1. State Bank Day is celebrated
on ______
on ______
(a) July 1st
(b) August 1st
(c) June 1st
(d) September 1st
(e) None
2. Whenever banks have
shortage of funds they can borrow from RBI. What is the rate of interest
collected from banks by RBI called?
shortage of funds they can borrow from RBI. What is the rate of interest
collected from banks by RBI called?
(a) Reverse Repo Rate
(b) Repo Rate
(c) Bank Rate
(d) Prime Lending Rate
(e) None
3. The rate at which
Reserve Bank of India is ready to buy bills of exchange or other commercial
papers is called as _____
Reserve Bank of India is ready to buy bills of exchange or other commercial
papers is called as _____
(a) Reverse Repo Rate
(b) Repo Rate
(c) Bank Rate
(d) Prime Lending Rate
(e) None
4. Cash Reserve Ratio
(CRR) is the amount of funds that the banks have to keep with RBI. The present
CRR is ______
(CRR) is the amount of funds that the banks have to keep with RBI. The present
CRR is ______
(a) 6%
(b) 4%
(c) 4.5%
(d) 5% (e) 7%
5. In a reverse repo, who
earns some extra income?
earns some extra income?
(a) Bank giving money to
RBI.
RBI.
(b) RBI
(c) Customers
(d) Central Government
(e) None
6. Statutory, liquidity
ratio means _____
ratio means _____
(a) Outright Sales Purchases of
Govt. Securities as a tool to determine Liabilities
Govt. Securities as a tool to determine Liabilities
(b) The instrument for monetary
management where mobilised each is held in a separate government account with
the RBI.
management where mobilised each is held in a separate government account with
the RBI.
(c) The share of net demand and
time liabilities that banks must maintain in safe and liquid assets such as
govt. securities, cash and gold.
time liabilities that banks must maintain in safe and liquid assets such as
govt. securities, cash and gold.
(d) The amount of which shall not
be less than 3% of the total of the NDTL (Net Demand and Time
Liabilities).
be less than 3% of the total of the NDTL (Net Demand and Time
Liabilities).
(e) None
7. Expand PLR?
(a) Prime Lending Ratio
(b) Prime Lending Rate
(c) Periodical Lending
Ratio
Ratio
(d) Periodical Leverage
Ratio
Ratio
(e) None
8. Outright sales /
purchases of government securities in addition to LAF (Liquidity Adjustment
Facility) as a tool to determine the level of liquidity over the medium term is
called _______.
purchases of government securities in addition to LAF (Liquidity Adjustment
Facility) as a tool to determine the level of liquidity over the medium term is
called _______.
(a) Open Management
Organising
Organising
(b) Open Market Operations
(c) Market Stabilisation
Scheme
Scheme
(d) Marketing Standard Scheme
(e) None
9. Who is known as Banker
to the State Governments?
to the State Governments?
(a) RBI
(b) SBI
(c) NABARD
(d) SIDBI
(e) None
10. Which of the following
rate of interest is not decided by RBI?
rate of interest is not decided by RBI?
(a) Bank Rate
(b) Base Rate
(c) SLR
(d) Interest on Current A/c
(e) Interest on SB A/c
11. Base Rate of banks
implies the rate at which the banks _____
implies the rate at which the banks _____
(a) Charge RBI for
borrowing
borrowing
(b) Should not lend to
agriculture people
agriculture people
(c) Minimum lending rate where
below which they cannot lend
below which they cannot lend
(d) Charge any bank which takes
loan from it
loan from it
(e) None
12. Rural Infrastructure
Development Fund (RIDF) was instituted by which of the following institutions
with the sole objective of giving low-cost fund support to state governments?
Development Fund (RIDF) was instituted by which of the following institutions
with the sole objective of giving low-cost fund support to state governments?
(a) RBI
(b) EXIM Bank
(c) IDBI Bank
(d) NABARD
(e) IFCI
13. D-mat Account is ____
(a) Direct Savings Account
(b) Duplicate Material Account
(c) Direct Materialisation
Account
Account
(d) Dematerialisation
Account
Account
(e) None
14. A Mutual Fund is set
up in the form of ______
up in the form of ______
(a) A trust
(b) A company incorporated under
the Indian Companies Act
the Indian Companies Act
(c) By an Act of Parliament
(d) Gathering money for
project
project
(e) None
15. Gilt-edged market
deals with ____
deals with ____
(a) Govt securities
(b) Worn Currency notes
(c) All kinds of capital market
securities
securities
(d) Corporate bonds
(e) Bullion and gold
16. Cheque truncation can
be done by _______
be done by _______
(a) Using MICR data
(b) Sending cheque by speed post
(c) Using image processing
(d) (a) and (b)
(e) None
17. The debit card offers
___
___
(a) Revolving credit for a
certain period
certain period
(b) Online recovery of amount of
card usage
card usage
(c) Payoff the entire amount of
card usage
card usage
(d) all of the above
(e) None
18. Which among the
following is not PKI-enabled electronic payments system introduced by RBI?
following is not PKI-enabled electronic payments system introduced by RBI?
(a) CBLO
(b) Forex Clearing
(c) MICR
(d) CTS
(e) None
19. The acronym ECB as
used in financial world, stands for _____
used in financial world, stands for _____
(a) External Collateralised
Borrowing
Borrowing
(b) External Commercial Borrowing
(c) External Currency
Borrowing
Borrowing
(d) External Currency Brokerage
(e) External Commercial Banking
20. What are Zero Coupon
Bonds?
Bonds?
(a) The bonds whose price has
wide fluctuations in the market
wide fluctuations in the market
(b) Other than those given as
options
options
(c) Coupons given in shopping
(d) They are issued at a discount
and redeemed at par
and redeemed at par
(e) They are the bonds that yield
no income for the creditors
no income for the creditors
Answers:
1.a
2.b
3.c
4.b
5.a
6.c
7.b
8.b
9.a
10.e
11.c
12.d
13.d
14.a
15.c
16.d
17.b
18.c
19.b
20.d
