Banking UPSC Questions

Base III Accord' or simply 'Basel III', often seen in the news, seeks to
UPSC - 2015

With reference to 'The Financial Stability and Development Council', consider the following statements :
1. It is an organ of NITI Aayog.
2. It is headed by the Union Finance Minister.
3. It monitors macro prudential supervision of the economy.
Which of the statements given above is/are correct?
UPSC - 2016

What is/are the purpose /purposes of the 'Marginal Cost of Funds based lending Rate (MCIR)' Announced by RBI?
1. These guidelines help improve the transparency in the methodology of the interest rates on advances
2. These guidelines help ensure the availability of Bank credit &interest rates which are fair to the borrowers as well as the banks.
Select the correct answer using the code given below:
UPSC - 2016

The term 'Core Banking Solution is sometimes such in the news . Which of the following statements best describes /describe this term?
1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBI's control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below:
UPSC - 2016

What is the purpose of setting up of Small Finance Banks (SFBs) in India?
1. To supply credit to small business units
2. To supply credit to small and marginal farmers
3. To encourage young entrepreneurs to set up business particularly in rural areas.
Select the correct answer using the code given below:
UPSC - 2017

Consider the following statements:
1. National Payments Corporation of India(NPCI) helps in promoting financial inclusion in the country.
2. NPCI has launched RuPay, a card payment scheme.
Which of the statements given above is/are correct?
UPSC - 2017