Quiz September 2, 2026

Consider the following statements regarding Non-Banking Financial Companies (NBFCs):

1.     All NBFCs need to register with the RBI.

2.     NBFC cannot accept demand deposits;

3.     NBFCs do not form part of the payment and settlement system.

4.     They can accept public deposits for a maximum period of 15 years.

Which of the statements given above is/are correct?

With reference to the foreign exchange reserves, consider the following statements: 

1. These are assets denominated in a foreign currency that are held on reserve by a central bank.
2. It needs to be noted that most foreign exchange reserves are held in USA dollars.
3. It supports and maintains confidence in the policies for monetary and exchange rate management.
4. It serves as a cushion in the event of a Balance of Payment (BoP) crisis on the economic front

Which of the statements given above is/are correct? 

In the context of Masala Bonds, consider the following statements: 

1. In India, the masala bonds were first introduced by the New development bank.
2. Masala Bonds are debt instruments that help to raise money in local currency from foreign investors. 
3. Masala bonds can be subscribed by any resident of that country, which is a member of the Financial Action Task Force. 

Which of the statements given above is/are correct?   

With reference to the Digital Banks, consider the following statements: 

1. Digital Banks are full-scale banks to be licensed under the Banking Regulation Act.
2. They will follow all prudential and liquidity norms at par with the commercial banks. 
3. These banks are expected to ensure credit penetration to underserved MSMEs and retail customers.

Which of the statements given above is/are correct?

Consider the following reports:

1. World Economic Outlook
2. Global Financial Stability Report
3. World Development Report
4. The Financial Stability Report

Which of the reports mentioned above are published by the World Bank?