News Flash

1. As per our bank's policy on co-lending model, NBFCs are required to hold a
minimum of 20 per cent share of personal loans in their ledgers.

2. The Reserve Bank of India yesterday advised all private sector banks and wholly
owned subsidiaries of foreign banks to ensure the presence of at least two full
time directors (WTDs) including MDs and CEOs on their boards.

3. The Reserve Bank of India has decided that the complainants will be entitled to a
compensation of Rs 100. 100 per calendar day if their complaint is not resolved
by the complainant to the Credit Institutions/Credit Information Agencies for delayed
update/correction of credit information by the complainant within __30_ calendar
days from the date of initial filing of the complaint.

4. The Reserve Bank of India has decided to have the facility of premature withdrawal
of all domestic term deposits accepted from individuals for amounts of Rs 1 crore and
less.

5. The regulatory sandbox is the framework put in place by the Reserve Bank under its
supervision to allow small-scale, live testing of innovations by private firms in a
controlled environment.

6. ONDC: Open Network for Digital Commerce

7. RBI's Ribbit website/platform/entity is related to IT and cyber security requirements

and is set up to ensure the cyber resilience of Indian banking.

8. Citizens Bank is the fifth bank to fail in the United States in 2023.

9. CAFRAL is an independent agency established by RBI to conduct research and

learning in banking and finance. WHAT IS CAFRAL'S FULL NAME? Answer:
Center for Advanced Financial Research and Learning.

10. According to the Master Direction of Information Technology Administration, Risk,

Control and Assurance Practice, Privileged User refers to a user who has been
allocated capacity within an information system due to a function and/or role, which is
significantly greater than the capacity available to most users.

11. Our bank has decided to provide benefits and offers to our customers who are not
mapped in the radiance category but hold a deposit relationship of Rs 10 lakh and
above, after classifying them into three categories Sparkle, Shine and Rise.
12. Face is a nonprofit organization that speaks to the common concerns of fintech
companies with consumer loans, with regulators, media, listing or distribution
platforms (like the Google Play Store) and other external stakeholders. What is the
full form of FACE? Fintech Association for Consumer Empowerment.

13. Investment Fluctuation Reserve: An investment fluctuation fund is a reserve made

from profits to offset changes in the market value of investments. An amount is set
aside in reserves called fluctuations to compensate for changes in the value of
investments. The RBI introduced investment fluctuation reserves in 2005 (10 January
2002) with the aim of creating adequate reserves to protect against possible reversal
of the interest rate environment in the future due to unforeseen developments. Banks
were directed to create a minimum IFR of 5.0 per cent of the investment portfolio in
the two categories "held for trading" and "available for sale".
 In 2018, the RBI granted banks the option of spreading the Provisioning to Market
(MTM) losses on investments held in AFS and HFT for the quarters ended December
31, 2017 and March 31, 2018, to address the systemic impact of a sharp increase in
yields on government securities. In addition, it was directed that the amount not less
than the following:

(a) Net profit on the sale of investment during the year

(b) Net profit for less mandatory allocation
(c) will be transferred to the IFR, as long as the IFR amount is at least 2 percent of
the HFT and AFS portfolio, on a continuing basis. Where possible, this should be
achieved within a period of 3 years.

14. The new mobile application launched by our bank is RM360 for all Relationship
Managers and Senior Relationship Managers of ICFS/CFS/Mid Corporate Branches.
15. The Reserve Bank of India has increased the weight of risk applicable to credit card
receivables exposure for scheduled commercial banks (SCBs) up to 150% from
immediate impact.
16. The Reserve Bank of India recently an increase in risk weight for exposure to SCBs
in NBFCs. Which of the following statements in this regard is not correct?

a. These rules exclude loans to HFCs and loans to NBFCs which are eligible for
classification as priority sectors in view of the existing guidelines.
B. In all cases of NBFCs (above and above the weight of risk associated with a
given external rating), the risk weight has been increased by 25 percentage
points.
c. These rules exclude key investment companies.
d. Exposure to AAA rated NBFCs will see the maximum increase in risk weight
(percentage increase for existing risk weight).

17. NESL Expansion: National e-Governance Services Limited.

18. NSDL Expansion: National Securities Depository Limited.
19. The Council for Financial Stability and Development (FSDC) is a top-tier body
constituted by the Government of India. The idea of creating such a super regulatory
body was first mooted by the Raghuram Rajan Committee in 2008. The Council
monitors macro prudent supervision of the economy, including the functioning of
large financial firms and addresses problems of inter-regulatory coordination and
financial sector development. It also focuses on financial literacy and financial
inclusion.
20. FICCI is an association of Indian business companies, dedicated to promoting the
growth of Indian businesses and global competitiveness. (Federation of Indian
Chambers of Commerce and Industry).
21. The Reserve Bank of India suspended the board of directors of Abhyudaya Co-
operative Bank Limited for 12 months in November 2023, due to some material
concerns arising from poor governance standards observed at the bank.
22. GIFT-City is India's first operational greenfield smart city and international financial
services hub, built into a global hub for financial and business services, attracting
businesses and investors from around the world. What is the full form of gift? Gujarat
International Finance Tech-City.
23. GIFT IFSC is a Special Economic Zone (SEZ) located in the Indian state of Gujarat,
which was established to promote international financial services. What is the full
form of IFSC?
International Finance Services Center
24. The National Company Law Tribunal dated 03.07.2023 had asked the
passenger/travel agents of Go Air to make a claim to the resolution professional for
 refund of booked/cancelled tickets. Which of the following statements is not correct in
this regard?

a) Such passengers will be considered operational creditors and will have to file claim
Form B.
b) Customers who have booked tickets through travel agents and aggregator websites
(such as MMT, Go ibibo, etc.) do not need to file a claim on the portal.
c) Claimants should use the exchange rate as the claim date.
d) Only parties with pending claims as of the bankruptcy start date (May 10, 2023) can
file Form B.

[As per the advisor dated 03.07.2023 of the NCLT Law Tribunal, the claimants
should use the exchange rate on the date of commencement of bankruptcy, i.e.
10th May 2023. Read more here – https://docs.google.com/document/d/15M6-
oBZoH828q0QH-pkeWi85YBP4u-vmhXk1pHdd-_k/edit?pli=1 and
https://ibbi.gov.in//uploads/legalframwork/611de37b274eb315ca8e7fb294e63051.pdf]

25. There are 16 National Company Law Tribunal (NCLT) benches in India.
26. Cash Management Services of Bank of Baroda does not include which of the
following?
a. Receivables Management
B. Leverage Management
c. Liquidity Management
D. Reimbursement Management

27. Recently, the Reserve Bank of India signed a Memorandum of Understanding (MoU)
with Bank of England for cooperation and exchange of information on Clearing
Corporation of India Limited.
28. The 28th meeting of the Conference of the Parties (COP28) is being held in Dubai,
United Arab Emirates.
29. IFSCA is the authority for the development and regulation of financial products,
financial services and financial institutions of the International Financial Services
Centre which is IFSC GIFT City.
30. NPCI's chatbot is called PAI.
31. Companies that rank after secured debt (i.e. senior debt) but before equity in case of
company failure are known as mezzanine finance.
32. Lending to individuals who are in a position to control or influence the lender's
decision may be a concern, if the lender does not maintain an arm-length relationship
with such borrowers. In this regard, the RBI has announced to come up with a
uniform regulatory framework on combined lending .
33. The progress of financial inclusion in India is assessed against the
standards set by the Reserve Bank of India's Insight dashboard.
34. The Uniform Customs and Practice for Documentary Credits (UCPDC) is a set of
rules for the issuance and use of Letters of Credit.
35. The Government of India has launched a framework and eco-system for law
enforcement agencies (LEAs) to tackle cybercrime in a coordinated and
comprehensive manner. What is the name of the nodal point to prevent cyber crime
in the country? Ans: I4C (Indian Cyber Crime Coordination Centre) is the name of
the nodal point (agency) for curbing cybercrime in the country.
36. The Indian government is developing a financing framework for green hydrogen
projects with banks .
37. According to market participants, the Reserve Bank of India has signaled its support
for banks through the VRR auction. What is the full form of VRR here? Answer:
Variable Rate Repo
 38. Amortization and Depreciation – Amortization and depreciation are two methods of
calculating the value of business assets over time. Amortization is the practice of
spreading the cost of an intangible asset over the useful life of that asset.
Depreciation is the cost of a particular asset as it is used to reflect its expected
depreciation. Although depreciation or amortization is recorded as an expense, there
is no physical outflow of cash involved in these costs. Thus, it is added back to the
net profit to obtain the actual cash value of a business.
39. The Reserve Bank of India has suggested certain changes regarding investments in
alternative investment funds to deal with the possible ____________ by companies
regulated through this route. Answer: Evergreen. [Alternative Investment Fund
(AIF) - Alternative Investment Funds (AIFs) are a diversified set of investment
vehicles that fall outside the realm of traditional assets such as stocks and bonds.
They offer investors exposure to a wide range of opportunities and potentially higher
returns. ]
40. The RBI has recently amended the card-on-file tokenisation guidelines. Which of the
following statements in this regard is not correct?
a) Now, issuing banks or institutions can provide cardholders with additional choices
to tokenize their cards for multiple merchant sites through a single process.
b) The generation of COF tokens for cards through card issuers or card networks will
now be enabled through mobile banking and internet banking channels for the
convenience of customers either after receiving a new card.
c) Card issuers will need to provide a complete list of merchants for whom they can
provide tokenization services, and cardholders will select merchants where they
want to maintain tokens.
d) In this new system, tokenization has to be done only with explicit customer
consent but without AFA (Additional Factor Authentication) validation.

Note: In this new system, tokenization only needs to be done with explicit customer consent
and with AFA (Additional Factor Authentication) validation.

41. The Reserve Bank of India, during its developmental and regulatory policy statement
dated October 06, 2023, asked fintech companies to form a self-regulatory body
that will act as a link between regulators and market participants through less formal
set-ups.
42. According to the GCEMP Principles 2021, escrow accounts should be opened in
all areas of real estate exposure for proper control over finances and for
monitoring the transactions of borrowers.
43. According to the new guidelines for home loans, if the loan is taken within 3 years of
buying the property, the valuation of the property should be taken as:
i. Less than realizable value or 2 times the registered value of the property
(properties located in Kolkata)
ii. Less than realizable value or 1.5 times the registered value of the property
(properties located in Gujarat)
iii. Realizable value or less than the registered value of the property (property
located anywhere in India)
iv. Less than realizable value or 1.5 times the registered value of the
property (properties located in Madhya Pradesh)
Note: As per the new guidelines for home loans, if the loan is taken within 3 years of buying
the property, the property valuation should be taken less than the realizable value or 1.5
times the registered value of the property (properties located in Madhya Pradesh). See
Notification No. BCC:BR:115:790 dated 26.12.2023.
 44. Which of the following statements regarding monetary policy instrument of RBI is
not stated correctly?
i. Repo rate is the interest rate at which the Reserve Bank provides overnight cash
to banks against collateral to the government and other authorised securities
ii. SDF is a tool for providing liquidity to the market. The main purpose of the
SDF is to increase liquidity in the system and control inflation.
iii. The reverse repo rate is the interest rate at which the Reserve Bank absorbs
liquidity from banks overnight against collateral to qualified government securities
iv. SLR is the part of the NDTL that a bank needs to maintain in safe and liquid
assets, e.g., liable government securities, cash and gold.
Note: The RBI introduced the Standing Deposit Facility (SDF), an additional tool to absorb
liquidity without any collateral. The main purpose of the SDF is to reduce excess liquidity in
the system and control inflation.

45. The Reserve Bank issued a framework for accepting green deposits on April 11,
2023. Which of the following is not a specific area where banks should allocate
funds raised through green deposits?
i. Energy Efficiency
ii. Conservation of terrestrial and aquatic biodiversity
iii. Purchase of carbon credits
iv. Climate Change Adaptation

46. Which of the following statements is not correct about RBI's structure regarding
green deposits?
i. The unallocated income of green deposits can only be invested in liquid
instruments with maturity of up to a year
ii. Regulated entities are allowed to pay separate rates of interest on green
deposits
iii. No restrictions on premature withdrawal of green deposits
iv. No penalty is envisaged for not allocating income for green activities/projects in
this framework
Note: REs are required to allocate funds arising from green deposits as per the Reserve
Bank of India's framework for availing green deposits – (i) renewable energy sector; (ii)
Energy efficiency; (3) Clean transportation; (4) Climate change adaptation; (5) Sustainable
water and waste management; (6) Pollution prevention and control; (7) Green buildings; (8)
Sustainable management of living natural resources and land use; or (9) Conservation of
terrestrial and aquatic biodiversity.

47. In November 2023, the Reserve Bank of India decided that AD Category-I banks may
allow advance payments for 11 days to eligible jewellers for importing silver through
IIBX .
48. As per the Reserve Bank of India's revised guidelines on idle accounts/unclaimed
deposits in banks, customer orders such as standing instructions/auto-renewal
instructions should be treated as customer instigated transactions.
49. According to the draft notification of the Reserve Bank of India, if the net NPA ratio is
more than or equal to 4 percent but less than 6 percent, the maximum dividend
payout ratio will be 15%.
50. Which of the following statements is not correct about the revised instructions
regarding void accounts or unclaimed deposits in banks?
i. Banks may consider imposing a cooling-off period on reactivation, including
restrictions on the number and volume of transactions, which may apply to newly
opened accounts with the bank.
ii. The database of such accounts hosted on the website will provide a search
option so that the public will be able to search for their unclaimed deposits using
the name with the address of the account holder/entity.
 iii. Banks are not allowed to impose any charges on such accounts except
penalty charges for not maintaining a minimum balance, that too after
activation.
iv. No charges will be levied for inactive account activation.
Note: Banks are not allowed to impose penal charges for not maintaining a minimum
balance in an account that is classified as inactive accounts.

51. As per RBI's Master Guidelines on KYC, those who are politically open are –

i. Persons who are related by blood to persons actively involved in the politics of the
respective sovereigns, including directly or indirectly, linear ascendants and
descendants of such persons in active capacity or retired from government service.
ii. A person who has a direct or indirect relationship or influence with/over any political
party in the country concerned, including the head of state/government, senior
executives of state-owned corporations and officials of important political parties.
iii. Persons who have held or have been assigned prominent public functions by
a foreign state, including heads of state/government, senior politicians,
senior government or judicial or military officials, senior executives of state-
owned corporations, and officials of important political parties.
iv. Persons who have held or have held prominent government assignments by their
home country, including heads of state/government, senior politicians, senior
government or judicial or military officials, senior executives of state-owned
corporations, and officials of important political parties.
52. Bank of Baroda recently signed a Memorandum of Understanding (MoU) with Rural
Electrification Corporation Limited for joint financing of projects in the power,
infrastructure and logistics sectors over the next three years.
53. As per the RBI circular on foreign exchange risk hedging, expected exposure means
currency risk arising out of a current or capital account transaction authorised under
FEMA, 1999 or any rules or regulations promulgated thereunder, which is proposed to
be entered in the future. Read more here.
54. In India, 9 January is celebrated as Pravasi Bharatiya Divas .
55. The scheme aims to strengthen institutions and governance at the Centre and in the
state, improve Centre-State connectivity and partnership, and improve MSMEs' access
to markets and credit, upgrade technology and address the issues of delayed
payments and greening of MSMEs. What scheme is it?
Option: i. P. M. Vishwakarma, 2. Furty, 3. Aspire, Ivy. Ramp

56. As per the bank's compliance policy, a compliance forum will be created at branch, RO
and JOD levels to discuss compliance issues with pre-set agenda. In this regard, our
Bank has decided to conduct "Compliance Forum Meetings" at quarterly intervals by
each branch. For more information, please refer to Notification No. BCC:BR:116:33
dated 08.01.2024.
57. To address regulatory failures and identify high-risk areas in retail lending, our bank has
recently adopted some of the following measures:
i. Making PSR notation mandatory before loan disbursement in all cases.
ii. Assignment of disbursement permit to Regional/Zonal Risk Manager.
iii. Establishment of Credit Mid Office to ensure T&C compliance and accord
disbursement permission.
iv. Empowering ZIAD/CIAD to grant permissions.
Note: Our Bank has established a Credit Mid Office - Retail Assets (CMO-RA) at CPC, GIFT
City, Gandhi Nagar to ensure compliance with T&C and Accord Disbursement Permissions.
See Circular No. BCC:BR:116:37 dated 10.01.2024.
58. As per RBI guidelines on "Fair Lending Practice - Penal Charges on Loan Accounts",
which of the following statements is incorrect?
 i. An additional penal charge cannot be levied on the amount of the penalty due
earlier.
ii. The amount and reason for penal charges should be clearly disclosed to
customers in the loan agreement and most important terms and conditions
(MITC)/Key Fact Statement (KFS), as applicable.
iii. The penal guidelines do not apply to securitization and co-lending
portfolios.
iv. The prescribed instructions regarding the Penal Code are not applicable for
Rupee/Foreign Currency Export Credit and other foreign currency loans.
Note: As per the RBI guidelines on "Fair Lending Practice - Penal Charges on Loan
Accounts", the prescribed directions relating to penal code are applicable to securitization
and co-lending portfolios as well.
59. Which of the following is not a type of NBFC under the new regulatory framework of RBI
-

i. NBFC - AA, I. NBFC - NOFHC, iii. NBFC - IDC, IV . NBFC - FIC

60. In the chronology of insolvency/insolvency/implementation timeline in case of

insolvency/bankruptcy/resolution, prescribe the following laws/rules/procedures: a) S4A
b) SDR c) IBC d) CDR
Answer: DBAC
61. NPCI International Payments has recently signed a memorandum of understanding with
which company to expand UPI to countries outside india? Answer: Google Pay
62. Which of the following publications of the Reserve Bank of India is published monthly:
i. Statistical Complement
ii. Financial Stability Report
iii. Monetary Policy Report
iv. RBI Bulletin

63. If the Reserve Bank decides to adopt an expansionist monetary policy, which of the
following will not do?
i. Cut and optimize statutory liquidity ratios
ii. Increase Marginal Permanent Benefit Rate
iii. Lower the Bank Rate
iv. Reduce Repo Rate

64. As a result of the reduction in the Bank Rate by the Reserve Bank of India –

i. More liquidity in the market

ii. Low liquidity in the market
iii. There is no change in liquidity in the market
iv. More deposits of commercial banks

65. Which of the following items is included in India's foreign exchange repository?
i. Foreign exchange assets, gold holdings of RBI and loans from the World
Bank
ii. Foreign exchange assets, loans from the World Bank and SDRs
iii. Foreign exchange assets, gold holdings of RBI and SDR
iv. Foreign exchange assets, special drawing rights (SDRs) and loans from foreign
countries

Note: India's total foreign exchange reserves include Foreign Exchange Assets of the
Reserve Bank, Gold of the Reserve Bank of India and Special Drawing Rights (SDRs)
of the Government of India. The location of India's reserves in the International Monetary
Fund is not included as part of foreign exchange reserves as they may not be available on
immediate demand, although some countries include these balances as part of their
reserves.

65. Which of the following statements about the Monetary Policy Committee (MPC) is/are
correct?
i. It determines the RBI's benchmark interest rate.
ii. It is a 12-member body including the RBI governor and is reconstituted every year.
iii. It works under the chairmanship of the Union Finance Minister.

Note: The Monetary Policy Committee (MPC) of the RBI decides the benchmark interest
rate. It is a 6 member body with a governor of RBI and is restructured every year. It
functions under the chairmanship of the Governor of RBI.

66. A wholly-owned subsidiary of Bank of Baroda for credit cards, 'Bob Financial Solutions
Limited' has been rebranded as 'BobCard Limited' with which of the following tagline?
Answer: 'Debt Revision'

67. The Monetary Policy Committee (MPC) of the Reserve Bank is mandated to meet at
least four times a year. The quorum for the MPC meeting is of four members."

68. Which of the newly launched current account schemes of our bank is especially for large
businesses that have high transaction requirements - Bob Rodium

69. Bank of Baroda Net NPA 0.70% as on 31.12.2023

70. What is the estimate of capital expenditure in the Interim Budget 2024-25?
Answer: The Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while
presenting the Interim Union Budget for 2024-2025 in Parliament today, announced that
capital expenditure for the next year is being increased by 11.1 per cent to Rs 11,11,111
crore, which will be 3.4 per cent of GDP.

71. The Insolvency and Bankruptcy Board of India has made changes in the insolvency
process for individual guarantors, Corporate Debtors, Regulations, 2019 to allow the same
resolution professional for insolvency of the company and the individual guarantor.

72. As per our Bank's guidelines in DSA Sourced Home Loan and Mortgage Loan business,
which of the following can be considered as ETB (Existing in Bank) customers –
i. Applicant with customer ID who approaches for loan in CT 'A' with account
relationship in CT 'B'.
ii. The applicant with customer ID where the prime account is with another bank and the
bank account credit with our bank account with our bank is less than 45% of the
income considered to arrive in the FOIR.
iii. The partner of the partnership firm (we have working capital limit in our bank)
is contacting for a home loan in a personal capacity.
iv. Applicant has no liability account relationship with customer id and auto loan
customer in case of asset account relationship.
The Monetary Policy Report of the Reserve Bank of India is published half-yearly i.e . once
every six months.

Which of the following is not a cyber security control as per the cyber security policy of
our Bank:
i. Corrective
ii. Resistors
iii. Directory
iv. Detective
75. The Reserve Bank of India in its Statement on Developmental and Regulatory Policy
dated 08.02.2024 has announced the ___________ and _________ effectiveness in the
Central Bank Digital Currency (CBDC) pilot.
i. Programmability and Offline
ii. Interoperability and Offline
iii. International acceptance and offline
iv. Durability and offline

The Reserve Bank of India (RBI) is observing Financial Literacy Week (FLW) 2024 from
February 26 to March 1, 2024 with the theme "Make a Right Start – Become Financially
Smart".

77. In order to provide convenience, speed, affordability and digital mode security to
passengers for transport services, RBI has allowed _______________ PPI issuers to issue
PPIs to make payments on various public transport systems.
a. Fintech and Non-Bank
b. Account aggregators and non-banks
c. Authorized Banks and Non-Bank Banks
d. Authorized Non-Bank

78. According to the draft release framework on climate-related financial risks, 2024
"convergence risk" means risks related to adjustment mechanisms towards a low-carbon
economy, namely (i) __________, (ii) ________________ and (iii) __________________.
(Pick the wrong one)

a. Changes to climate-related policies and regulations

b. Natural disasters like floods, earthquakes
c. The emergence of new technologies
d. Changes in customers' preferences and behavior
Note: According to the draft disclosure framework on climate-related financial risks, 2024
"convergence risk" means risks related to the adjustment process toward a low-carbon
economy, such as changes in climate-related policies and regulations, the emergence of
new technologies, and changes in consumer preferences and behaviors.

79. SBI is going to list its subsidiaries SBI Payments and SBI General Insurance on the
stock exchange within the next 18 months.

80. NEFT of NEFT payments achieved a milestone on February 29, 2024 with the
processing of 4,10,61,337 transactions, the highest number of transactions processed in a
single day so far.

81. What is India's GDP growth rate in the third quarter of the financial year 2023-24?
Answer: 8.4%.

82. What is the unemployment rate in India? Answer: National Statistical Office.

83. NITI Aayog is launching a digital cross-sectoral knowledge platform called NITI for States
.
Note: The National Institute of Technology of India (NITI) has launched the 'NITI for States'
portal, which is a multi-sectoral repository of over 900 datasets, 1,400 data profiles, and 350
publications.

84. As per RBI's FAQs on Master Directions for Issuance and Management of Credit Card
and Debit Cards, 2022 , which of the following statements is not correct –
 a. If consent is not received to activate the card, the card issuer will have to close the
credit card account at no cost to the customer within seven working days from the date
of seeking confirmation.
B. A type of credit card can be issued to the customer availing an overdraft facility from
the bank to access the funds available under the facility in line with the terms and
conditions set forth for the respective loan account.
C. The cardholder will be provided with the option to choose any date as the start
or closing day of the billing cycle at least three times a year. In addition, card
issuers can provide the option to modify the billing cycle through multiple
channels such as helpline, dedicated e-mail-id, interactive voice response (IVR),
internet banking, mobile-app, and any other mode.
d. If a cardholder does not pay the total amount due by the due date, the interest-free credit
period will be lost and interest can be accrued on the outstanding amount from the
date of transaction (for payment/refund/reverse transaction and when credited) and not
on the total amount receivable.

85. Which of the following companies/entities was recently in news for charging high interest
as high as 125% annum? Answer: Paisalo Digital

86. Which of the following statements is not correct about our bank's new deposit scheme -
Bob Earth Green Term Deposit Scheme?
a. The interest rate on Bob Earth Green Term Deposits will be 10 basis points
higher than the Standard Card rate.
B. This scheme offers six different tenures for investment: 1 year, 1.5 years, 777
days, 1111 days, 1717 days, and 2201 days.
c) It has been structured to cater to the needs of a wide range of depositors, where
the minimum deposit amount has been fixed at Rs 5,000 for callable deposits and
Rs 1 crore for non-callable deposits.
d. Loans or overdrafts against these deposits will not be permissible, which will
further strengthen the scheme's focus on long-term environmental investments.

The government has directed the state-owned banks to submit their business plans for
2026-27 to the boards of the banks on a quarterly basis by the end of this month for
evaluation by the government-nominated directors.

88. RBI's contact centre for complaints under the Integrated Ombudsman Scheme with
Interactive Voice Response System (IVRS) is available on toll free number 14448 24x7.

89. As per the RBI Bulletin for the month of March 2024, the annual growth in overall
deposits in the three quarters of FY 2023-24 has increased as follows – (Choose the correct
order for deposits with the lowest growth with the highest growth)

Answer: Term deposit > total deposit > current deposit > savings deposit.

The National Company Law Appellate Tribunal (NCLAT) has directed 11 state-owned
lenders not to take coercive action against the companies and directors of the IL&FS group
till the next hearing on May 14 .

91. To simplify branches, our bank has made available a new report on the Finacle Report
Server under BOB MENU, named "Report for Dishonoured Cheques in Inward and Outward
Clearing". What is the maximum day range for this report? A: The maximum day range for
this report is 30 days.

91. The term "FTR" in the context of opening an account through the Retail Liability Back
Office (RLBO) is "the right for the first time."
92. For all new micro-insurance enrolment of PMJJBY and PMSBY policies, opt-out and
modification of designated services can be provided using any portal.
Answer: Jain Suraksha Portal.

April 24 News Flash

1. What is the name of the trust agency set up by RBI to stop the mushroom of illegal
lending applications? Answer: Digita
(As part of efforts to curb the growing number of cyber frauds, the Reserve Bank is
considering setting up a Digital India Trust Agency (DGTA) to curb the mushroom of illegal
lending apps).

2. Our bank recently updated the Early Warning Signal (EWS) system and introduced a two-
dimensional health parameter from HP1 to HP7 for borrowers based on internal ratings
and EWS risk classification to facilitate loan decisions . For more information please refer
to BCC: BR:116:219 Earth/Date 01-04-2024.

3. Which of the following statements is correct regarding RBI guidelines on void

accounts/unclaimed deposits in banks?
I. The classification of an account as inactive shall be for a specific account of the
customer and not with reference to the customer
II. For the purpose of classifying an account as 'inoperative', only customer induced
transactions will be considered and not bank induced transactions.
III. If there are no other activities in the Savings/Current Account or Term Deposits other
than transactions led by Standing Instruction (SI)/Auto-Renewal Instruction, these
transactions will be treated as Customer Instigated Transactions.
IV. UDIN is a unique number generated through Core Banking Solution (CBS) and
is allotted to every unclaimed account/deposit transferred to RBI's DEA funds.

Note: This is a unique number generated through Core Banking Solution (CBS) and is
allotted to every unclaimed account/deposit transferred to DEA funds of RBI. Its UDRN i.e.
Unclaimed Deposit Reference Number.

4. The global average cost of sending remittances is 6.18%. What are the Sustainable
Development Goals to reduce these costs? Answer: 3%.

5. A mobile application web portal of the Retail Direct portal is being developed to
enable investors to buy/sell securities through the NDS-OM platform.

6. Our bank has decided that with effect from 8th April 2024, DSA/DST sourced files of
Housing Loan, Mortgage Loan and Education Loan segments will not be eligible for
repayment purposes if submitted to the branch/RAPC without Lead Force ID. For more
information please refer to Notification No. BCC:BR:116:235 dated 04.04.2024.

7. According to IRDAI guidelines, employees need to have a valid SP license to run

insurance business. What is the full form of SP? Specific Person
8. What is the average cash deposit per account in PMJDY account at the end of financial
year 2023-24? Answer: 4524 / –

9. What is the full form of PPIRP under IBC? Pre-packaged insolvency resolution process

10. The full form of APR is Annual Percentage Rate. APR is the annual cost of the
borrower's loan that includes the interest rate and all other charges related to the credit
facility.

11. Which of the following statements regarding our Bank's Fund Transfer Policy (FTP) is
not correct?
a. FTP sets pricing for all sources and applications of funding.
b. FTP is the process of calculating internal charges/credits for assets/liabilities
generated by the business unit of the bank.
c. Our bank uses the Net Concept variant for transfer pricing, it is logical and
understandable.
d. Technically written accounts are taken to have a transfer value of zero (0).

Note: Our bank uses the Gross Concept variant for transfer pricing. The gross concept is
widely used because the sum of risk-bearing funds at different interest rates is a flawed
proposition.

In the fight against online fraud, banks discuss syncing systems with MHA's
cybercrime portal
 In case of a cyber emergency, banks have offered to integrate their systems with the
National Cyber Crime Reporting Portal (NCRP), a branch of the Ministry of Home
Affairs.
 It's aimed at preventing digital crime criminals from quickly transferring money from
the target's bank account to multiple bank accounts before withdrawing or spending
— a move used to make it more difficult for banks and police to recover funds.
 "The banks, in consultation with cybercrime experts, have recommended integration
of APIs with NCRP to reduce average response time and speed updating of cases.
 So, the idea is to identify a lien without manual intervention and automatically freeze
a bank account," said a banker. "An industry sub-group has given this advice to I4C.
 I4C, or Indian Cyber Crime Coordination Centre, is a Home Ministry initiative,
focused on tackling issues related to cybercrime and improving coordination between
law enforcement agencies (LEAs) and institutions such as banks. NCRP is a vertical
under I4C.
 API, or 'application programming interface', allows two applications or systems to talk
to each other without human intervention.
 If there is an API within a system that requires specific data and reporting between
another system, one can communicate between the two without manually feeding the
data.
 In the case of cybercrime, where an internet banking account is compromised, API
integration means that it will be possible to instantly popularize fraudulent information
to a central system or other banks.

12. Which of the following statements regarding RBI guidelines regarding kfs is correct?
a. A key fact statement is a contract between a bank and a borrower that legally
binds them in the eyes of the court.
b. The key information in a loan agreement is legally important and decisive
information that satisfies the basic information necessary to help the
borrower make an informed financial decision.
 c. The annual percentage rate is the annual cost of the borrower's loan that includes
interest rates and other charges related to the credit facility but excludes
processing fees, margin money, and penal charges.
d. Equal Periodic Installment (EPI) is an equivalent or fixed amount of repayment of
a loan, which includes both principal and interest components, which are paid
exclusively monthly by the borrower.

13. What is the rate of foreclosure charges for dealer and vendor finance products of our
bank? Answer: 3% of the allowable limit.
14. EFRMS: Enterprise Wide Fraud Risk Management
15. As per the operating guidelines for participation in cybercrime complaints resulting from
complaints of unauthorised/fraudulent transactions on the NCRP portal, any lien or debit
freeze in the disputed beneficiary account (our bank) should be marked with code cyber.
16. According to the latest data released by the Reserve Bank of India, credit card
spending reached Rs 18.26 trillion in the financial year 2023-24 (FY24).
17. As per the bank's guidelines on e-auction of property in symbolic possession, which of
the following statements is not correct?
A. The proceeds of the auction sale will be allocated to the loan account only after duly
recording the possession receipt and handing over the physical possession to the
successful auction buyer.
B. The successful auction buyer will not be entitled to claim any interest in any case of
refund
C. The bank will not be responsible or obligated for the transfer of physical possession.
D. The auction notice through paper publication says the property is under
symbolic possession and the bank will symbolically hand over the property to
the auction buyer

18. As per RBI guidelines for guarantee of default loss in digital lending, which of the
following statements is incorrect?
(Additional Information – DLG is a contractual arrangement between a bank and an
entity under which the latter guarantees the bank to be compensated for losses due to
defaults up to a certain percentage of the bank's loan portfolio.)

A. The total amount of DLG cover in any outstanding portfolio which has been
specified in advance shall not exceed five per cent of the amount of that loan
portfolio.
B. The portfolio for which DLG can be offered, should have identifiable and
measurable debt assets i.e. the portfolio will be fixed for the purpose of DLG cover
and is not dynamic.
C. The dlg amount once paid by the RE cannot be reinstated through loan recovery.
D. Banks taking the DLG cover should have a board approved policy while
banks acting as a DLG provider are not required to have a board approved
policy.
Note: As per RBI guidelines for guarantee of default loss in digital lending, banks taking
DLG cover should have a board approved policy and banks acting as a DLG provider
should establish a board approved policy.

19. CRR stands for Cash Reserve Ratio. Under the cash reserve ratio, commercial banks
have to keep a certain minimum amount of deposits (4.5% of NDTL) as reserve with the
central bank. The percentage of cash that has to be kept in reserve against the total
deposits of the bank is called cash reserve ratio. Cash reserves are either stored in
bank vaults or sent to RBI. Banks cannot lend CRR money to corporate or individual
 borrowers, banks cannot use that money for investment. And the banks do not get any
interest on that money.

May'24 News Flash

1. Which of the following statements is not true in respect of fixed deposits (bank deposits)
and certificates of deposits?

a. CDs can be issued for a minimum deposit of ₹1 lakh and multiples thereafter in
India, whereas the minimum amount for a fixed deposit is much less than Rs 1 lakh.
b. One cannot issue a loan against a CD, but depending on the nature, a loan may or
may not be given against an FD (liable or liable).
c. The tenure of CDs issued by SCB ranges anywhere between 3 months to 1
year, but the tenure range is narrower in case of fixed deposits.
d. A certificate of deposit is fully taxable under the Income Tax Act, but some fixed
deposits may be non-taxable.

2. NABFID is a specialized development finance institution in India that aims to support the
country's infrastructure sector. What is the full form of NaBFID? Answer: National
Bank for Financing Infrastructure and Development.

3. ONDC is a private non-profit organization established by the Department of Industry and

Internal Trade Promotion, Government of India to promote open e-commerce. What is
the full form of ONDC? Open Network for Digital Commerce

4. As per the draft RBI directive on prudent framework applicable to financing of project
loans, which of the following statements is not correct?

a. The projects will be broadly divided into three phases, namely design, construction,
and management.
B. For infrastructure projects under the P model, lenders may consider the availability
of land in the amount of 50% or more to be sufficient to achieve financial closure.
c) In projects financed under the consortium arrangement, where the total exposure of
the lenders participating in the scheme is up to Rs. 1,500 crore, no individual lender
shall have such exposure as to be less than 10% of the total exposure.
d. If the project is in the under-construction stage, a general provision of 5% of the
outstanding financed on all existing and new exposures on a portfolio basis
shall be maintained.
E. That's right.

5. Which of the following statements is correct about RBI's Key Fact Statement
guidelines for loans and advances?

a. Validity period refers to the period available to the lending banks, after providing the
KFS accepted by the customer/borrower, to decide on the acceptance of exposure.
B. Validity period refers to the period available to the borrower after providing
KFS by the RE to agree on the terms of the loan.
 c. The bank shall be bound by the terms and conditions of the loan mentioned in the
KFS, if the borrower agrees from the date of acceptance within or after the validity
period.
D. The borrower/customer shall be bound by the terms and conditions of the loan
mentioned in the KFS, if agreed within the validity period from the date of
acceptance by the bank to or after the validity period.

6. As per the revised procedure of NSDL for online PAN verification through new finacle
menu "panver", which of the following is not a valid input provided in the system?
a) PAN Number
b) Name of PAN holder
c) Aadhaar
d) Date of Birth/Inclusion

7. Which of the following is not one of the steps in the risk management process?

a. Risk assessment b. Risk identification c. Risk Tracking d. Risk Response Control

Which of the following is the agenda of EASE 7.0? (EASE stands for Enhanced Access and
Service Excellence Programme for Public Sector Banks)

a. Economic Development; Customer Delight; Resilient Banking

B. Customer-friendly banking enabled by modern capabilities
c. Improved digital experience; Data driven, integrated and inclusive banking
d. Technology-enabled, simplified and collaborative banking

Which company/organization has recently launched an insurance portfolio management

platform named 'Bima Central'?
a. IRDAI
b. LIC
c. CAMS
d. NIC
DICGC is a specialised department of the Reserve Bank of India which is under the Ministry
of Finance, Government of India. It insures all types of deposit accounts in a bank, with an
account holder limit of up to Rs 5 lakh per bank. (Deposit Insurance and Credit Guarantee
Corporation)
11. RBI's slogan for secure digital banking – "RBI says ... Be wise, be careful!"।
12. DeFi uses emerging technologies to remove third parties and centralized institutions
from financial transactions. What is the full form of DeFi?
a. Digital Finance
b. Distributed Financing
c. Decentralized electronic finance integration
d. Decentralized finance
13.
a. CPENGRAM: Centralized Pensioners Grievance Redressal and Monitoring System
b. Sachet: Website to facilitate filing of complaints regarding deposits/schemes of any
entity
c. RB-IOS: Scheme to provide redressal to customer complaints related to service
deficiency by RBI-regulated entities such as banks, NBFCs (Non-Banking Financial
Companies) and pre-paid instrument players.
d. SCORE: Online platform to help file online securities market related complaints with
SEBI against listed companies and SEBI registered intermediaries.
14. Transshipment means unloading from one means of transportation and reloading by
another means during transportation from the place of dispatch, accepting charges or
invoices at the final destination as stated in the credit.

As per the Goods and Services Tax rules, which type of GST is levied when taxable
services are supplied from one state to another in India?

a. CGST only
B. Both CGST and SGST
c. IGST
d. Serve

Which of the following is not a tool used by the Reserve Bank of India to control the money
supply?

A. Open Market Activities

b. Cash Reserve Ratio (CRR)
c. Statutory Liquidity Ratio (SLR)
D. Government Debt Management

CRB is a specific provision fund maintained by the central bank which is primarily used in
any unexpected and unforeseen contingency situation. What is the full form of CRB?
Answer: Contingency Risk Buffer

18. Which menu should be used to enrich member-level data through advance accounts of
self-help groups? Answer: AgriADV

An OTC market is a decentralized market where market participants trade stocks,

commodities, currencies or other instruments directly between two parties and without a
central exchange or broker.

20. Prabha is a secure and centralized web-based portal so that an individual or entity can
obtain approval, license or regulatory approval on any reference to the Reserve Bank of
India.

21. The Annual Information System is a function of the Income Tax website that provides
details of a large number of financial transactions conducted by the taxpayer, which may
have tax implications. It is populated based on financial information obtained from
multiple data sources.

22. According to the final rules of the Reserve Bank of India's fintech self-regulation, no
company can hold 10 per cent or more of its paid-up share capital.
June 2024 News Flash

1. The RBI had developed a composite digital payments index in 2021 to capture the
volume of digitisation of payments across the country.

2. The RBI introduced NSFR (Net Stable Funding Rao) from 01 October 2021 to ensure
that the bank maintains a stable funding profile related to its asset formation and off-
balance sheet activities. The RBI has stipulated that the ratio should be at least
equal to 100% on an ongoing basis .

3. VRRR is the rate at which the RBI borrows money from banks for a variable period.
The full form of VRRR is Variable Rate Reverse Repo.

4. Which of the following statements is not correct about the existing guidelines related
to bankers cheques and demand drafts?

a. Branches are not authorized to issue Bankers Cheques w.e.f. 31.05.2024

b. A demand draft of Rs 10 lakh or more can be issued only after the specific
authority of the branch head
c. Single Demand Draft of more than Rs 10 lakh cannot be issued
d. The unpaid banker's cheque as on 31.05.2024 may be issued up to the validity
of the individual instrument or can be cancelled as per the request of the
customer
Note: The restriction on issuance of a single demand draft of up to Rs 10.00 lakh has been
removed.
5. Our Bank has recently announced operational guidelines on mourning leave and half
day casual leave. Which of the following statements in this regard is not true?

a. The mourning holiday shall not exceed -07-(seven) days at a time, including
weekends and holidays.
b. Family members for the purpose of bereavement leave include spouse,
children, parents, brothers/sisters, in-laws, and brothers/sisters of the
spouse.
c. An employee can request casual leave of 1.5 days, 2.5 days, 3.5 days without
violating the 4-day casual leave limit in a row.
d. Half Day Casual Leave-24-hours before can be taken after applying

Note: Family members for the purpose of bereavement leave include spouse,
children, parents, brothers/sisters, in-laws.

6. Which of the following statements regarding our bank's deposit scheme bob earth
green term deposit is not correct?

a. The purpose of accumulating resources under this deposit scheme is

specifically to fight global warming, tackle the issues of climate change, and
promote a greener planet.
b. The deposit scheme which is available for 6 tenures i.e. 1 year, 1.5 years, 777
days, 1111 days, 1717 days and 2201 days.
 c. The maximum deposit amount fixed under this deposit scheme is Tk 10.00
crore.
d. The ROI paid for deposits under this scheme is 10 basis points less than
that of ordinary deposits.

The RBI has released 14 targets for its centenary celebrations in April 2035

From positioning itself as the model central bank of the Global South to capital account
liberalisation to the rupee's globalisation and reviewing the monetary policy framework, the
Reserve Bank, which is in the last decade of reaching a century in 2035, unveiled a roadmap
for the centenary celebrations with 14 ambitious targets.

Other key goals aimed at enhancing the country's footprint around the world include deeper
financial inclusion, which has seen tremendous success over the past decade, not only in its
regional jurisdiction, but globally; Widening financial inclusion, creating safeguards against
payment fraud, and addressing the balance between price stability and economic growth
from the perspective of emerging market economies, among others ·

While announcing the monetary policy review on Friday, Governor Shaktikanta Das said, "As
the Reserve RBI@100 Bank approaches its centenary year, our fast-growing economy will
be more prepared to be future-ready." He said the central bank has laid out strategies for the
next decade, which includes policy measures to establish the RBI as "a model central bank
in the Global South" and has appealed to observers of the economic and financial system to
take a closer look at these action plans.

The Global South generally refers to regions and countries such as India, Brazil, Mexico,
China, Latin America, and Africa that are underdeveloped economies or low-income
economies. The RBI@100 roadmap lists 14 key goals, which are more ambitious in nature
and aims to refine monetary policy communications and tackle spillovers in emerging
markets from private and public debt overhangs in systemically important economies.

Fourteenth Century Goals:

1. Monetary Policy and Liquidity Management
2. Globalization of our financial sector
3. Develop the supervision of the Reserve Bank as a global model
4. Deepening and universalizing digital payment systems domestically and globally
5. Strengthening financial inclusion
6. Increase the availability of credit
7. Liberalization of capital calculation and internationalization of rupee
8. Tackling climate change
9. Adoption of AI/ML in Reserve Bank
10. Financial Sector Cloud Infrastructure
11. Transformational Changes in Data Collection, Processing, and Storage
12. Protecting Users Against Payment Fraud
13. Building a Secure Global Financial Messaging Hub
14. Prepare the future of the Reserve Bank's human resources and infrastructure.

7. As per the guidelines of our bank, as per the clawback provision for repayment to DSA,
what should be the recovery/adjustment% of incentives/repayment if the home loan
sourced by DSA is taken within 10 months of first loan disbursement? Answer: 50%
(See Circular No.). BCC: BR:116/369 dated 21.06.2024.

8. The Financial Action Task Force (FATF) identifies jurisdictions with weak measures to
combat money laundering and terrorist financing (AML/CFT) and issues two lists.
Choose the right combination of lists –
 a. Blacklist and white list
b. Red List and Yellow List
c. Blacklist and grey list
d. Green List and Red List

9. The RBI has decided to put in place a revised framework of currency swap mechanism
for SAARC countries between 2024 and 2027. How many countries are members of this
association? Answer: 8

The South Asian Association for Regional Cooperation (SAARC) was established on
December 8, 1985. The eight member states of SAARC are Afghanistan, Bangladesh,
Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

10. RBI has launched an exclusive 2 hour window called eQuery to provide a platform for
fintechs to get clarity and discuss fintech-related queries directly with RBI
officials.

July '24 News Flash

1. 1st July holds importance in Indian history because many significant events took place in
India on 1st July. Which day is not celebrated every year on July 1 in India?

National Doctor's Day

GST Day
Chartered Accountants Day
RBI Foundation Day

2. The Reserve Bank of India has joined a multilateral international initiative called
_________ to enable instant cross-border retail transactions by interlinking the Domestic
Fast Payment System (FPS).
Project Nexus
Project Fastchain
Project Multilink
Project ASEAN

3. As per the RBI's draft guidelines on import-export transactions, no advance remittances

should be allowed for ________ imports unless specifically approved by the RBI.

Crude oil and related products

Gold & Silver
Agricultural Products
Natural Resources

4. To enhance the valuation capabilities of our internal rating system Bibicon, our Bank has
introduced the Parental Notch Up approach for Large Corporate, SMEs and all infra
 rating models . For more information, please refer to Notification No. BCC:BR:116:398
dated 01.07.2024.

5. Which of the following statements is not correct regarding the guidelines for Centralized
Positive Pay System (CPS) system in our bank?

a. CPPS through branch inspection mode is available to any branch in India

irrespective of the base branch location. B. The signature of the customer along with EC
number and stamp in the CPPS application form should be duly attested by the Branch
Officer. c. Branches shall keep CPPS confirmation requests in safe custody and its records
shall be maintained in a separate register. d. CPPS applications cannot be accepted if they
are accepted by courier or submitted by the customer in the cheque drop box.
Note: As per the guidelines of our Bank's Centralized Positive Pay System (CPPS) system,
CPPS confirmation through branch visit mode can only be obtained at the base branch. To
know more please refer to notification number HO/BR/116/149 dated 02.07.2024.

6. As per SEBI's new guidelines for Credit Rating Agencies (CRAs) which will come into
effect from August 01, 2024, CRAs will have to report ratings to companies within one
working day of the rating committee meeting, with an external limit being set to ensure
urgency.

7. The central element of the Baroda Apex Academy logo is called "The Knowledge
Torch"

8. Bank of Baroda has signed budding indian tennis player mr. sumit nagal as its brand
endorser.

9. Our bank's 'Baroda Radiance' customer segment, consisting of HNI and Ultra HNI
customers, is provided with dedicated relationship managers across the top 30 cities,
catering to their wealth management requirements.

10. The Reserve Bank of India has allowed the use of Brickwork Ratings India Private
Limited's rating for loans up to Rs 250 crore .

11. RBI has allowed opening of forex account in Gujarat International Finance Tech-City
(GIFT City) where remittances can be made for all purposes permitted under LRS.
Expand LRS in this context. Answer: Liberalized Remittance Scheme

12. I'm an individual with a strong social media presence, known for providing financial
advice, sharing personal finance management experiences, and discussing a wide
range of investment topics, including stocks, budgets, property, cryptocurrency, and
financial trends. Recently, the Securities and Exchange Board of India (SEBI) has
been vocal about regulating my activities. What am I called?

Options: a. Money management blogger b. Social media influencer c. Stock market guru d.
Finance-focused YouTuber

13. Which of the following statements regarding the guidelines for raising the "Conduct
Warning(s)" is not correct?
 (I) Wherever there is doubt about the customer's activity, behavioral alerts should
be raised through the amAlert menu.
(II) Behavioral alerts can be raised for both customers and non-customers.
(III) Behavioral alerts are submitted to the Centralized Transaction Monitoring Unit
(CTMU).
(IV) The CTMU will fill in the desired information with a clear ground of
suspicion when reporting to FIU-IND.

14. The Bank of Baroda was established on 20 July 1908 by Maharaja Sayajirao Gaekwad
III. On 19 July 1969, the Government of India nationalized the bank along with other
major commercial banks of India.

15. The theme for Bank of Baroda's 117th year is ' Trusted Today', 'Transforming
Tomorrow'.

16. Which of the following is not a new initiative to mark the 117th Foundation Day
celebration of Bank of Baroda -

I. GenAI-powered Virtual Relationship Manager.

II. BobPay UPI Payments PSP App
III. Baroda MdgnNext Mobile App
IV. Piloting of seven digital branches
17. Which of the following statements is incorrect about banking and finance initiatives
in the Union Budget 2024-25?

I. A model skill loan scheme will be revised to facilitate loans up to Rs 7.5 lakh for
skills.
II. Youth who will be given financial assistance for higher education up to Rs 10
lakh in domestic institutions are not eligible for any benefit under government
schemes and policies.
III. For those who have successfully repaid previous loans, the Mudra loan
limit under the 'Yuva' category will be increased from Rs 10 lakh to Rs 15
lakh.
IV. Credit guarantee scheme will be provided without collateral or third party
guarantee for MSMEs for purchase of machinery and equipment.

18. Which of the following statements is incorrect regarding loan assistance to

MSMEs during a period of stress as per the Union Budget 2024-25?

i. A new system will be established to facilitate MSMEs to continue bank loans

during their period of stress.
ii. The government will provide up to Rs 3,000 per month for 2 years for
each additional employee.
iii. Financial assistance will be provided for setting up 50 multi-product food
irradiation units in the MSME sector.
iv. The turnover threshold for buyers will be reduced from Rs 500 crore to Rs 250
crore for mandatory on-boarding on the TRDS platform.

19. According to the RBI's draft guidelines on liquidity standards, banks may have to pay
an additional 5 per cent __________ for retail deposits that have internet banking,
mobile banking and Unified Payments Interface (UPI) facilities.

I. Add-on factor
II. Run-off factor
 III. Notch-up factor
IV. Push-off factor
20. Which party in RBI's regulatory sandbox was theme-neutral i.e. under the
regulatory sandbox this group will not be restricted to any particular theme or focus
area.
Additional Information – The regulatory sandbox allows regulators, innovators,
financial service providers, and customers to conduct field experiments to gather
evidence of the benefits and risks of new financial innovations while monitoring and
containing their risks.

I. Third
II. Fourth
III. Fifth
IV. Sixth

21. The Reserve Bank of India's DPI index stood at 445.50 for the month of March 2024,
up from 418.77 for September 2023. What is the full form of DPI?

i. Digital Payment Indicator

ii. Digital Payment Index
iii. Digitalization Payment Index Fourth
iv. Digitalization Payment Initiatives

22. According to Reserve Bank of India guidelines, a "major defaulter" for commercial
banks means a defaulter with an outstanding amount of ₹_______ or more, and
where the case has been filed; Or whose account is classified as ___________.

a) 1 Million; Harm
b) 5 Million; Suspicion or damage
c) 10 Million; Harm
d) 1 Million; Suspicion or damage

August 24 News Flash

1. According to RBI's draft framework on alternative authentication mechanism for digital

payment transactions, all digital payment transactions, except current card transactions,
will ensure that a reason for authentication ________ be created.

Additionally
Dynamically
Alternatively
Systematically

2. As per RBI's draft framework on alternative authentication mechanisms for digital

payment transactions, the definition of authentication factor does not include any of the
following:

Anything the user knows (e.g. password, passphrase, PIN)

The user has something (such as card, hardware, or software token)
Something that the user uses (such as fingerprints or any other form of biometrics)
 What the user says (such as voice recognition or voiceprint)

3. Which Indian fintech company has recently announced to acquire a controlling stake in
Rediff.com??

CRED
Zerodha
Infibeam Avenue
Razorpay

4. Which of the following is not a correct/correctly described feature of BSBD (Basic

Savings Deposit Account)?

Basic Savings Bank Deposit Holder is not eligible to open any other savings bank
deposit account in the same/other bank.
A new passbook is issued to the customer by visiting the branch in person.
Up to 30 check holidays in a year will be allowed free of charge.
A certain limit on the number and value of deposits that can be made in a month.

5. Branches have to confirm several points before opening a Sukanya Samriddhi account.
Which of the following is not a correctly described option?

The Girl Child Cast ID should be mandatorily enriched with the Guardian Cast ID in
MRCR.
Girl Child Cast ID and Guardian Cast ID KYC/cKYC compliant/PAN & Aadhaar should
be mandatory.
A maximum of two SSY accounts can be mapped to the Guardian Cast ID.
Opening special case accounts will only be verified by the regional office.

6. As per the recent guidelines of IBBI for creditors in insolvency proceedings, which of the
following is not an accurate statement –

Creditors will now contribute to the preparation of the marketing of the corporate debtor's
assets, if necessary, a task that so far has only been left to the bankruptcy professional.
Creditors must resolve any internecine disputes between members, especially in
the case of claims, especially through litigation.
The CoC is required to regularly monitor the activities of the bankruptcy professional (IP)
and seek rationale for the decision/action taken by him/her.
The CoC is required to investigate the details of all litigations filed against or by the
corporate debtor from the IP and recommend necessary actions to protect the interests of
the corporate debtor.

7. The RBI has proposed to introduce ________ payments to UPI which "allows an
individual (Primary User) to set the limit of UPI transactions for another person (Second
 User) in the bank account of the Primary User."

Options
Delegated
Offline
Automatic

8. Which of the following is not a properly stated declaration made by RBI in the
Statement of Developmental and Regulatory Policies dated 08.08.2024?

Personal repository of digital lending applications

Increasing the transaction limit for paying taxes through UPI
Introduction of Delegated Payments via UPI
Continuous clearing of cheques under Cheque Transaction System (CTS)

9. As per the recent IBBI notification, unique identification number is mandatory for all
________ prepared under the Insolvency Act from 12.08.2024.

Valuation Report
Forensic Audit Report
Information Memorandum
Claim Form

10. Our bank has opened its second phygital branch in Hyderabad. The bank aims to
launch seven such phygital branches across the country as a pilot project.

11. In case of UPI circle-delegate payment, the maximum monthly limit of the delegation will
be Rs 15,000 .

12. Recently, the RBI gave approval to IndusInd Bank to set up a wholly-owned
subsidiary focused on the asset management business of mutual funds.

13. The Reserve Bank of India has banned the use of algorithms in borrower selection
by P2P lending platforms.

Opt: 1. Algorithm 2. Due Diligence 3. DSA 4. Block Chain

14. Infrastructure Bonds Exempt from CRR and SLR requirements provides an advantage
to banks.

Opt: 1. Minimum Capital 2. SEBI Disclosure 3. CRR and SLR 4. NHAI

15. The Reserve Bank of India (RBI) has expanded the scope of UPI to include _______,
which is the second offer on UPI after RuPay credit card.

Opt: 1. All credit cards 2.Buy Now Pay Later 3.Swift Payment 4. Pre-approved credit lines
16. Recently, the Governor of the Reserve Bank of India, Shri Shaktikanta Das, in a speech,
referred to the Unified Lending Interface. What is the primary objective of the upcoming
Unified Lending Interface (ULI) platform in India?

Making it easier for large corporates to get credit

Boosting Financial Product Innovation
Improving credit access for MSMEs and agricultural borrowers
Digitizing Land Records

17. The RBI Governor's address at the RBI@90 Global Conference marked the launch of
New Trinity as a transformative step in India's digital infrastructure journey. What does the
"New Trinity" consist of?

Aadhaar, UPI, Digital Rupee

Jain Dhan Account, Aadhaar, UPI
JAM, UPI, ULI
Jan Dhan Account, UPI, Digital Lending Interface

18. As per the government guidelines for the prevention and control of dark patterns, which
of the following is not a type of "specific dark patterns"?

False emergency
Basket snatching
Ensure Shame
Subscription Bait

19. Global Fintech Fest (GFF) is an annual Fintech conference organized by the Payments
Council of India (PCI), National Payments Corporation of India (NPCI) and ___________

1. FRC – Fintech Regulatory Council 2. FTC – Fintech Trade Council 3. FCC – Fintech
Convergence Council 4. FGC – Fintech Global Council

20. According to a recent news article, the WADTDR on new rupee term deposits of
commercial banks stood at 6.48 per cent in July 2024, up from 6.46 per cent in June 2024.
What does WADTDR mean in this reference?

Weighted Average Deposit to Date Ratio

Weighted Average Domestic Term Deposit Rate
Weighted Average Loan Term Deposit Rate
Weighted average duration of time deposit rates
September '24

1. HDFC Bank is in talks with local asset managers to issue __________ to sell the ₹100
billion ($1.2 billion) loan portfolio.
Pass through certificate
Payment is made through certificates
Plain Certificate
Pass through claims
What are PTCs and how do they work? According to the Securities Contract Act, PTC is a
debt instrument with rights over assets backed by cash flows. Pass-through certificates have
a variety of underlying tangible assets, such as home loans, auto loans, microfinance loans,
commercial loans, trade receivables, etc. Commercial or consumer credits are sold on a
special purpose bankruptcy vehicle (SPV/trust), which issues debt instruments to investors.
This process is known as securitization. In simple terms, PTC is a certificate issued to
investors against securities issued. Investors have proportionate rights over assets
(collectively owned by a trust) and earn income. PTCs look for alternative investment
avenues with higher yields as an alternative option for institutional investors in HNI High Net
Worth Individual (HNI), Ultra HNI and high ticket sizes. Pass-through certificates are
emerging financial products that help investors achieve their goals.
2. In 2023, the RBI decided that the ________ category of investments made by banks will
be a separate investment subcategory within FVTPL (fair value through profit or loss).
Options: 1. Held to maturity 2. Available for sale 3. Held for trading 4. Held for sale

3. By which year does India aim to achieve net zero carbon emission?
Opt: 1.2037 2.2047 3.2060 4. 2070

4. Developed by NPCI, Unified Payments Interface (UPI) is a real-time payment system that
facilitates P2P and P2M transactions. What does P2P mean?
Opt: 1. Peer to peer 2. Phone to phone 3. Point to point 4. Person to Person

5. Which of the following is not a recent revision properly described in our bank's msme
schemes?
Opt: 1. Baroda Property is the third party property included in the Pride product scheme. 2.
The maximum age limit for financing solar projects has been increased to 75. 3. E-vehicles
included in the commercial vehicle finance scheme. 4. The minimum age for loan against
guarantor property has been reduced to 18 years.
6. Guarantor: Under the recent amendments in our bank's MSME schemes, the minimum
age for loan against property has been reduced from the existing 23 years to 21
years.

7. The Union Finance Ministry is planning the "One State, One _______" policy to improve
their efficiency and avoid undue competition among public sector banks.
Opt: 1. Co-operative Banks 2. Non-Bank Financial Companies 3. Regional Rural Banks 4.
NABARD Office
 8. Which Indian bank has announced that it will become a signatory to the partnership of
Carbon Accounting Financial (PCAF)?
Answer: Union Bank of India
9. A _______ attack is a phishing attack that exclusively targets high-level executives or
officials. In this attack, the attacker usually impersonates a colleague within the target
organization or an equal or higher-level colleague or associate from another organization.
Opt: 1. Whaling 2. Vishing 3. Farming 4. Angler Fishing
10. The ____________ has notified the National Bank for Financing Infrastructure and
Development (NABFID) as a 'Public Financial Institution' under the Companies Act.
Opt: 1. Ministry of Corporate Affairs (MCA) 2. Reserve Bank of India 3. Department of
Financial Services 4. Council of Ministers (GOM)
11. The moratorium allowed under the Bob Green Hydrogen (GH2) financing scheme will be
as per the implementation schedule but should not exceed ____ years.
Opt: 1. One 2. Two 3. Three four . Four
12. The Union Finance Minister is scheduled to launch the NPS Vatsalya Scheme on
September 18, 2024 that will allow parents to invest in pension accounts to ensure long-
term wealth with the ability to save and compound for the future of their children.

13. What is the name of the JNAI-powered virtual relationship manager launched by Bank of
Baroda for 24/7 customer service? Answer: Aditi

14. The MSME Ministry recently announced that the CGTMSE scheme will now include
enhanced credit guarantee for women-owned MSME units, with a guarantee of 90%.
15. India's technical compliance gaps should be addressed... In India's mutual assessment
report, the Financial Action Task Force (FATF) said to establish clear obligations
regarding domestic PEPs. What is the full form of PEP in this context?
Opt: 1. Private Economic Participant 2. Privileged Executive Personnel 3. Politically
exposed people 4. Publicly excommunicated persons

16. According to the analysis of preference sector loans provided in the RBI Bulletin
September 2024, PSL shares of Indian banks are affected by _________________
Opt: 1. PSL Target 2. Branch Network and Rural Penetration 3. Technical and digital
capabilities 4. Asset Quality
17. In India, an entity is considered a "startup" for up to 10 years from the date of its
incorporation and registration if it meets the conditions set out regularly.

Startups – The term startup refers to an organization in the first stage of operation.
Startups are founded by one or more entrepreneurs who want to develop a product or
service for which they believe there is a demand. These companies usually start with high
costs and limited revenue, which is why they seek capital from various sources, such as
venture capitalists. India now boasts the third largest startup ecosystem in the world, with
over 140,000 registered startups and a unicorn emerging every 20 days. This growth has
been supported by top-tier higher education institutions, government capital expenditure,
and extensive internet penetration. However, to maintain this momentum and achieve the
 vision of a developed India by 2047, education, entrepreneurship and employment need
to be integrated more effectively. The growth potential is significant, especially when
India's startup ecosystem is compared with that of the US and UK. If 5 per cent of Indian
graduates follow global trends, 50,000 new startups could be created annually, creating
lakhs of jobs. To achieve this, India needs to rethink its higher education metrics, with an
emphasis on entrepreneurship alongside traditional placement rates.

18. Under the NPS-Vatsalya scheme, parents or guardians can make grants on behalf of
their minor children where the minimum amount will be ₹ 1000 per year and there will
be no maximum contribution limit.

The Global Capability Center, also known as GCC or GIC, is an offshore unit of
multinational corporations that operate worldwide. These centers were responsible for
providing various support services such as IT, finance, human resources, and analytics to
their parent companies. Global capability centers allow organizations to focus on their
core competencies while mastering centers in different locations. These functions
collectively support strategic objectives, increase operational efficiency, and provide value
across different business areas. GCC generally refers to an organization's overall
capacity and reach for global business operations. It encompasses various aspects such
as the infrastructure, resources, talent, technology, and processes required to operate
globally. GCCs may involve a combination of internal capabilities and outsourced
services, including BPO, KPO, and BPM, to achieve global efficiency and
competitiveness. BPO (Business Process Outsourcing) Outsourcing refers to non-core
business processes, outsourcing knowledge-intensive work within KPO (Knowledge
Process Outsourcing), BPM (Business Process Management) refers to the global ability
of an organization to optimize business processes, and GCC refers to the global ability of
an organization to conduct business.
19. As per our bank's guidelines on cross sell matrix for retail loans, the benchmark cross sell
ratio for auto loans is ______.
Opt: 1.2:1 2.1:2 3.3:1 4.1:3
20. As per our Bank's Staff Accountability Policy 2024 (Version 2024), all advance accounts
approved or reviewed by the branch with classification of scale I, II or III are classified as
_______________ for the purpose of taking an approach on staff accountability checks.
Opt: 1.D level account 2. C Level Account 3. B Level Account 4. A Level Account
21. According to the Reserve Bank's research study titled 'Status of Digital Financial Literacy
in Lakshadweep Islands: Bottlenecks and Way Forward', the main barrier to digital
financial inclusion in Lakshadweep Islands was poor _____________.
Opt: 1. Power connection 2. Internet connection 3. Road communication 4. Governance
October'2024
1. The RBI recently directed gold loan providers to review policies and practices. Which
of the following is NOT one of the list of deficits during gold loan review by RBI?

i. The share of gold loans disbursed in cash in total gold loans disbursed was higher in
some companies and the statutory limits specified under the Income Tax Act, 1961 in
cash mode of disbursement were not adhered to in many cases.
ii. In the case of non-agricultural loans, gold ownership is not usually verified.
Obtaining and retaining lack of proof or proper documentation in case of
agricultural gold loans.
iii. Many loan accounts have been closed within a short period of approval i.e. within
a few days, raising doubts about the economic rationale of such a move.
iv. The system includes non-classification of gold loans as NPAs, perpetual
greening through renewal/issuance of new loans, inadequate monitoring by senior
management/board and inadequate or absence of control over third party
companies.

2. What denominations (both coins and notes) are not available in Bob World Digital
Rupee? a. Tk. 0.50 B. Tk. 1 C. Tk. 2 D. Tk. 5
NFRA - National Financial Reporting Authority
The Government of India National Financial Reporting Authority (NFRA) under sub-section
(1) of Section 132 of the Companies Act, 2013 was constituted on October 01, 2018.
Functions and Duties:
As per subsection (2) of Section 132 of the Companies Act, 2013, the duties of NFRA are:
1. Recommend accounting and auditing policies and standards adopted by companies
for central government approval.
2. Monitor and enforce compliance with accounting standards and auditing standards.
3. To ensure compliance with the said standards, to supervise the quality of service of
the professions concerned and to advise on measures to improve the quality of
service.
4. Perform such other functions and duties as may be necessary or incidental to the
foregoing functions and duties.

3. TREP Full Form: (Tri Party Repo)

4. Which organization releases PLFS (Periodic Labour Force Survey) Data Survey
Report? Answer: National Sample Survey Office
Note: Data shows that the share of workers in the manufacturing sector was 11.4 percent
while the pre-pandemic level was 12.1 percent. At the same time, people's participation in
agriculture increased from 42.5 percent to 46.1 percent.

5. The classification in T30 and B30 cities is part of a larger classification used by the
Association of Mutual Funds in India (AMFI) to segment the Indian market for mutual
funds. What is the full form of B30? A: Beyond the top 30 cities

6. 'Insurance Trinity', a comprehensive programme aimed at introducing and delivering

an affordable single policy that covers life, health, property and accident insurance.
Insurance Trinity refers to which three component programs included in this
initiative?

I. Insurance Futures, Insurance Carriers and Insurance Jyoti

II. Insurance Sugam, Insurance Future & Insurance Prosperity
III. Insurance Sugam, Insurance Carriers and Insurance Expansion
IV. Bima Samriddhi, Bima Sugam & Bima Jyoti
Note: 'Insurance Trinity', a comprehensive programme aimed at introducing and delivering
an affordable single policy that covers life, health, property and accident insurance.
Insurance Trinity refers to which three component programs included in this initiative?

7. Bank of Baroda (BoB) on Monday launched the 'Bob Masterstroke Savings Account'
for high-end customers and announced cricket legend Sachin Tendulkar as its global
brand ambassador.
 The state-owned bank said the new savings bank account is specifically
designed for customers seeking premium services. Customers have to
maintain a quarterly average balance of Rs 10 lakh in their account.
 The Bob Masterstroke Account has several features including high interest
rates on account balances through the Flexi Fixed Deposit facility, interest
rates on retail loans, Bob World Opulence Visa Infinite Debit Card (Metal
version) and lifetime free Eterna Credit Card (subject to eligibility). Account
holders will also get priority banking/wealth management advice, higher cash
withdrawal limits, and other privileged benefits.

8. What are the criteria set by RBI for identifying Systemically Important NBFCs?

I. NBFCs that are systemically in a kind of co-lending arrangement with

important banks.
II. NBFCs that both lend and accept deposits and the asset size is Rs 1000
crore or more as per the latest audited balance sheet.
III. NBFCs that lend and accept deposits.
IV. NBFCs whose asset size is ₹ 500 crore or more as per the last audited
balance sheet.
9. Atal Pension Yojana (APY), a flagship social security scheme of the Government of
India, has achieved a new milestone with the total enrolment under this scheme. This
milestone has been achieved by enrolling more than 56 lakh people in the current
financial year i.e. 24-25, the PFRDA said on Tuesday. As of September 28, 2024, the
AUM of APY was Rs 41,120 crore, government data showed.

10. Monetary Policy Position

The position of monetary policy refers to the central bank's approach or

approach towards the direction of monetary policy.

Hawkish stance of monetary policy – In order to keep inflation under control,

hawkish stance favors high interest rates, due to high interest rates, borrowing
(borrowing from banks) will become less attractive.
This will result in a decrease in domestic demand for goods and services. As a result,
the prices of goods and services will remain stable.

Flexible Monetary Policy Position – This involves low interest rates in a monetary
policy position. Low interest rates will entice consumers to borrow from banks and
other sources. As demand increases, the prices of goods and services will
increase/increase. Inflation will bring balance to economic growth and increase
employment. This stance may also lead to a weakening of the country's currency.

Consistent monetary policy position – This occurs when a central bank tries to
expand the overall money supply to stimulate the economy when economic growth
slows. The main goal is to increase spending.
 It is also known as 'Soft Monetary Policy'. It does this by continuing a series of
interest rate cuts, making the cost of borrowing cheaper.

Neutral monetary policy stance – policy does not stimulate (accelerate) or control
(recession) economic growth by rate taxes and government spending. The economic
situation is fine. The original policy rate is not increased or decreased.

Additionally, the MPC unanimously decided to neutralize the position on 09/10/2024.

11. The Government of India has launched a separate channel called the 'Fully
Accessible Route' (FAR), so that NRIs are able to invest in certain securities of the
Government of India. Which of the below mentioned features is correct regarding
FAR?
a. There will be no quantitative limit on the investment of qualified investors in
certain securities
b. There will be a limit on the investment of qualified investors in certain securities at a
particular time
c. The fully accessible route for investment (FAR) also included securities that are not
issued by the government
d. FPI, Non-Resident Indian (NRI), Overseas Citizen of India (OCI) and other
companies are allowed to invest
Note: The Reserve Bank of India (RBI) announced the Fully Accessible Route (FAR)
revision for non-resident investments in government securities on July 29, 2024. New issues
of 14-year and 30-year tenor securities will be excluded from the FAR, although existing
stocks of these securities will remain available for non-resident investment in the secondary
market. Future investments by Foreign Portfolio Investors (FPIs) in these securities will be
subject to certain investment limits and conditions as per the relevant circular. These
changes are effective immediately and aim to regulate foreign investment in long-term
government securities.

Note: The Government of India has launched a separate channel called 'Fully Accessible
Route' (FAR), to enable NRIs to invest in certain securities of the Government of India.
Which of the below mentioned features is correct regarding FAR? The answer is that (a)
there will be no quantitative limit on the investment of eligible investors in certain securities
and (d) FPIs, Non-Resident Indians (NRIs), Overseas Citizens of India (OCI) and other
entities are allowed to invest
12. Why does the central government release advance instalments of tax transfers?
a) To accelerate the capital expenditure of the states.
b) To meet the fiscal deficit of the states
c) To make the states economically self-reliant
d) To improve the health of state financial institutions

What is tax decentralization?

 Tax transfer refers to the distribution of tax revenue between the central government
and the state governments. It is a constitutional process established between the
Centre and the states to allocate certain tax revenues fairly and equitably.
 Article 280(3)(a) of the Indian Constitution states that the Finance Commission (FC)
has the responsibility to make recommendations regarding the division of net income
of taxes between the Centre and the States.
 13. What does the term PPOP mean – when referring to financial results of banking/FIs?
a) Post Provision Operating Profit (PPOP)
b) Pre-Provision Operating Profit (PPOP)
c) Person Operating Profit (PPOP)
d) Past-Present Operating Profit (PPOP)

What is PCA?
 Prompt Corrective Action (PCA) is a framework under which banks with
poor financial metrics are kept under scrutiny by the Reserve Bank of India
(RBI).
 The Reserve Bank introduced the PCA framework in 2002 as a structured
early-intervention mechanism for banks that become undercapitalised due to
asset quality, or become weaker due to declining profitability.
 It aims to examine the problem of non-performing assets (NPAs) in the Indian
banking sector.
 The framework was reviewed in 2017 based on the recommendations of the
Working Group of the Council for Financial Stability and Development on
Resolution Regimes for Financial Institutions of India and the Financial Sector
Legal Reforms Commission.
 The purpose of the PCA is to help alert regulators as well as investors and
depositors if a bank approaches trouble. The idea is to stop problems before
they achieve crisis ratio.

What is the role of RBI in the PCA framework?

 In governance-related measures, the RBI can override the board under
Section 36ACA of the Banking Regulation (BR) Act, 1949.
 An amendment to Section 45 of the BR Act allows the Reserve Bank to
restructure or amalgamate a bank with or without the enactment of a
moratorium with the approval of the central government.
 The RBI, as part of its mandatory and discretionary measures, may impose
appropriate restrictions on capital expenditure except for technical upgrades
within the limits approved by the Board under the revised PCA.

14. The Reserve Bank of India has advocated expanding the Real Time Gross
Settlement (RTGS) system to include which of the following currencies?

a) US dollar, British pound and Russian ruble

b) US dollars, euros and Russian rubles
c) US Dollar, British Pound and Euro
d) British pound, euro and Russian ruble

15. Which industry/sector is expected to transition from the current factor-based solvency
capital regime to risk-based capital (RBC) regime by 2025?
a) Telecom
b) Insurance
c) Configuration
d) SEZ

16. Praising India's economic growth journey, World Bank Chief Economist for South
Asia Franziska Onsorg quoted two estimates that if true, India's GDP could be more
than half. What is one of these assumptions?

a) Women are working as men in productive work

 b) Conversion of informal jobs into formal jobs
c) Opening up the economy by allowing 100% FDI in the banking sector
d) Reform of the current direct tax structure

17. Announced in the Union Budget this year, the Viswas Scheme (Vanchit Ikai Samuh
Aur Vergon Ki Aarik Assistance) is aimed at helping 15 lakh people from the SC,
OBC and Safai Karamchari communities. Which of the following is not a feature of
this project?
a. Individuals belonging to Scheduled Castes (SC) and Other Backward Classes
(OBC) communities whose annual family income is up to Rs 3 lakh will be
eligible to apply for this scheme.
b. Sanitation workers are exempt from any income ceiling.
c. The project will be implemented through the Financial Development Corporation
(FDC) and the lending institutions.
d. The scheme offers interest subsidy of up to 5 per cent per annum on loans
and cash loans to eligible individuals only.

18. After the recent amendment of the Money Laundering Prevention Rules, 2005, our
bank has emphasized the use of _______ as the primary alternative to the
customer's due diligence.
a. eKYC
b. KYC Video
c. cKYC
d. Digital KYC

19. As per the article "COVID-19 and Performance of MSME Clusters in India" on RBI
Bulletin October 2024, which of the following statements is not correct?

a) Expenses related to electricity, rent, and credit services emerge as key factors
impacting the net profit margins of MSMEs in the post-pandemic period.
b) The liquidity and regulatory regime of government schemes like RBI and ECLGS
supported these initiatives in the post-pandemic period.
c) Most MSMEs mainly rely on external financing through bank loans.
d) Companies that received financial support from the government under ECLGS
exhibited NPM without government support in 2022-23.

20. Launched Baroda Direct Car Loan Scheme from 23.10.2024 to promote car loan lead
generated by our bank branches/employees. Under this scheme, the branches have
to ensure/explore that the customer on board should have a minimum of 2 (two)
products in addition to the proposed car loan . (Waiver is available based on
eligibility)

21. Our bank's WhatsApp banking facility is currently available in three languages
namely Hindi, English and Gujarati. For more information, please refer to
notification number BCC:BR:116:641 dated 18.10.2024.

22. As per our bank's guidelines, at what frequency should the GST status of the
borrower be verified/checked on the government portal to ensure legality and
consistency of GST return filing? Choose all that apply.
a) Monthly basis for at least preliminary-6-months for NTB customers
b) Post-disbursement stage on a monthly basis for at least beginner-6-months
for borrowers
c) Renewal time
d) Once in the time of new approval and renewal
 23. Which of the following is not one of the 9 eligible sectors defined in the bank's green
finance framework?
a. Renewable Energy
b. Sustainable Water and Waste Management
c. Sustainable management of living natural resources and land use
d. Sustainable Agriculture

24. Which of the following initiatives related to climate related risks has not been
undertaken by the bank?

a.Launches 'Bob Green Hydrogen (GH2) Financing Scheme'

b.Applied a process for zero liquid discharge.
c.Accepted membership of Partnership for Carbon Accounting Financials (PCAF)
d.An executive level working group has been institutionalized for ESG and CSR
related issues
Note: As per our bank analyst presentation for FY25 Q2 and BRSR reporting, our bank has
come up with all initiatives except for the implementation of a process for zero liquid
discharge.

25. As per the 43rd Half-Yearly Report of the Reserve Bank of India on Foreign
Exchange Reserve Management - September 2024, which of the following
components constitutes the majority of foreign exchange reserves?

a) Gold
b) Foreign Exchange Assets
c) Reserve Trench Position (RTP)
d) Special drawing rights (SDR)

November '24
 1. Banks have suggested phased out the asymmetrical Mumbai Interbank Offered Rate
(MIBOR) and proposed a new benchmark for the interest rate derivatives market with
a balanced 50-50 weight between TREPS (Tri Party Repo) and ______________.
a. Collateral debt and debt obligations in the overnight money market
b. LIBOR (London Interbank Offered Rate)
c. Tri Party Reverse Repo Rate
d. Collateralized loans and debt obligations in the fortnightly currency market

Note: According to the news article - Banks, FIMMDA discussed replacing MIBOR with
parallel rate structure @ Business Standard aired in our news flash on 04.11.2024, banks
have proposed a new benchmark for the TREPS (Tri Party Repo) and COMs balanced
interest rate with a balanced 50-50 weight with a balanced 50-50 weight. However, through
inputs of Mr. Manish Nath Mehrotra, DGM-International Banking, it is informed that the repo
instrument offered by CCIL through anonymous system is CROM, the full form of which is
"The Clearcorp Repo Order Matching System" and not CORM (Collateral Loans and Debt
Liabilities in Overnight Money Market).
Further, as per the CCIL notification dated 29.10.2024, following the introduction of Triparty
Repo (TREP) on November 5, 2018, the previous instrument conducted by CCIL, India has
been discontinued under the name "Collateralized Loans and Debt Obligations (CBLO)".
What are collateral loans and loan obligations?
Collateralized Debt and Debt Liability (CBLO) are money market instruments that allow
short-term lending and lending in the Indian financial system. CBLOs are a way for financial
institutions to manage their short-term funding and investment needs.

The characteristics of CBLOs are as follows:

Collateral: Borrowers deposit securities as collateral through SGL accounts.

Maturation: CBLOs can range from a day to a year, but the most common maturation is
about a week overnight.
Cost of Borrowing: The cost of borrowing is lower in the CBLO market as compared to the
call money market.
Participants: Cooperative banks, commercial banks, insurance companies, mutual funds
and primary dealers are allowed to participate in CBLO transactions.
Market Segment: CBLO has two market segments - General Market and Auction Market.
Advance Repayment: Unlike regular repo, borrowers can prepay the loan

2. The much-awaited IBC Amendment Bill can introduce an out-of-court settlement

process under the code, called ____________.

a. Out of Court Bankruptcy Resolution Process - OCIRP

b. National Financial Information Registry - NFIR
c. Payee Led Resolution Process - CLRP
d. Corporate Insolvency Resolution Process - CIRP

3. Private equity group TPG is planning to set up a $2-3 billion first-of-its-kind green
finance platform in India with a mix of capital infusion and debt.

4. Under the Liberalised Remittance Scheme (LRS), the Reserve Bank allows resident
individuals to send money abroad for various purposes. Choose the wrong option.
 a) Maintenance of close relatives
b) Education
c) Medical
d) Only for any authorized current account transactions

The Reserve Bank of India (RBI) allows resident individuals under the Liberalised
Remittance Scheme (LRS) to send money abroad for various purposes:
 Education: To study abroad

 Treatment: For treatment abroad

 Travel: For private travel to any country (except Nepal and Bhutan)

 Investment: For investment abroad

 Gifts and Donations: To give gifts or donations

 Employment: To go abroad for a job

 Hijrah: For Hijrah

 Maintenance of relatives: To provide for close relatives abroad

 Business Trip: For Business Trips

The LRS limit is USD 250,000 per financial year (April-March). However, there are
some exceptions:
 You can send more than $250,000 for immigration, medical treatment, and
education abroad in need of a country, medical institute or university.
 You can consolidate LRS limits among family members. For example, a family
of four can send up to $1 million.
 You can make remittances under LRS to IFSCs established in India under the
Special Economic Zones Act, 2005.
 You can open and maintain foreign currency accounts with foreign banks to
carry out transactions.

5. Which of the following is not a TReDS platform in India?

a. InvoiceSmart
b. M1xchange
c. Find Solution
d. RXIL (Receivables Exchange of India Limited)
e. C2FO

What is FAR (Fully Accessible Route)?

The Fully Accessible Route (FAR) is an initiative of the Reserve Bank of India (RBI) that
allows non-residents to invest in certain government securities. FAR works in conjunction
with two other routes:

Medium Term Framework (MTF)

For foreign portfolio investment in state and central government securities

Voluntary Retention Route (VRR)

Foreign portfolio encourages investors to make long-term investments in the Indian debt
market
Some features of FAR include:
 There is no quantitative limit
 Qualified investors can invest in certain government securities without any
quantitative limits.
 No minimum residual maturity requirements
 Foreign portfolio investors (FPIs) can make short-term investments in
government bonds with no residual maturity requirement.

6. Our bank will celebrate Student Day on 21st November 2024 with the theme
"Green Horizons: Transforming Tomorrow" and is also observing the month
of November as Student Month. See Notification No. BCC:BR:116:677 dated
05.11.2024 to know more about how to celebrate Students' Day and Student Month.

7. Which of the following is an incorrect statement as per our bank's compulsory

leave guidelines
a. Training more than 10 days may be treated as compulsory leave to
comply with regulatory requirements if access official systems are cut
and the employee is cut off from work duties.
b. Upon returning from compulsory leave, the officer should review and verify the
work record and any actions taken in his absence to ensure smooth transfer.
c. No one should skip or postpone or return from a scheduled compulsory leave
without valid reasoning and prior written approval.
d. While on mandatory leave, no one should have access to the official system
phenacle, hrms, hr connect, client information, or any virtual resource
connected with your work responsibilities for which the mandatory leave has
been allotted.
(See Notice No.) BCC:BR:116:689 dated 11-11-2024 to know more)

8. Our bank has named "Bob Suvidha Term Deposit Scheme" TD 106 to provide the
depositors with the ability to withdraw funds in part of _________________________
amount while earning competitive interest on the remaining balance.

a) Bob Easy Withdraw Deposit

b) Bob Liquid Fixed Deposit
c) Bob Quick Access Deposit
d) Bob Flexible Term Deposit

9. As per our bank guidelines, all clearing cheques of Rs 5.00 lakh and above have to
be refunded by CBOs without CPPS confirmation. In exceptional circumstances, the
CBO/passing officer may pass checks where the CPPS flag is returned as "N" only
after obtaining prior written approval _______ the corresponding one.

a) Head of Branch
b) RM/DRM
c) ZM/DZM
d) Head of CBO

10. As per our Bank's Compliance Policy 2024, which of the following/a specific process
is required to perform compliance monitoring/testing/risk assessment – (Select all
that apply) See Notification No. BCC:BR:116:688 dated 08.11.2024 Need to
know more.
 a) Off-Site Compliance Test Checking
b) On-Site Compliance Test Checking
c) Web-based compliance management system CERMO-Next
d) Action Taken Reports (ATR) on RBI/Other Regulatory Circulars
e) Examining the vertical compliance test of each functional
department/business
f) Compliance Test Check by Compliance Department
g) Monthly Compliance Certificate
h) Compliance Forum
i) Compliance Testing of Branches by ZCO
j) Compliance Testing Test by Data Analytics Cell
Answer: Everything is correct
11. Which of the following statements regarding allotment of margin/liquid assets is
not correct while preparing to file a case in civil court or DRT against the
borrower –
a) Appropriate the credit balance in any current/savings accounts/and/or FDRs in the
name of the borrower/s or guarantor/s before filing a suit.
b) Surrender the LIC policy assigned to the bank and appropriate the surrender value
received from LIC in the account.
c) The income of securities such as NSCs, mutual funds, shares, debentures, etc.
should be allocated/adjusted against the loan account.
d) Do not liquidate any liquid securities as the matter should be decided by the
appropriate authority i.e. civil court or DRT.

12. Bob Masterstroke How much discount is offered on forex markup for savings bank
account holders?
a) 1 Bps
b) 2 Bps
c) 3 Bps
d) 4 Bps
13. State Bank of India has raised ₹10,000 crore through the issuance of its seventh
infrastructure bond. These bonds will be listed on ______________ platform.
a) BSE and NSE
b) SSE and IIE
c) BSE only
d) NSE only
(State Bank of India has raised Rs 10,000 crore through the issuance of its seventh infrastructure
bond.) These bonds will be listed on the Singapore Stock Exchange and India International
Exchange platforms.

14. Govt planning to sell stake in four state-owned banks, _____ to sell shares?
It. IPO B FPO c. OFS D. Private Equity
(The plan under consideration is to sell the stake through an offer for sale on the open
market, the source said.)