MCQ Subject: Banking & Financial Awareness

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?

Which Indian financial regulatory body is primarily responsible for protecting the interests of investors in the securities market?

Which bank merged with Bharat Financial Inclusion Ltd. (BFIL) in 2021?

Which Indian government scheme, launched after 2014, primarily aims to promote financial inclusion by encouraging bank account ownership among the unbanked population?

Which financial instrument is primarily used by the government for short-term liquidity management and borrowing needs?

What is the primary distinguishing feature of the Unified Payment Interface (UPI) in India’s digital payment landscape?

What type of bank account is most commonly associated with the feature of allowing a zero balance without imposing penalties?

Which service is primarily responsible for resolving disputes between banks and their customers in India?

What is the primary characteristic that defines a ‘Shadow Bank’ in the context of financial systems?