Which of the following are the functions of the Central Bank of India? [Railways 1992]
1. Regulation of currency and flow of credit system
2. Maintaining exchange value of rupee
3. Formulating monetary policy of India
4. Supervisory powers over the indigenous bankers and leasing companies
1 and 3
1, 2 and 3
1, 2 and 4
1, 2, 3 and 4
Correct Answer :
D. 1, 2, 3 and 4
Related Questions
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
1 and 3
2 and 3
1, 2 and 3
1 and 2
Which of the following organisations in India is mainly' working to meet the credit needs of all types of agricultural and rural development activities?
FCI
IDBI
NABARD
ICAR
The oldest stock exchange of India is :
Bombay Stock Exchange
Ahmedabad Stock Exchange
Bangalore Stock Exchange
Hyderabad Stock Exchange
What are gilt-edged securities?
Securities issued by the multinationals
Securities issued by the government
Securities issued by the private sectors
Securities issued by the joint venture companies
Consider the following statements: [IAS 2004]
1. Reserve Bank of India was nationalized on 26 January, 1950
2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
How do we define the terms bull and bear with regard to stock markets?
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
There is nothing significantly different as both operate in the capital market
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
A bull is ready to buy any share; a bear only deals in government securities
The Imperial Bank of India, after nationalisation was given the name of:
Reserve Bank of India
Bank of India
State Bank of India
Indian Overseas Bank
Open market operations of a Central Bank are sale and purchase of:
foreign currencies
corporate securities
trade bills
government securities
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
1, 2 and 3
2, 3 and 4
1, 3 and4
1, 2 and 4
In India, the first bank of limited liability managed by Indians and founded in 1881 was:
Hindustan Commercial Bank
Oudh Commercial Bank
Punjab National Bank
Punjab and Sind Bank
A Scheduled Bank is one which is included in the: [CPO SI 2002]
II Schedule of Banking Regulation Act
II Schedule of Constitution
II Schedule of Reserve Bank of India Act
None of the above
Private Sector Mutual Funds in India were permitted in [UP PCS 2011]
1964
1993
1994
2001
The best way, a bank can avoid loss is to :
lend only to individuals known to the bank
accept sound collateral
give only short-term loans
lend only to bank's old customers
In India, the bank NABARD does not provide refinance to : [CDS 2002]
Scheduled Commercial Banks
Regional Rural Banks
Export-Import Banks
State Land Development Banks
Who amongst the following was never a Governor of the RBI ? [SBI Associates Clerk 2011]
Bimal Jalan
Y. V. Reddy
Arup Roy Choudhury
C. Rangarajan
Which of the following best defines the term 'Letter of Credit' as used frequently in bank transactions? [SBI PO 1991]
An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter
An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date
Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank
Statement showing outstanding- deposits and credits of a bank for a particular period
Basel Committee has given its recommendations on which of the following aspects of banking operations? [RBI Grade B Officer 2011]
Marketing of bank products
Priority sector lending
Risk Management
All of the above
The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [IAS 2007]
State Bank of India
Reserve Bank of India
ICICI Bank
Life Insurance Corporation of India
Regional Rural Banks are designed to work in which of the following ideals? [IAS 1988]
Work on basics of commercial banks
Help the targetted groups
Keep lending rates lower than cooperative institutions
Work on innovative and adaptive ideals
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:
1 and 2
1, 2 and 4
1, 2 and 3
1, 2, 3 and 4
For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]
SEBI
Reserve Bank of India
Insurance Regulatory and Development Authority
General Insurance Corporation
According to the RBI directions, a NBFC (Non-Banking Finance Company) must possess a Net-owned Fund of the amount:
minimum Rs.5 lakh
minimum Rs. 10 lakh
minimum Rs. 25 lakh
minimum Rs. 50 lakh
A crossed cheque is one, which can be encashed only: [IFS 1991]
by the drawee
through a bank,
at the State Bank of India
after it has been transferred to another person
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [IAS 1998]
SBRC (Statutory Bank Ratio)
SLR (Statutory Liquid Ratio)
CBR (Central Bank Reserve)
CLR (Central Liquid Reserve)
'Sub Prime Lending' is a term applied to the loans made to ___ [Punjab & 5indh Bank 2011]
those borrowers who do not have a good credit history.
those who wish to take loan against the mortgage of tangible assets.
those who have a good credit history and are known to bank since 10 years.
None of the above
If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?
Decrease
Increase
No change
None of these
Which amidst the following rural banks has been named after a river? [NDA 2002]
Prathama Bank
Varada Grameen Bank
Thar Anchalik Grameen Bank
Aravali Kshetriya Grameen Bank
The National Stock Exchange functions from:
New Delhi
Mumbai
Nagpur
Kolkata
Which of the following provides the largest part of the demand for loanable funds in India?
Farmers
Private-house purchasers
Corporate businesses
Hire-purchase borrowers
Who amongst the following has never held post of the Governor of the RBI? [RBI Grade B Officer 2011]
C. Rangarajan
L.K. Jha
Manmohan Singh
Usha Thorat