Welcome to your Commercial Banking in India: A Beginner's Module
1. What is the main objective of financial inclusion in India?
2. What is the term used to describe the difference between a bank's interest income and interest expenses?
3. What is the purpose of the Indian Financial System Code (IFSC) used in banking transactions?
4. What is the purpose of the Monetary Policy Committee (MPC) in India?
5. Which of the following is not a type of account offered by commercial banks?
6. What is the repo rate?
7. What is the maximum limit of insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
8. Which of the following is not a type of account offered by commercial banks?
9. What is the minimum capital requirement for setting up a new commercial bank in India?
10. Which committee recommended the establishment of Regional Rural Banks (RRBs) in India?
11. Which of the following is a wholesale banking service provided by commercial banks?
12. Which of the following is not a type of credit facility offered by commercial banks?
13. Which of the following is not a type of non-performing asset (NPA)?
14. Which of the following is a form of electronic banking in India?
15. What is the primary role of the Indian Banks' Association (IBA)?
16. What is the primary purpose of the Base Rate system introduced by the Reserve Bank of India?
17. Which of the following is not a type of risk faced by commercial banks?
18. Which of the following is a core banking service provided by commercial banks?
19. Which of the following is not a type of commercial bank in India?
20. What is the primary objective of commercial banks in India?
21. What is the purpose of the Reserve Bank of India's (RBI) Open Market Operations (OMO)?
22. Which type of bank account is suitable for earning interest on savings?
23. Which bank is known as the "Banker to the Banks" in India?
24. Which of the following is a requirement for opening a bank account in India?
25. What is the maximum limit of cash withdrawal allowed per day from an ATM in India?
26. What is the primary source of income for commercial banks?
27. Which of the following is not a digital payment system in India?
28. What is the purpose of the MUDRA Yojana launched by the Indian government?
29. What is the purpose of the Pradhan Mantri Mudra Yojana (PMMY) in India?
30. What is the purpose of the Marginal Cost of Funds-based Lending Rate (MCLR) system introduced by the Reserve Bank of India?
31. What is the maximum limit of insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for each depositor in case of bank failure?
32. Which of the following is not a function of the Reserve Bank of India (RBI)?
33. Which committee recommended the introduction of the Base Rate system in Indian banks?
34. What is the purpose of the SARFAESI Act in India?
35. What is the tenure of a recurring deposit account in a bank?
36. What is the purpose of the Know Your Customer (KYC) guidelines in banking?
37. Which committee recommended the introduction of the Core Banking Solution (CBS) in Indian banks?
38. What is the maximum limit of cash withdrawal from an ATM in India per transaction?
39. What is the primary objective of the Priority Sector Lending (PSL) policy in India?
40. Which of the following is a digital payment system introduced by the National Payments Corporation of India (NPCI)?
41. Which of the following is not a feature of a Non-Banking Financial Company (NBFC)?
42. Which organization regulates and supervises commercial banks in India?
43. What is the purpose of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in India?
44. What is the primary function of the National Housing Bank (NHB) in India?
45. Which of the following is not a credit rating agency in India?
46. What is the maximum tenure for a fixed deposit account in a bank?
47. Which of the following is the first Indian bank to introduce ATM services?
48. What is the tenure of a fixed deposit account in a bank?
49. Which of the following is not a function of commercial banks?
50. What is the term used to describe the process of converting bad loans into equity shares of a borrower company?
