RBI Act 1934 Revision for UCBs

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What is the focus of the proposed roadmap mentioned in the text?

Overcoming obstacles in the adoption of LNG

Which category does the 'Maratha Military Landscapes' fall under for the UNESCO World Heritage listing?

Cultural Sites

Where are the 12 forts of the 'Maratha Military Landscapes' located?

Maharashtra and Tamil Nadu

What aspect of Maratha rule do the forts of 'Maratha Military Landscapes' highlight?

Strategic military prowess

What year has been targeted for the UNESCO World Heritage listing of 'Maratha Military Landscapes'?

2024-25

What is the objective of the revision of the regulatory framework for UCBs?

To enhance financial stability, governance, and regulatory framework

What must UCBs maintain in terms of Capital to Risk-Weighted Assets Ratio (CRAR) according to the revised framework?

At least 3%

Which UCBs must meet RBI's Financially Sound and Well Managed (FSWM) criteria?

Licensed Tier 3 and Tier 4 UCBs

What was the reason behind updating the criteria for categorizing UCBs as FSWM?

Challenges emerged with Tier 3 and 4 UCBs in meeting financial thresholds

What must be the status of major issues flagged by RBI for inclusion of UCBs?

There should be no major issues flagged by RBI

Previously, what circular determined the eligibility for inclusion in the Second Schedule?

2013 circular

Which of the following is NOT a UNESCO World Heritage Site in Maharashtra?

Raigad Fort

How many UNESCO World Heritage sites are currently in India?

42 sites in total

Where is the Gingee Fort located?

Tamil Nadu

What type of star does TOI-715 b orbit around?

Reddish dwarf star

Which planet is approximately one and a half times wider than Earth?

TOI-715 b

Which fort is not listed among the UNESCO Heritage Sites in Maharashtra?

Victoria Terminus

What percentage of migratory species listed under CMS are currently experiencing population declines?

44%

Which group of species faces extinction threats according to the report?

Fish

How many Key Biodiversity Areas (KBAs) lack protected status?

51%

What percentage of globally threatened mammals are listed under the convention?

40%

Which migratory species showed improvement between 1988 and 2020 according to the report?

White-tailed sea eagle

What percentage of CMS-listed bird species are assessed as threatened?

14%

What is the proposed extension of the free-look period for insurance policies?

From 15 days to 30 days

In which year are the IRDAI Regulations proposing the extension of the free-look period?

2024

What change is included regarding bank details in the extended free-look period draft?

Insurers will collect bank details for electronic refunds and claims

Who will chair the reconstituted Expert Committee on the implementation of Ind AS and IFRS in the insurance sector?

Member (Finance & Investment) of IRDAI

Which individual is currently serving as the Member (Finance & Investment) of IRDAI?

Rajay Kumar Sinha

What is the purpose of reconstituting the Expert Committee by IRDAI?

To implement Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS) in insurance sector

Test your knowledge on the revision under clause (a) of sub-section (6) of section 42 of the RBI Act, 1934, focusing on enhancing financial stability, governance, and regulatory framework for Urban Cooperative Banks (UCBs). Explore the key revised norms related to maintaining Capital to Risk-Weighted Assets Ratio (CRAR) and more.

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