TEST SERIES - 55 (II)

Open Market Operations of Reserve Bank of India refer to

• Trading in securities

• Auctioning of Foreign Exchange

• Transaction in Gold

• None of the above

Which one of the following statements is correct regarding increase in the Cash Reserve Ratio (CRR) in India?

• It increases credit creation

• It reduces credit creation

• It does not affect credit

• It denotes liberal monetary policy

A customer wishes to purchase some US dollars in India. He/she should go to

• Public Debt Division of the RBI only

• American Express Bank only

• RBI or any branch of a bank which is authorized for such business

• Ministry of Foreign Affairs

Open market operations of RBI refer to buying and selling of

• Commercial bills

• Foreign exchange

• Gold

• Government bonds

The Bank Rate is the rate interest at which the Reserve Bank of India provides loans to the

• Scheduled Commercial Banks

• Public Sector

• Corporate Sector

• Foreign Institutional Investors

Who central the activities of indigenous bankers?

• Lead Bank

• Regional Rural Bank

• Reserve Bank of India

• None of the above

Which among the following sectors contributes most to the saving in India?

• Banking and financial sector

• Private corporate sector

• Export sector

• Household sector

Which bank in India performs duties of Central Bank?

• Central Bank of India

• State Bank of India

• Both (a) and (b)

• Reserve Bank of India

Which of the following is India’s largest public sector Commercial Bank at present?

• IDBI Bank

• ICICI Bank

• AXIS Bank

• SBI

Which bank was earlier called the ‘Imperial Bank of India’?

• RBI

• SBI

• UBI

• PNB