RBI Financial Guidelines Quiz

The Financial Inclusion Index (FI-Index) is a comprehensive measure of financial inclusion, ranging from 0 to 100, with 0 representing complete financial exclusion and 100 indicating full financial inclusion. It consists of three main parameters: Access (35%), Usage (45%), and Quality (20%). The FI-Index improved from 56.4 in March 2022 to in March 2023, reflecting deepening financial inclusion.

• 59.7

• 60.1

• 61.2

• 63.1

RBI has recently revised the definition of 'Bulk deposits' accepted by the banks. As per the revised guidelines, the term 'Bulk Deposit' would now mean Single Rupee term deposits of Rs. crore and above for Scheduled Commercial Banks (excluding RRBs) and Small Finance Banks and Single Rupee term deposits of Rs. crore and above for Local Area Banks as applicable in case of Regional Rural Banks.

• 2 ; 1

• 3 ; 1

• 3 ; 2

• 5 ; 2

To improve flow of credit during their 'life cycle' to MSE sector, RBI in the revised guidelines, has advised that banks shall review and tune their lending policies to the MSE sector by incorporating therein provisions so as to facilitate timely and adequate availability of credit to viable MSE borrowers especially during the need of funds in unforeseen circumstances. As per the guidelines, timeline for credit decisions for loans up to Rs.25 lakh to units in the MSE segment shall not be more than working days.

• 7

• 14

• 21

• 24

As per RBI's revised guidelines, Banks shall put in place a Credit Proposal Tracking System (CPTS)/ equivalent tracking mechanism to facilitate central registration and a system of e-tracking of all MSME loan applications. Further, banks shall monitor the loan application disposal process and pendency beyond sanction time norms at appropriate levels on a--------basis. The position in this regard shall be displayed by banks on their websites within one month from the end of the preceding quarter.

• weekly

• fortnightly

• monthly

• quarterly

As the Reserve Bank approaches its centenary year, RBI@100, Governor Shaktikanta Das has announced a multi-year plan encompassing a broad spectrum of initiatives designed to position the RBI as a global leader, deepen financial inclusion, and modernize India's financial sector. RBI has drawn up strategies consisting of aspirational goals towards positioning the Reserve Bank as a model central bank of the global south and aimed at transforming India's financial landscape.

• Eight

• Ten

• Fourteen

• Twenty

RBI has initiated the setting up of ----- to contain information on Indian FinTech Sector with the aim to capture essential information about FinTech entities, their activities, technology uses, for a better understanding of the sector from a regulatory perspective and facilitate in designing appropriate policy approaches.

• The Fintech Repository

• Fintech Repository scheme

• Fintech on-line Portal

• Fintech Repository Portal.

To boost participation of small investors in the securities market, Sebi has increased the threshold for the basic service Demat account to Rs. ….. lakh from current Rs.2 lakh w.e.f Sept. 1, 2024.

• 5

• 7.5

• 10

• 15

Full Fledged Money Changers (FFMCs)/non-bank Authorised Dealers (ADs) Category-II may obtain their normal business requirements of foreign currency notes from other FFMCs and Authorised Dealers (ADs) in India. In this regard, RBI has decided that from July 1, 2024, value of foreign currency notes sold by FFMCs / non-bank ADs Category -II to the public for permitted purposes should not be less than % of the value of foreign currency notes purchased from other FFMCs/ ADs, on a quarterly basis.

• 50

• 60

• 75

• 90

RBI has decided that Full Fledged Money Changers/non- bank ADs Category-II shall submit their annual audited balance sheet to the concerned Regional Office of the Reserve Bank along with a certificate from their statutory auditors regarding the NOF as on the date of the balance sheet, latest by ….of the year concerned.

• June 30.

• October 31

• September 31

• December 30

Public Sector Banks reforms agenda for FY 2024-25, EASE 7.0, was unveiled on 25-04-2024 at an event of Indian Banks' Association with the …… following theme:

• Economic Development; Customer Delight; Resilient Banking

• Delivering excellence in customer service with digital enablement and analytics-driven business improvement.

• Tech-enabled, simplified, collaborative banking and at institutionalising clean and smart banking.

• Tech- enabled agriculture lending, EASE Banking Outlets etc.

• None of the above.