Under RBI asset classification norms, an asset that has remained an NPA for a period of up to 12 months is classified as what?
Correct answer C. Sub-standard asset
Subject / 150 questions
Indian Economy and Banking MCQs
Page 4 of Indian Economy and Banking multiple-choice questions with answers. Tap an option to check yourself.
Page 4 of 8
Which Act allows banks to take possession of secured assets of defaulting borrowers without court intervention?
Correct answer C. SARFAESI Act, 2002
Asset Reconstruction Companies in India are registered under which law?
Correct answer D. SARFAESI Act, 2002
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In which year was the Insolvency and Bankruptcy Code enacted?
Correct answer B. 2016
Which body is the adjudicating authority for corporate insolvency cases under the IBC?
Correct answer D. National Company Law Tribunal
As originally enacted, the IBC required the corporate insolvency resolution process to be completed within how many days, extendable by 90 days?
Correct answer C. 180 days
Which body regulates insolvency professionals and agencies under the IBC?
Correct answer C. Insolvency and Bankruptcy Board of India
A bank with a high CASA ratio typically benefits from what?
Correct answer D. Lower cost of funds
What is the minimum amount that can be transferred through RTGS?
Correct answer C. Rs 2 lakh
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How are transactions settled in the NEFT system?
Correct answer B. In half-hourly batches
NEFT became available round the clock (24×7) from which month?
Correct answer D. December 2019
Which organisation operates UPI, IMPS and RuPay in India?
Correct answer D. National Payments Corporation of India
In which year was the Unified Payments Interface (UPI) launched?
Correct answer B. 2016
NPCI was incorporated in 2008 as what kind of company?
Correct answer C. A not-for-profit company
Which organisation provides deposit insurance to bank depositors in India?
Correct answer A. Deposit Insurance and Credit Guarantee Corporation
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With effect from 4 February 2020, the DICGC deposit insurance cover was raised to what amount per depositor per bank?
Correct answer A. Rs 5 lakh
The Basel Committee on Banking Supervision is hosted by which institution?
Correct answer B. Bank for International Settlements
Which of the following is one of the three pillars of Basel II?
Correct answer D. Market discipline
The Basel III framework was introduced mainly in response to which event?
Correct answer C. The global financial crisis of 2007-09
A bank in India is called a ‘scheduled bank’ when it is included in which schedule?
Correct answer A. Second Schedule of the RBI Act, 1934