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

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

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

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

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

How many UNESCO World Heritage sites are currently in India?

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

Where is the Gingee Fort located?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<p>40% (B)</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 (D)</p> Signup and view all the answers

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

<p>14% (C)</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 (D)</p> Signup and view all the answers

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

<p>2024 (D)</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 (B)</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 (B)</p> Signup and view all the answers

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

<p>Rajay Kumar Sinha (D)</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 (C)</p> Signup and view all the answers

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