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Economics Awareness Practice Economics Awareness Study Material

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Banking Awareness

Which of the following is primary function of banks?

a) Underwriting
b) Overdraft
c) Transfer of funds
d) Lockers

✔Answer

Correct Answer Is : Overdraft

Solution Is :

Bank issues instrument that allows its customer to travel without fear of loss of money and theft is:

a) Letter of credit
b) Traveler’s cheque
c) Both Letter of credit and traveler’s cheque
d) None of these

✔Answer

Correct Answer Is : Traveler’s cheque

Solution Is :

RBI does open market operation transactions to regulate___________

a) Inflation
b) Liquidity
c) Other banks
d) None of these

✔Answer

Correct Answer Is : Inflation

Solution Is :

Annual Policy statement is issued by RBI in ______.

a) March
b) April
c) December
d) June

✔Answer

Correct Answer Is : April

Solution Is :

Some commercial banks are authorized by _________ to deal in foreign exchange.

a) RBI
b) SEBI
c) SBI
d) Govt. of India

✔Answer

Correct Answer Is : RBI

Solution Is :

Which among the following is true about RBI ? A: It is a Bankers Bank B: Formulates, implements and monitors the monetary policy C : It is a debt manager to State Governments & Other Banks.

a) Ony A
b) A and B
c) A and C
d) All of these

✔Answer

Correct Answer Is : A and B

Solution Is :

The Reserve Bank’s debt management strategy aims at ____________.

a) Minimising the cost of borrowing
b) Reducing the roll-over and other risks
c) Improving liquidity of Government securities markets
d) All of these

✔Answer

Correct Answer Is : All of these

Solution Is :

The RBI formulates monetary policy ______________ .

a) Twice a year
b) Once in year
c) Every two year
d) Every quarter of a year

✔Answer

Correct Answer Is : Twice a year

Solution Is :

RBI reviews the monetary policy ___________

a) Twice a year
b) Once in year
c) Every two year
d) Every quarter of a year

✔Answer

Correct Answer Is : Every quarter of a year

Solution Is :

Rate bank can borrow from RBI ?

a) Bank Rate
b) Credit rate
c) Investment rate
d) Borrowing rate

✔Answer

Correct Answer Is : Bank Rate

Solution Is :

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Economics Awareness Practice Economics Awareness Study Material

Banking Awareness

Which of the following is primary function of banks?

Correct Answer Is : Overdraft

Solution Is :

Bank issues instrument that allows its customer to travel without fear of loss of money and theft is:

Correct Answer Is : Traveler’s cheque

Solution Is :

RBI does open market operation transactions to regulate___________

Correct Answer Is : Inflation

Solution Is :

Annual Policy statement is issued by RBI in ______.

Correct Answer Is : April

Solution Is :

Some commercial banks are authorized by _________ to deal in foreign exchange.

Correct Answer Is : RBI

Solution Is :

Which among the following is true about RBI ? A: It is a Bankers Bank B: Formulates, implements and monitors the monetary policy C : It is a debt manager to State Governments & Other Banks.

Correct Answer Is : A and B

Solution Is :

The Reserve Bank’s debt management strategy aims at ____________.

Correct Answer Is : All of these

Solution Is :

The RBI formulates monetary policy ______________ .

Correct Answer Is : Twice a year

Solution Is :

RBI reviews the monetary policy ___________

Correct Answer Is : Every quarter of a year

Solution Is :

Rate bank can borrow from RBI ?

Correct Answer Is : Bank Rate

Solution Is :

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