What is the primary reason for implementing a 30% market share cap on UPI transactions by NPCI?
Anonymous Quiz
19%
To increase the revenue from digital transactions
52%
To minimize concentration risk and ensure market equilibrium
22%
To promote international transactions through UPI
7%
To phase out older digital payment methods
What recent decision did the Bombay High Court make regarding public sector lenders?
Anonymous Quiz
14%
Allowed them to issue Look Out Circulars
29%
Restricted them from issuing any financial penalties
40%
Declared their issuance of Look Out Circulars as unconstitutional
17%
Granted them increased powers over financial monitoring
According to new RBI guidelines, what action can banks take against accounts suspected of cybercrime?
Anonymous Quiz
14%
Request the account holder to change their password
71%
Temporarily freeze the accounts
6%
Increase the minimum balance requirement
10%
Transfer funds to a secure RBI account
What is the minimum net worth required for a Small Finance Bank to transition into a Universal Bank according to the RBI guidelines?
Anonymous Quiz
48%
₹500 crore
12%
₹750 crore
37%
₹1,000 crore
3%
₹1,250 crore
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
Knowledgist 4 Banking 🎯
When must banks start submitting the Form A Return exclusively on the CIMS Portal?
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