Tuesday, May 24, 2016

1. Financial literacy is a serious issue for RBI, because?
 It would enable better understanding of banking business
 With better understanding more and more people would utilize the banking services
 It would mean banks can do more business
 It would mean the maximum number of people

2. RBI has replanced BPLR regime by Base Rate regime w.e.f?

 July 1, 2010
 July 5, 2010
 July 11, 2010
 July 15, 2010

3. Many a times, we read about Special Drawining Right (SDR) in newspapers. As per in definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?

 World Bank
 International Monetary Fund (IMF)
 Reserve Bank of India(RBI)
 None of the above

4. Reserve Bank of India is?

 an extension wing of Ministry of Finance, Government of India
 India's central banking institution, which controls the monetary policy of the Indian rupee
 an Institution owned by Indian Bank’s Association
 a private sector company

5. Authorised, subscribed and paid up share capital of Reserve Bank of India is?

 Rs.1 crore
 Rs.5 crore
 Rs.50 crore
 Rs. 100 crore

6. Which Bank is the Banker to the Central Government?

 Central Bank of India
 Reserve Bank of India
 Punjab National Bank
 All of these

7. The term ‘Ways and Means’ advances refers to?

 The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues
 the advance given by the Banks to the poorest of the society
 lending made under PMRY scheme
 all of the above

8. The Reserve Bank of India is also called the lender of the last resort of Scheduled Commercial Banks because?

 RBI meets directly or indirectly all the reasonable demands for financial accommodation subject to terms and conditions of the discount rate policy of RBI
 they are not able to get facilities from other Banks
 Both of the above
 None of the above

9. Pledge means? 

 advance against goods
 open working capital limits
 bailment of goods as security for payment of a debt or performance of a promise
 none of the above

10. What are the RBI guidelines for the development of Interest Rate Swaps (IRS)? 

 Banks can use IRS for hedging and Trading both
 MIFOR is a benchmark for IRS
 Under ISDA agreement Banks can opt for dual jurisdiction i.e., Indian as well as common law
 All of the above

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