RBI Approvals
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Questions and Answers

What is the contingency risk buffer maintained by the Reserve Bank of India for the year 2022-23?

  • 4%
  • 5%
  • 6% (correct)
  • 7%

    • 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 (correct)
  • Rs 55,000 crore
  • Rs 52,000 crore
  • Rs 50,000 crore

    • What is the reason cited by the Reserve Bank of India for withdrawing the Rs 2,000 currency note from circulation?

  • Surplus transfer to the government
  • Contingency risk buffer
  • Demonetization exercise in 2016
  • Clean Note Policy (correct)

    • What is the amount of the 14-day VRR auction to be held by the RBI until September 30?

    <p>Rs 50,000 crore</p> Signup and view all the answers

    According to RBI data, what was the YoY growth of bank credit to micro, small enterprises in March?

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

    According to the Reserve Bank of India (RBI), what is the validity period of the payment acceptance scheme?

    <p>3 years</p> Signup and view all the answers

    What is the primary focus of the RBI's payment acceptance scheme?

    <p>Tier-3 to Tier-6 centres</p> Signup and view all the answers

    Under the RBI's payment acceptance scheme, which category of merchants will be given special focus in Tier-1 and Tier-2 centres?

    <p>Street vendors</p> Signup and view all the answers

    What is the target number of touch points the RBI aims to add every year under the payment acceptance scheme?

    <p>10 lakh</p> Signup and view all the answers

    Who are the target merchants under the RBI's payment acceptance scheme?

    <p>Merchants with no payment acceptance devices</p> Signup and view all the answers

    Which ministry is responsible for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

    <p>Ministry of Finance</p> Signup and view all the answers

    What is the target coverage of the PMJJBY?

    <p>15 crore beneficiaries</p> Signup and view all the answers

    What is the premium amount for the PMJJBY per annum per member?

    <p>₹436</p> Signup and view all the answers

    What is the age group of people eligible for the PMJJBY?

    <p>18 to 50 years</p> Signup and view all the answers

    What is the risk coverage amount in case of death for any reason under the PMJJBY?

    <p>₹2 lakh</p> Signup and view all the answers

    Which ministry is responsible for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

    <p>Ministry of Finance</p> Signup and view all the answers

    What is the eligibility criteria for joining the PMJJBY?

    <p>Must be between 18 to 50 years old and have a savings bank or post office account</p> Signup and view all the answers

    What is the annual premium amount for the PMJJBY?

    <p>₹436</p> Signup and view all the answers

    What is the risk coverage amount in case of death for any reason under the PMJJBY?

    <p>₹2 lakh</p> Signup and view all the answers

    What is the target coverage of the PMJJBY?

    <p>15 crore beneficiaries</p> Signup and view all the answers

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