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Q1. Which of the following organizations is selected by the RBI for issuing globally compatible Legal Entity Identifiers (LEIs)?
(a) Industrial Credit and Investment Corporation of India (ICICI )
(b) Clearing Corporation of India Ltd (CCIL)
(c) Housing Development Finance Corporation (HDF(c)
(d) Security and Exchange Board of India (SEBI)
(e) None of these
Q2. Consider the following statements :
1. Regional Rural Banks grant direct loans and advances to marginal farmers and rural artisans.
2. NABARD is responsible for laying down policies and to oversee the operations of the RRBs.
3. RRB is not responsible for laying down policies.
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
(e) None of these
Q3. ‘Basel III’ norms target at which of the following?
(1) Improve the banking sector’s ability to absorb shocks arising from financial and economic stress.
(2) Improve risk management and governance.
(3) Strengthen banks’ transparency.
Choose the correct answer using the codes given below:
(a) 1 only
(b) 1 and 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
(e) None of these
Q4. Consider the following statements in regard to ‘marginal standing facility (MSF)’ of RBI :
(1) It will help in reducing volatility in the overnight lending rates in the inter-bank market.
(2) The borrowing under the MSF should be over and above the statutory liquidity requirement.
(3) It will not help in reducing lending rates.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) only 3
(e) None of these
Q5. Which of the following statements is/are correct in regard to ‘micro-finance’?
(1) Micro-credit extended by banks to individual is reckoned as a part of their priority sector lending.
(2) RBI has prescribed a particular model for banks to provide micro-finance.
(3) RBI has prescribed a particular model for banks to provide macro-finance.
Choose the correct answer using the codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) only 3
(e) None of these
Q6. Which of the following activities can lead to financial inclusion in India?
(1) Issuing of general purpose credit cards.
(2) Strict know your customer’ (KYC) norms
(3) Opening of Bank branches in unbanked rural areas.
(4) Opening of no-frills account.
Select the correct answer using the codes given below :
(a) 1, 2 and 3 only
(b) 2, 3 and 4 only
(c) 1, 3 and 4 only
(d) 2 and 3 only
(e) None of these
Q7. Consider the following statements :
(1) Fiat money is a term used for Gold coins.
(2) Currency Deposit Ratio is the proportion of the total deposits commercial banks keep as reserves
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
(e) None of these
Q8. When the RBI wants to inject liquidity into economy, it may adopt the following :
(1) Buy the government securities from the banks.
(2) Enter into reverse repo operations
(3) Raise cash Reserve Ratio
(4) Reduce SLR.
Select the correct answer using the codes given below:
(a) 1 only
(b) 1 and 4 only
(c) 1, 2 and 4 only
(d) 1, 2, 3 and 4
(e) None of these
Q9. Consider the following statements in regard to money market in India:
(1) It is a market for short-term and long-term funds with maturity ranging from overnight to one year.
(2) It acts as an instrument of liquidity adjustment for the Central Bank.
(3) It is a market for only long term funds.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) only 3
(e) None of these
Q10. RBI has introduced Inflation Indexed Bond which have the locking period of :
(a) 5 years
(b) 10 years
(c) 15 years
(d) 20 years
(e) None of these
Answer:-
1) Clearing Corporation of India Ltd (CCIL)
2) Both 1 and 2
3)(d) 1, 2 and 3
4)1 only
5)(a) 1 only
6) (c) 1, 3 and 4 only
7)(d) Neither 1 nor 2
8) (b) 1 and 4 only
9) (b) 2 only
10)10 years
