Banking economy part 2 BARODA ACADEMY AHMEDABAD

The Reserve Bank of India will be among 13 international regulators taking part in the GFIN‟s first ever Green washing TechSprint. Full form of GFIN is _______

• Global Finance Innovation National
• Global Fintech Innovation Network
• Goodwin Financial Network
• Global Financial Innovation Network

Answer explanation

Jupiter is a gas giant made primarily of hydrogen and helium. Unlike terrestrial planets that have solid surfaces, gas giants like Jupiter don't have a well-defined solid surface, allowing them to accumulate more mass in a gaseous form. This composition has allowed Jupiter to grow significantly larger than planets with solid surfaces.

______ is the process of conveying a false impression or misleading information about how a company‟s products are environmentally sound. It involves making misleading, unsubstantiated, or otherwise incomplete claims about the sustainability of a product, service, or business operation

• Greenwashing
• Green Hushing
• Greentech
• Greenflez

As per the Annual Report and accounts of the Reserve Bank for the accounting year 2022-23, RBI has maintained the contingency risk buffer 50 basis points higher at _____ per cent for the yea

• 5
• 5.5
• 6
• 6.5

_________ refers to any wire transfer where the ordering financial institution and beneficiary financial institution are located in different countries. This term also refers to any chain of wire transfer in which at least one of the financial institutions involved is located in a different country

• Cross-border wire transfer
• Domestic wire transfer
• eMerchantpay
• Cross border micropay

Starting from May 1, 2023, businesses with an annual turnover of Rs. ____ crore or more will be required to abide by a new GST rule. This rule mandates the uploading of electronic invoices on the Invoice Registration Portal (IRP) within _____days of their issue

• 100;7
• 75;5
• 50;7
• 25;5

To reduce the burden on debt recovery tribunals (DRTs), the finance ministry has asked public sector banks (PSBs) to go for one time settlement (OTS) of loan default cases ranging between Rs 20 lakh and Rs. _________, with the mutual consent of borrowers

• 25 lacs
• 50 lacs
• 75 lacs
• 100 lacs

Government has capped the amount of interest subvention at Rs. ____ crore per IEC (import-export code) holder in one financial year. Exporters get subsidies under the 'Interest Equalisation Scheme for pre and post-shipment Rupee Export Credit'. All disbursements made from April 1, 2023, shall be counted for an IEC for the current financial year. The interest equalisation rates under the scheme have been revised to 2%. (3% for specified categories of MSME manufacturer exporters)

• 2
• 5
• 7.5
• 10

The Finance Ministry has issued a notification stating that businesses with a turnover of Rs. ____ crore or more will be required to adopt e-invoicing from August 1, whereas the current threshold stands at Rs.10 crore

• 3
• 5
• 6
• 8

From July 1, 2023, individuals conducting international transactions using debit or credit cards up to Rs. _____ lakh, will be exempted from the 20 percent TCS levy. This exemption will also exclude these transactions from the LRS limit of $250,000 per annum

• 5
• 7
• 10
• 20

As per new invoicing rule of GST, from May 01 2023, every assesses with a turnover of Rs.100 crore or more is prohibited from reporting invoices that are more than ________ days old on the date of reporting. This comes in response to the current rules that allowed businesses to upload such invoices on Invoice Registration Portal on the current date, irrespective of the date of issue

• 5
• 7
• 10
• 15