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PRACTICE TEST

Total questions: 8

Worksheet time: 9mins

Name
Class
Date
1.

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

a)

open and close

b)

monetary and fiscal

c)

rural and urban

d)

quantitative and qualitative

2.

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

a)

1 and 2

b)

2 and 3

c)

1, 2 and 3

d)

all of them

3.

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

a)

foreign countries

b)

public

c)

agriculture

d)

commercial banks

4.

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

a)

foreign exchange

b)

Gold

c)

government securities

d)

iron and steel

5.

Mention any 4 types of digital channels.

4 lines
6.

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_______________

a)

Bank Rate

b)

Cash Reserve Ratio

c)

Open Market Operation

d)

Statutory Liquidity Ratio

7.

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

8.

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

a)

Yes

b)

No