Banking Sector Reforms — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 15 questions available.
Which of the following committees is associated with the first generation of banking sector reforms in India post-1991?
Which of the following statements regarding Payment Banks (PBs) in India is/are correct? 1. PBs can accept demand deposits up to ₹2 lakh per customer. 2. PBs are allowed to undertake lending activities to small businesses. 3. PBs can issue both debit and credit cards. Select the correct answer using the code given below:
Consider the following statements regarding Basel III norms: 1. They introduced new liquidity standards like Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). 2. They mandated a higher minimum Common Equity Tier 1 (CET1) capital requirement compared to Basel II. 3. The Counter-cyclical Capital Buffer (CCyB) is a key component aimed at preventing excessive credit growth. Which of the statements given above are correct?
The National Asset Reconstruction Company Limited (NARCL), often referred to as India's 'bad bank', functions with which of the following primary objectives? 1. To acquire stressed assets (NPAs) from commercial banks. 2. To provide fresh lending to MSMEs and small farmers. 3. To offer 100% cash payment to banks for acquired NPAs. Select the correct answer using the code given below:
Which of the following Acts empowers banks and financial institutions to recover their dues without court intervention by enforcing security interests in cases of default?
The concept of 'Prompt Corrective Action' (PCA) framework for banks in India is primarily aimed at:
Which of the following is NOT a direct outcome of bank nationalization in India?
Consider the following statements regarding the Insolvency and Bankruptcy Code (IBC), 2016: 1. It provides a time-bound process for resolution of insolvency. 2. It applies only to corporate entities and not to individuals. 3. It prioritizes the claims of operational creditors over financial creditors in all cases. Which of the statements given above is/are correct?
Which of the following is a key feature of the RBI's recent guidelines on Climate Risk and Sustainable Finance for banks?
The term 'Core Banking Solution (CBS)' in the context of Indian banking refers to:
Which of the following is a key characteristic of Small Finance Banks (SFBs) in India?
The term 'haircut' in the context of NARCL's functioning refers to:
Which of the following is a primary objective of the recent mega-mergers of Public Sector Banks (PSBs) in India?
The 'Scale Based Regulation (SBR)' framework recently introduced by the RBI is applicable to which of the following financial entities?
Which constitutional entry grants the Parliament exclusive power to legislate on 'Banking' in India?