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Reserve Bank of India Remuneration Policy Update

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Questions and Answers

What was the objective of the campaign mentioned in the text?

To encourage entrepreneurship among students
To promote investment in the stock market
To raise awareness about digital banking
To increase financial literacy among youth (correct)

Which of the following was announced as part of the campaign?

A financial literacy workshop series
A financial literacy essay competition
A financial literacy hackathon
A financial literacy ideathon (correct)

Which of the following topics is NOT mentioned in the list of data releases?

Data on external commercial borrowings
India's invisibles for a quarter
India's international trade in services
Terms of Reference signed between RBI and NRB (correct)

What is the purpose of the list provided in the text?

To provide data release titles and schedules (C) Signup and view all the answers

Which of the following topics is mentioned in the list of data releases?

All-India House Price Index for a quarter (B) Signup and view all the answers

Where can the data releases mentioned in the text be accessed?

<a href="https://mcir.rbi.org.in">https://mcir.rbi.org.in</a> (B) Signup and view all the answers

What is the purpose of integrating UPI of India and NPI of Nepal?

To facilitate cross-border remittances between India and Nepal (B) Signup and view all the answers

Which Indian entities are allowed to act as Trading Members (TMs) or Trading and Clearing Members (TCMs) of IIBX?

Branch/subsidiary/joint venture of an Indian bank in GIFT-IFSC (D) Signup and view all the answers

What is the role of Special Category Client (SCC) of IIBX?

To trade in bullion on IIBX (A) Signup and view all the answers

What is IIBX?

An international bullion exchange located in GIFT-IFSC (A) Signup and view all the answers

What is the purpose of allowing Indian banks to participate in IIBX?

To enable Indian banks to trade in bullion (C) Signup and view all the answers

What is the significance of the Terms of Reference signed between RBI and NRB?

It enables cross-border remittances between India and Nepal (A) Signup and view all the answers

What did the Reserve Bank of India notify on February 15, 2024?

A card network had an arrangement that enabled businesses to make card payments to entities that do not accept card payments (D) Signup and view all the answers

Which of the following concerns were raised regarding the arrangement mentioned?

Both of the above concerns were raised (C) Signup and view all the answers

What was the purpose of the 606th meeting of the Central Board of Directors of the Reserve Bank of India?

To discuss the interim Union Budget 2024-25 and expectations from the financial sector (D) Signup and view all the answers

Who chaired the 606th meeting of the Central Board of Directors of the Reserve Bank of India?

Shri Shaktikanta Das, Governor of RBI (A) Signup and view all the answers

What was the role of Smt. Nirmala Sitharaman in the 606th meeting of the Central Board of Directors?

She highlighted the key thrust areas outlined in the interim Union Budget 2024-25 and the expectations from the financial sector (B) Signup and view all the answers

Based on the information provided, what can be inferred about the participation of Indian banks on the IIBX?

The participation of Indian banks on the IIBX was not mentioned (A) Signup and view all the answers

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