Banking & Insurance - General, Financial & Banking Awareness

Fintech, Payment Systems & Money Market question bank (Digital Banking & Financial Markets)

Practice 67 free Banking & Insurance - General, Financial & Banking Awareness Digital Banking & Financial Markets - Fintech, Payment Systems & Money Market questions with answers and step-by-step solutions.

Q1.

Banking Awareness: What is the primary function or statutory mandate of 'NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag'?

(A)
Official regulatory mandate under the RBI Act 1934 or Banking Regulation Act 1949 (NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag)
(B)
Unregulated commercial speculation
(C)
Fictitious financial authority
(D)
None of these
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Q2.

Monetary Policy Instruments: In 'NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag', the rate at which the Reserve Bank of India lends short-term funds to commercial banks against government collateral is:

(A)
Repo Rate (Repurchase Option Rate) (NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag)
(B)
Reverse Repo Rate
(C)
Bank Rate
(D)
Standing Deposit Facility (SDF)
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