COPY: RBI 90th Anniversary Quiz
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Questions and Answers

What type of data does the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) primarily collect?

  • Inflation rates in the manufacturing sector
  • Monetary policy impacts on production
  • Quantitative data on orders and inventories (correct)
  • Qualitative assessments of market trends

What is the rate of interest on the Government of India Floating Rate Bond 2028 for the period from April 04, 2024 to October 03, 2024?

  • 7.25% per annum
  • 7.50% per annum
  • 8.00% per annum
  • 7.72% per annum (correct)

Which of the following components is NOT included in the OBICUS data collection?

  • Inflation rates over the quarter (correct)
  • Total inventories breakdown
  • New orders received during the quarter
  • Backlog of orders at the beginning of the quarter

What is the fixed spread associated with the Government of India Floating Rate Bond 2028’s interest rate?

<p>0.64% (C)</p> Signup and view all the answers

How often has the RBI conducted the OBICUS since its inception in 2008?

<p>Quarterly (C)</p> Signup and view all the answers

The benchmark rate for the Floating Rate Bond may vary based on which of the following?

<p>The average of recent T-Bills (C)</p> Signup and view all the answers

Which of the following factors does NOT influence the changes in production during the survey period as per OBICUS?

<p>Global market trends (C)</p> Signup and view all the answers

What is a characteristic feature of Floating Rate Bonds like the Government of India Floating Rate Bond 2028?

<p>Variable coupon rate based on benchmarks (C)</p> Signup and view all the answers

What significant event is marked by 1st April 2024?

<p>The 90th anniversary of the Reserve Bank of India (A)</p> Signup and view all the answers

Which feature distinguishes the commemorative coin released for RBI's 90th anniversary?

<p>It is made with 99.99% pure silver and weighs around 40 grams. (D)</p> Signup and view all the answers

What is the current status of India's foreign exchange reserves as of the announcement?

<p>They are the fourth greatest in the world. (A)</p> Signup and view all the answers

What initiative has contributed to resolving significant default loan amounts in India?

<p>The Insolvency and Bankruptcy Code (IBC) (A)</p> Signup and view all the answers

According to recent announcements, what percentage of Jan Dhan accounts belong to women?

<p>55% (D)</p> Signup and view all the answers

What does the Lion Capital of the Ashoka Pillar symbolize on the commemorative coin?

<p>India's cultural heritage and democratic principles (A)</p> Signup and view all the answers

How much capital infusion was undertaken to assist public sector banks?

<p>3.5 lakh crore (B)</p> Signup and view all the answers

Which of the following statements about Gross NPAs of banks is correct?

<p>They dropped from 11.25% in 2018 to below 3% by September 2023. (D)</p> Signup and view all the answers

What is the minimum paid-up voting equity capital required for a universal bank under the RBI guidelines?

<p>Rs 500 crore (B)</p> Signup and view all the answers

Which of the following companies was found unsuitable for granting approval to set up a small finance bank?

<p>Tally Solutions Private Limited (C), Dvara Kshetriya Gramin Financial Services Private Limited (D)</p> Signup and view all the answers

What percentage of total paid-up capital did the reported NGNF companies account for in March 2023?

<p>34.2% (A)</p> Signup and view all the answers

What was the increase in net sales of NGNF private limited companies during 2022-23?

<p>20.3% (C)</p> Signup and view all the answers

According to RBI guidelines, what is the initial net worth requirement for urban co-operative banks transitioning into small finance banks?

<p>Rs 100 crore (D)</p> Signup and view all the answers

What was the increase in operating expenses for NGNF private limited companies in 2022-23?

<p>20.4% (A)</p> Signup and view all the answers

What is the primary focus of the 2024-25 Monetary Policy Statement?

<p>Withdrawal of accommodation to align inflation with targets (A)</p> Signup and view all the answers

How many applications did RBI receive for setting up banks under the guidelines?

<p>13 applications (D)</p> Signup and view all the answers

What was the percentage growth in operating expenses in the previous year prior to 2022-23?

<p>33.4% (D)</p> Signup and view all the answers

Which of the following rates remained unchanged in the policy statement?

<p>All of the above rates (D)</p> Signup and view all the answers

What is the current value of the Standing Deposit Facility Rate as per the policy?

<p>6.25% (D)</p> Signup and view all the answers

Which policy variable is associated with the value of 6.75%?

<p>Marginal Standing Facility Rate (A), Bank Rate (B)</p> Signup and view all the answers

What does the term 'withdrawal of accommodation' imply in the context of monetary policy?

<p>Tightening monetary policy to control inflation (B)</p> Signup and view all the answers

What is the primary purpose of the Centralised Information Management System (CIMS) Portal?

<p>To serve as a platform for regulatory and supervisory return submissions (D)</p> Signup and view all the answers

When will banks begin submitting the monthly Form VIII Return on the CIMS Portal?

<p>May 2024 (C)</p> Signup and view all the answers

What is one of the features of the CIMS Portal mentioned?

<p>It enables data mining and visual analytics. (A)</p> Signup and view all the answers

Which return is specifically related to details about paid-up capital and reserves?

<p>Form A (C)</p> Signup and view all the answers

What significant change was made regarding the submission of regulatory returns?

<p>Conversion from the existing XBRL system to CIMS. (C)</p> Signup and view all the answers

What aspect of the CIMS Portal is designed to reduce regulatory compliance burden?

<p>It simplifies the submission process for regulated entities. (C)</p> Signup and view all the answers

Which of the following statements about the new RBI website is correct?

<p>The new website can be accessed at 'https://website.rbi.org.in'. (B)</p> Signup and view all the answers

By when are banks required to use the CIMS Portal exclusively for Form IX submissions?

<p>December 31, 2024 (D)</p> Signup and view all the answers

What is the projected real GDP growth for India in 2024-25?

<p>7.0% (D)</p> Signup and view all the answers

Which measure is aimed at supporting CPI inflation while promoting growth?

<p>Fixed Reverse Repo Rate (C)</p> Signup and view all the answers

What was the all-time high of India's foreign exchange reserves as of March 29, 2024?

<p>US$ 645.6 billion (A)</p> Signup and view all the answers

What was the level of net foreign portfolio investment (FPI) inflows during 2023-24?

<p>US$ 41.6 billion (D)</p> Signup and view all the answers

What was the CPI inflation rate during January-February 2024?

<p>5.1% (C)</p> Signup and view all the answers

Which event occurred in January 2023 related to financial markets in India?

<p>Launch of Sovereign Green Bonds (D)</p> Signup and view all the answers

What was the net foreign direct investment (FDI) in April-January 2023-24?

<p>US$ 14.2 billion (D)</p> Signup and view all the answers

How is the Current Account Deficit projected to be within 2024-25?

<p>Sustainable and manageable (B)</p> Signup and view all the answers

What is the main purpose of SGRBs?

<p>To accelerate India's transition to a low-carbon economy. (A)</p> Signup and view all the answers

Which of the following characteristics does NOT apply to SGRBs?

<p>They carry significant default risks. (C)</p> Signup and view all the answers

What does the RBI Retail Direct Scheme allow individual investors to do?

<p>Maintain gilt accounts and invest in government securities. (A)</p> Signup and view all the answers

Which aspect of the LCR framework requires banks to maintain HQLA?

<p>To cover expected net cash outflows in the next 30 days. (C)</p> Signup and view all the answers

What new facility is proposed for enabling the UPI cash deposit?

<p>Through UPI transactions for cash deposits. (C)</p> Signup and view all the answers

Under the new regulations for Small Finance Banks, which of the following is now permitted?

<p>Using multiple rupee interest rate derivative products. (C)</p> Signup and view all the answers

What is the intended benefit of allowing PPIs to link with third-party UPI applications?

<p>To enhance convenience for PPI holders in making payments. (D)</p> Signup and view all the answers

What was introduced in the RBI Retail Direct Scheme for better access?

<p>An advanced mobile application for easier navigation. (D)</p> Signup and view all the answers

What does the government aim to achieve by issuing SGRBs?

<p>To transition towards a sustainable low-carbon economy. (C)</p> Signup and view all the answers

Which of the following statements about UPI usage for cash withdrawals is true?

<p>UPI facilitates card-less cash withdrawals at ATMs. (C)</p> Signup and view all the answers

What is a required characteristic of a Self-Regulatory Organization (SRO)?

<p>They should operate with transparency and credibility. (C)</p> Signup and view all the answers

What is not an objective of an SRO?

<p>To discourage compliance among its members. (B)</p> Signup and view all the answers

What should SROs establish to address violations by members?

<p>Clear standards of conduct and specified consequences. (C)</p> Signup and view all the answers

Which of the following is a responsibility of the SRO towards its members?

<p>To frame and monitor a code of conduct. (B)</p> Signup and view all the answers

Which of these aspects is essential for SRO governance?

<p>Independent board oversight and strong governance mechanisms. (B)</p> Signup and view all the answers

How should SROs handle disputes among members?

<p>By implementing standardized procedures for resolution. (D)</p> Signup and view all the answers

What should SROs not focus on for improving their members' adherence?

<p>Extending stringent punitive measures. (C)</p> Signup and view all the answers

What type of information should an SRO collect and share?

<p>Relevant sectoral information to assist the Reserve Bank. (D)</p> Signup and view all the answers

Which of the following is true about the membership of SROs?

<p>Membership agreements may impose ethical standards. (C)</p> Signup and view all the answers

What is required from regulated entities unable to liquidate their investments within the prescribed 30 days?

<p>To make a 100% provision on such investments (D)</p> Signup and view all the answers

Under what condition will investments in subordinated units of an AIF not require a deduction from capital funds?

<p>If the AIF does not have any downstream investment (B)</p> Signup and view all the answers

Which of the following best defines 'Evergreening' in the banking context?

<p>Giving new loans to struggling borrowers (A)</p> Signup and view all the answers

What percentage of capital is proposed to be deducted from Tier-1 and Tier-2 equally?

<p>100% (A)</p> Signup and view all the answers

What does the Omnibus Framework for recognising Self-Regulatory Organisations (SROs) not specify?

<p>Risk assessment protocols (D)</p> Signup and view all the answers

What is the main objective of the RBI's decision regarding AIF investments?

<p>To prevent indirect exposure to troubled borrowers (B)</p> Signup and view all the answers

Which type of AIF exposure is explicitly excluded from the RBI's capital deduction requirements?

<p>Investments through mutual funds (A)</p> Signup and view all the answers

What is the primary focus of the RBI's Omnibus Framework for SRO recognition?

<p>To establish common standards for self-regulation (D)</p> Signup and view all the answers

In the context of AIFs, what does 'downstream exposure' refer to?

<p>Investments made by an AIF in borrower companies that owe money (C)</p> Signup and view all the answers

What is a regulated entity prohibited from doing with respect to AIF schemes?

<p>Investing in AIF schemes with direct investments in debtor companies (B)</p> Signup and view all the answers

What qualifies a company as a debtor company under the regulations for AIF investments?

<p>Any company to which the regulated entity has had a loan or investment exposure in the last 12 months (A)</p> Signup and view all the answers

What action must a regulated entity take if it is invested in an AIF that subsequently invests in its debtor company?

<p>Liquidate its investment in that AIF scheme within 30 days (D)</p> Signup and view all the answers

Which of the following is excluded from the definition of downstream investments?

<p>Equity shares of the debtor company (C)</p> Signup and view all the answers

Which entities are specifically mentioned as being applicable under the regulations for AIF investments?

<p>Commercial Banks, Co-operative Banks, and Financial Institutions (A)</p> Signup and view all the answers

What is the primary regulatory concern that has led to the restrictions on AIF investments by regulated entities?

<p>Possible evergreening of loans through AIFs (B)</p> Signup and view all the answers

What must an AIF do to remain compliant if it has upstream investments from a regulated entity?

<p>Ensure no downstream investments are made in companies linked to the regulated entity (A)</p> Signup and view all the answers

What does the RBI's directive specifically require from regulated entities regarding AIFs they are already invested in?

<p>Liquidate existing investments with downstream implications (D)</p> Signup and view all the answers

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