Banking GK For RBI Assiatant

1. Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country ? (1) Bank Rate (BR) (2) Special Drawing Rights (SDR) (3) Statutory Liquidity Ratio (SLR) (4) Cash Reserve Ratio (CRR) (5) None of these Ans: (2) 2. Which of the following tool is used frequently by the RBI to control credit and monetary situations of the markets in the country? (1) Cash Reserve Ratio (2) Real Time Gross Settlement (RTGS) (3) Balance of Trade (4) Forward Trade Agreements (5) Electronic Clearing Service Ans: (1) 3. Which among the following organization has got the principal approval from the Reserve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs)? (1) Muthoot Finance (2) Union Bank of India (3) LIC (Life Corporation of India) (4) NICL (National Insurance Company Limited) (5) None of these Ans: (1) 4. Present minimum & maximum limit for RTGS transactions is ____. (1) Rs.50000, Rs 200000 (2) Rs. 1 lac, No Limit (3) Rs. 2 lac, Rs 5 lac (4) Rs.5 lac, Rs 10 lac (5) Rs. 2 lac, No Limit Ans: (5) 5. The Reserve Bank of India (RBI) constituted a working group to examine various issues concerning the deposit rates, including floating rate of interest on fixed deposits under the chairmanship of: (1) SS Kohli (2) Dalbir Singh (3) HN Sinor (4) RK Talwar (5) None of these Ans: (3) 6. The maximum amount of the total revenue earned by the government of India comes from(1) Income Tax (2) Customs Duty (3) Excise Duty (4) VAT (5) Corporate Tax Ans: (5)

7. Recently RBI launch Inflation Indexed Bonds (IIBs) to stop away investors from gold to paperbased savings instruments. What is the maturity period these bonds? (1) 5 years (2) 10 years (3) 6 years (4) 7 years (5) None of these Ans: (2) 8. In order to promote lending to priority sectors, the Reserve Bank has allowed urban co-operative banks (UCBs) to grant unsecured loans up to how much percent of their assets? (1) 5 % (2) 10% (3) 15% (4) 20% (5) 25% Ans: (5)

9. Government has extended the term of which among the following Deputy Governor of the RBI? (1) Ujjwal Patel (2) Subir Gokaran (3) HR Khan (4) Anand Sinha (5) None of these Ans: (4)
10. RBI Provides ____ for meeting day - to - day receipt and expenditure mismatch to both Central and State Governments. 1) treasury bills 2) Ways and Means advance 3) date and securities 4) All the above 5) None of these Ans: 2) 11. The maximum number of withdrawals permitted in a savings account, half yearly is__? (1) 90 (2) 60 (3) 50 (4) 110 (5) None of these Ans: (3) 12. The Capital Account Convertibility of the Indian rupee refers to: (1) that the Indian rupee can be exchanged for the US dollar for international trade in goods and service (2) that the Indian rupee can be exchanged for any major currency for the purpose of trading financial assets (3) that the Indian rupee can be exchanged by the authorized dealer for travel purpose (4) that the Indian rupee can be exchanged for any major currency for the purpose of trade in goods and services (5) None of the above Ans: (2)

13. Fiscal Responsibility and Budget Management Act (FRBM) concerns: I. Fiscal Deficit II. Balance of Payment III. Revenue Deficit (1) Only I (2) Only II (3) I & II (4) I & III (5) All of these Ans: (4) 14. Which of the principal institution for promotion, financing and development of small scale industries in the country? (1) RBI (2) SBI (3) IDBI (4) SIDBI (5) None of these Ans: (4) 15. Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within general or quantitative methods of credit control? (1) Stipulation of certain minimum margin in respect of advance against specified commodities (2) Open market operations (3) Bank rate (4) Variable reserve requirement (5) None of these Ans: (1)

7. Recently RBI announced to launch 10 plastic notes in 5 cities: Kochi, Mysore, Jaipur, Bhubhaneshwar and Shimla. 8. Under RBI guidelines under Scheme A, RBI gives the approval to establishes a minimum of 1000 White Label ATMs (WLAs).in first year to any Non Banking Finance company.

9. RBI Sign first Currency Swap Agreement with Royal Monetary Authority of Bhutan with valid for a period of 3 years. 10. RBI generally reviews the Monetary policy for every 3 months. 11. RBI was set up on the recommendations of Hilton Young Commission. 12. Monetary policy is a tool with RBI to regulate to regulate the interest rate and money supply expansion that prevail in the economy. 13. Certificates of deposit (CDs) are shortterm borrowings in the form of Promissory Notes having a maturity of not less than 7 days up to a maximum of one year.

Important Points: 14. Commercial Papers are short term borrowings by Corporates, FIs, PDs, from Money Market. Issued subject to minimum of Rs 5 lakhs and in the multiples of Rs. 5 Lac. CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.

1. According to RBI lifespan of the polymer or Plastic notes is 5 years four times that of paper banknotes means paper bank notes have a lifespan of1 year. 2. Reserve Bank of India projected a GDP growth for 2013-14 at 5.7%. 3. Governor of RBI: D.Subbarao Deputy Governor of RBI: 1. Dr. K.C. Chakarabarty 2. Urjit Patel (replaced Subir Gokran) 3. Anand Sinha 4. HR Khan 4. Increase in net RBI credit for central government represents: Monetiseddeficit. 5. Participatory Notes (PNs) are associated with: Foreign Institutional Investors.

6. Headquarter of RBI (Reserve Bank of India) : Mumbai