20 Questions
What is the contingency risk buffer maintained by the Reserve Bank of India for the year 2022-23?
6%
What was the estimated surplus from the central bank, public sector banks, and financial institutions for the current year according to the Union Budget?
Rs 48,000 crore
What is the reason cited by the Reserve Bank of India for withdrawing the Rs 2,000 currency note from circulation?
Clean Note Policy
What is the amount of the 14-day VRR auction to be held by the RBI until September 30?
Rs 50,000 crore
According to RBI data, what was the YoY growth of bank credit to micro, small enterprises in March?
14%
According to the Reserve Bank of India (RBI), what is the validity period of the payment acceptance scheme?
3 years
What is the primary focus of the RBI's payment acceptance scheme?
Tier-3 to Tier-6 centres
Under the RBI's payment acceptance scheme, which category of merchants will be given special focus in Tier-1 and Tier-2 centres?
Street vendors
What is the target number of touch points the RBI aims to add every year under the payment acceptance scheme?
10 lakh
Who are the target merchants under the RBI's payment acceptance scheme?
Merchants with no payment acceptance devices
Which ministry is responsible for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?
Ministry of Finance
What is the target coverage of the PMJJBY?
15 crore beneficiaries
What is the premium amount for the PMJJBY per annum per member?
₹436
What is the age group of people eligible for the PMJJBY?
18 to 50 years
What is the risk coverage amount in case of death for any reason under the PMJJBY?
₹2 lakh
Which ministry is responsible for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?
Ministry of Finance
What is the eligibility criteria for joining the PMJJBY?
Must be between 18 to 50 years old and have a savings bank or post office account
What is the annual premium amount for the PMJJBY?
₹436
What is the risk coverage amount in case of death for any reason under the PMJJBY?
₹2 lakh
What is the target coverage of the PMJJBY?
15 crore beneficiaries
Test your knowledge on the Reserve Bank of India's recent approval for NBFC Profectus Capital to provide factoring services to MSMEs. Learn about the surplus transfer to the government and the contingency risk buffer set by the RBI for 2022-23. Explore the Union Budget's estimation of surplus from the central bank and financial institutions.
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