Banking quiz for RBI Grade B (Finance)

Dear aspirants,
We are presenting you the banking quiz for RBI Grade B Finance Section of the exam. These questions will cover the topics such as MSME, Depositor Education and Awareness Fund, Committees etc which are very important from exam point of view. Also do read the answers provided at the end of quiz.

banking quiz

  1. To encourage formalisation of economy, for how many days of past dues RBI has allowed banks and NBFCs to classify their exposure as standard?
    1. 60 days
    2. 120 days
    3. 180 days
    4. 270 days
  2. What is the aggregate exposure limit decided by RBI in providing flexibility in payment dues towards banks and NBFCs to encourage formalisation of MSME sector?
    1. 10 crore
    2. 15 crore
    3. 20 crore
    4. 25 crore
  3. What is the interest payable on unclaimed interest bearing deposit amount transferred to the Depositor Education and Awareness Fund (DEAF)?
    1. 5%
    2. 4%
    3. 5%
    4. 5%
  4. Under which section of Banking Regulation Act, 1949, RBI has established The Depositor Education and Awareness Fund?
    1. Section 25B
    2. Section 26A
    3. Section 27C
    4. Section 35B
  5. For how many years does deposit should remain unclaimed before getting credited to The Depositor Education and Awareness Fund (the Fund)?
    1. 5 years
    2. 10 years
    3. 12 years
    4. 15 years
  6. Who maintains The Depositor Education and Awareness Fund?
    1. Reserve Bank of India
    2. NABARD
    3. SEBI
    4. Finance Ministry
  7. The Depositor Education and Awareness Fund was introduced in which year?
    1. 2011
    2. 2012
    3. 2013
    4. 2014
  8. Which among the following states does not have agreement with RBI which enable RBI to act as banker to state government?
    1. Jammu and Kashmir
    2. Assam
    3. Sikkim
    4. Nagaland
  9. Recently SEBI has formed the committee to review the norms for Market Infrastructure Institutions (MII), who was head of committee?
    1. R Gandhi
    2. A C Shah
    3. Abid Hussain
    4. B Sivaraman
  10. According to Bimal Jalan Committee, 2012; after every how many year SEBI should conduct a review of Market Infrastructure Institutions?
    1. Two years
    2. Five years
    3. Seven years
    4. Ten years

Answers

  1. 3
    Having regard to the input credit linkages and ancillary affiliations, it has been decided by RBI to temporarily allow banks and NBFCs to classify their exposure, as per the 180 days past due criterion, to all MSMEs, including those not registered under GST, as a ‘standard’ asset
  2. 4
    The aggregate exposure, including non-fund based facilities, of banks and NBFCs to the borrower does not exceed Rs 250 million as on May 31, 2018.
  3. 1
    The rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the Fund shall be 3.5% simple interest per annum with effect from July 01, 2018.
  4. 2
  5. 2
    The amount to the credit of any account in India with any bank which has not been operated upon for a period of ten years or any deposit or any amount remaining unclaimed for more than ten years shall be credited to the The Depositor Education and Awareness Fund
  6. 1
    The amounts to be credited to the The Depositor Education and Awareness Fund by banks shall be deposited in the specified account maintained with the Reserve Bank
  7. 4
  8. 3
    As of now, such agreements exist between RBI and all the State Governments except Government of Sikkim.
  9. 1
    Recently, The Securities and Exchange Board of India (Sebi) has formed a committee to review regulations and relevant circulars pertaining to market infrastructure institutions (MIIs) headed by R Gandhi. Committee had four other members — G Anantharaman, former Sebi whole time member, Leo Puri managing director of UTI AMC Ltd, Professor Gopal Naik, dean of Indian Institute of Management Bangalore and S Ravindran, executive director of Sebi
  10. 2

You may also like to read following MCQs for RBI Grade B exam: 

Click to go to RBI Grade B Preparation Page  | Click to read more such quizzes

Tags: Banking questions for RBI Grade B, Banking quiz for RBI Grade B, Banking quiz, Banking quiz for RBI Grade B Finance section

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