RBI Assistant / General Awareness

RBI Assistant General Awareness PYQ practice questions

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160 practice questions Answer explanations Why each answer works
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General Awareness PYQ questions with answers

Question 1 / General Awareness PYQ

What product is subject to a ban by G7 countries as part of international sanctions against Russia from 1st Jan 2023?

A. Petroleum
B. Fertilizers
C. Alcohol
D. Diamonds
E. Agricultural products

Correct answer

D. Diamonds

Why

India has requested G7 countries to postpone the ban on Russian diamonds, citing unclear rules on tracing gem origins. As home to 90% of the world's diamond cutting and polishing industry, India's cooperation is crucial. G7 announced a ban on Russian diamonds starting January 1, with phased-in restrictions on indirect imports from around March 1

Question 2 / General Awareness PYQ

Which of the following is not a payment enabler?

A. ATMs
B. Digital Wallets
C. Payment Gateway
D. Online banking portals
E. Mobile banking apps

Correct answer

A. ATMs

Why

Enablers can take many different forms, including mobile banking apps, online banking portals, digital wallets, and other digital tools that provide customers with access to their financial information anytime and anywhere

Question 3 / General Awareness PYQ

Following the recent announcement by the Reserve Bank of India, what is the revised Additional Factor of Authentication (AFA) limit for e-mandates on cards, Prepaid Payment Instruments (PPIs), and UPI for recurring transactions?

A. Rs 7,500
B. Rs 10,000
C. Rs 15,000
D. Rs 20,000
E. Rs 25,000

Correct answer

C. Rs 15,000

Why

The Reserve Bank raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions. It implies, additional authentication will not be needed for payment of Rs 15,000 per transaction.

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