11. The introduction of the “Unified Payments Interface” (UPI) aims to:
a) Facilitate loans to small and medium enterprises (SMEs)
b) Simplify and promote online payments and transactions
c) Regulate foreign exchange transactions
d) Monitor credit card usage
12. The concept of “Open Banking” refers to:
a) Allowing international banks to operate in domestic markets
b) Sharing customer data and information with third-party financial service providers
c) Nationalization of private sector banks
d) Restricting the operations of foreign banks in the domestic market
13. The introduction of the Insolvency and Bankruptcy Code (IBC) aims to:
a) Promote mergers and acquisitions in the banking sector
b) Facilitate the resolution of stressed assets and promote credit discipline
c) Establish a central bank to regulate the banking sector
d) Reduce the role of government in the banking sector
14. The introduction of the “Marginal Cost of Funds-based Lending Rate” (MCLR) aims to:
a) Regulate foreign direct investment (FDI) in the banking sector
b) Align lending rates with the actual cost of funds for banks
c) Promote mobile banking initiatives
d) Ensure transparency in the operations of cooperative banks
15. The introduction of “Priority Sector Lending” (PSL) targets banks to extend a certain percentage of their total lending to:
a) Large corporate borrowers
b) Micro, small, and medium enterprises (MSMEs)
c) Foreign investors
d) Non-resident Indians (NRIs)
