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Questions and Answers
What type of data does the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) primarily collect?
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?
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?
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?
What is the fixed spread associated with the Government of India Floating Rate Bond 2028’s interest rate?
How often has the RBI conducted the OBICUS since its inception in 2008?
How often has the RBI conducted the OBICUS since its inception in 2008?
The benchmark rate for the Floating Rate Bond may vary based on which of the following?
The benchmark rate for the Floating Rate Bond may vary based on which of the following?
Which of the following factors does NOT influence the changes in production during the survey period as per OBICUS?
Which of the following factors does NOT influence the changes in production during the survey period as per OBICUS?
What is a characteristic feature of Floating Rate Bonds like the Government of India Floating Rate Bond 2028?
What is a characteristic feature of Floating Rate Bonds like the Government of India Floating Rate Bond 2028?
What significant event is marked by 1st April 2024?
What significant event is marked by 1st April 2024?
Which feature distinguishes the commemorative coin released for RBI's 90th anniversary?
Which feature distinguishes the commemorative coin released for RBI's 90th anniversary?
What is the current status of India's foreign exchange reserves as of the announcement?
What is the current status of India's foreign exchange reserves as of the announcement?
What initiative has contributed to resolving significant default loan amounts in India?
What initiative has contributed to resolving significant default loan amounts in India?
According to recent announcements, what percentage of Jan Dhan accounts belong to women?
According to recent announcements, what percentage of Jan Dhan accounts belong to women?
What does the Lion Capital of the Ashoka Pillar symbolize on the commemorative coin?
What does the Lion Capital of the Ashoka Pillar symbolize on the commemorative coin?
How much capital infusion was undertaken to assist public sector banks?
How much capital infusion was undertaken to assist public sector banks?
Which of the following statements about Gross NPAs of banks is correct?
Which of the following statements about Gross NPAs of banks is correct?
What is the minimum paid-up voting equity capital required for a universal bank under the RBI guidelines?
What is the minimum paid-up voting equity capital required for a universal bank under the RBI guidelines?
Which of the following companies was found unsuitable for granting approval to set up a small finance bank?
Which of the following companies was found unsuitable for granting approval to set up a small finance bank?
What percentage of total paid-up capital did the reported NGNF companies account for in March 2023?
What percentage of total paid-up capital did the reported NGNF companies account for in March 2023?
What was the increase in net sales of NGNF private limited companies during 2022-23?
What was the increase in net sales of NGNF private limited companies during 2022-23?
According to RBI guidelines, what is the initial net worth requirement for urban co-operative banks transitioning into small finance banks?
According to RBI guidelines, what is the initial net worth requirement for urban co-operative banks transitioning into small finance banks?
What was the increase in operating expenses for NGNF private limited companies in 2022-23?
What was the increase in operating expenses for NGNF private limited companies in 2022-23?
What is the primary focus of the 2024-25 Monetary Policy Statement?
What is the primary focus of the 2024-25 Monetary Policy Statement?
How many applications did RBI receive for setting up banks under the guidelines?
How many applications did RBI receive for setting up banks under the guidelines?
What was the percentage growth in operating expenses in the previous year prior to 2022-23?
What was the percentage growth in operating expenses in the previous year prior to 2022-23?
Which of the following rates remained unchanged in the policy statement?
Which of the following rates remained unchanged in the policy statement?
What is the current value of the Standing Deposit Facility Rate as per the policy?
What is the current value of the Standing Deposit Facility Rate as per the policy?
Which policy variable is associated with the value of 6.75%?
Which policy variable is associated with the value of 6.75%?
What does the term 'withdrawal of accommodation' imply in the context of monetary policy?
What does the term 'withdrawal of accommodation' imply in the context of monetary policy?
What is the primary purpose of the Centralised Information Management System (CIMS) Portal?
What is the primary purpose of the Centralised Information Management System (CIMS) Portal?
When will banks begin submitting the monthly Form VIII Return on the CIMS Portal?
When will banks begin submitting the monthly Form VIII Return on the CIMS Portal?
What is one of the features of the CIMS Portal mentioned?
What is one of the features of the CIMS Portal mentioned?
Which return is specifically related to details about paid-up capital and reserves?
Which return is specifically related to details about paid-up capital and reserves?
What significant change was made regarding the submission of regulatory returns?
What significant change was made regarding the submission of regulatory returns?
What aspect of the CIMS Portal is designed to reduce regulatory compliance burden?
What aspect of the CIMS Portal is designed to reduce regulatory compliance burden?
Which of the following statements about the new RBI website is correct?
Which of the following statements about the new RBI website is correct?
By when are banks required to use the CIMS Portal exclusively for Form IX submissions?
By when are banks required to use the CIMS Portal exclusively for Form IX submissions?
What is the projected real GDP growth for India in 2024-25?
What is the projected real GDP growth for India in 2024-25?
Which measure is aimed at supporting CPI inflation while promoting growth?
Which measure is aimed at supporting CPI inflation while promoting growth?
What was the all-time high of India's foreign exchange reserves as of March 29, 2024?
What was the all-time high of India's foreign exchange reserves as of March 29, 2024?
What was the level of net foreign portfolio investment (FPI) inflows during 2023-24?
What was the level of net foreign portfolio investment (FPI) inflows during 2023-24?
What was the CPI inflation rate during January-February 2024?
What was the CPI inflation rate during January-February 2024?
Which event occurred in January 2023 related to financial markets in India?
Which event occurred in January 2023 related to financial markets in India?
What was the net foreign direct investment (FDI) in April-January 2023-24?
What was the net foreign direct investment (FDI) in April-January 2023-24?
How is the Current Account Deficit projected to be within 2024-25?
How is the Current Account Deficit projected to be within 2024-25?
What is the main purpose of SGRBs?
What is the main purpose of SGRBs?
Which of the following characteristics does NOT apply to SGRBs?
Which of the following characteristics does NOT apply to SGRBs?
What does the RBI Retail Direct Scheme allow individual investors to do?
What does the RBI Retail Direct Scheme allow individual investors to do?
Which aspect of the LCR framework requires banks to maintain HQLA?
Which aspect of the LCR framework requires banks to maintain HQLA?
What new facility is proposed for enabling the UPI cash deposit?
What new facility is proposed for enabling the UPI cash deposit?
Under the new regulations for Small Finance Banks, which of the following is now permitted?
Under the new regulations for Small Finance Banks, which of the following is now permitted?
What is the intended benefit of allowing PPIs to link with third-party UPI applications?
What is the intended benefit of allowing PPIs to link with third-party UPI applications?
What was introduced in the RBI Retail Direct Scheme for better access?
What was introduced in the RBI Retail Direct Scheme for better access?
What does the government aim to achieve by issuing SGRBs?
What does the government aim to achieve by issuing SGRBs?
Which of the following statements about UPI usage for cash withdrawals is true?
Which of the following statements about UPI usage for cash withdrawals is true?
What is a required characteristic of a Self-Regulatory Organization (SRO)?
What is a required characteristic of a Self-Regulatory Organization (SRO)?
What is not an objective of an SRO?
What is not an objective of an SRO?
What should SROs establish to address violations by members?
What should SROs establish to address violations by members?
Which of the following is a responsibility of the SRO towards its members?
Which of the following is a responsibility of the SRO towards its members?
Which of these aspects is essential for SRO governance?
Which of these aspects is essential for SRO governance?
How should SROs handle disputes among members?
How should SROs handle disputes among members?
What should SROs not focus on for improving their members' adherence?
What should SROs not focus on for improving their members' adherence?
What type of information should an SRO collect and share?
What type of information should an SRO collect and share?
Which of the following is true about the membership of SROs?
Which of the following is true about the membership of SROs?
What is required from regulated entities unable to liquidate their investments within the prescribed 30 days?
What is required from regulated entities unable to liquidate their investments within the prescribed 30 days?
Under what condition will investments in subordinated units of an AIF not require a deduction from capital funds?
Under what condition will investments in subordinated units of an AIF not require a deduction from capital funds?
Which of the following best defines 'Evergreening' in the banking context?
Which of the following best defines 'Evergreening' in the banking context?
What percentage of capital is proposed to be deducted from Tier-1 and Tier-2 equally?
What percentage of capital is proposed to be deducted from Tier-1 and Tier-2 equally?
What does the Omnibus Framework for recognising Self-Regulatory Organisations (SROs) not specify?
What does the Omnibus Framework for recognising Self-Regulatory Organisations (SROs) not specify?
What is the main objective of the RBI's decision regarding AIF investments?
What is the main objective of the RBI's decision regarding AIF investments?
Which type of AIF exposure is explicitly excluded from the RBI's capital deduction requirements?
Which type of AIF exposure is explicitly excluded from the RBI's capital deduction requirements?
What is the primary focus of the RBI's Omnibus Framework for SRO recognition?
What is the primary focus of the RBI's Omnibus Framework for SRO recognition?
In the context of AIFs, what does 'downstream exposure' refer to?
In the context of AIFs, what does 'downstream exposure' refer to?
What is a regulated entity prohibited from doing with respect to AIF schemes?
What is a regulated entity prohibited from doing with respect to AIF schemes?
What qualifies a company as a debtor company under the regulations for AIF investments?
What qualifies a company as a debtor company under the regulations for AIF investments?
What action must a regulated entity take if it is invested in an AIF that subsequently invests in its debtor company?
What action must a regulated entity take if it is invested in an AIF that subsequently invests in its debtor company?
Which of the following is excluded from the definition of downstream investments?
Which of the following is excluded from the definition of downstream investments?
Which entities are specifically mentioned as being applicable under the regulations for AIF investments?
Which entities are specifically mentioned as being applicable under the regulations for AIF investments?
What is the primary regulatory concern that has led to the restrictions on AIF investments by regulated entities?
What is the primary regulatory concern that has led to the restrictions on AIF investments by regulated entities?
What must an AIF do to remain compliant if it has upstream investments from a regulated entity?
What must an AIF do to remain compliant if it has upstream investments from a regulated entity?
What does the RBI's directive specifically require from regulated entities regarding AIFs they are already invested in?
What does the RBI's directive specifically require from regulated entities regarding AIFs they are already invested in?
Flashcards
RBI 90th Anniversary
RBI 90th Anniversary
Reserve Bank of India (RBI) commemorating 90 years of operations since April 1, 1935.
RBI Headquarters
RBI Headquarters
Initially in Kolkata, later moved to Mumbai in 1937.
OBICUS
OBICUS
Order Books, Inventories, and Capacity Utilisation Survey, a quarterly manufacturing sector survey initiated in 2008 by the RBI.
65th OBICUS Round
65th OBICUS Round
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Government of India Floating Rate Bond 2028
Government of India Floating Rate Bond 2028
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Small Finance Banks Licensing
Small Finance Banks Licensing
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Gross Non-Performing Assets (NPAs)
Gross Non-Performing Assets (NPAs)
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Jan Dhan Accounts
Jan Dhan Accounts
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Kisan Credit Card
Kisan Credit Card
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UPI transactions
UPI transactions
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Foreign Exchange Reserves
Foreign Exchange Reserves
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CPI Inflation Target
CPI Inflation Target
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SGRBs
SGRBs
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Retail Direct Scheme
Retail Direct Scheme
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AIF Regulation
AIF Regulation
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SRO Framework
SRO Framework
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SRO Objectives
SRO Objectives
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SRO Membership
SRO Membership
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CIMS Portal
CIMS Portal
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NGNF companies
NGNF companies
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Monetary Policy Statement
Monetary Policy Statement
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RBI
RBI
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Study Notes
RBI Commemorates its 90th Year
- The Reserve Bank of India (RBI) began operations on April 1, 1935, after being established under the RBI Act, 1934.
- Initially headquartered in Kolkata, the RBI moved its Central Office to Mumbai in 1937.
- "RBI@90" is a program celebrating 90 years of the RBI, with a commemorative Rs 90 coin released.
- The commemorative coin is made of 99.99% pure silver, weighs around 40 grams, and features the Lion Capital of the Ashoka Pillar with "Satyamev Jayate" engraved below.
- As of April 2024, RBI’s establishment marks a significant milestone in India's economic landscape.
Key Economic Highlights
- India contributes 15% to global GDP growth, positioning itself as an engine of global economic activity.
- Public sector banks received a capital infusion of ₹3.5 lakh crore.
- The Insolvency and Bankruptcy Code (IBC) has resolved loans worth ₹3.25 lakh crore, facilitating the resolution of over 27,000 default applications.
- Gross Non-Performing Assets (NPAs) of banks dropped from 11.25% in 2018 to below 3% by September 2023, with a 15% increase in credit reported.
- Women hold 55% of the 52 crore Jan Dhan accounts in India, highlighting increased financial inclusion.
- The Kisan Credit Card program has reached over 7 crore farmers, improving rural financial accessibility.
- Unified Payments Interface (UPI) transactions surpassed 1200 crores monthly, establishing it as a global leader.
- India's foreign exchange reserves stand at approximately $642 billion, ranking fourth globally behind China, Japan, and Switzerland.
Order Books, Inventories and Capacity Utilisation Survey (OBICUS)
- RBI conducts the OBICUS quarterly for the manufacturing sector, collecting data since 2008.
- The 65th round of this survey covers the period from January to March 2024.
Government of India Floating Rate Bond 2028
- The interest rate for the Government of India Floating Rate Bond 2028 is set at 7.72% per annum for the period April 2024 to October 2024.
- The floating rate is based on the average of the last three auctions of 182 Day T-Bills with a fixed spread of 0.64%.
Licensing of Small Finance Banks
- RBI received 13 applications for bank licenses under the 'on tap' framework for Universal and Small Finance Banks.
- Two proposed applicants, Dvara Kshetriya Gramin Financial Services and Tally Solutions, were not approved for setting up a small finance bank.
Financial Performance of Non-Government Non-Financial Companies (NGNF)
- RBI's analysis of NGNF private limited companies for 2022-2023 reveals paid-up capital of ₹6.61 lakh crore, accounting for 34.2% of all NGNF paid-up capital.
- Net sales increased by 20.3% in 2022-23, following a 30.5% growth in the previous year.
- Operating expenses rose by 20.4% during the same period after a previous 33.4% increase.
Centralised Information Management System (CIMS) Portal
- CIMS, launched in 2023, replaces the XBRL system for regulatory submissions by banks.
- It establishes a centralized platform for regulatory and supervisory return submissions, enhancing data accessibility and compliance efficiency.
Monetary Policy Statement, April 2024
- Key repo rate and standing deposit facility rates remain unchanged at 6.50% and 6.25% respectively.
- CPI inflation target remains within a band of +/- 2%, aiming for a medium-term target of 4%.
Sovereign Green Bonds (SGRBs)
- SGRBs fund projects advancing India's transition to a low-carbon economy and are open to foreign investment through IFSC.
- The framework for SGRBs was issued in 2022 to encourage climate-friendly investments.
Retail Direct Scheme
- Launched in November 2021, the RBI Retail Direct Scheme allows individual investors to maintain gilt accounts and invest in government securities.
- A mobile application is being developed to enhance access to government securities.
Regulatory Oversight on Alternative Investment Funds (AIFs)
- RBI prohibits regulated entities from investing in AIFs with downstream investments in their debtor companies.
- Established guidelines aim to avoid indirect exposure to troubled borrowers and ensure transparency and accountability in lending practices.
Omnibus Framework for Self-Regulatory Organisations (SROs)
- An Omnibus Framework has been introduced to recognise SROs for RBI-regulated entities to enhance industry standards and self-regulation practices.### SRO Framework Overview
- Objectives, responsibilities, eligibility criteria, governance standards, application process, and membership criteria are common for any Self-Regulatory Organization (SRO) proposed for recognition by the Reserve Bank of India (RBI).
- SROs play a crucial role in enhancing regulatory compliance and fostering sustainable sector development.
Characteristics of an SRO
- Credibility, Objectivity, and Responsibility: SROs must operate credibly and objectively, enhancing regulatory compliance under regulator oversight.
- Sufficient Authority: Strong governance mechanisms are essential, emphasizing independent boards, transparency, and defined processes through membership agreements.
Membership Details
- Membership includes regulated entities (REs) that accept membership within the SRO framework.
Rule Making and Enforcement
- SROs should establish objective, consultative processes for rule-making related to member conduct, ensuring enforcement of these rules.
- Clear standards of conduct must be set, specifying consequences for rule violations, including counseling, reprimanding, and expulsion, without involving monetary penalties.
Compliance and Dispute Resolution
- SROs need to develop standards that enhance the compliance culture among members concerning RBI's rules and regulations.
- They should implement procedures for dispute resolution among members, emphasizing transparency and consistency in arbitration processes.
- Effective sector monitoring through suitable surveillance methods is vital.
Objectives of the SRO
- Promote Compliance Culture: Foster progressive practices and provide guidance for smaller entities while sharing best practices aligned with regulatory policies.
- Collective Voice: Represent members' interests and address industry-wide concerns to improve the financial system.
- Data Sharing: Collect and share relevant sectoral information with the RBI to support policymaking, encouraging innovation and product development within regulations.
- Research and Development: Encourage innovation while maintaining high compliance standards and promoting self-governance within the sector.
Responsibilities Toward Members
- Code of Conduct: Develop and enforce a code of conduct for members, monitoring adherence to regulatory instructions.
- Membership Fee Structure: Create a uniform, reasonable, and non-discriminatory fee structure for membership.
- Dissemination of Information: Provide sector-specific information through various publications to raise awareness among members about industry matters.
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Description
Test your knowledge about the Reserve Bank of India's history and its significant milestones over the past 90 years. This quiz covers key facts about its establishment, leadership, and relocation. Discover how the RBI has shaped India's financial landscape since its inception.
