RECENT GK OF RBI

The Banking Concept in India was first developed by –

a) British

b) French

c) Indian

d) None of these

Ans. a) British 

The rate at which RBI gives short term credit to the commercial banks against government securities with buy back provision is called –

a) Bank Rate

b) Repo Rate

c) Reverse repo rate

d) Interest rate

Ans. b) Repo Rate

The rate at which RBI takes loans from commercial banks is called –

a)  Repo Rate

b) Reverse Repo Rate

c) Bank Rate

d) Interest Rate

Ans. b) Reverse Repo Rate 

At present the Reverse Repo Rate of RBI is (As of 25th Nov) –

a) 8.25

b) 7.25

c) 7.50

d)8.50

Ans. d)8.50
Bank rate of RBI is also known as –

a) Interest Rate

b) Discount Rate

c) fed rate

d) bid rate

Ans. b) Discount Rate

Which of the following is not the any element of quantitative credit control policy of RBI –

a) CRR

b) SLR

c) Selective credit control

d) open market operation.

Ans. c) Selective credit control

At present CRR of RBI is –

a) 6%

b) 7.5%

c) 8.5%

d) none of these

Ans. a) 6%

The limitation of CRR of RBI is –

a)3-10 %

b) 3-15%

c) 15-38%

d) 10-25%

Ans. b) 3-15%

The apex organization of Indian money market is RBI–

a)SBI

b) SEBI

c) RBI

d) IRDA

Ans. c) RBI

If the cash reserve is lowered by RBI, what will be its effect on credit creation –

a) Decrease

b) Increase

c) No Change

d) None of these

Ans. b) Increase

The expansion of money supply of an economy depends on –

a) The policy of CRR

b) The bank rate policy

c) Open market operation

d) All of these

Ans. d) All of these

Among the following who are eligible to benefit from the Mahatma Gandhi National Rural Employment Guarantee Act? –

a) Adult Members of only the scheduled caste and scheduled tribe holders

b) Adult of below poverty line household

c) Adult members of household of all backward community

d) adult members of any rural household

Ans. d) adult members of any rural household 

Which of the following banks merged with Punjab national banks in 1993 –

a) New bank of India

b) Central Bank of India

c) Imperial Bank of India

d) Common bank of India

Ans. a) New bank of India

A currency, the exchange values of which is expected to remain stable due to strong performance by it’s economy. This currency is –

a) Soft Currency

b) Hot currency

c) Fiat currency

d) None of these (Hard Currency)

Ans. d) None of these (Hard Currency)

The Reserve Bank of India issues under the following note issue method? –

a) Proportional Reserve System

b) Minimum Reserve System

c) Maximum Reserve System

d) Fixed Fiduciary System

Ans. b) Minimum Reserve System

 What is a Scheduled Bank? –

a) A bank having Rs 10 Crore deposits

b) A bank having Rs 100 Crore deposits

c) A bank having Rs 5 Crore deposits

d) A bank included in the second schedule of RBI act 1934.

Ans. d) A bank included in the second schedule of RBI act 1934.

How many languages are used on a Ten Rupee note? –

a) 2

b) 7

c) 10

d) 15

e) 16

Ans. d) 15

The place where bankers meet and settle their mutual claims and accounts is known as –

a) Treasury

b) Clearing House

c) Dumping House

d) Collection centre

Ans. b) Clearing House

 The largest Public sector bank in India –

a) SBI

b) PNB

c) RBI

d) ICICI

Ans. a) SBI

 Which of the following is not the function of RBI –

a) Banker’s bank

b) Banker to public

c) custodian of foreign exchange

d) Bankers to Govt.

Ans. b) Banker to public

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

a) Finance Commission

b) Finance ministry

c) RBI

d) Auditor and Comptroller general of India

Ans. c) RBI

 Which of the following regulatory authority  to oversee the new issues, protect the investment and investors, promote the development of Capital Market and regulate the working of Stock Exchange –

a) UTI b) IRDA

c) RBI

d) SEBI

e) None of these

Ans. d) SEBI

After a long span of 22 years, RBI released Rs.1000/- currency note for circulation in –

a) 2000

b) 2002

c) 2005

d) 2008

Ans. a) 2000

 Regional Rural banks are working in all states of the country except –

a) Sikkim and Goa

b) Sikkim and Manipur

c) Manipur and Nagaland

d) Jammu and Kashmir

Ans. a) Sikkim and Goa

 The National Housing Bank  is a subsidiary of –

a) RBI

b) NABARD

c) IDBI

d) UTI

Ans. a) RBI

At present the ceiling of Foreign Direct Investment (FDI) in insurance sector in India is –

a) 26%

b) 49%

c) 51%

d) 74%

Ans. a) 26%

 Rs. 25 Paisa was ceased by the Govt of India on –

a) 30th june 2011

b) 30th July 2011

c) 1st January 2011

d) 1st July 2011

Ans. a) 30th june 2011

Initial Public Offering (IPO) is associated with –

a) RBI

b) Stock Exchange

c) IRDA

d) Indian Postal Service

Ans. b) Stock Exchange

 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 (SEBI)

d) Stock Exchange

Ans. c) Securities and Exchange Board of India (SEBI)

 Monetary policy Referes to the policy of –

a) Money Lenders

b) Government

c) Commercial Banks

d) RBI
Ans. d)RBI