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1.  
Which of these full forms is/are correct?
I. RTGS – Real Time Gross Settlement
II. NEFT – National Electronic Financial Transfer
III. CTS – Cheque Truncation System

Correct Answer: D [Only I and III]

Explanation:

RTGS and CTS are correct; NEFT = National Electronic Funds Transfer.

2.  
About NPCI, which is/are correct?
I. NPCI stands for National Payments Corporation of India.
II. It was promoted by the RBI and the Indian Banks' Association.
III. It operates RTGS.

Correct Answer: A [Only I and II]

Explanation:

I and II correct; RTGS is run by the RBI.

3.  
About the regulators, which is/are correct?
I. PFRDA – Pension Fund Regulatory and Development Authority – regulates the NPS.
II. IFSCA is headquartered in GIFT City, Gandhinagar.
III. SEBI became a statutory body on 12 April 1988.

Correct Answer: D [Only I and II]

Explanation:

I and II correct; statutory 30 January 1992.

4.  
About development banks, which is/are correct?
I. NABARD stands for National Bank for Agriculture and Rural Development and was set up on 12 July 1982.
II. NHB stands for National Housing Board.
III. NaBFID was set up under the NaBFID Act, 2021.

Correct Answer: C [Only I and III]

Explanation:

I and III correct; NHB – National Housing Bank.

5.  
About RBI tools, which is/are correct?
I. MSF stands for Marginal Standing Facility.
II. SDF absorbs liquidity without collateral.
III. LAF stands for Lending Adjustment Facility.

Correct Answer: B [Only I and II]

Explanation:

I and II correct; Liquidity Adjustment Facility.

6.  
About asset quality, which is/are correct?
I. NPA – an asset where interest or instalment is overdue for more than 90 days.
II. SMA stands for Special Mention Account.
III. NNPA is NPA before provisions.

Correct Answer: E [Only I and II]

Explanation:

I and II correct; NNPA is after provisions.

7.  
About laws, which is/are correct?
I. SARFAESI Act was passed in 2002.
II. IBC stands for Insolvency and Bankruptcy Code (2016).
III. PMLA stands for Prevention of Money Laundering Act, 2005.

Correct Answer: A [Only I and II]

Explanation:

I and II correct; PMLA – Prevention of Money-laundering Act, 2002 (in force 1 July 2005).

8.  
Match the abbreviation with its year:
(i) NSDL (ii) CDSL (iii) SARFAESI (iv) IBC
(p) 2016 (q) 1996 (r) 2002 (s) 1999

Correct Answer: B [i-q, ii-s, iii-r, iv-p]

Explanation:

NSDL 1996; CDSL 1999; SARFAESI 2002; IBC 2016.

9.  
About payment abbreviations, which is/are correct?
I. IMPS was launched on 22 November 2010.
II. RTGS has a minimum amount of ₹ 2 lakh.
III. BBPS stands for Bharat Bill Payment Service.

Correct Answer: D [Only I and II]

Explanation:

I and II correct; Bharat Bill Payment System.

10.  
About accounts, which is/are correct?
I. NRE accounts are freely repatriable rupee accounts.
II. FCNR(B) deposits are kept in rupees.
III. BSBDA stands for Basic Savings Bank Deposit Account.

Correct Answer: A [Only I and III]

Explanation:

I and III correct; FCNR(B) is in foreign currency.

11.  
About the economy, which is/are correct?
I. GST came into force on 1 July 2017.
II. FRBM stands for Fiscal Responsibility and Budget Management.
III. WPI stands for Wholesale Purchase Index.

Correct Answer: E [Only I and II]

Explanation:

I and II correct; Wholesale Price Index.

12.  
About international bodies, which is/are correct?
I. ICSID stands for International Centre for Settlement of Investment Disputes.
II. BIS stands for Bank for International Settlements.
III. FATF stands for Financial Action Treaty Forum.

Correct Answer: C [Only I and II]

Explanation:

I and II correct; Financial Action Task Force.

13.  
About schemes, which is/are correct?
I. PMJDY was launched on 28 August 2014.
II. MUDRA stands for Micro Units Development and Refinance Agency.
III. PMJJBY gives accident cover only.

Correct Answer: D [Only I and II]

Explanation:

I and II correct; PMJJBY is life cover (PMSBY is accident).

14.  
About inclusion terms, which is/are correct?
I. JLG stands for Joint Liability Group.
II. CGTMSE guarantees collateral-free loans to micro and small enterprises.
III. RIDF is run by SIDBI.

Correct Answer: E [Only I and II]

Explanation:

I and II correct; RIDF is run by NABARD.

15.  
Match the abbreviation with the body that runs or regulates it:
(i) NPS (ii) NEFT (iii) UPI (iv) CKYC records
(p) CERSAI (q) RBI (r) NPCI (s) PFRDA

Correct Answer: B [i-s, ii-q, iii-r, iv-p]

Explanation:

NPS – PFRDA; NEFT – RBI; UPI – NPCI; CKYC – CERSAI.

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