• 1. Small Finance Bank mainly finance small business units, small and marginal farmers and unorganised sector entities.
    2. They do not distribute financial products such as mutual funds and insurance.
    3. Payments banks can apply for conversion into small finance banks SFBs after five years of operation.
    Which of the above statements is/are correct?
  • 1. NEFT has become a 24×7 facility on all days except on bank holidays.
    2. NEFT has no upper limit to the transaction amount.
    3. NEFT transactions will only be credited to the beneficiary account in batches, unlike the Immediate Payment Service (IMPS) system.
    Which of the above statements is/are correct?
  • 1. IMPS is designed to be used for transferring small amounts with caps at ₹2 lakh per day.
    2. IMPS transactions are not chargeable.
    3. IMPS transaction can be done offline by visiting a bank branch.
    Which of the above statements is/are correct?
  • 1. Fugitive Economic Offender (FEO) is any individual against whom a warrant for arrest in relation to a scheduled offence has been issued by any court in India and the person has left India so as to avoid criminal prosecution.
    2. The special court can declare suo moto an individual as fugitive economic offender if he/she holds properties or the value of such properties believed to be the proceeds of crime.
    Which of the above statements is/are correct?
  • 1. For the first time, the entire genome of Asiatic lion has been sequenced by scientists from CSIR-Centre for Cellular and Molecular Biology.
    2. At present the only home of Asiatic lion is Gir National Park and Wildlife Sanctuary with over 1000 animals present in the Gir forests.
    Which of the above statements is/are correct?

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