MCQ Subject: Banking & Financial Awareness

What is the primary function of the Depository System introduced in India’s financial markets?

Financial services provided by entities not licensed as banks, which can include lending by unregulated bodies, fall under the category of ______.

Which Basel Accord focuses on improving the resilience of financial institutions by introducing stricter capital and liquidity requirements?

What is the primary focus of the ‘Right to Financial Inclusion’ as per the directives of the Finance Ministry of India?

What is the primary objective of the Financial Inclusion Fund initiated by the Government of India?

Which Indian government scheme, launched in 2014, primarily aims at promoting financial inclusion by encouraging bank account ownership among the unbanked population?

Which of the following rates, set by the RBI, most directly influences the borrowing cost for banks and subsequently affects consumer loan rates?

What is the primary objective of the Unified Payments Interface (UPI) launched by the National Payments Corporation of India (NPCI)?

What is the primary reason for implementing Know Your Customer (KYC) norms in Indian banking?

Which of the following is a primary banking facility provided under the Pradhan Mantri Jan-Dhan Yojana?