposits, the
allocation of funds raised through green deposits by REs during a
financial year shall be subject to an independent third-Party
Verification/Assurance which shall be done at the frequency of ?
a. Once in 5 years
b. Once in a year
c. Once in half year
d. Once in 3 years
10/14/2023 Pradeep Kulkarni 7387777958 b. Once in a year
42
10/14/2023
MCQs
Investment permissible in National Savings scheme at individual

and joint capacity from the financial year 2023-24 is?
a. Rs. 4.5 lakh, Rs. 9 lakh
b. Rs. 9 lakh, Rs. 20 lakh
c. Rs. 9 lakh, Rs. 15 lakh
d. Rs. 10 lakh, Rs. 20 lakh
10/14/2023 c. Rs.
Pradeep 9 lakh,
Kulkarni Rs. 15
7387777958 lakh
MCQs
Name of the web application recently developed by RBI to receive
applications for licensing AD Categoty II forex dealers, FFMCs and
MTSS agents is?
a. AD connect
b. AP connect
c. FOREX
d. AD FOREX
10/14/2023
b. AP connect
43
10/14/2023
MCQs
Amount of incentive paid by RBI ……………per bag of coin
distribution to the bank branches which are located at
rural and semi urban areas?
a. Rs. 50 per bag
b. Rs. 65 per bag
c. Rs. 75 per bag
d. Rs. 70 per bag c. Rs. 75 per bag ( Rs.65/- for other
branches) w.e.f. 01/09/21
a. Exchange of soiled notes – ₹2 per packet for exchange of
soiled notes up to the denomination of ₹50.
b. Adjudication of mutilated notes – ₹2 per piece
c. Reimbursement of 50% of revenue expenditure for first 3 years.(
NE region for first 5 years)
d. Capital cost – 50% Rs.50 laks NE Region 100% Rs.50 lacs
MCQs
Chief vigilance officers of respective banks should submit

a factual report on the corruption complaints sent to them
by the commission within a maximum period of ?
a. 15 days
b. 30 days
c. 7 working days
d. 60 days

b. 30 days
44
10/14/2023
MCQs
• Threshold for "Controlling ownership interest" for the
purpose of determination of Beneficial Owner (BO) for
companies and trusts is?
a. 25 percent for companies and 15% for trusts.
b. 10 percent for both companies and trusts.
c. 25 percent for both companies and trusts.
d. 25 percent for companies and 10% for trusts.
b. 10 percent for both companies

10/14/2023
and trusts. (earlier threshold of 25% and 15% )
Partnership more than 15% ownership or profits
MCQs
Nodal bank for submission of
interest subsidy claims in
case of DAY NRLM scheme is?
a. IOB
b. SBI
c. Indian Bank
d. BOB
10/14/2023 c. Indian Bank Pradeep Kulkarni 7387777958
45
10/14/2023
MCQs
Which Public sector bank tops the performance list under

EASE 5.0 Reforms Index for the third quarter of FY23?
b. Bank of Baroda
c. SBI
d. Punjab National Bank

EASE 5.0 envisions long-term reforms aimed at a three-year horizon
Themes & Action Points of

Theme 1. Digitally-Enabled Customer Offerings
Theme 2. Big Data and Analytics

Theme 3: Modern technology capabilities
Theme 4: Collaborative and development-focused banking
Theme 5. Employee Development
10/14/2023 Pradeep Kulkarni 7387777958and Governance
46
10/14/2023
MCQs
Requirement of Legal action is waived for

outstanding amounts in NPA accounts of making
guarantee claim under ECLGS facility is permitted
upto?
a. Rs. 10 lakh
b. Rs. 5 lakh
c. Rs. 25 lakh
d. None of these
a. Rs. 10 lakh ECLGS – Emergency
10/14/2023
Credit line Guarantee scheme
MCQs
Minimum networth required for urban cooperatives in
India as per the RBI’s latest guidelines (Other than Tier 1
UCBs operating in single district) is?
a. Rs. 2 crore
b. Rs. 5 crore
c. Rs. 25 crore
d. Rs. 20 crore
b. Rs. 5 crore
47
10/14/2023
MCQs
._________means a bank that has no physical presence in the
country in which it is incorporated and licensed, and which is
unaffiliated with a regulated financial group that is subject to
effective consolidated supervision.
a. Fake bank
b. Virtual Bank
c. Shell bank
d. Correspondent Bank
10/14/2023 c. Shell bank

MCQs
• RBI advised Complete transition of LIBOR to any widely
accepted Alternative reference rate (ARR)for any of the
foreign currency related transaction with effect
from……….?
a. 01.01.2024
b. 31.03.2024
c. 01.07.2023
d. 01.06.2023
10/14/2023
c. 01.07.2023
48
10/14/2023
MCQs
RBI has recently withdrawn Rs. 2000 denomination notes

pursuant to its?
a. Clean notes policy
b. Inflation policy
c. Monetary policy
d. All the above
a. Clean notes policy

MCQs
• With effect from 1st June 2023, by RBI to boost efforts of banks in
identifying and settling unclaimed deposits, the campaign launched
is?
a. ‘100 Accounts 100 Pays’
b. Top accounts, fast claims
c. ‘100 Days 100 Pays’
d. Less days, More claims
c. ‘100 Days 100 Pays

49
10/14/2023
MCQs
As per latest instructions of SEBI, issuers
having outstanding listed non-convertible LEI code is a 20-character code that identifies
securities and issuers having outstanding legally distinct entities that engage in financial
listed securitized debt instruments and transactions. Its purpose is to provide a unique
security receipts as on Aug 31, 2023, shall global identifier
report/ obtain LEI code on or before? RBI Mandate: non-individual borrowers having
a. 31.03.2024 an aggregate exposure of above Rs 25 crore to
b. 31.12.2024 obtain the LEI code.
c. 01.09.2023 Legal Entity Identifier India Ltd, a subsidiary of
d. 01.09.2024 the Clearing Corporation of India Ltd, is authorized
to issue and manage LEI codes in India
c. 01.09.2023
report their unique global identifier code to the
central database of corporate bonds and
depositories during the allocation of
the International Securities Identification Number
(ISIN)
MCQs
NaBFID cannot borrow money from:
a) Central government
b) Reserve Bank of India (RBI)
c) Scheduled commercial banks
d) Mutual funds
e) Multilateral institutions such as World Bank and Asian Development
Bank.
a) Scheduled commercial banks

50
10/14/2023
MCQs
Domestic wire transfers of Rs. _________ and above, where the
originator is not an account holder of the ordering bank, shall also
be accompanied by originator and beneficiary information as
indicated for cross-border wire transfers.
a. Rs. 20,000/-
b. Rs. 10,000/-
c. Rs. 50,000/-
d. Rs. 2,00,000/-
c. Rs. 50,000/-
MCQs
Complete originator and beneficiary information relating to

wire transfers shall be preserved by the banks involved in the wire
transfer , both domestic and international, for at least _________ years
from the date of transaction.
a. 10 years
b. 3 years
c. 5 years
d. 7 years
10/14/2023 c. 5Pradeep
yearsKulkarni 7387777958
51
10/14/2023
MCQs
Who has been recently appointed as new president of

world bank?
a. David Malpass
b. Ajay Banga
c. Gita Gopinath
d. Jim Yong Kim
b. Ajay Banga-Ajaypal Singh Banga is an

Indian-born American business executive.
currently the president of the World Bank
MCQs
Default Loss Guarantee (DLG) in digital lending, what is the

maximum cap on DLG cover a guarantee provider can offer
on any outstanding portfolio guaranteed?
a. 5%
b. 10%
c. 25%
d. Guarantor can decide

a. 5%
52
10/14/2023
First Loss Default Guarantee (FLDG)
• Arrangement - Regulated Entities (REs) and Lending Service Providers (LSPs

must be a company ) or between two REs involving default loss guarantee
(DLG)
• Sections 21, 35A and 56 of the Banking Regulation Act, 1949, sections 21,
35A and 56 of the Banking Regulation Act, 1949, section 6 of the Factoring
Regulation Act.
• All Commercial Banks (including Small Finance Banks),
• Primary (Urban) Co-operative Banks, State Co-operative Banks, Central Co-
operative Banks; and
• Non-Banking Financial Companies (including Housing Finance Companies)
FBIL
• Financial Benchmark India Private Limited (FBIL)
• Formed as per Vijay Bhaskar Committee recommendations submitted to RBI
• Promoted by (a) FIMMDA (Fixed Income Money Market & Derivative
Association of India), (b) FEDAI (Foreign Exchange Dealers’ Association of India
and (c) (IBA) Indian Banks’ Association
• Incorporated under Companies Act, 2013 on 09.12.2014
• MIBID /MIBOR Replaced by New Bench Mark
• FBIL overnight Mumbai Interbank outright rate
• New rate will be based on actual traded rates and will be administered by FBIL
53
10/14/2023
Official Language Policy
• Rajbhasha : Official Language Act 1963 [ amended in 1967] & OL Rules 1976
• Applicable to Public Sector Banks. However some instructions are given to private
sector Banks to provide customer service in Hindi
• Monitoring the progress in use of Hindi – DBOD-RBI
• Regions : A : Himachal, Haryana, Rajasthan, Madhyapradesh, Bihar, Uttarpradesh,
Uttaranchal, Jarkhand, chattisgarh, NCR Delhi And UTs of Andaman Nicobar islands
• Regiona B: Maharashtra, Gujrat, Punjab and UT of chandigarh, Daman & Diu and Dadra &
Nagar Haveli
• Region C: All other remaining States & UTs
Official Language Policy

• Display of Name Boards, counter boards, placards - bilingual
• display Notice Board prominently at branches in Hindi speaking area
• Name and designation boards of offices /officials – bilingually
• OL committee
• All circulars, resolutions, orders – bilingual
• All letter received in Hindi should be replied in hindi – duty of signing official
• Hindi Diwas – 14th Sept
• Targets- a and b regions 100% c region 65%
• Unicode font /software ..
54
10/14/2023
Willful defaulter
• Committee on wilful defaulters headed by Shri S S Kohli
• Willful defaulter:
• The default categorised wilful must be intentional, deliberate or calculated
• Defaulted in meeting its payment /repayment obligation to the lender,
❑ Even when it has capacity to honour the same
❑ and has not utilised the finance availed for the purpose for which it was availed
❑ siphoned off the funds and funds are not available with company
❑ disposed off / removed the movable assets or immovable property given by him as security for
availing the loan, without the knowledge of the banker
❑Cut-off limit ; Outstanding balance Rs.25 lacs or more
Penal Measures : Copy to SEBI, to prevent access to capital market
No additional facilities
The entrepreneur is debarred from institutional finance and even floating a new venture : 5
years
Reporting to CICs
The insolvency and bankruptcy code 2016

• For companies, Firms {partnership] and Individuals
• Creditor to assess viability of debtor as business decision and agree upon revival or
speedy liquidation
• Default should be for minimum of Rs. 100000 [ due to covid -19: Limit raised to 1cr] for
individuals default amount is Rs. 1000
• Stages: 2 Independent Stages
I. Insolvency resolution process: [IRP]
▪ Financial creditor or an operational creditor can initiate an IRPs at NCLT
▪ The defaulting corporate debtors, its shareholders or employees, may also initiate voluntary
insolvency proceedings
▪ Maximum period for Resolution process used to be 270 days which is increased to 330 days in July -
19
II. Liquidation
II. 66% of creditor’s committee decides to liquidate the corporate debtor
III.Resolution process not completed with 330 days
IV.NCLT rejected its resolution plan submitted by it
V. The debtor contravenes the agreed resolution plan and an affected person makes an application to
NCLT to liquidate
VI.On
10/14/2023
NCLT Pradeep Kulkarni 7387777958
55
10/14/2023
Central Fraud Registry
• Operationalised by RBI – 20th January 2016

• Early Detection of Fraud and also creating a searchable centralised data base for use by banks
• Frauds 0.1 Million ie. Rs.1.00 lac and above but below Rs.50 Million [Rs. 5.00 cr] monitored by
respective ROs of RBI under whose jurisdiction the Head Office of Bank falls
• Senior Supervisory Manager [SSM] of the Bank.
• Frauds of Rs.50 million and above will be monitored by Central Fraud Monitoring Cell
[CFMC]
• Flash reports are to sent in Fraud cases of Rs.50 million and above to CGM incharge Department of
Banking Supervision CO with a copy to CFMC
Sale and Purchase of NPAs

• By whom? : Banks, Financial Institutions and NBFCs
• Bank can sell: Irrespective of period for which it is held by Bank
[Earlier it was at least 2 Years to hold]
• Basis of Sale : Cash and without recourse basis
• Classification in the books of Purchasing Bank : Standard for 90 days and thereafter
on the basis of record of recovery
• Can the purchasing bank sell it? Yes it can.
After 12 months holding.
Not to bank where it purchased.
• Purchasing Bank : Should realise asset within 3 years
• Minimum 10% in first year and 5% in following half year
• Risk weight : 100%
56
10/14/2023
Asset Reconstruction Company

• For taking over NPAs of banks/Fis, reconstruct and
repack for sale
• ARCIL – Ist ARC [ Asset Reconstruction Company of
India Ltd]
• Joint stock company.
• Before commencement Registration with RBI is
compulsory
• Within 6 months of registration ARCs to commence
business
• If required, RBI may extend by another 6 months
• Minimum Required NOF – Rs,100 cr or15% of acquired
assets- Higher
• Capital Adequacy Ratio : 15%
• ARCs should invest at least 15% of security receipts
created out of each securitization. Minimum
required NOF By March 31, By March 31,
• 28 ARCs in Operation on October 11, 2024 2026
2022
10/14/2023 Rs.100 crore
Pradeep Kulkarni 7387777958 Rs.200 crore Rs.300 crore
Right to Information Act
• Who Can? : Indian Citizen, NRI and not an PIO

• Whether any reason required while seeking information : No
• Who should give : Public Information officer to provide
• Time Period for submission : In normal situation - 30 days
• 35 days in case it is filed with the Assistant PIO.
In case of third party information – 45 days
In case of information pertains to life and liberty : 48 Hrs

• Penalty for Delay in providing information : Rs.250 per day with maximum upto Rs.
25000
• Record preservation time fixed by Central Govt : 5 to 8 years
57
10/14/2023
Exemption from disclosure
(a) National security

(b) Contempt of court
(c) Parliamentary privilege
(d) Trade secrecy
(e) Fiduciary relationship
(f) Foreign government
(g) Safety of informer in law enforcement
(h) Investigation
(i) Cabinet papers
(j) Privacy
(K) Copyright - disclosure which would involve an infringement of
copyright subsisting in a person other than the State may be
rejected. [Section 9]
appeal
• First appeal with senior in the Department.

• Second appeal with Information Commission.
• Envisages an independent Information
• Commission at the central and state level to be
• an appellate authority and to oversee the
• functioning of the Act.
• Has various powers under the RTI Act
58
10/14/2023
CREDIT DEFAULT SWAPS

• ❖ CDS was introduced by JP Morgan.
• Credit default swaps (CDS) : A type of insurance against
default risk by a particular company.
• The company is called the reference entity and the
default is called credit event.
• It is a contract between two parties, called protection
buyer and protection seller.
• The contract, wherein the protection buyer is
compensated for any loss emanating from a credit event
in a reference instrument. Notional Principal Amt : Rs.50Cr
Protection buyer Agrees to Pay
• In return, the protection buyer makes periodic payments annually 100 basis points to Protection
to the protection seller. seller : Rs.50 lacs
If the credit event occurs : Buyer will be
• In the event of a default, the buyer receives the face value of compensated with Rs.50 Cr
Either through Cash Settlement or
the bond or loan from the protection seller. From the seller‟s Physical settlement
perspective, CDS provides a source of easy money if there is No credit event before maturity date :
no credit event. Nothing paid by Protection buyer.
• Formation of ARC/AMC
• National Asset Reconstruction Company Limited (NARCL), and India Debt
Resolution Company Limited (IDRCL) for aggregation and resolution of Non-
Performing Assets (NPAs)
• NARCL a government entity, has been incorporated on 7th July 2021:Canara
Bank being the Sponsor Bank
• Registered with RBI as an ARC under SARFAESI Act 2002
• Asset Acquisition and Asset Resolution
• Clean up the legacy stressed assets with an exposure of Rs 500 crore and above
in the Indian Banking system.
• Optimal mix of Cash and Security Receipts (SRs)
59
10/14/2023
ESG INVESTING
• ESG Investing (also known as ―socially responsible investing,‖ ―impact investing,‖ and
―sustainable investing‖) refers to investing which prioritizes optimal environmental, social, and
governance (ESG) factors or outcomes.
• ESG investing is widely seen as a way of investing ―sustainably‖—where investments are made with
consideration of the environment and human wellbeing, as well as the economy.
• It is based upon the growing assumption that the financial performance of organizations is
increasingly affected by environmental and social factors.
• ESG investing may have officially entered mainstream investing discourse following the release of
the Principles for Responsible Investments (PRI)4 in 2006 – a set of United Nations guidelines for the
incorporation of ESG factors into business policy and strategy. The PRI have over 2,000 signatories
and are widely considered the official point of reference for all things ESG investing.
• Recent years have seen a significant expansion of ESG investing around the globe as organizations
and individuals increasingly recognize the interdependencies between social, environmental, and
economic issues. More investors are looking to fund organizations and products that support and
promote sustainability, and comply with
10/14/2023 emerging
Pradeep regulations such as climate change regulations.
Kulkarni 7387777958
FIAT MONEY (CURRENCY)

❖ Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or
silver, but rather by the government that issued it.
❖ The value of fiat money is derived from the relationship between supply and demand and the stability of
the issuing government, rather than the worth of a commodity backing it.
❖ Thus fiat currencies only have value because the government maintains that value; there is no utility to fiat
money in itself.
❖ Fiat money gives central banks greater control over the economy because they can control how much
money is printed.
❖ Most modern paper currencies, such as the U.S. dollar, are fiat currencies.
❖ One danger of fiat money is that governments can print too much of it, resulting in hyperinflation.
❖ Because fiat money is not linked to physical reserves, such as a national stockpile of gold or silver, it risks
losing value due to inflation or even becoming worthless in the event of hyperinflation. Furthermore, if
people lose faith in a nation's currency, the money will no longer hold value.
60
10/14/2023
PRODUCER SURPLUS
• Producer surplus is defined as the difference between
the amount the producer is willing to supply goods for
and the actual amount received by him when he makes
the trade.
• Producer surplus is a measure of producer welfare.
• It is shown graphically as the area above the supply
curve and below the equilibrium price.
• A producer always tries to increase his producer surplus
by trying to sell more and more at higher prices.
However, it is simply not possible to increase the
producer surplus indefinitely since at higher prices there
might be very little or no demand for goods.
VIABILITY GAP FUNDING (VGF)

• ❖ The Viability Gap Funding Scheme of the Government of India for Financial Support to Public
Private Partnerships in Infrastructure, provides financial support (Capital grant) of up to 40% of the
Total Project Cost in the form of grant (one time or deferred) to infrastructure projects undertaken
through public private partnerships with a view to making them commercially viable.
• Administered by the Ministry of Finance, budgetary provisions are made in the Annual Plans on a year-
to-year basis for the Scheme.
• ❖ The scheme aims at supporting infrastructure projects that are economically justified but fall
marginally short of financial viability. Support under this scheme is available only for infrastructure
projects where private sector sponsors are selected through a process of competitive bidding. The total
Viability Gap Funding under this scheme will not exceed twenty percent of the Total Project Cost;
provided that the Government or statutory entity that owns the project may, if it so decides, provide
additional grants out of its budget, upto a limit of a further twenty percent of the Total Project Cost.
• ❖ In order to be eligible for funding under VGF Scheme, a PPP project should meet the following
criteria: The project should be implemented (i.e. developed, financed, constructed, maintained and
operated) for the Project Term by a Private Sector Company to be selected by the Government or a
statutory entity through a process of open competitive bidding; provided that in case of railway projects
that are not amenable to operation by a Private Sector Company, the Empowered Committee may relax
this eligibility criterion.
61
10/14/2023
UPI123 AND UPI Lite

• UPI123Pay?:
• For a sizable percentage of the population who lacked smart phones, UPI was unavailable.
Theref0re introduced UPI123Pay
• Customers can manage with feature phones almost all transactions using UPI123Pay, with
the exception of scan and pay.
• UPI Lite?:
• UPI Lite is an "on-device wallet".
• To use UPI Lite, users must first contribute money to the app's wallet
• Users can make real-time payments without the Internet because it is a "on-device wallet."
In phase one, UPI Lite will process transactions in near offline mode, i.e., debit (payments)
can be made without Internet connection and credits into the account will be done online.
However, there is a plan to make UPI Lite offline in the future where customers can
process transactions — both debit and credit — in complete offline mode.
• The maximum amount that can be transferred via UPI LITE is Rs. 500, and the maximum
amount that can be in your UPI LITE balance at any given moment is Rs. 2000, or any
additional limits that may occasionally be set by NPCI.
From:
Pradeep Kulkarni
7387777958
[email protected]
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10/14/2023

Promotion Test 2023 - MCQs on Latest

• Scale I to II, II to III And

MCQs are compiled from multiple resources and to the best of my

10/14/2023 Pradeep Kulkarni 7387777958

In case of delay in releasing of original movable / immovable

The PM Vishwakarma scheme will be initially implemented for.a

a. Five years up to 2027-28 (outlay 13000 cr) (Rs.500/-

Payments & Settlement System Act 2007 ( PSS Act 2007)

August 12, 2008

10/14/2023 Pradeep Kulkarni 7387777958

▪ Adjudication of the disputes : done by RBI

10/14/2023 Pradeep Kulkarni 7387777958

A person having ownership of more than ______% of the capital or

10/14/2023 Pradeep Kulkarni 7387777958

DISCLOSURES IN FINANCIAL STATEMENTS

10/14/2023 Pradeep Kulkarni 7387777958

DISCLOSURES IN FINANCIAL STATEMENTS

4. RBI has recently insisted financial institutions to implement a system to report

a. March 31, 2025

The Education Loan interest subsidy scheme for minority

b. Rs. 2 crore and Rs. 5 crore

• A Bank is planning to adopt a novel way to ensure

What is the maximum ceiling on Housing loans sanctioned

a. Rs. 60 lakh for Tier 1 UCBs & Rs. 140

The Bank which is authorized to issue

10/14/2023 Pradeep Kulkarni 7387777958

Market hours of Call/notice/term money market specified

The theme of Indian presidency under G20 forum

Bank loans for affordable housing projects using at least _______% of

d) 50 (Floor Space Index

10/14/2023 c) Rs.20 lacs

RBI’s medium-term Strategy Framework -‘Utkarsh

c. 2023-25- its implementation and progress through a

As per the budgetary announcement, minimum support price for

10/14/2023 Pradeep Kulkarni 7387777958

A Person is considered “major shareholder‟ in a banking company if his

10/14/2023 Pradeep Kulkarni 7387777958 c. 5%

10/14/2023 Pradeep Kulkarni 7387777958

b. Rs. 4 crore and Rs. 40 crore

10/14/2023 Pradeep Kulkarni 7387777958 d. 2 months

• Credit Guarantee Scheme for NBFC [CGS-II]

Annual Guarantee Fee

Slab Standard Rate (pa)*

10/14/2023 Pradeep Kulkarni 7387777958 b. 0.6% & 0.20%

The tenure of first issue of Soverign Green

b. Rs. 20 lakh for 1st Loan only

PMEGP - Prime Minister's Employment Generation Programme

• Special Category : Subsidy 25% (urban) 35% (Rural)

• Maximum Project Cost : Mfg Sector – Rs.50.00 lacs and

PMEGP - Prime Minister's Employment Generation Programme

• Backward and Forward Linkages:

10/14/2023 Pradeep Kulkarni 7387777958

a. February 28, 2023

.Name of Single Window National

10/14/2023 Pradeep Kulkarni 7387777958 c. Marine

Government of India has released common reforms agenda

Centralised Receipt and Processing Center (CRPC) for

a. digital modes of payment and transactions