What action did the RBI advise for lenders found charging excessive interest according to the RBI's recent circular on Fair Practices Code for Lenders?
Anonymous Quiz
9%
Increase the interest rates further
17%
Maintain current practices
71%
Refund the excess interest to customers
3%
None of the above
What was the total gross GST revenue collected in April 2024 in India?
Anonymous Quiz
16%
₹1.92 lakh crore
56%
₹2.10 lakh crore
14%
₹1.70 lakh crore
13%
₹2.50 lakh crore
When must banks start submitting the Form A Return exclusively on the CIMS Portal?
Anonymous Quiz
21%
May 14, 2024
41%
June 14, 2024
18%
July 24 ,2024
20%
December 31, 2024
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When must banks start submitting the Form A Return exclusively on the CIMS Portal?
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What must lenders ensure before the disbursement of funds according to the RBI's new draft framework for Project Financing in Infrastructure and Real Estate Sectors?
Anonymous Quiz
5%
Achievement of financial closure
16%
A maximum moratorium period of six months
15%
A positive net present value (NPV)
64%
All of the above
What can standalone primary dealers (SPDs) now utilize according to the new RBI directive?
Anonymous Quiz
19%
Only domestic currency for borrowing
48%
Foreign currency from international markets
11%
Trade in equities only
21%
Investments in private corporate bonds
What alternative financing models are fintech companies considering following the RBI's new growth directives?
Anonymous Quiz
15%
Only unsecured personal loans
27%
Predominantly high-risk investments
39%
Gold loans and loans against property
19%
Exclusive venture capital funding
What is the primary objective of the partnership between NIPL and the Bank of Namibia?
Anonymous Quiz
9%
To reduce banking fraud
80%
To establish real-time transaction capabilities
4%
To increase interest rates
6%
To promote tourism
What was the reason behind the RBI's initial restrictions on Bank of Baroda's ‘Bob World’ app?
Anonymous Quiz
5%
Poor user interface design
9%
Financial mismanagement
84%
Supervisory concerns related to mobile banking onboarding processes
1%
Lack of customer demand
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