Home
Current Affairs January 2024

What is the correct answer?

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

Correct Answer :

C. Arup Roy Choudhury


Related Questions

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

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

What is the correct answer?

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

What is the correct answer?

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

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

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

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

What is the correct answer?

4

Basel Committee has given its recommendations on which of the following aspects of banking operations? [RBI Grade B Officer 2011]

A. Marketing of bank products

B. Priority sector lending

C. Risk Management

D. All of the above

What is the correct answer?

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

What is the correct answer?

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

What is the correct answer?

4

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

A. 1 and 3

B. 1, 2 and 3

C. 1, 2 and 4

D. 1, 2, 3 and 4

What is the correct answer?

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

What is the correct answer?

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

What is the correct answer?

4

The first Bank established in India was

A. Punjab National Bank

B. Traders Bank

C. State Bank of India

D. Bank of Hindustan

What is the correct answer?

4

In India, the first bank of limited liability managed by Indians and founded in 1881 was:

A. Hindustan Commercial Bank

B. Oudh Commercial Bank

C. Punjab National Bank

D. Punjab and Sind Bank

What is the correct answer?

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

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

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

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

Consequent 'upon the recommendations of the Working Group on Rural Banks, 5 Rural Regional Banks were initially set up in the year [CPO SI 2010]

A. 1973

B. 1974

C. 1975

D. 1976

What is the correct answer?

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

What is the correct answer?

4

The oldest stock exchange of India is :

A. Bombay Stock Exchange

B. Ahmedabad Stock Exchange

C. Bangalore Stock Exchange

D. Hyderabad Stock Exchange

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

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

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

A. 1945

B. 1948

C. 19S2

D. 1956

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

A. UTI

B. IDBI

C. ICICI

D. IFCI

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

What are gilt-edged securities?

A. Securities issued by the multinationals

B. Securities issued by the government

C. Securities issued by the private sectors

D. Securities issued by the joint venture companies

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