Q1 · medium · AI-verified
What is the minimum capital requirement for setting up a Payments Bank in India?
- ₹50 crores
- ₹100 crores
- ₹200 crores
- ₹500 crores
Q2 · medium · AI-verified
Under the Basel III framework, what is the minimum Common Equity Tier 1 (CET1) ratio that Indian banks must maintain?
- 4.5%
- 5.5%
- 6%
- 8%
Q3 · medium · AI-verified
Under which section of the Banking Regulation Act, 1949, can RBI impose penalties on banks for non-compliance?
- Section 42
- Section 35A
- Section 47A
- Section 51
Q4 · medium · AI-verified
What is the current repo rate as announced by RBI in the latest Monetary Policy Committee meeting (as of 2024)?
- 6.25%
- 6.50%
- 6.75%
- 7.00%
Q5 · medium · AI-verified
What is the current repo rate as per the latest monetary policy decision by RBI?
- 6.75%
- 6.00%
- 6.50%
- 6.25%