IBPS PO Prelims 2023 - Official Solved Paper & Trend Analysis
- Each question is followed by 4 alternative choices. Choose only the single best response.
- Each correct response carries +1 marks. Each incorrect answer incurs a penalty of -0.25 marks.
Under Section 42(1) of the RBI Act, 1934, scheduled commercial banks must maintain a minimum percentage of their Net Demand and Time Liabilities (NDTL) as cash balance with the RBI. (Note: Statutory Liquidity Ratio / SLR is mandated under Section 24 of the Banking Regulation Act, 1949).
For Domestic Scheduled Commercial Banks and Foreign Banks with 20 branches and above, the overall PSL target is 40% of Adjusted Net Bank Credit (ANBC) or CEOBE (Credit Equivalent of Off-Balance Sheet Exposure), whichever is higher. Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) have a target of 75%.
NPCI is an initiative of RBI and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007. It is registered as a Not-for-Profit Company under Section 8 of the Companies Act 2013.
Official Answer Key Summary
Subject Weightage Breakdown
| Subject / Domain | Questions Count | Weightage (%) |
|---|---|---|
| Reserve Bank of India Regulations | 1 | 33% |
| Priority Sector Lending | 1 | 33% |
| Payment Systems Infrastructure | 1 | 34% |