Bank PO / Clerk / RBI — MCQ Practice Questions & Answers

Question 1

What is the minimum paid-up capital required for a Small Finance Bank to operate in India as per RBI guidelines (2024)?

Accepted Answer

Correct answer: B. Rs. 100 crore — RBI requires Small Finance Banks to maintain a minimum paid-up capital of Rs. 100 crore.

Answer

A. Rs. 50 crore

Answer

C. Rs. 200 crore

Answer

D. Rs. 500 crore

Question 2

Under Basel III norms, what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for banks?

Accepted Answer

Correct answer: C. 10.5% — Basel III requires banks to maintain a minimum CRAR of 10.5% (including capital conservation buffer).

Answer

A. 8%

Answer

B. 9%

Answer

D. 12%

Question 3

Which of the following is NOT a type of Non-Performing Asset (NPA)?

Accepted Answer

Correct answer: D. Standard assets — Standard assets are performing assets. NPAs include substandard, doubtful, and loss assets.

Answer

A. Substandard assets

Answer

B. Doubtful assets

Answer

C. Loss assets

Question 4

Which financial year did India adopt the Goods and Services Tax (GST)?

Accepted Answer

Correct answer: C. 2017-18 — GST was implemented in India from July 1, 2017 (2017-18 financial year).

Answer

A. 2015-16

Answer

B. 2016-17

Answer

D. 2018-19

Question 5

What is the current reverse repo rate as per RBI's latest monetary policy (2024-2025)?

Accepted Answer

Correct answer: B. 6.00% — The reverse repo rate is typically 50 bps below the repo rate, set at 6.00% in 2024-2025.

Answer

A. 5.75%

Answer

C. 6.25%

Answer

D. 6.50%

Question 6

Which Act regulates banking sector operations and customer protection in India?

Accepted Answer

Correct answer: A. Banking Regulation Act, 1949 — The Banking Regulation Act, 1949 is the primary statute governing banks in India.

Answer

B. Securities Act, 1956

Answer

C. Insurance Act, 1938

Answer

D. Competition Act, 2002

Question 7

What is the primary function of the Financial Stability and Development Council (FSDC)?

Accepted Answer

Correct answer: B. To coordinate among financial sector regulators — FSDC coordinates among RBI, SEBI, IRDAI, and other regulators for financial stability.

Answer

A. To regulate insurance companies

Answer

C. To approve bank mergers

Answer

D. To set interest rates

Bank PO / Clerk / RBI - MCQ Practice Questions