1. State Bank Day is celebrated 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?
(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 _____
(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 ______
(a) 6% 
(b) 4% 
(c) 4.5% 
(d) 5% (e) 7%

5. In a reverse repo, who earns some extra income?
(a) Bank giving money to RBI. 
(b) RBI 
(c) Customers
(d) Central Government 
(e) None

6. Statutory, liquidity ratio means _____
(a) Outright Sales Purchases of 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.
(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.
(d) The amount of which shall not 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 
(d) Periodical Leverage 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 _______.
(a) Open Management Organising 
(b) Open Market Operations
(c) Market Stabilisation Scheme 
(d) Marketing Standard Scheme
(e) None

9. Who is known as Banker 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?
(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 _____
(a) Charge RBI for borrowing 
(b) Should not lend to agriculture people
(c) Minimum lending rate where below which they cannot lend
(d) Charge any bank which takes 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?
(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 
(d) Dematerialisation Account 
(e) None

14. A Mutual Fund is set up in the form of ______
(a) A trust 
(b) A company incorporated under the Indian Companies Act
(c) By an Act of Parliament 
(d) Gathering money for project 
(e) None

15. Gilt-edged market deals with ____
(a) Govt securities 
(b) Worn Currency notes
(c) All kinds of capital market securities
(d) Corporate bonds 
(e) Bullion and gold

16. Cheque truncation can 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
(b) Online recovery of amount of card usage
(c) Payoff the entire amount of card usage 
(d) all of the above 
(e) None

18. Which among the 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 _____
(a) External Collateralised Borrowing 
(b) External Commercial Borrowing
(c) External Currency Borrowing 
(d) External Currency Brokerage
(e) External Commercial Banking

20. What are Zero Coupon Bonds?
(a) The bonds whose price has wide fluctuations in the market
(b) Other than those given as options 
(c) Coupons given in shopping
(d) They are issued at a discount and redeemed at par
(e) They are the bonds that yield 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