Financial Services — Prelims Questions

Consider the following statements about the Unified Payments Interface (UPI): 1. UPI transactions are processed through the National Payments Corporation of India (NPCI) 2. UPI allows interoperability between different banks and payment service providers 3. UPI transactions are limited to business hours of participating banks 4. UPI uses a two-factor authentication system for all transactions Which of the statements given above are correct?

Which of the following best describes the concept of 'Basel III' norms in the Indian banking context?

The Financial Stability and Development Council (FSDC) in India is headed by:

Consider the following statements about Regional Rural Banks (RRBs): 1. RRBs are jointly owned by the Central Government, State Government, and a Sponsor Bank 2. The ownership pattern is 50% Central Government, 15% State Government, and 35% Sponsor Bank 3. RRBs can operate across multiple states 4. RRBs are primarily meant to serve rural and semi-urban areas Which of the statements given above are correct?

The term 'CASA ratio' in banking refers to: