Banking quiz

What were the correct locations of three presidency banks during British India?

• Surat , Indore , Delhi

• Madras, Bombay, Calcutta

• Mysore, Nagpur, Lucknow

• Dehradun, Nashik, Vishakhapatnam

RBI started working from ....... headquartered .........

• 6 mar 1934, calcutta

• 1 APR 1935 , Calcutta

• 6 mar 1934 Bombay

• 1 APR 1935 Bombay

Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?

• Sec 19

• sec 17

• Sec 22

• Sec 21

Which of the following operations are undertaken by Small Finance Banks?

• Accept deposits, disburse loans

• Open saving account n withdrawl

• Accept deposits disburse loans n sell insurance products

• Open saving n current account and withdrawls

Which of these cannot be issued by a Payment bank?

• Debit Card

• Credit Card

• Foreign Exchange

• none

What do we call the rate at which the Reserve Bank of India lends money to commercial banks?

• CRR

• SLR

• REPO Rate

• Reverse REPO rate

Who is the chairperson of the Monetary Policy committee of India?

• Finance Minister

• Economic Advisor

• Prime Minister

• RBI Governor

What do we call the instruments of monetary policy which directly affect the quantity of money supply?

• Quantitative Measures

• Qualitative Measures

• Statistical Measures

• Both a and b

Which of these accounts cannot be opened in a Payment Bank?

• Recurring Deposits

• Fixed Deposits

• Current account

• Both a and b

Which of the following is not the fund based business of commercial banks?

• Loans and advances

• Acceptance of Deposits

• Merchant Banking

• None