QUIZ TIME QUESTIONS- NOV 2022

1. As per latest RBI guidelines, Credit Information Companies (CICs) should

appoint internal ombudsman latest by?
a. April 1, 2023
b. April 1, 2024
c. Dec 31,2022
d. Dec 31,2023

2. As per latest RBI guidelines, on rating offered by the rating agencies, if the
lender name and facilities rated details are not available in the rating rationale,
with effect from March 31, 2023, banks to assign risk weight of _____while
computing capital for capital adequacy purpose on the exposure irrespective of
rating issued by the rating agency?
a. 50%
b. 100% or as applicable to unrated exposure
c. 75%
d. None of these

3. Which of the following category of ‘Primary dealers’ were recently permitted by

RBI to offer all foreign exchange market-making facilities?
a. Standalone primary dealers (SPDs)
b. Full fledged money changers
c. AD category III
d. All the above

4. Maximum loan eligibility for airlines companies under ECLGS 3.0 has been
recently increased by GOI to ?
a. 100% of their fund based or non-fund-based loan outstanding as on the reference
dates with a maximum limit of Rs. 1000 crore
b. 100% of their fund based or non-fund-based loan outstanding as on the reference
dates with a maximum limit of Rs. 1500 crore
c. 50% of their fund based or non-fund-based loan outstanding as on the reference
dates with a maximum limit of Rs. 1000 crore
d. 100% of their fund based or non-fund-based loan outstanding as on the reference
dates with a maximum limit of Rs. 400 crore

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5. As per latest Government of India guidelines, in case of an upward change in
terms of investment in plant and machinery or equipment or turnover or both, and
consequent re-classification, an enterprise shall continue to avail of all non-tax
benefits of the category it was in before the re-classification, for a period of?
a. 3 years
b. 1 year
c. 6 months
d. 18 months

6. The number of Upper Layer NBFCs (NBFC-UL) identified by RBI recently as per
Scale Based Regulation (SBR)- a revised regulatory framework for NBFCs is?
a. 12
b. 16
c. 18
d. 13

7. As per the latest Unhedged Foreign Currency Exposure directions of RBI,

Banks shall ascertain the Foreign currency exposure of all entities at least on an
________basis. Banks shall consider the items maturing or having cash flows
over the period of next five years.
a. Half yearly
b. Quarterly
c. Monthly
d. Annual

8. In case Unhedged Foreign Currency Exposures, banks along with meeting

incremental provisioning requirement shall meet incremental capital requirement
of _______% for the purpose of the capital adequacy if the Potential Loss / EBID
(%) exceeds 75%.
a. 20%
b. 5%
c. 15%
d. 25%

9. As per latest RBI guidelines on Unhedged Foreign Currency Exposure, In case

of Smaller Entities (total exposure of the banking system is at Rs.50 crore or less)
banks can use an alternative method and shall apply an incremental provisioning
of _________over and above extant standard asset provisioning instead of
computing incremental capital and provisioning requirements as applicable to
bigger entities.
a. 10 bps
b. 20 bps
c. 30 bps
d. 50 bps

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10. Commercial banks shall disclose the details of divergence made by them
while disclosing their annual gross profit and asset classification (NPAs) in their
financial statements if the same is identified by RBI. Banks have to disclose the
details of the same in financial statements; if the divergence in reported profit
before provisions and contingencies exceeds ______and Reported incremental
Gross NPA exceeds _______with effect from March 31, 2024.
a. 10%, 10%
b. 5%, 5%
c. 10% , 5%
d. 5%, 10%

11. The chairperson of committee constituted by RBI, to undertake a

comprehensive review of the working of ARCs is?
a. Mr. Nachiket mor
b. Ms. Usha Thorat
c. Mr. Sudarshan Sen
d. Mr. Nagesh Shah

12. RBI has recently increased minimum networth requirement for an ARC to
______and the same is to be achieved by March 31,2026.
a. Rs. 100 crore
b. Rs. 500 crore
c. Rs. 200 crore
d. Rs. 300 crore

13. What is the maximum extent of guarantee extended by NCGTC under new
Credit Guarantee Scheme for Startups (CGSS)?
a. Rs. 5 crore
b. Rs. 2 crore
c. Rs. 10 crore
d. Rs. 1 crore

14. The guarantee fee payable to NCGTC under new Credit Guarantee Scheme for
Startups (CGSS) is?
a. 2.5% p.a. of the amount disbursed or outstanding. For Units form the North-East
region as well as those of women entrepreneurs it is 1.5% p.a.
b. 2% p.a. of the amount disbursed or outstanding. For Units form the North-East region
as well as those of women entrepreneurs it is 1.5% p.a.
c. 1.5 % p.a. of the amount disbursed or outstanding. For Units form the North-East
region as well as those of women entrepreneurs it is 1.00% p.a.
d. 1.75% p.a. of the amount disbursed or outstanding. For Units form the North-East
region as well as those of women entrepreneurs it is 1.0% p.a.

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15. As per RBI guidelines, Investments by commercial banks in ‘securitisation
notes’, representing loans to various categories of priority sector, except ‘others’
will be eligible for priority sector classification provided, The all-inclusive interest
charged to the ultimate borrower by the originating entity should not exceed the
investing bank’s?
a. MCLR + 10% or EBLR + 14%.
b. MCLR + 8% or EBLR + 10%.
c. MCLR + 14% or EBLR + 14%.
d. No such cap

16. The minimum ticket size for issuance of securitisation notes shall be
__________
a. Rs.1 crore.
b. Rs. 5 crore
c. Rs. 20 lakh
d. Rs. 5 lakh

17. SEBI has recently reduced the minimum face value of debt security or non-
convertible redeemable preference share issued on private placement basis by
the Corporates from Rs. 10 lakh to _____with effect from 1st Jan 2023.
a. Rs. 5 lakh
b. Rs. 1 lakh
c. Rs. 2 lakh
d. Rs. 5 lakh

18. Number of Digital Banking Outlets (DBUs) inaugurated by the prime minister
on 16th October 2022 is?
a. 22
b. 50
c. 75
d. 100

19. The name of Reserve Bank’s Advanced Supervisory Monitoring System which
was launched recently is?
a. Samarth
b. दक्ष (DAKSH)
c. MONITOR
d. EFTR

20. Name of the credit rating agency whose certificate of registration is cancelled
by SEBI recently?
a. CRISIL
b. Brickworks
c. CARE
d. ICRA

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21. The applicability of foreign trade policy of 2015-20 has been further extended
till?
a. 31.12.2022
b. 31.03.2024
c. 31.03.2023
d. 31.12.2023

22. Government of India in Budget 2022-23 has announced Year 2023 as the year
of?
a. Pulses
b. Oil seeds
c. Millets
d. Cereals

23. The maximum internet speeds on ‘5G’ network which was launched recently
could touch upto?
a. 10 Gbps
b. 100 Mbps
c. 5 Gbps
d. 1 Gbps

24. RBI has recently removed ban on which of the following private sector bank
from opening new branches?
a. ICICI Bank
b. Tamilnadu Mercantile bank
c. IDBI bank
d. Federal bank

25. To facilitate bilateral trade between India and Russia, Gazprombank, third
largest bank in Russia has opened Rupee account recently with?
a. Union Bank of India
b. Punjab National Bank
c. UCO Bank
d. Indian Overseas Bank

26. NPCI has recently tied up with a leading global payment solutions provider
‘Worldline’ to facilitate Indian tourists to make payment using UPI and Rupay at?
a. USA
b. Europe
c. Australia
d. None of these

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27. The bank which has rolled out various digital banking initiatives to delight
customer experience in the name of ‘Project wave’ is?
a. HDFC Bank
b. IDBI Bank
c. Indian Bank
d. Canara Bank

28. The National Logistic Policy which was launched recently aims to bring down
the transportation, warehousing and inventory costs i.e. overall logistics cost
down to around _______ of GDP in the next 5 years. Presently it is 14% of GDP.
a. 12%
b. 8%
c. 11%
d. 6%

ANSWERS TO QUIZ TIME QUESTIONS

1 2 3 4 5 6 7 8 9 10
a b a b a b d d a b
11 12 13 14 15 16 17 18 19 20
c d c b a a b c b b
21 22 23 24 25 26 27 28
c c a b c b c b

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