TYBBI CENTRAK BANKING SEM-VI REGULAR 2019-2020.

1)is the apex bank of the banking sector of an economy

a) Central bank
b) SBI
c) ICICI
d) IDBI

2) The reserve bank of India was established in ……………

a) 1836
b) 1934
c) 1991
d) 2000

3) Evolution of central bank is a…..........century phenomenon

a) 16th
b) 17th
c) 19th
d) 20th
4) Growth with............is one of the important objectives of monetary policy of the RBI
a) Economic stability
b) Price ratio
c) Price stability
d) Price policy

5) The RBI was nationalized in the year …………..

a) 1949
b) 1935
c) 1940
d) 1960

6) The central bank of India started its operations in ………….

a) 1949
b) 1935
c) 1961
d) 1979

7) The RBI became operational in the year ………….

a) 1949
b) 1935
c) 1934
d) 1969

8) The central bank of USA is called …………..

a) Reserve bank of USA
b) Federal reserve system
c) Federal bank
d) Bank of USA
9) Forecasting or fixing rate of inflation is called ……………
a) Inflation targeting
b) Exchange rate targeting
c) Money targeting
d) Tax targeting

10) When exchanged rate is pegged to another currency is called ………...

a) Exchange rate targeting
b) Money targeting
c) Tax targeting
d) Inflation targeting

11) Inflation target for India is …………

a) 4%
b) 8%
c) 10%
d) 0.1%

12)............is considered as an alternative to central bank

a) Currency chest
b) Currency board
c) SBI
d) IDBI

13) Managed float system involves the intervention of..............in the forex market
a) Foreign bank
b) Central bank
c) SBI
d) ICICI

14) Monetary policy in India is formulated by …….......

a) Financial minister
b) Ministry of corporate affair
c) Monetary policy committee
d) SBI

15) The exchange rate of mechanism is followed by India at present is ……………..

a) Fixed exchange rate
b) Flexible exchange rate
c) Managed float system
d) None of above

16) The autonomy of central bank is limited by ……………..

a) RBI intervention
b) Government intervention
c) Corporate affairs ministry
 d) None of above
17) Transparency improves.............Of the central bank
a) Accountability
b) Trustworthy
c) Credibility

18) …………….. has framed the rules for transparency at the global level
a) RBI
b) SBI
c) Central bank
d) The bank of international settlements

19) Top officials of the banking sector in India are appointed by the ………….
a) Corporate agency
b) Private agency
c) Government agency
d) None of above

20) The major weakness faced by central bank in emerging economies are …………..
a) Weak financial system
b) Financing government debt
c) Both a and b
d) Both a and c

21) Indian rupee is fully convertible in the ………

A) Current account
B) Capital account
C) None of two
D) Both a and b

23. The Reserve Bank of India was established on .

a) April 1, 1935
b) July 12, 1982
c) May 26, 2006
d) September 30, 2005

24. Who works as RBI's agent at places where it has no office of its
own? a) State Bank of India
b) Ministry of Finance
c) Government of India
d) International Monetary Fund

25. Which of the following is true about the functions performed by RBI -
(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit

(a) Both (i) and (ii)

(b) Both (iii) and (iv)
(c) All the Above
(d) None of the above

26. Which among the following is incorrect?

a) RBI is the Bank of Issue

b) RBI acts as Banker to the Government
c) RBI is Banker's Bank
d) RBI does not regulate the flow of credit--

27. India is a member of the International Monetary Fund since .

a) 1934
b) 1935
c) 1947
d) 1949

28. Which of the following is true about the restrictions on RBI?

(i) It is not to compete with the commercial banks.

(ii) It is not allowed to pay interest on its deposits.
(iii) It cannot engage directly or indirectly in trade.
(iv) It cannot acquire or advice loans against immovable property.
(v) It is prohibited from purchasing its own shares or the shares of any other bank or any company
or granting loans on such security.

(a) only (i),(ii),(iii), and (iv)

(b) only (v)
(c) all the above
(d) none of the above

29. When did the Reserve Bank of India notify the draft regulations relating to the Credit
Information Companies (Regulation) Act, 2005?

a) April 5, 2006
b) May 26, 2006
c) June 29, 2007
d) September 30, 2005

30. When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-
Banking Financial Companies) publish?

a) April 5, 2006
b) May 26, 2006
c) June 29, 2007
d) September 30, 2005
31. When did the Centre acquire the Reserve Bank of India's entire 59.73% equity stake in the State
Bank of India (SBI) at over Rs. 35,531 crore in New Delhi?

a) April 5, 2006
b) May 26, 2006
c) June 29, 2007
d) September 30, 2005

31. According to which guidelines did the Government pick up the entire SBI shares held by the RBI?

a) National Stock Exchange of India

b) Securities Commission
c) Financial Regulations
d) Securities and Exchange Board of India (SEBI)

32. When did the Government appoint for transfer of stake?

a) 29 June
b) 26 May
c) 5 April
d) 1 April

33. On which of the following date, RBI was established ?

a) 22nd April, 1934
b)1st August, 1935
c)1st April, 1935
d)22nd August, 1934

34 .RBI provides the Ways and Means Advances to whom ?

a)Central Government
b)State Government
c) Commercial Banks
d)All of these

35.Who was the first Indian Governor of RBI ?

a) Kuldeep Pathak
b)Dr. Rajyavardhan Sharma
c) Sir Mukund Khanna
d) Sir C.D. Deshmukh

36. Which is not a function of RBI ?

a) Holding cash reserves of all commercial banks and make available financial accommodation to them
b) Assuming responsibility of all banking operations of the government
c) Assuming the responsibility of the statistical analysis of data related to macro economy of India
d) Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation.

37. Which of the following statements is/are not true ?

a) RBI is the Bank of Issue.
b) RBI acts as the Banker of the Government.
c) RBI is known as the Banker's Bank.
d) RBI does not regulate the credit flow.

38. The Government picked up the entire Share of SBI held by the RBI according to which of the following
guidelines ?
a) Securities Commission
b) SEBI
c) National Stock Exchange of India
d) Financial Regulations

39.Which of the following Governors of RBI also served as the Finance Minister of India ?

a) Pranav Mukherjee
b) Amitabha Ghosh
c) Sir Benegal Rama Rau
d) Dr. Manmohan Singh

40.In which of the following cities, the regional head quarters of RBI is not situated ?
a) New Delhi
b) Mumbai
c) Bengaluru
d) Kolkata

41.Which of the following institutes is/are established by RBI ?

a) Indira Gandhi Institute for Development Research (IGIDR)
b) Institute for Development and Research in Banking Technology, Hyderabad (IDRBT)
c) National Institute of Bank Management (NIBM)
d) Only A and C

42.Which of the following works as the agent of RBI while it has no own offices ?
a) IMF
b) SBI
c) GOI
d) Ministry of Finance

43What would be the impact on cash reserves of the commercial banks if RBI conducts the sale of
securities?
a) Decrease
b) Increase
c) Either increase or decrease
d) Remains contant

44.Which among the following would not help RBI to control the inflation in the country ?
a) Increase in Reserve Ratio Requirements
b) Increase in Bank Rate
c) Purchase of securities in open market
d) Increase in Repo Rate

45.How many zonal training centers of RBI are there in India ?

a) 2
b) 3
c) 4
d) 5

46.In which year the nationalization of RBI was occured

? a) 1947
b) 1949
c) 1951
d) 1953

47. Which of the following schemes was formulated by the RBI ?

a) Mahatma gandhi National rural employment guarantee scheme
b)Rashtriya Swathya Bima Yojona
c) Banking Ombudsman Scheme
d) Jan Dhan Yojona

48. The logo of RBI consists of which animal ?

a) Elephant
b) Panther
c) Black Buck
d) Lion

49.Who is the 24th Governor of RBI

? a)Raghuram Rajan
b)Dr. Manmohan Singh
c) Urjit Patel
d) S. S Mundra

50.Who had the shortest tenture as the Governor of RBI ?

a) Dr. Manmohan Singh
b) Amitav Ghosh
c) Sir Benegal Rama Rau
d) S. S Mundra

51.Who had the longest tenture as the Governor of RBI ?

a) Raghuram Rajan
b) Dr. Manmohan Singh
c) Sir Benegal Rama Rau
d) R Gandhi

52. In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay)?
a)1936
b) 1937
c) 1938
d) 1939
e) 1940
53.RBI can issue currency notes up to which denomination
? a) Rs. 2000
b) Rs. 1000
c) Rs. 5000
d) Rs. 10000

54. Who was the first woman Deputy Director of RBI ?

a) Suhani Sharma
b) Vidya S
c) K J Udeshi
d) Anuradha Basu

55.Who was the first Governor of RBI ?

a) David Warner
b) Sir Phillip Smith
c) James Watson
d) Sir Osborne Smith

56.Which statement is not true regarding RBI ?

a) It is the Central Bank of India.
b) It was established in 1935.
c) It can issue currency notes.
d) Personal account can be opened in RBI.
.

57.Which of the following is/ are the Quantitative Instrument of RBI ?

a) CRR
b) Bank Rate Policy
c) SLR
d) All of these

58.RBI is a member of which of the following ?

a) Asian Clearing Union
b) IMF
c) Commonwealth Bank of Australia
d) Both A and C

59.RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise,
10 paise, 20 paise and 25 paise in which year ?
a) 2010
b) 2011
c) 2012
d) 2013

60.Which of the following coins is not issued by the RBI ?

a) Re. 1
b) Rs. 5
c) Rs. 10
d) None of these

61.According to the which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to its
holder ?
a) Section 22
b) Section 24
c) Section 26
d) Section 28

62.Which of the following factors is/ are considered by the RBI to determine the number of notes to
be issued by it ?
a) Inflation
b) Replacement of soiled banknotes
c) Reserve Stock
Requirements d) All of these

63) The present governer of RBI is

a) Shakti kanta das
b) Urjit patel
c) Nirmala Sitaraman
d) Arun Jately

64) The RBI achieves stability in the foreign exchange market through
a) bank rate
b) repo
c) market stabilization scheme
d) marginal standing facility

65) Inflation Forecasting is related to .

a) Inflation targeting
b) Exchange rate targeting
c) CRR
d) Monetary policy
66) repo and reverse repo are Instrument
a) qualitative
b) quantitative
c) fiscal
d) budegetory

67) Monetary policy in India is frame by .

a) monetary policy committee
b) state committee
c) central government
d) state government

68) During the recession time the CRR is .

a) reduce
b) increase
c) keptsame
d) double
69) inflation and recisiion are controlled by using _ .
a) monetary policy
b) fiscal policy
c) both a and b
d) both a and d

70) under deficit financing the central government borrow from the .
a) commercial bank
b) central bank
c) both
d) none

71. CRR means

a) capital reserve ration
b) cash reserve report
c) cash reserve ration
d) capital reserve rate.

72. NPA means

a) non performing acid
b) non performing asset
c) no problem asset
d) non payable advance

73. IMF means .

a) International Monetary Fund
b) International Money Facility
c) Internet money Fraud
d) Inter Management fund.

74. issued by RBI on Behalf of Govt.

a) Commercial paper
b) Treasury Bill
c) promissory note
d) corporate bond.

75. RTGS introduced in the year .

a) 2007
b) 2009
c) 2001
d) 2004