Banking Sector Reforms — Prelims Questions

Consider the following statements about the Narasimham Committee recommendations: 1. It recommended reducing SLR from 38.5% to 25% over five years 2. It suggested allowing 100% foreign ownership in private banks 3. It proposed introduction of prudential norms for asset classification 4. It recommended reducing government equity in PSBs below 51% Which of the statements given above are correct?

Which of the following best describes the primary objective of the SARFAESI Act 2002?

Consider the following statements about Basel III norms implementation in India: 1. India implemented Basel III norms ahead of the global timeline 2. Indian banks are required to maintain higher capital adequacy ratios than global standards 3. Basel III introduced Liquidity Coverage Ratio (LCR) requirements 4. The norms apply only to public sector banks Which of the statements given above are correct?

The Jan Dhan-Aadhaar-Mobile (JAM) trinity in Indian banking sector primarily aims to achieve:

Which of the following statements about the Insolvency and Bankruptcy Code (IBC) 2016 is/are correct? 1. It provides a time-bound process for corporate insolvency resolution 2. It gives priority to secured creditors over operational creditors 3. It can be initiated only by financial creditors 4. It has helped in improving recovery rates for banks Select the correct answer using the code given below: