RBI Quiz MCQ & Answers [PDF Download]
The Reserve Bank of India was established in which year and based on which committee's recommendations?
Which of the following is NOT a function of the Reserve Bank of India as per the RBI Act, 1934?
The Monetary Policy Committee (MPC) of RBI consists of how many members, and what is the required majority for policy decisions?
As per RBI guidelines, what are the prescribed rates for Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)?
Under the Prompt Corrective Action (PCA) framework, which of the following thresholds triggers the first level of intervention?
The RBI's inflation targeting framework aims to maintain Consumer Price Index (CPI) inflation at what level?
Which committee recommended the establishment of Payment Banks in India, and what is the maximum balance limit per customer?
The Basel III framework implemented by RBI requires banks to maintain a minimum Capital Adequacy Ratio (CAR) of how much, and what is the minimum Common Equity Tier 1 (CET1) ratio?
Under the RBI's Prudential Framework for Resolution of Stressed Assets, what is the timeline for implementation of a Resolution Plan once the default occurs?
The Foreign Exchange Management Act (FEMA) replaced which act, and what is the maximum penalty for violation of FEMA provisions?
The RBI's Master Direction on Know Your Customer (KYC) requires banks to conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD). For which type of customers is EDD mandatory?
The Priority Sector Lending (PSL) guidelines require banks to lend what percentage of their Adjusted Net Bank Credit (ANBC) to priority sectors, and what is the target for agriculture?
The RBI's guidelines on 'Ownership in Private Sector Banks' specify what maximum percentage can be held by a single entity or group in a private bank?
Under the RBI's framework for 'on tap' licensing of Small Finance Banks, what is the minimum capital requirement and the mandatory priority sector lending target?
The Insolvency and Bankruptcy Code (IBC) 2016 provides a time-bound process for resolution. What is the maximum time limit for Corporate Insolvency Resolution Process (CIRP) including extension?
The RBI's Framework for Regulatory Sandbox allows entities to test innovative financial products. What is the typical duration of testing period and what is the maximum number of customers that can be on-boarded?
The Liberalised Remittance Scheme (LRS) allows resident individuals to remit funds abroad. What is the annual limit per financial year and which transactions are NOT permitted?
The RBI's Master Direction on Housing Finance specifies different risk weights for housing loans. What is the risk weight for housing loans where LTV ratio is above 80%?
Under the RBI's guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Risk Officers and Compliance Officers, what percentage of variable compensation should be deferred for systemically important banks?
The RBI's Framework on Dealing with Domestic Systemically Important Banks (D-SIBs) requires additional capital buffers. How are D-SIBs classified and what are their additional capital requirements?
The RBI's guidelines on Management of Operational Risk require banks to allocate capital for operational risk. Under the Standardised Approach, what percentage of gross income is used for calculating operational risk capital for retail banking?
The RBI's Master Direction on Credit Card and Debit Card - Issuance and Conduct specifies cooling-off periods for unsolicited cards. What is the cooling-off period after a customer cancels a credit card?
Under the RBI's Framework for acceptance of Green Deposits, banks are required to allocate proceeds towards activities eligible for green financing. What is the timeline for full deployment of green deposit proceeds?
The RBI's guidelines on Comprehensive Cyber Security Framework require banks to report cyber security incidents. Within what time frame must banks report significant cyber incidents to RBI?