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.

Insolvency & Bankruptcy Code 2016: In 'NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag', what is the maximum statutory time limit for completing the Corporate Insolvency Resolution Process (CIRP)?

(A)
330 days (including legal extensions and litigation time) (NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag)
(B)
180 days without any extension
(C)
3 years
(D)
60 days
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Q2.

Basel III Accords: In 'NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag', what minimum Capital to Risk-Weighted Assets Ratio (CRAR) must Indian scheduled commercial banks maintain?

(A)
$9\%$ (plus $2.5\%$ Capital Conservation Buffer = $11.5\%$) (NPCI and Digital Payment Systems: UPI, IMPS, RTGS, NEFT, AePS, NETC FASTag)
(B)
$8\%$ flat
(C)
$15\%$
(D)
$6\%$
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