Reserve Bank of India
Finkraft Interview Questions and Answers
Q1. Do you think Fin Tech has a greater role to play in the financial sector?
Yes, Fin Tech has a greater role to play in the financial sector.
Fin Tech has revolutionized the financial sector by introducing innovative solutions and improving efficiency.
It has made financial services more accessible and convenient for customers.
Fin Tech companies have disrupted traditional banking models by offering alternative lending platforms, digital payment solutions, and robo-advisory services.
The use of artificial intelligence and machine learning in Fin Tech has...read more
Q2. Is is practicable for India to achieve 5 Trillion Dollar Economy ? if so, what measures need to be taken according to you
Yes, India can achieve 5 Trillion Dollar Economy by focusing on infrastructure, technology, education, and ease of doing business.
Investment in infrastructure development such as roads, railways, airports, and ports
Promotion of technology and innovation to increase productivity and efficiency
Improvement in education and skill development to create a skilled workforce
Simplification of regulations and procedures to improve ease of doing business
Encouragement of entrepreneurship...read more
Q3. What is central bank digital currency?
Central bank digital currency (CBDC) is a digital form of a country's fiat currency issued and regulated by the central bank.
CBDC is a digital version of a country's currency that is issued and regulated by the central bank.
It is designed to function as a secure and efficient medium of exchange, just like physical cash.
CBDC can be used for both retail and wholesale transactions, enabling individuals and businesses to make digital payments directly to the central bank.
Unlike c...read more
Q4. What is monetization of budget deficit?
Monetization of budget deficit refers to the process of financing government spending by printing new money or borrowing from the central bank.
It involves creating new money to finance government spending
It can lead to inflation and devaluation of currency
It can also lead to increased government debt
Examples include quantitative easing and deficit financing
It is often used as a last resort when other financing options are not available
Q5. Does Brexit going to help UK in future?
Brexit's impact on UK's future is uncertain and depends on various factors.
Brexit may lead to new trade deals with non-EU countries
It may also result in loss of access to EU markets and talent
The impact on industries like finance and agriculture is unclear
Brexit may also affect the unity of the UK
Overall, the long-term effects of Brexit are difficult to predict
Q6. What if green finance?
Green finance refers to financial investments that support environmentally sustainable economic growth.
Green finance includes investments in renewable energy, energy efficiency, sustainable agriculture, and clean transportation.
It also involves the integration of environmental, social, and governance (ESG) factors into investment decision-making.
Green bonds, green loans, and green insurance are examples of financial products that support green finance.
Green finance is becomin...read more
Q7. Flip side of digital economy
The flip side of digital economy is the potential loss of jobs and the widening income inequality.
Digital economy may lead to automation and job displacement
It may also widen the income gap between those with digital skills and those without
Privacy and security concerns may arise with increased use of technology
Digital divide may deepen, leaving behind those who lack access to technology
E-waste and environmental impact of technology may increase
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