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Current Affairs January 2024

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4

Which of the following is the Banker of the Banks? [Railways 1995]

A. IDBI

B. SBI

C. RBI

D. SBI and RBI

Correct Answer :

C. RBI


Related Questions

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4

Which one of the following statements is not correct? [CDS 2009]

A. The National Association of Securities Dealers Automated Quotations known as NASDAQ, is an American stock exchange

B. Nikkei is the stock market index for the Tokyo Stock Exchange

C. S and P CNX Nifty is the index for 50 large companies on the Bombay Stock Exchange

D. Hang Seng Indexes record daily changes of the largest companies of the Hong Kong stock market

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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

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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

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 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

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

Which among the following is the oldest Development Financial Institution of India?

A. UTI

B. IDBI

C. ICICI

D. IFCI

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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

'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

In the world of commodity exchanges-the' concept of A standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price is known as [UBI PO 2010]

A. Future contract

B. Forward contract

C. Market contract

D. None of these

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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

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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

Private Sector Mutual Funds in India were permitted in [UP PCS 2011]

A. 1964

B. 1993

C. 1994

D. 2001

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4

The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [IAS 2007]

A. State Bank of India

B. Reserve Bank of India

C. ICICI Bank

D. Life Insurance Corporation of India

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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

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

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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

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 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

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

A crossed cheque is one, which can be encashed only: [IFS 1991]

A. by the drawee

B. through a bank,

C. at the State Bank of India

D. after it has been transferred to another person

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4

Who is responsible for the collection and publication of monetary and financial information?

A. Finance Commission

B. Finance Ministry

C. Reserve Bank of India

D. Auditor and Comptroller General of India

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4

Which of the following best defines the term 'Letter of Credit' as used frequently in bank transactions? [SBI PO 1991]

A. An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter

B. An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date

C. Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank

D. Statement showing outstanding- deposits and credits of a bank for a particular period

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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

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

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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

Which of the following is not true about the Reserve Bank of India?

A. It regulates the currency and credit system of India

B. It maintains the exchange value of the rupee

C. Foreign exchange reserves are kept by RBI

D. One rupee notes and coins are issued by RBI

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4

The main difference between shares and debentures is :

A. debentures can only be issued after shares

B. shareholders receive dividend on shares whereas debenture holders receive interest on debentures

C. debentures can be partly converted into shares whereas shares cannot be converted into debentures

D. shareholders are the owners of the company whereas debenture holders are the creditors of the company

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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

What is the correct answer?

4

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?

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2