PRACTICE TEST

The RBI"s methods of credit control may be broadly divided into two parts

• open and close

• monetary and fiscal

• rural and urban

• quantitative and qualitative

The RBI use the following instruments for quantitative control of credit

1. cash requirement ratio

2. sattutory liquidity ratio

3. open market ratio

4. margin requirements

• 1 and 2

• 2 and 3

• 1, 2 and 3

• all of them

Bank rate is the rate at which the RBI extends credit to the

• foreign countries

• public

• agriculture

• commercial banks

The open market operations refer to the sale and purchase by the RBI of

• foreign exchange

• Gold

• government securities

• iron and steel

Mention any 4 types of digital channels.

The Reserve Bank of India or RBI mandates that banks store a proportion of their deposits in the form of cash so that the same can be given to the bank’s customers if the need arises it is called as_______________

• Bank Rate

• Cash Reserve Ratio

• Open Market Operation

• Statutory Liquidity Ratio

___________ enables a bank’s customers to access banking products and services via an electronic/online platform.

Is there any restriction on withdrawal from debit cards per day:

• Yes

• No