Which out of the following 1.

liquid assets is not a part of

SLR? (A)
(A) Cash
(B)
(B) Govt. Securities
(C)
(C) Gold
Bonds
(D)
Who is the regulation of 2
2.
Insurance Sector in India ? (A)
(A) SEBI
(B) 3TÉO3ITRO`0ofosTo
B) IRDAI
(C)
(C) NABARD

PFRDA
(D) torysoROoo
(D)
Name India's first listed 3
3.
exchange ? qI ?
(A) MCX (A) qHotfloyto
(B) NSE (B)
es BSE (C) toysofo
(D) OTCExchange of India (D)
4. MCX deals with trading of : 4. HOtloyHo
hI :
(A) Stocks
(A)
(B) Gold
(B)
\ e Commodity Futures
(C)
(D) None of the above
(D)

1290 COM 31l Page - 3

 Coins are united by the 5.
according to the frgesT frfr 44, 2011 345HIR
coinage Act, 1906 and coinage
Act, 2011.
(A)
(A) RBI
(B)
(B) SBI
Both of the above
(C)
(C)
Government of India (D)

6. When was Reserve Bank of India 6.

established ? efi ?
(A) 1920
(A) 1920
(B) 1948
(B) 1948
(C) 1935
1935
(D) 1925
(D) 1925
which commission's 7.
7. On
recommendation; Reserve Bank

of India was established ?

Chamberlain Commission (A)
(A)
(B) Keynes Commission (B)
Hilton Young (C)
Commission
(D)
(D) None of the above
Which of the following words is 8
8

not used in Monetary Policy ?

(A) Bank Rate (A)
(B) Cash Reserve Ratio (B)
Blue Chop (C)
(D) Repo Rate (D)
COM 31|
1290 Page - 4
 9.
9. Who was the first governor o1
Reserve Bank of India from

Indian Origin ? (A)

(AJ/ C. D. Deshmukh (B)
(B) C. Rajagopalachari
(C)
(C) Osborne Smith

L.K. Jha (D)

(D)
10. In which year the RBI act was 10.

passed?

(A) 1955 (A) 1955

(B)1934 (B) 1934

1969 (C) 1969

(C)
1921 (D) 1921
(D)
11. Who will act as the banker to the 11.
Government of India ?

(A) NABARD (A)

(B) Nationalised Banks (B)

( Reserve Bank of Indja (C)

(D) State Bank of India (D)

12. Who gavethe Rupee Symbol ? 12.

(A) Rajeeve Shukla (A)

(B) Úday Kumar (B)

(C) Venkat Subramaniam (C)

(D) C. Mukherjee (D)

1290 COM 31| Page - 5

13. What is CRR? 13.
Cash Reserve Ratio (A)
(B) Current Ratio Rate (B)
(C) Review Report (C)
(D) Credit Rating Record (D)
14. Which of the following is not the
work of RBI?
(A Allocating funds directly
to the farmers for (A)

agricultural development
(B) Custodian of foreign (B)
currency
(C)
(C) Credit controller
(D) Bank of the Banks (D)
15. Who signs on the Rs. 1 note? 15.

(A) RBIGovernor

Prime Minister (A)

(B)
(B)
(C) Finance Minister
(C)
(D) Finance Secretary (D)
16. When was RBJ nationaliscd ? 16.

(A) 1914

(B) 1935 (A) 1914

(B) 1935
1949
(C) 1949
(D) 1929
(D) 1929

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17. The RB0 prints all the currency 17.
notes Cxcept the
CuIrency note.
(A)
(A) Ten Rupee
(B)
(B) Five Rupce
(C)
(COne Rupee
(D)} Two Rupee (D)
IS. Which depart1ment of the RBI is 18.
responsible for issuing currency
notes ?

(A) The loan department (A)

(B^ The issue department (B)
(C) The Agriculural department (C)
(D) Advisory committee
(D)
19. Which of the following is the 19.
first Development Bank of
India ?
A FCI (A)
(B) SFC
(B)
(C) NABARD
Siate Industrial (C)
Development (D)
Corporations
20. industrial Financc Corporation of 20.
lndia (IFC) was established in :
(A) 1946 (A) 1946

(B) 947 (B) 1947

1948 (C) 1948

(D) 194) (D) 1949

1290 COM 311 Page - 7

21. Which is the
financial 21.
development institution created
specially for the small & medium
enterprises ?
(A)
(AY SIDBI
(B) IDBI (B) IgO`Iodlo3HT®O
(C) NABARD (C)
(D) IFCILTD. (D)
22. Which agency is exclusively 22.
concerned with the credit needs
of all types agricultural and rural
farg 64 fafda ?
development ?
(A)
(A) SBI

(B) IDBI (B)

(C) RBI (C)

(D) NABARD (D)
23. Which of the following is not 23.

included in the reserve money ?

ftci ?
(ACurrency in circulation (A)
(B) Banker's deposits with
(B)
the RBI

(C)Government deposits
(C)
with the RBI
(D) Demand deposits with
banks (D)

COM 31|
1290
Page - 8
 24.
24. Which of the following measures
?
can be used to reduce inflation
1 Increase in Cash Reserve
Ratio (CRR) 1.

2 Increase in Statutory
Liquidity Ratio (SLR) 2. duftc RAI 3q4Id (HOyeio
3. Increase in Repo Rate 3RO)
4 Decrease in Reverse Repo
Rate
Select the coIrect answer using

the codes given below :

(A) land 2 only (A) hai 1r 2
(B)1, 2 and 3 only (B) hdd 1, 2 3r 3
(C) 3 and 4 only (C) ad 3 sitr 4
(D) 1,2, 3 and 4 (D) 1, 2, 3 3N 4
25. Priority Section lending by banks 25.

in India constitutes lending to

which of the following sectors ?
1. Renewable Energy
2. Education 2. frT
3. Housing 3
4. Social infrastructure 4. HHIG HAHVYI
Select the correct answer using
the codes given below :
(A) 1and 4 only (A) bai 1 sR 4
(B) 1, 2 and 3 only (B) od 1, 2 tr 3
( 2 , 3 and 4 only (C) hai 2, 3 3 4
(D) 1, 2, 3 and 4 (D) 1, 2, 3 3tt 4

1290 COM 311 Page - 9

26. Which of the tollowing is Dot 26.

correct about development banks

in India ?
(A)
(AY The Developments Banks
do not scck or acccpt
deposits from the public
(B) They providc short term
(B)
finance
(C)
(C) The development banks
promote cconomic

development by
promoting investment &"
(D)
enterprise
(D) None of these

27. Industrial devclopment bank 27.

was established as a subsidiary

of: eft :
RBI
(A)
(B) SIDBI
(B)
(C) SBI
Industrial credit &
(C)
(D)
investment corporation of (D)
India
28. Which of the following is a 28.

developmcnt bank?
(A) HDFC (A) (aoatoysotto
(B) NHB (B) yioqaodlo
(C) Axis Bank (C)
DCB (D)
(D) lotlodo
1290
COM 3|
Page - 10
 Which financial institution Is 29
29.

helping commereial banks is

the infrastructure
lending to
Sector ?
(A)
(A) FCLId.
(B)
(B} IDBI
IIFCL
(C)
(C)
(D) lIBI (D)
30. Credit authorization scheme was 30.

introduced by RBl in :
(A) 1935 (A) 1935

(B) 1949 (B) 1949

(C) 1965 (C) 1965

(D) 1969 (D) 1969

31. Repo Rate of the rate at which 31.

RBI lands to scheduled

commercial banks for :

(A) Very long term purpose (A)

BY Short term purpose (B)
(C) Medium term purpose (C)
(D) None of these (D)
32. Hcad office is RBI is located in :

(A Mumbai
(A) 9
(B) Chennai
(B)
(C) Delhi
iC)

() Kolkata (D)

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33. Bank Rate is decided by which 33.

of the following :
(A) State Bank of lndia
(A)
(B) Sccurities and Exchange
(B)
Board of lndia
(C)
(CL Reserve Bank of India

Government of India (D)

(D)
34. In order to inject money into the 34.

economy, what does RBI do ?

(A) Purchase of securities in (A)

openmarket

(B) Reduction in CRR and (B)

SLR

(C) Decrease in Repo Rate (C)

(D) All of the above (D)

35. Who appointcd the governor and 35.

the deputy governor of RBI?

(AY The Central Government (A)

(B) Staff Selection Comnission (B)

(C) Finance Minister
(C)
(D) The State Government
(D)

1290 CÔM 31|

Page - 12
 36.
36. A non-banking institution that
has a principal business of

receiving deposits under any

scheme or arrangement in one

lump suns or in installments by

way of contributions is known

as ?

(A) Principal non-banking

company (A)
(B) Residential non-banking

company (B)
(C) Residuary non-banking
(C)
Company

(D) Optional non-banking

(D)
company

37. To operate as NBFC in India, 37.

one has to take license from fry, fa

(A) SEBI (A)

(B) RBI (B)

(C) Ministry of Finance (C)

(D) FICCI (D)

1290 COM 311 Page - 13

 38. Development Banks" are : 38.
(A) Branches of Commercial
(A)
Banks whcther is private
or public sector, situated
rural area for

upliftment of weaker

sections of the society

(B Financial sections which
provide long term finance (B)
to industries

(C) Land development banks.

which provide development
financing to agriculture
(D) None of these (D)
39. When the Reserve Bank of India 39.
announces an increase in the
cash reserve ratio, what does it
Imean

(A)A The commercial banks (A)

will have less money to
lend
(B) The union government (B)
will have less money to
lend
(C) The union government (C)
willmore money to lend
(D) The Commercial banks
(D)
will have more money to
lend

1290 COM 31|

Page - 14
40. Which of the following are the
indicators of the monitory HCTs ?
Policy? (A)
(A) Inflation
(B)
(B) GDP
(C)
MSF Rate
(C)
(D)
(DY Allof the above
41.
41. Who is the Ccntral Monctary
?
Policy Authority in India ?
(AJ RBI (A)

(B) Finance Ministry (B)

(C) Parliament (C)

(D) Prime Minister (D)

42. Which of the following is not the

function of the Reserve Bank

India ?
(A)
(A) Regulating credit in the
country (B)
(B) Acting as bankers to the
government
(C)
(C) Issuing of one rupee notes
& coins

(D) Keeping of Forcign

(D)
Exchange Reserve

1290 COM 311 Page - 15

43. The RBI issued currency for the 43.
first time in January 1938 when
it issued currency of
with the photo of George VI on
it:
(A) 10
Rs 10
(A)
(B) 1
(B) Rs 1
(C) 55
( Rs 5
(D) Rs 20 (D) 5 20

44. What are the principle of issuing 44.

notes ?
(A)
(A) Uniformity
(B)
(B) Security
(C)
(C) Elasticity
AO) All of the above (D)
45. How many numbers are there in 45.
the Central Board of the director
of the RBI? (A) 10
(A) 10
(B) 20
20
(C) 5
(C) 5

(D) 100 (D) 100

46. Which section of RBI Act states 46.

that the RBI has the executive

rights to issue currency notes in
India ?
(A) 17 (A) 17
(B) 19 (B) 19
(C) 21 (C) 21
(D 22 (D) 22

1290 COM 31
Page - 16
 47.
47. How many local Boards are there
in the organizations structures of
RBI? (A)
(A) Four
(B)
(B) Threc
(C)
(C) Two
(D) One
(D)

Sterilization by the RBI is 48. 3ATR

48.
caIried through :
Open market operation
(A)
Reduction in bank rate
(B)
(B)
(C) Deficit financing operation
(D) Reduction in statutory (C)
liquidity ratio (D)

49. What is meant by Monetary 49.

Policy ? (A)
(A) The process by which the
Parliament controls the
money supply (B)
(B) The process by which the
central bank or monetary
authority of a country
controls the supply of
money
(C)
(C) The process by which
International market
controls the money
supply
(D)
(D) None of the above

1290 COM 31| Page - 17

S0. Consider the following 50.

stateents rcgarding Rescrve

Bank of lndia

1. It a banker to the Central

Govemment
2. It manages the money

supply in the economy

3. It acts as a custodian of 3.

foreign exchange reserves of

India
4
4. It handles the borrowing
programme of the

Government of India
Which of the statements given
above are correct ? (A) 130R 2
(A) 1and 2
(B) 2, 3 3N 4
(B) 2.3 and4
(Y I, 2, 3 and 4 (C) 1, 2, 3 3R 4
(D) 3 and 4 (D) 33R 4
k**k **

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