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Current Affairs January 2024

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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

Correct Answer :

D. the banks lend to Reserve Bank of India


Related Questions

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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

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities? [CSAT 2011]

A. Commercial Banks

B. Cooperative Banks

C. Regional Rural Banks

D. Microfinance Institutions

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4

In some parts of India, farmers face acute distress because of heavy burden of debt from non-institutional renders. Who can be called a non-institutional lender? [RBI Grade B Officer 2011]

A. Small Banks

B. Grameen Banks

C. Credit Cooperative Societies

D. Money Lenders

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4

Which of the following provides the largest part of the demand for loanable funds in India?

A. Farmers

B. Private-house purchasers

C. Corporate businesses

D. Hire-purchase borrowers

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4

Which of the following constitute short-term sources of finance for small scale industries?
1. Private money lenders
2. Loans by commercial banks
3. Credit Guarantee schemes
4. National Small Industries Corporation

A. 1, 2 and 3

B. 1 only

C. 1, 2 and 4

D. 1, 2, 3 and 4

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4

Bank rate is the rate at which:

A. a bank lends to the public

B. the Reserve Bank of India lends to the public

C. the Government of India lends to other countries

D. the Reserve Bank of India gives credit to commercial 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 one of the following Public Sector banks' emblem figures a dog and the words 'faithful, friendly' in it ? [CDS 2010]

A. Punjab National Bank

B. Syndicate Bank

C. Oriental Bank of Commerce

D. State Bank of India

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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

Consider the following financial institutions of India:
1. Industrial Finance Corporation of India (IFCI)
2. Industrial Credit and Investment Corporation of India (ICICI)
3. Industrial Development Bank of India (IDBI)
4. National Bank for Agriculture and Rural Development (NABARD)
The correct chronological sequence of the establishment of these institutions is : [IAS 2002]

A. 1, 2, 3, 4

B. 2, 3, 4, 1

C. 3, 4, 1, 2

D. 4, 1, 2, 3

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4

The main function of the Exim Bank is:

A. to help RBI in the regulation of foreign exchange

B. to prevent unlicensed transaction

C. to promote exports and curtail imports

D. to conserve foreign exchange

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4

Which of the following statements is/are correct?
1. NIFTY is based upon 50 firms in India.
2. NIFTY is governed and regulated by the Reserve Bank of India.
3. NIFTY does not trade in mutual funds
Select the correct answer using the code given below: [CDS 2012]

A. 1 only

B. 2 only

C. 3 only

D. 1 and 3

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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

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 National Stock Exchange functions from:

A. New Delhi

B. Mumbai

C. Nagpur

D. Kolkata

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4

In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?

A. 1976

B. 1979

C. 1980

D. 1982

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4

The liabilities of a commercial bank are:
1. time deposits
2. security holdings
3. demand deposits
4. advances from the central bank

A. 1, 2 and 3

B. 1, 3 and 4

C. 2 and 4

D. 1 and 3

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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

Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct ?
1. The basic aim of setting up the RRBs is to develop rural economy.
2. The area of RRBs is limited to a specific region comprising one or more districts.
3. RRBs are sponsored by Commercial Banks.
Select the correct answer using the code given below: [Asstt Commdt 2011]

A. 1 only

B. 1 and 2 only

C. 2 and 3 only

D. 1, 2 and 3

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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

The system of value added taxation is applicable to:

A. excise duties

B. income tax

C. estate duty

D. taxes on agricultural income

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4

The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]

A. treasury

B. clearing House

C. collection Centre

D. dumping Ground

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4

For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]

A. SEBI

B. Reserve Bank of India

C. Insurance Regulatory and Development Authority

D. General Insurance Corporation

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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

Which of the following are under the purview of Industrial Development Bank of India?
1. Unit Trust of India
2. Life Insurance Corporation of India
3. Export-Import Bank
4. State Finance Corporation of India

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and4

D. 1, 2 and 4

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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

According to the RBI directions, a NBFC (Non-Banking Finance Company) must possess a Net-owned Fund of the amount:

A. minimum Rs.5 lakh

B. minimum Rs. 10 lakh

C. minimum Rs. 25 lakh

D. minimum Rs. 50 lakh

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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 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

The primary objective of Unit Trust of India is:

A. to assist the industries in financial difficulties

B. to diffuse the benefit of development among the masses

C. to accumulate funds for public investment expenditure

D. to promote the investment habit among those who have not been able to diversify investment risk