6. The Asset Quality Review (AQR) was introduced to:
a) Assess the creditworthiness of borrowers
b) Identify and address the issue of Non-Performing Assets (NPAs)
c) Evaluate the technological advancements in the banking sector
d) Promote digital banking initiatives
7. The introduction of “Prompt Corrective Action” (PCA) framework is aimed at:
a) Restricting lending activities of banks
b) Encouraging excessive risk-taking by banks
c) Promoting mergers and acquisitions in the banking sector
d) Ensuring timely intervention and corrective measures for weak banks
8. The Depositor Education and Awareness Fund (DEAF) was set up to:
a) Promote financial literacy among depositors
b) Provide insurance coverage to depositors
c) Support banks in distress
d) Fund development projects in rural areas
9. Financial Inclusion refers to:
a) Including banks in the stock market
b) Providing access to financial services to all sections of society
c) Promoting electronic payment systems
d) Increasing the availability of credit for corporate borrowers
10. Which committee recommended the introduction of “Payment Banks” and “Small Finance Banks”?
a) Raghuram Rajan Committee
b) Narsimham Committee
c) Nachiket Mor Committee
d) Chanda Kochhar Committee
