Home
Current Affairs January 2024

What is the correct answer?

4

The Reserve Bank of India issues:

A. all the currency notes

B. all the currency notes except the one rupee note

C. all the currency notes except the hundred rupee note

D. only notes of Rs. 10 and above

Correct Answer :

B. all the currency notes except the one rupee note


Related Questions

What is the correct answer?

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

What is the correct answer?

4

What is the role of 'Over-the Counter Exchange' (OTC)?

A. Help in the introduction of multi-tiered markets and import liquidity to them

B. Help to overcome the balance of payment crisis

C. To arrange funds from different foreign banks of developing/ under developing countries

D. All of the above

What is the correct answer?

4

Debenture holders of a company are its:

A. shareholders

B. creditors

C. debtors

D. directors

What is the correct answer?

4

Regional rural banks:
1. have limited area of operation
2. have free access to liberal refinance facilities from NABARD
3. are required to lend only to weaker sections

A. 1 and 3

B. 2 and 3

C. 1, 2 and 3

D. 1 and 2

What is the correct answer?

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

What is the correct answer?

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

What is the correct answer?

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

What is the correct answer?

4

The system of value added taxation is applicable to:

A. excise duties

B. income tax

C. estate duty

D. taxes on agricultural income

What is the correct answer?

4

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

A. CRISIL

B. ICRA

C. Dow Jones

D. CARE

What is the correct answer?

4

Which two of the following nationalized banks have been merged as per the recommendation of the Narsimhan Committee? [NDA 1995]

A. New Bank of India and Bank of India

B. Central Bank of India and Corporation Bank

C. Parur Bank of India and Bank of India

D. Punjab National Bank and New Bank of India

What is the correct answer?

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

What is the correct answer?

4

Which of the following is not an affiliate of the Reserve Bank of India?

A. Unit Trust of India

B. The Industrial Development Bank of India

C. Agricultural Refinance Corporation

D. Deposit Insurance Corporation

What is the correct answer?

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

What is the correct answer?

4

EXIM Bank was set-up in :

A. 1980

B. 1982

C. 1985

D. 1986

What is the correct answer?

4

Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010]

A. Partners should be less than 20

B. Partnership and management need not be separate

C. Internal governance may be decided by mutual agreement among partners

D. It is a corporate body with perpetual succession

What is the correct answer?

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

What is the correct answer?

4

Consider the following events:
1. Conversion of Imperial Bank of India into S.B.I.
2. Establishment of NABARD
3. Setting up of RRBs
4. Nationalisation of R.B.I.
The correct chronological sequence of these events is : [CDS 1999]

A. 4, 1, 2, 3

B. 4, 1, 3, 2

C. 1, 4, 3, 2

D. 1, 4, 2, 3

What is the correct answer?

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

What is the correct answer?

4

The largest Public Sector Bank in India is: [CDS 1991]

A. Central Bank

B. State Bank of India

C. Punjab National Bank

D. Indian Overseas Bank

What is the correct answer?

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

What is the correct answer?

4

Consider the following statements:
1. life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.
3. Headquarters of United India Insurance Company limited are located at Chennai.
Which of the statements given above are correct? [lAS2006)

A. 1, 2 and 3

B. 1 and 2, only

C. 2 and 3, only

D. 1 and 3, only

What is the correct answer?

4

The basic regulatory authority for mutual funds and stock markets lies with the:

A. Government of India

B. Reserve Bank of India

C. Securities and Exchange Board of India

D. Stock Exchanges

What is the correct answer?

4

Which of the following activities would Small Industries Development Bank of India (SIDBI) undertake under the new rural industrialisation programme? [Bank PO 1994]
1. Consultation in erecting the project
2. Providing marketing assistance and refinance facilities at later stage
3. Running the project during initial stage

A. Only 1and 2

B. Only 2 and 3

C. Only 2

D. Only 1

What is the correct answer?

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

What is the correct answer?

4

Which of the following is not an asset held by commercial banks?

A. Bills of exchange

B. Current account deposits

C. Credit balances with the Reserve Bank

D. Money lent at short notice

What is the correct answer?

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

What is the correct answer?

4

Which of the following organisations prepare rural credit plans on annual basis for all districts in India, which in turn form the base for annual credit plans of all rural financial institutions? [RBI Grade B Officer 2011]

A. SIDBI

B. NABARD

C. RBI

D. Indian Bank's Association

What is the correct answer?

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

What is the correct answer?

4

Which one of the following Indian banks is not a nationalized bank? [IAS 2006]

A. Corporation Bank

B. Dena Bank

C. Federal bank

D. Vijaya Bank

What is the correct answer?

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