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Current Affairs January 2024

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4

Open market operations of a Central Bank are sale and purchase of:

A. foreign currencies

B. corporate securities

C. trade bills

D. government securities

Correct Answer :

C. trade bills


Related Questions

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4

To prevent recurrence of scams in Indian Capital Market, the Government has assigned regulatory powers to: [IAS 1995]

A. RBI

B. SBI

C. SEBI

D. ICICI

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4

Who amongst the following has never held post of the Governor of the RBI? [RBI Grade B Officer 2011]

A. C. Rangarajan

B. L.K. Jha

C. Manmohan Singh

D. Usha Thorat

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4

Which of the following is at the apex of Industrial Finance in India? [UDC 1995]

A. Industrial Finance Corporation

B. Reserve Bank of India

C. Industrial Development Bank of India

D. Industrial Credit and Investment Corporation of India

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4

The best way, a bank can avoid loss is to :

A. lend only to individuals known to the bank

B. accept sound collateral

C. give only short-term loans

D. lend only to bank's old customers

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4

Consider the following statements: [IAS 2004]
1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India
2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India
Which of the statements given above is/are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

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4

In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than:

A. 1 lakh

B. 5 lakhs

C. 10 lakhs

D. 50 Iakhs

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4

The Securities and Exchange Board of India has been set up to :
1. protect the interests of investors
2. to regulate the activities of brokers in the stock market
3. to ensure transparency in operation in the stock market.
4. to encourage a healthy growth of the stock market
Choose your answer from:

A. 1 and 2

B. 1, 2 and 4

C. 1, 2 and 3

D. 1, 2, 3 and 4

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4

In India, the bank NABARD does not provide refinance to : [CDS 2002]

A. Scheduled Commercial Banks

B. Regional Rural Banks

C. Export-Import Banks

D. State Land Development Banks

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4

Which of the following is now a punishable offence by a Bank Account holder ? [Bank PO 1990]

A. If a cheque is not crossed

B. If a post-dated cheque is issued

C. If a cheque drawn by him is dishonoured for insufficiency of funds in his account

D. Issuing a cheque without signature

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4

Which of the following organisations in India is mainly' working to meet the credit needs of all types of agricultural and rural development activities?

A. FCI

B. IDBI

C. NABARD

D. ICAR

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4

'Sub Prime Lending' is a term applied to the loans made to ___ [Punjab & 5indh Bank 2011]

A. those borrowers who do not have a good credit history.

B. those who wish to take loan against the mortgage of tangible assets.

C. those who have a good credit history and are known to bank since 10 years.

D. None of the above

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4

All of the following are subsidiaries of the State Bank of India, except:

A. State Bank of Bikaner and Jaipur

B. Central Bank of India

C. State Bank of Hyderabad

D. State Bank of Patiala

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4

'Repo rate' is the rate at which: [CDS 2004]

A. the Reserve Bank of India lends to State Government

B. the international aid agencies lend to Reserve Bank of India

C. the Reserve Bank of India lends to banks

D. the banks lend to Reserve Bank of India

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4

Which amidst the following rural banks has been named after a river? [NDA 2002]

A. Prathama Bank

B. Varada Grameen Bank

C. Thar Anchalik Grameen Bank

D. Aravali Kshetriya Grameen Bank

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4

The Imperial Bank of India, after nationalisation was given the name of:

A. Reserve Bank of India

B. Bank of India

C. State Bank of India

D. Indian Overseas Bank

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4

The functions of the Reserve Bank of India are:
1. issuing all notes and coins
2. distributing all notes and coins
3. formulating monetary policy
4. acting as agent of Government in respect of India's membership of the IMF

A. 1, 3 and 4

B. 2 and 3

C. 2, 3 and 4

D. 1, 2, 3 and 4

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4

Who amongst the following was never a Governor of the RBI ? [SBI Associates Clerk 2011]

A. Bimal Jalan

B. Y. V. Reddy

C. Arup Roy Choudhury

D. C. Rangarajan

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4

The RBI has regional offices at various places. At which of the following places it does not have an office? [RBI Grade B Officer 2011]

A. Kota

B. Nagpur

C. Lucknow

D. Panaji

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4

The number of Banks nationalised since 1969 is : [PCS 1994]

A. 8

B. 12

C. 14

D. 20

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4

Which of the following is called a 'banker's cheque' ? [CDS 2002]

A. Demand draft

B. Debit card

C. Pay order

D. Fixed deposit

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4

Among the following, which one is not a credit rating agency operating in India?

A. CRISIL

B. ICRA

C. Dow Jones

D. CARE

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4

The oldest stock exchange of India is :

A. Bombay Stock Exchange

B. Ahmedabad Stock Exchange

C. Bangalore Stock Exchange

D. Hyderabad Stock Exchange

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4

When was the Reserve Bank of India taken over by the Government? [PCS 1994]

A. 1945

B. 1948

C. 19S2

D. 1956

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4

Regional Rural Banks are designed to work in which of the following ideals? [IAS 1988]

A. Work on basics of commercial banks

B. Help the targetted groups

C. Keep lending rates lower than cooperative institutions

D. Work on innovative and adaptive ideals

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4

Which of the following combinations is correct? [IFS 1989]

A. NABARD-Industrial Loans

B. IDBI-Short term loans

C. RBI-Long term finance

D. RRB-Agricultural finance

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4

The first Bank established in India was

A. Punjab National Bank

B. Traders Bank

C. State Bank of India

D. Bank of Hindustan

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4

Bouncing of cheques has become an offence. What is the punishment for the same:

A. 6 months imprisonment

B. 1year imprisonment

C. 2 years imprisonment

D. 3 years imprisonment

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4

A Scheduled Bank is one which is included in the: [CPO SI 2002]

A. II Schedule of Banking Regulation Act

B. II Schedule of Constitution

C. II Schedule of Reserve Bank of India Act

D. None of the above

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4

Stock Exchanges play, role in an economy which may be termed as [UBI PO 2010]

A. hardly useful

B. useful but need strict regulation

C. harmful to proper capital markets

D. a gambling-where many investors get ruined

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4

How do we define the terms bull and bear with regard to stock markets?

A. A bull is an optimistic operator who first buys and then sells shares in expectation of the price going up; a bear is a pessimistic market operator who sells the shares in expectation of buying them back at a lower price

B. There is nothing significantly different as both operate in the capital market

C. Bull is one who first sells a share and then buys it at a lower price; bear means one who first buys and then sells it in expectation of prices going up

D. A bull is ready to buy any share; a bear only deals in government securities