RBI Act 1934 Revision for UCBs
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Questions and Answers

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

  • Highlighting the history of Indian forts
  • Overcoming obstacles in the adoption of LNG (correct)
  • Promoting tourism in Maharashtra and Tamil Nadu
  • Exploring alternative fuel sources
  • Which category does the 'Maratha Military Landscapes' fall under for the UNESCO World Heritage listing?

  • Modern Architecture
  • Natural Wonders
  • Cultural Sites (correct)
  • Historic Battlefields
  • Where are the 12 forts of the 'Maratha Military Landscapes' located?

  • Maharashtra and Tamil Nadu (correct)
  • Kerala and Karnataka
  • Delhi and Rajasthan
  • Uttar Pradesh and Bihar
  • What aspect of Maratha rule do the forts of 'Maratha Military Landscapes' highlight?

    <p>Strategic military prowess</p> Signup and view all the answers

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

    <p>2024-25</p> Signup and view all the answers

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

    <p>To enhance financial stability, governance, and regulatory framework</p> Signup and view all the answers

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

    <p>At least 3%</p> Signup and view all the answers

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

    <p>Licensed Tier 3 and Tier 4 UCBs</p> Signup and view all the answers

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

    <p>Challenges emerged with Tier 3 and 4 UCBs in meeting financial thresholds</p> Signup and view all the answers

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

    <p>There should be no major issues flagged by RBI</p> Signup and view all the answers

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

    <p>2013 circular</p> Signup and view all the answers

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

    <p>Raigad Fort</p> Signup and view all the answers

    How many UNESCO World Heritage sites are currently in India?

    <p>42 sites in total</p> Signup and view all the answers

    Where is the Gingee Fort located?

    <p>Tamil Nadu</p> Signup and view all the answers

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

    <p>Reddish dwarf star</p> Signup and view all the answers

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

    <p>TOI-715 b</p> Signup and view all the answers

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

    <p>Victoria Terminus</p> Signup and view all the answers

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

    <p>44%</p> Signup and view all the answers

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

    <p>Fish</p> Signup and view all the answers

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

    <p>51%</p> Signup and view all the answers

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

    <p>40%</p> Signup and view all the answers

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

    <p>White-tailed sea eagle</p> Signup and view all the answers

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

    <p>14%</p> Signup and view all the answers

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

    <p>From 15 days to 30 days</p> Signup and view all the answers

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

    <p>2024</p> Signup and view all the answers

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

    <p>Insurers will collect bank details for electronic refunds and claims</p> Signup and view all the answers

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

    <p>Member (Finance &amp; Investment) of IRDAI</p> Signup and view all the answers

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

    <p>Rajay Kumar Sinha</p> Signup and view all the answers

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

    <p>To implement Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS) in insurance sector</p> Signup and view all the answers

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