Quiz on Latest Financial News

The Reserve Bank of India has decided that all domestic term deposits accepted from individuals for amount of Rupees _________ and below shall have premature-withdrawal-facility

• 15 Lakhs

• 25 Lakhs

• 50 Lakhs

• 100 Lakhs

What is regulatory sandbox?

• Framework set up by SEBI to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

• Framework set up by RBI to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

• Framework set up by Central Government to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

• Framework set up by NPCI to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

What is the full form of ONDC?

• Open Network for Digital Commerce

• Online Network for Digital Commerce

• Open Network for Digital Collaboration

• Online Network for Digitalization of Commerce

Which of the following website/platform/entity of RBI is related to IT and cyber security needs and is set up to ensure cyber resilience of Indian banking?

• FinTech

• Sachet

• ReBIT

• DBIE

How many Executive Directors does Reserve Bank of India have at present?

• 1

• 4

• 5

• 11

• 16

Which is the fifth bank to fail in United States of America in the year 2023?

• First Republic Bank

• Citizens Bank

• Signature Bank

• Heartland Tri-State Bank

CAFRAL is an independent body set up by the RBI for research and learning in banking and finance. What is the full name of CAFRAL?

• Centre for Advanced Financial Research and Learning

• Committee for Advanced Financial Research and Linkage

• Conference for Advanced Financial Research and Listing

• Consortium Advanced Financial Research and Learning

As per Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices, __________ refers to user who, by virtue of function, and/or role, has been allocated powers within an information system, which are significantly greater than those available to the majority of users.

• Privileged User

• Master user

• Preferred User

• Crowned User

With a view to provide benefits and offerings to our customers who are not mapped under radiance category but holding deposits relationship with us valuing Rs. 10 lakh and above, our Bank has decided to provide them tiered benefits after classifying them into three categories based on CASA Quarterly Average Balance. Which of the following is NOT one of the category

• Rise

• Shine

• Sparkle

• Star

FACE is a not-for-profit organisation to voice the common concerns of Consumer Lending FinTech companies with regulators, media, listing or distribution platforms (like Google Play Store) and other external stakeholders. What is the full form of FACE?

• Financial Association (against) Consumer Exploitation

• Finance Accreditor for Consumer Enlightenment

• Finance-inclined Association of Consumer Education

• Fintech Association for Consumer Empowerment