Daily Banking Awareness Quiz | 1 and 2 January 2024

Which of the following statements is/are correct regarding RBI’s guidelines for inoperative accounts and unclaimed deposits?

1. These guidelines would be applicable to all commercial and co-operative banks.

2. These guidelines have become effective from 1 January, 2024.

3. As per the guidelines, the banks are required by RBI to evaluate those accounts on an annual basis that have not had customer-induced transactions in more than a year.

Select the correct answer using the following codes.

RBI has decided to increase the bulk deposit limit for large UCBs from ₹15 lakh and above to _____________________.

India will become largest metallurgical coal importer in the world by ______.

According to the Finance Ministry, India’s FY24 GDP growth rate is expected to exceed its earlier forecast of _______.

In FY23, gross household savings declined to ______ of GDP.

The tenure of the PLI scheme for the __________________ has been extended by the government by a year.

Finance Ministry permits ______ tranche of electoral bonds from 02 January 2024.

Small Finance Banks (SFBs) will start “Small Banks: Empowering Big Dreams” campaign. These banks shall lend at least ____ of their total advances to priority sectors.