Economic and Social Development | Money and Banking

Economic and Social Development | Money and Banking

Dec 19, 2024 - 15:59 Updated: Dec 20, 2024 - 10:55
0 6

1. The Apex bank for providing Agricultural Refinance in India is

RBI
NABARD
LDB
SBI

2. NABARD is related with

National Agriculture Development Institution
National Rural Development Institution
National Bank for Agriculture and Rural Development
National Financial Institution

3. When was the NABARD formed?

1992
1982
1962
1952

4. Which one of the following links all the ATMs in India?

Indian Bank's Association
National Securities Depository Limited
National Payments Corporation of India
Reserve Bank of India

5. Which is the first Private Sector Bank in India to use Software Robotics?

ICICI Bank
HDFC Bank
SBI
UTI Bank

6. The slogan 'Pure Banking, Nothing else' is raised by

ICICI Bank
HDFC Bank
SBI
UTI Bank

7. Narsimhan Committee was related to which of following reforms?

High education reforms
Tax structure reforms
Banking structure reforms
Planning implementation reforms

8. Which of the following committee examined and suggested financial sector reforms?

Abid Hussain Committee
Bhagwati Committee
Chelliah Committee
Narsimhan Committee

9. Since the economic reforms were launched in India, which one of the following statements is true for Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) of the commercial banks?

Both SLR and CRR have been raised
SLR has been reduced but CRR has been raised
SLR has been increased but CRR has been reduced
Both SLR and CRR have been reduced

10. The Narsimhan Committee for financial sector reforms has suggested reduction in

SLR and CRR
SLR, CRR and Priority Sector Financing
SLR and Financing to Capital goods sector
CRR, Priority Sector Financing and Financing to capital goods sector

11. Opening the saving bank account for a minor girl will be called as which of the following in Banking terminology?

Retail Banking
Merchant Banking
Social Banking
Corporate Banking

12. The question of full capital account convertibility of Indian was explained by the committee known as

Vaghul Committee
Rangarajan Committee
Tarapore Committee II
Hashim Committee

13. When the Reserve Bank of India was established?

1920
1930
1935
1940

14. Which of the following Banks is the Central Bank of India?

State Bank of India
Bank of India
Union Bank of India
Reserve Bank of India

15. The headquarters of RBI is situated at

Delhi
Kolkata
Mumbai
Chennai

16. Who is the 'lender of the last resort' in the banking structure of India?

State Bank of India
Reserve Bank of India
Exim Bank of India
Union Bank of India

17. The Bank rate is the rate at which

a bank lends to the public
the RBI lends to the public
the RBI gives credit to the commercial banks
the Government of India lends to other countries

18. The interest rate at which the Reserve Bank of India lends to Commercial Banks in the short- term to maintain liquidity is known as

Interest rate
Repo rate
Bank rate
Reverse repo rate

19. In order to control credit, Reserve Bank of India should

increase CRR and decrease Bank rate
decrease CRR and reduce Bank rate
increase CRR and increase Bank rate
reduce CRR and increase Bank rate

20. In India 'Money and Credit' is controlled by the

Central Bank of India
Industrial Development Bank of India
Reserve Bank of India
State Bank of India

21. When the Reserve Bank of India announces an increase of the Cash Reserve Ratio (CRR), what does it mean?

The commercial banks will have less money to lend
The Reserve Bank of India will have less money to lend
The Union Government will have less money to lend
The commercial banks will have more money to lend

22. The lowering of Bank Rate by the Reserve Bank of India leads to

more liquidity in the market
less liquidity in the market
no change in the liquidity in the market
mobilisation of more deposits by commercial banks

23. A proportion of total deposits and reserves of the commercial banks deposited with the Reserve Bank of India is called

Balance of payment
Bank Guarantee
Caution Money
Cash Reserve Ratio

24. An increase in CRR by the Reserve Bank of India results in

decrease in debt of the government
reduction in liquidity in the economy
attracting more FDI in the country
more flow of credit to desired sector

25. Credit creation power of the commercial banks gets limited by which of the following?

Banking habits of the people
Cash reserve ratio
Credit policy of the central bank
All of the above

26. Number of times a unit of money changes hands in the course of a year is called

Supply of money
Purchasing power of money
Velocity of money
Value of money

27. One amongst the following take the decision about the monetary policy of India.

Finance Minister of India
Reserve Bank of India
Prime Minister of India
International Monetary Fund

28. The Indian rupee was made convertible into which of the following accounts since March 1993?

Capital Account
Current Account
Both (A) and (B)
Revenue Account

29. Indian rupee had been made fully convertible on

current account on March 1, 1993
current account in August, 1994
capital account in August, 1994
current account in April, 1995

30. Convertibility of the rupee implies

being able to convert rupee notes into gold
freely permitting the conversion of rupee to other major currencies and vice-versa
allowing the value of the rupee to be fixed by market forces
developing an international market of currencies in India

31. Which of the following is/are treated as artificial currency?

ADR
SDR
GDR
Both ADR and GDR

32. The one rupee Indian note bears the signature of

Governor, Reserve Bank of India
Secretary, Ministry of Finance
Finance Minister
None of the above

33. In which year the export-import (EXIM) Bank in India was set up?

1980
1982
1981
1989

34. In India, the interest rate on savings accounts in all the nationalised commercial banks is fixed by

Union Ministry of Finance
Union Finance Commission
Indian Bank's Association
Banks itself

35. Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government?

Cash Credit Ratio
Debt Service Obligation
Liquidity Adjustment Facility
Statutory Liquidity Ratio

36. The basic aim of Lead Bank Scheme is that

big banks should try to open offices in each district
there should be stiff competition among the various nationalised banks
individual banks should adopt particular districts for intensive development
all the banks should make intensive efforts to mobile deposits

37. In the context of Indian economy, 'Open Market Operations' refers to

borrowing by scheduled banks from the RBI
lending by commercial banks to industry and trade
purchases and sale of government securities by the RBI
None of the above

38. Priority Sector lending by banks in India constitutes the lending to

Agriculture
Micro and small enterprises
Weaker sections
All of the above

39. When was the first Regional Rural Bank formed?

1977
1976
1974
1975

40. Land Development Bank provides loan to farmers for

short term
medium term
long term
only for land improvement

41. The largest commercial bank of India is

NABARD
State Bank of India
ICICI
Union Bank of India

42. In which year did the Government of India Nationalised 14 major private banks?

1968
1970
1969
1965

43. Reserve Bank of India issues currency notes against which of the following?

Gold
Foreign security
Govt. of India Security
All of the above

44. The decimal system was made applicable to Indian currency system in which year?

1947
1957
1935
1949

45. Devaluation of currency means

reduction in the value of the currency vis-a-vis major internationally traded currencies
permitting a currency to seek its worth in the international market
fixing the value of currency with the help of IMF and WB
None of the above

46. Provident Fund in India is

Contractual Savings
Residual Savings
Voluntary Savings
Employer's Savings

47. Rural Infrastructure Development Fund is being financed by

NABARD
Reserve Bank of India
Ministry of Rural Development
Selected group of Public Sector Banks

48. Who maintains the foreign exchange reserve in India?

Reserve Bank of India
State Bank of India
Ministry of Finance, Government of India
Export-Import Bank of India

49. FEMA (Foreign Exchange Management Act) was finally implemented in the year

1991
1997
2000
2007

50. 'Simply Click' credit card scheme is launched by which of the following Banks?

IDBI
ICICI
BOB
SBI

51. 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

52. One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because

convertibility of the rupee will stabilise its exchange value against major currencies of the world
it will attract more foreign capital inflow in India
it will help promote exports
it will help India secure loans from the world financial markets on attractive terms

53. The accounting year of the Reserve Bank of India is

April - March
July - June
October - September
January - December

54. The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called

SBR (Statutory Bank Ratio)
SLR (Statutory Liquidity Ratio)
CBR (Central Bank Reserve)
CLR (Central Liquidity Reserve)

55. Capital Account convertibility of Indian Rupee implies

that the Indian Rupee can be exchanged by the authorised dealer to travel
that the Indian Rupee can be exchanged for any major currency for the purpose of trade in goods and services
that the Indian Rupees can be exchanged for any the purpose of trading financial assets
None of the above

56. Convertibility of the Rupee as it exists at present means

Rupee is convertible into foreign currencies for all types of transactions
Rupee is convertible into foreign currencies for trade transactions only
Rupee is convertible into foreign currencies for all current transactions only
Rupee is convertible into foreign currencies for capital transactions only

57. Which one of the following is not a nationalised bank?

Bank of Baroda
Canara Bank
ICICI Bank
Punjab National Bank

58. Which one of the following is a private bank?

Allahabad Bank
Punjab and Sind Bank
Punjab Bank
Punjab National Bank

59. Which one of the following is not the function of Regional Rural Banks?

To provide credit to small and marginal farmers
To provide credit to common people in rural area
To supplement Scheduled Commercial Banks
To take over the functions of Agricultural Refinance Corporation of India

60. In India, regional rural banks were established in the year

1976
1975
1980
1982

61. Which of the following systems of Note-issue is followed by RBI?

Proportional Reserve System
Minimum Reserve System
Fixed Fiduciary System
None of the above

62. Scheduled bank is a bank which is

Nationalised
Not Nationalised
Based in foreign country
Included in the second schedule RBI

63. Coins are minted in India at

Delhi, Mumbai and Kolkata
Delhi, Kolkata and Hyderabad
Mumbai, Delhi and Bengaluru
Mumbai, Kolkata and Hyderabad

64. Paper currency was first started in India in

1861
1542
1601
1880

65. The Prevention of Money Laundering Act came into force in India during

1998
1999
2001
2005

66. As in December 2017, Indian government's holding in which of the following banks was maximum?

Central Bank of India
United Bank of India
Bank of India
State Bank of India