IBPS RRB Mains Study Planner – Banking Awareness Quiz Day 12
IBPS RRB Mains Study Planner – Banking Awareness Quiz Day 20
1) India’s foreign policy is based on several principles, one of which is ______.
a) Panchsheel
b) Satyamev Jayate
c) Live and Let Live
d) Vasudhaiv Kutumbkam
e) None of these
2) Unique Identification Authority of India will set up data base for ________.
a) Identity and biometrics details of Indian residents
b) Identity and biometrics details of Indian citizens
c) Identity and biometrics details of person’s residents in India or visiting India
d) All the above
e) None of these
3) RBI generally reviews the Monetary policy for every
a) three months
b) six months
c) nine months
d) ten months
e) None of these
4)The rate at which the RBI lends short-term money to the banks
a) PLR
b) CRR
c) Repo Rate
d) Reverse Repo Rate
e) None of these
5) Which of the following acts govern the RBI functions?
a) RBI Act, 1934
b) Banking Regulation Act, 1949
c) Companies Act, 1956
d) Foreign Exchange Regulation Act, 1973
e) Foreign Exchange Management Act, 1999
6) RBI is not expected to perform the function of
a) the banker to the government
b) Accepting deposit from the commercial banks
c) Accepting deposit from general public
d) Issuer of currency
e) None of the above
7) Which of the following rates is not decided by RBI?
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Prime Lending Rate
e) Cash Reserve Ratio
8) The Reserve Bank of India was set up on the recommendations of the
a) Narasimham Committee
b) Hilton-Young Commission
c) Mahalanobis Committee
d) Fazal Ali Commission
e) None of the above
9) Which of the following formulates, implements and monitors the monetary policy?
a) Ministry of Finance
b) RBI
c) SBI
d) ICICI Bank
e) None of these
10) Which of the following is the central banking institution of India?
a) State Bank of India
b) Ministry of Finance
c) Reserve Bank of India
d) Finance Commission of India
e) None of the above
11) At present the RBI holds one percent of shareholding in?
a) State Bank of India
b) National Housing Bank
c) State Bank of Hyderabad
d) National Bank for Agriculture and Rural Development (NABARD)
e) None of these
12) CRR refers to the share of that banks Rural have to maintain with RBI of their net demand and time liabilities.
a) Government securities
b) Forex reserves
c) Gold
d) Liquid cash
e) None of the above
13) Which of the following is/are functions of the RBI?
i) Acts as the currency authority
ii) Controls money supply and credit
iii) Manages foreign exchange
iv) Serves as a banker in the government
a) Both (i) and (iii)
b) Both (ii) and (iii)
c) (i), (ii) and (iii)
d) All the above
e) None of the above
14) Objective of monetary policy of RBI is to
a) control inflation
b) discourage loading of commodities
c) encourage flow of credit into neglected sector
d) all the above
e) none of the above
15) When RBI is lender of last resort, what does it mean?
a) RBI advances necessary credit against eligible securities to commercial banks
b) Commercial Banks give fund to the RBI
c) RBI advances money to public whenever there is any emergency
d) all the above
e) none of the above
16) When RBI acts as a banker to the government, what does it do?
a) RBI keeps bank accounts of the government
b) RBI carries out government transactions
c) RBI advises the government on all financial and monetary matters
d) all the above
e) none of the above
17) The merit of issuing notes with RBI can be seen is
a) uniformity
b) stability in currency
c) control of credit
d) all the above
e) none of the above
18) Which one of the following methods is currently used in India to issue note?
a) Fixed Fiduciary System
b) Maximum Fiduciary System
c) Proportional Reserve System
d) Percentage Reserve System
e) Minimum Reserve System
19) Which of the following statements is correct about soiled/mutilated note?
a) All banks are authorized to accept soiled notes across their counters and pay the exchange value
b) Banks are expected to offer this service even to non-customers
c) All public sector bank branches and currency chest branches of private sector banks are authorized to respect of mutilated notes
d) RBI has also authorized all Commercial Bank branches to treat certain notes in ‘two pieces’ as soiled notes and pay exchange value
e) All the above
20) Which of the following is not an objective of financial sector reform in India?
a) Creating an efficient, productive and profitable financial sector industry
b) Preparing the financial system for increasing international competition
c) Opening the external sector in a calibrated fashion
d) Reducing the fiscal deficit
e) Promote the maintenance of financial stability even in the face of domestic and external environment
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IBPS RRB Mains Examination STUDY PLANNER 2017
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