Principles & Practices of Banking
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Master the PPB paper with practice questions covering banking operations, KYC/AML norms, NPA classification, Negotiable Instruments Act, digital banking technology, and banking ethics. AI explanations reference specific RBI Master Directions and IIBF textbook sections.
| Difficulty | Questions | Marks Each | Total Marks |
|---|---|---|---|
| Easy | 50 | 0.5 | 25 |
| Medium | 25 | 1 | 25 |
| Hard | 25 | 2 | 50 |
| Total | 100 | — | 100 |
Q1. Under the Integrated Ombudsman Scheme 2021, what is the maximum compensation that can be awarded for deficiency in banking service?
Explanation: Under the RBI Integrated Ombudsman Scheme 2021, the maximum compensation for deficiency in service is ₹20 lakh. The scheme provides a single-point resolution for all banking complaints.
Q2. An advance becomes NPA when interest/principal remains overdue for more than:
Explanation: As per RBI Master Circular on IRAC Norms (DOR.STR.REC.55/21.04.048/2023-24), an advance is classified as NPA when interest/principal remains overdue for more than 90 days.
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Currently 536+ questions. PPB is the most practical paper and we focus heavily on scenario-based questions testing application of banking rules.
Yes. Questions include the latest KYC Master Direction, Digital Lending Guidelines, Integrated Ombudsman Scheme, and updated PSL norms.
Yes. About 25% of questions follow the "Consider the following statements: I, II, III, IV — which are correct?" format, matching the real exam pattern.
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