📚 Concept Glossary
What is Rbi Master Direction?
Review the following frequently asked exam questions and expert explanations to deeply understand the concept of Rbi Master Direction.
Related Practice Questions
Q299
Consider the following statements, regarding the governance and classification framework of a Digital Banking Unit (DBU):
Module: | Deposits, Reserve Ratios & Branch Authorisation Q237 A credit card account can be reported as 'past due' to Credit Information Companies (CICs) or levied with penal charges only when the account remains 'past due' for more than how many days?
Module: | KYC, NPAs, Advances & Investment Valuations Q236 As per the RBI Directions, 2025, which of the following best defines a "Charge Card"?
Module: | KYC, NPAs, Advances & Investment Valuations Q19 Consider the following statements, regarding the governance and classification framework of a Digital Banking Unit (DBU):
Module: | Capital Adequacy, Basel Norms & Monetary Policy Q13 The Reserve Bank of India (RBI) issues a Master Direction, requiring Authorized Dealer (AD) banks to obtain specific documentation, for certain outward remittances. What is the legal standing of this direction?
Module: | Penalties, Adjudication and Sections Q3 Which of the following statements regarding the additional interest benefit for bank staff are correct?
Module: General Practice Q6 Consider the following statements regarding adjustments for weights in PSL achievement:
Module: General Practice Q9 What is the correct procedure for reporting currency chest diversions?
Module: General Practice Q52 Identify the statement that INCORRECTLY describes the regulatory requirements for Authorized Persons.
Module: General Practice Q23 Consider the following regarding "Third Party Payments" for Export/Import:
Module: General Practice Q3 Which of the following documents is NOT included in the specific definition of "Officially Valid Document" (OVD) for the purpose of verifying identity and address?
Module: General Practice Q93 Consider the following statements regarding the "Shared Responsibility Model" in Cloud Computing for banks.
Module: General Practice Q83 Under the updated RBI Guidelines for "Settlement of Death Claims," once the bank receives all the necessary documents from the claimant (nominee or legal heir), within what time period is the bank mandatorily required to settle the claim?
Module: General Practice Q19 When a Reporting Entity (RE) opens a new account for a customer, it must upload the KYC data to the Central KYC Records Registry (CKYCR). What is the strict timeline for this upload?
Module: General Practice Q18 Consider the following statements regarding Priority Sector Lending (PSL) targets for MSMEs:
Module: General Practice Q415 Scenario: A commercial bank outsources its core banking server hosting to a third-party cloud service provider. Due to a critical failure at the vendor's data center, the bank faces a 12-hour complete system outage, resulting in major financial and customer service losses. Based on RBI guidelines regarding Information Technology outsourcing, consider the following statements:
Module: | MODULE B: RISK MANAGEMENT Q401 Consider the following statements regarding the RBI Master Direction on Credit Default Swaps and the specific categorization of market participants:
Module: | MODULE B: RISK MANAGEMENT
Module: | Deposits, Reserve Ratios & Branch Authorisation Q237 A credit card account can be reported as 'past due' to Credit Information Companies (CICs) or levied with penal charges only when the account remains 'past due' for more than how many days?
Module: | KYC, NPAs, Advances & Investment Valuations Q236 As per the RBI Directions, 2025, which of the following best defines a "Charge Card"?
Module: | KYC, NPAs, Advances & Investment Valuations Q19 Consider the following statements, regarding the governance and classification framework of a Digital Banking Unit (DBU):
Module: | Capital Adequacy, Basel Norms & Monetary Policy Q13 The Reserve Bank of India (RBI) issues a Master Direction, requiring Authorized Dealer (AD) banks to obtain specific documentation, for certain outward remittances. What is the legal standing of this direction?
Module: | Penalties, Adjudication and Sections Q3 Which of the following statements regarding the additional interest benefit for bank staff are correct?
Module: General Practice Q6 Consider the following statements regarding adjustments for weights in PSL achievement:
Module: General Practice Q9 What is the correct procedure for reporting currency chest diversions?
Module: General Practice Q52 Identify the statement that INCORRECTLY describes the regulatory requirements for Authorized Persons.
Module: General Practice Q23 Consider the following regarding "Third Party Payments" for Export/Import:
Module: General Practice Q3 Which of the following documents is NOT included in the specific definition of "Officially Valid Document" (OVD) for the purpose of verifying identity and address?
Module: General Practice Q93 Consider the following statements regarding the "Shared Responsibility Model" in Cloud Computing for banks.
Module: General Practice Q83 Under the updated RBI Guidelines for "Settlement of Death Claims," once the bank receives all the necessary documents from the claimant (nominee or legal heir), within what time period is the bank mandatorily required to settle the claim?
Module: General Practice Q19 When a Reporting Entity (RE) opens a new account for a customer, it must upload the KYC data to the Central KYC Records Registry (CKYCR). What is the strict timeline for this upload?
Module: General Practice Q18 Consider the following statements regarding Priority Sector Lending (PSL) targets for MSMEs:
Module: General Practice Q415 Scenario: A commercial bank outsources its core banking server hosting to a third-party cloud service provider. Due to a critical failure at the vendor's data center, the bank faces a 12-hour complete system outage, resulting in major financial and customer service losses. Based on RBI guidelines regarding Information Technology outsourcing, consider the following statements:
Module: | MODULE B: RISK MANAGEMENT Q401 Consider the following statements regarding the RBI Master Direction on Credit Default Swaps and the specific categorization of market participants:
Module: | MODULE B: RISK MANAGEMENT