Which of the following is correct regarding the Reserve Bank of India’s (RBI) instructions on the use of ink for writing cheques?
The Reserve Bank of India has not issued any mandate on the ink colour to be used while writing cheques. However, banks generally recommend blue or black ink since they provide better clarity when scanned under the Cheque Truncation System (CTS).
Knowledge Booster:
Using blue/black ink is a best practice suggested by banks for preventing fraud and ensuring legibility.
Other colours (red, green) may not scan well in CTS, which could lead to processing delays.
English
100 Questions
100 Marks
60 Mins English English35 Questions35 Marks20 Mins English English35 Questions35 Marks20 Mins EnglishAccording to RBI guidelines, banks are required to put in place an escrow mechanism for borrowers whose aggregate exposure in the banking system is equal to or above which amount?
As per the Reserve Bank of India (RBI) guidelines on the conduct of guarantee business, banks are advised to issue guarantees with shorter maturities to minimize risk. Under these norms, what is the maximum normal maturity period permitted for a bank guarantee, beyond which special approval and policy measures are required?
According to RBI guidelines, if five or more counterfeit notes are detected in a single transaction, what action must the Nodal Bank Officer take?
Under the Basic Savings Bank Deposit Account (BSBDA) scheme introduced by the Reserve Bank of India (RBI) to promote financial inclusion and provide basic banking services free of cost, how many free withdrawals per month (including ATM transactions) are typically permitted?
The Lead Bank Scheme (LBS) was introduced in 1969 by the Reserve Bank of India (RBI) with the aim of promoting financial inclusion and rural development. Under this scheme, each _________ in India is assigned a Lead Bank responsible for coordinating credit and banking activities in that region. Fill in the gap.
As part of its in-house digital initiatives that enhanced workflow efficiency and reduced paper-based processes, which organization launched the “Pravaah” portal, recently recognized under the Digital Transformation Award 2025 by Central Banking, London?
Under the Central Bank Digital Currency (CBDC) framework launched by the Reserve Bank of India (RBI), how much minimum balance is required to be maintained in a CBDC wallet used for digital transactions similar to cash?
Which of the following is not one of the “7 Sutras” (core principles) laid out by the RBI’s FREE-AI Committee for the ethical adoption of Artificial Intelligence in the financial sector?
As per RBI guidelines, what is the minimum gold purity required for availing gold loans?
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