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The Governor of RBI is appointed by


A) Board of Directors
B) Central Government
C) Finance Minister
D) None of the above

E) C) and D)
F) B) and D)

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Which of the following is not the work of RBI?


A) Bank of the banks
B) Credit controller
C) Custodian of foreign currency
D) Allocating funds directly to the farmers for agricultural development

E) A) and B)
F) A) and C)

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Which of the following words is not used in Monetary Policy?


A) Cash reserve ratio
B) Repo Rate
C) Bank rate
D) Blue chip

E) C) and D)
F) B) and C)

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The methods of credit control used by RBI includes (i) Open market operation (ii) Changes in CRR and SLR (iii) Selective credit control (iv) Changes in SLR


A) (i) , (ii) and (iii)
B) (ii) , (iii) and (iv)
C) (i) , (iii) and (iv)
D) (i) , (ii) , (iii) and (iv)

E) A) and C)
F) C) and D)

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The chairman of the Central Board of RBI is


A) Governor
B) Deputy Governor.
C) Finance Minister, Govt. of India
D) Prime Minister

E) A) and B)
F) All of the above

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For issuing / printing currency notes, the RBI has adopted a system -


A) Minimum Reserve System
B) Fixed fiduciary system.
C) Maximum limit system
D) Proportional reserve system.

E) All of the above
F) C) and D)

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Which of the following is true about the restrictions on RBI? (i) It is not to compete with the commercial banks. (ii) It is not allowed to pay interest on its deposits. (iii) It cannot engage directly or indirectly in trade. (iv) It cannot acquire or advice loans against immovable property. (v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.


A) only (i) ,(ii) ,(iii) , and (iv)
B) only (v
C) all the above
D) none of the above

E) B) and C)
F) None of the above

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The reserves held by the Commercial Banks over and above the statutory minimum with the RBI are called


A) Cash reserves
B) Deposit reserves
C) Excess reserves
D) Momentary reserves.

E) None of the above
F) B) and C)

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Banking in India is controlled by


A) Union Finance Commission
B) Union Ministry of Finance
C) Union Ministry of Commerce
D) Reserve Bank of India

E) A) and C)
F) None of the above

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Bank rate is defined as


A) Rate of interest charged by commercial banks from borrowers
B) Rate of interest allowed by commercial banks on demand deposits.
C) Rate of interest allowed by commercial banks on time deposits.
D) Rate which RBI purchases or rediscount bills of exchange of commercial banks.

E) All of the above
F) A) and B)

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Central Bank is a


A) Commercial Bank
B) Exchange bank
C) Apex bank.
D) Scheduled bank.

E) None of the above
F) C) and D)

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Which of the following is true that RBI as a banker to the government (i) Maintaining and operating deposit accounts of Central and State Governments. (ii) Receipt and collection of payments to the Central and State Governments. (iii) Making payments on behalf of Central and state Governments. (iv) Providing ways and means advances to the Central and State Governments.


A) Both (i) and (ii
B) Both (iii) and (iv)
C) All the Above
D) None of the above

E) C) and D)
F) A) and B)

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C

The full form of EMI used in the banking sector is


A) Easy Monthly Installment
B) Equal Monthly Investment
C) Equated Monthly Installment
D) Equated Mortgage Investment.

E) All of the above
F) A) and D)

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Which of the following is true about the objectives of RBI trying to achieve- (i) Price Stability (ii) Reduce deficit (iii) Encourage export (iv) Growth


A) Both (i) and (ii
B) Both (iii) and (iv)
C) All the Above
D) None of the above

E) A) and D)
F) B) and C)

Correct Answer

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C

Which of the following is true about the functions performed by RBI - (i) It is the Bank of Issue (ii) It acts as banker to the Government (iii) It is the banker of other banks (iv) It regulates the flow of credit


A) Both (i) and (ii
B) Both (iii) and (iv)
C) All the Above
D) None of the above

E) A) and D)
F) None of the above

Correct Answer

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On which commission's recommendations; Reserve Bank of India was established?


A) Chamberlain Commission
B) Hilton Young Commission
C) Keynes Commission
D) None of the above

E) A) and B)
F) A) and C)

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Which among the following is incorrect?


A) RBI is the Bank of Issue
B) RBI acts as Banker to the Government
C) RBI is Banker's Bank
D) RBI does not regulate the flow of credit

E) All of the above
F) A) and B)

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D

The Reserve Bank of India was established on


A) April 1, 1935
B) July 12, 1982
C) May 26, 2006
D) September 30, 2005

E) A) and B)
F) B) and C)

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Central Bank is an institution which is


A) Privately owned
B) State owned
C) Internationally owned
D) Jointly owned by state and private.

E) B) and C)
F) None of the above

Correct Answer

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The custodian of India's foreign exchange reserve is


A) State Bank of India (SBI
B) Reserve Bank of India (RBI
C) International Monetary Fund (IMF
D) World Bank

E) B) and D)
F) A) and B)

Correct Answer

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Showing 1 - 20 of 23

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