McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 151. |
Which among the following is incorrect? |
| A. | RBI is the Bank of Issue |
| B. | RBI acts as Banker to the Government |
| C. | RBI is Banker's Bank |
| D. | RBI does not regulate the flow of credit |
| Answer» D. RBI does not regulate the flow of credit | |
| 152. |
RBI provides the Ways and Means Advances to whom? |
| A. | Central Government |
| B. | State Government |
| C. | Commercial Banks |
| D. | All of these |
| Answer» B. State Government | |
| 153. |
Who was the first Indian Governor of RBI? |
| A. | Kuldeep Pathak |
| B. | Dr. Rajyavardhan Sharma |
| C. | Sir Mukund Khanna |
| D. | Sir C.D. Deshmukh |
| Answer» D. Sir C.D. Deshmukh | |
| 154. |
Which is not a function of RBI? |
| A. | Holding cash reserves of all commercial banks and make available financial accommodation to them |
| B. | Assuming responsibility of all banking operations of the government |
| C. | Assuming the responsibility of the statistical analysis of data related to macro economy of India |
| D. | Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation |
| Answer» C. Assuming the responsibility of the statistical analysis of data related to macro economy of India | |
| 155. |
Which of the following statements is/are not true about RBI? |
| A. | RBI is the Bank of Issue. |
| B. | RBI acts as the Banker of the Government. |
| C. | RBI is known as the Banker's Bank. |
| D. | RBI does not regulate the credit flow. |
| Answer» D. RBI does not regulate the credit flow. | |
| 156. |
The Government picked up the entire Share of SBI held by the RBI according to which of the following guidelines? |
| A. | Securities Commission |
| B. | SEBI |
| C. | National Stock Exchange of India |
| D. | Financial Regulations |
| Answer» B. SEBI | |
| 157. |
Which of the following Governors of RBI also served as the Finance Minister of India? |
| A. | Pranav Mukherjee |
| B. | Amitabha Ghosh |
| C. | Sir Benegal Rama Rau |
| D. | Dr. Manmohan Singh |
| Answer» D. Dr. Manmohan Singh | |
| 158. |
In which of the following cities, the regional headquarters of RBI is not situated? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Bengaluru |
| D. | Kolkata |
| Answer» C. Bengaluru | |
| 159. |
Which among the following would not help RBI to control the inflation in the country? |
| A. | Increase in Reserve Ratio Requirements |
| B. | Increase in Bank Rate |
| C. | Purchase of securities in open market |
| D. | Increase in Repo Rate |
| Answer» C. Purchase of securities in open market | |
| 160. |
How many zonal training centers of RBI are there in India? |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» C. 4 | |
| 161. |
In which year the nationalization of RBI was occurred? |
| A. | 1947 |
| B. | 1949 |
| C. | 1951 |
| D. | 1953 |
| Answer» B. 1949 | |
| 162. |
The logo of RBI consists of which animal? |
| A. | Elephant |
| B. | Panther |
| C. | Black Buck |
| D. | Lion |
| Answer» B. Panther | |
| 163. |
In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay)? |
| A. | 1936 |
| B. | 1937 |
| C. | 1938 |
| D. | 1939 |
| Answer» B. 1937 | |
| 164. |
Who was the first Governor of RBI? |
| A. | David Warner |
| B. | Sir Phillip Smith |
| C. | James Watson |
| D. | Sir Osborne Smith |
| Answer» D. Sir Osborne Smith | |
| 165. |
Which statement is not true regarding RBI? |
| A. | It is the Central Bank of India. |
| B. | It was established in 1935. |
| C. | It can issue currency notes. |
| D. | Personal account can be opened in RBI. |
| Answer» D. Personal account can be opened in RBI. | |
| 166. |
Which of the following is/ are the Quantitative Instrument of RBI? |
| A. | CRR |
| B. | Bank Rate Policy |
| C. | SLR |
| D. | All of these |
| Answer» D. All of these | |
| 167. |
RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise, 10 paise, 20 paise and 25 paise in which year? |
| A. | 2010 |
| B. | 2011 |
| C. | 2012 |
| D. | 2013 |
| Answer» B. 2011 | |
| 168. |
Which of the following coins is not issued by the RBI? |
| A. | Re. 1 |
| B. | Rs. 2 |
| C. | Rs. 5 |
| D. | Rs. 10 |
| Answer» A. Re. 1 | |
| 169. |
According to which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to its holder? |
| A. | Section 22 |
| B. | Section 24 |
| C. | Section 26 |
| D. | Section 28 |
| Answer» C. Section 26 | |
| 170. |
Which of the following factors is/ are considered by the RBI to determine the number of notes to be issued by it? |
| A. | GDP Growth |
| B. | Inflation |
| C. | Replacement of soiled banknotes |
| D. | All of these |
| Answer» D. All of these | |
| 171. |
When did the Government appoint for transfer of stake? |
| A. | 29 June |
| B. | 26 May |
| C. | 5 April |
| D. | 1 April |
| Answer» A. 29 June | |
| 172. |
India is a member of the International Monetary Fund since _____. |
| A. | 1934 |
| B. | 1935 |
| C. | 1947 |
| D. | 1949 |
| Answer» C. 1947 | |
| 173. |
Who works as RBI's agent at places where it has no office of its own? |
| A. | State Bank of India |
| B. | Ministry of Finance |
| C. | Government of India |
| D. | International Monetary Fund |
| Answer» A. State Bank of India | |
| 174. |
Who mints the coins in India? |
| A. | Ministry of Finance |
| B. | Reserve Bank of India |
| C. | Prime Minister's Office |
| D. | Commerce and Industry Ministry |
| Answer» A. Ministry of Finance | |
| 175. |
RBI known as lender of last resort because: |
| A. | It has to meet the credit need of citizens to whom no one else is willing to lend |
| B. | Banks lend to go to RBI as a last resort |
| C. | It comes to help banks in times of crisis |
| D. | All of the above |
| Answer» C. It comes to help banks in times of crisis | |
| 176. |
What does Deficit financing mean? |
| A. | Government of India borrows from World Bank |
| B. | Government of India borrows from IMF |
| C. | Government of India borrows from SBI |
| D. | Government of India borrows from RBI |
| Answer» D. Government of India borrows from RBI | |
| 177. |
Which is incorrect with regard to powers of RBI: |
| A. | Holds cash reserve banks |
| B. | Controls banking system through licensing |
| C. | Supervises Banking system through inspection |
| D. | None of the above |
| Answer» D. None of the above | |
| 178. |
Which of the following term is not used in the Formation of Monetary Policy? |
| A. | Cash Reserve Ratio |
| B. | Repo Rate |
| C. | Bank Rate |
| D. | Blue chip |
| Answer» D. Blue chip | |
| 179. |
Which of the following sentence is not correct? |
| A. | RBI was nationalized on January 1, 1935. |
| B. | RBI’s head quarter is in Delhi |
| C. | RBI is the custodian of the foreign currency in India |
| D. | all of the mentioned |
| Answer» A. RBI was nationalized on January 1, 1935. | |
| 180. |
M Narasimham headed |
| A. | The working group constituted by the Government of India in July 1975 for the establishment of Regional Rural Banks |
| B. | The committee on the financial system 1991 |
| C. | The committee on Banking Sector Reforms 1997 |
| D. | All of the above |
| Answer» D. All of the above | |
| 181. |
Narasimham Committee was appointed on………… |
| A. | Agricultural reforms |
| B. | Industry reforms |
| C. | Insurance reforms |
| D. | Banking reforms |
| Answer» D. Banking reforms | |
| 182. |
What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks by the year 2000? |
| A. | 8% |
| B. | 9% |
| C. | 10% |
| D. | 11% |
| Answer» B. 9% | |
| 183. |
What was the maximum limit of Statutory Liquidity Ratio had Narasimham Committee recommended? |
| A. | 25% |
| B. | 20% |
| C. | 15% |
| D. | 18% |
| Answer» A. 25% | |
| 184. |
Who is the custodian of monetary reserves in India? |
| A. | SBI |
| B. | SIDBI |
| C. | NABARD |
| D. | RBI |
| Answer» D. RBI | |
| 185. |
Regional Rural Banks were set up on the recommendations of: |
| A. | Nariman committee |
| B. | Narasimham committee |
| C. | Gadgil committee |
| D. | Puri committee |
| Answer» B. Narasimham committee | |
| 186. |
Which of the following can be categories as a Merchant Banking service? |
| A. | Consultancy on finance to a company |
| B. | Advance in capital structure |
| C. | Managing mergers & in finalizing take over |
| D. | All the above |
| Answer» A. Consultancy on finance to a company | |
| 187. |
In India, forex rates are determined by: |
| A. | Importers |
| B. | Exporters |
| C. | RBI |
| D. | Demand and supply forces |
| Answer» D. Demand and supply forces | |
| 188. |
Committee, launched the process of reforms of financial system in India: |
| A. | Gadgil committee |
| B. | Nariman committee |
| C. | Narasimham committee |
| D. | Khanna Committee |
| Answer» C. Narasimham committee | |
| 189. |
Which of the following can be categories as a Merchant Banking service? |
| A. | Consultancy on finance to a company |
| B. | Advance in capital structure |
| C. | Managing mergers & in finalizing take over |
| D. | All the above |
| Answer» D. All the above | |
| 190. |
The instrument which provides proprietary interest in company and which entitles a person to dividend on profits, is called? |
| A. | Bond |
| B. | Share |
| C. | Debenture |
| D. | Warrant |
| Answer» B. Share | |
| 191. |
Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India? |
| A. | NABARD |
| B. | SIDBI |
| C. | RBI |
| D. | SEBI |
| Answer» A. NABARD | |
| 192. |
What is NOT a mechanism that contributes to the success of micro-credits? |
| A. | Collaterals |
| B. | Dynamic incentives |
| C. | Peer monitoring |
| D. | Regular payment schedules |
| Answer» A. Collaterals | |
| 193. |
What does the microfinance model NOT predict? |
| A. | A decrease in interest rates when repayment is regular and in time |
| B. | Homogeneous risk groups |
| C. | Self-selection of best borrowers |
| D. | None of the above |
| Answer» C. Self-selection of best borrowers | |
| 194. |
Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through which of the following? |
| A. | Self Help Groups |
| B. | Anganwadees |
| C. | Co-operative credit Societies |
| D. | RBI |
| Answer» A. Self Help Groups | |
| 195. |
Which of the following are loans of very small amounts given to low income groups or poor household? |
| A. | Simple Credit |
| B. | Rural Credit |
| C. | Micro Credit |
| D. | No Frills Loan |
| Answer» C. Micro Credit | |
| 196. |
Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed? |
| A. | Ponzi schemes |
| B. | Micro finance System |
| C. | Money Laundering Schemes |
| D. | Money Tampering Finance |
| Answer» B. Micro finance System | |
| 197. |
Which of the following statements related to Micro Finance System is wrong? |
| A. | It provides micro credit having scope for small savings and remittances of funds |
| B. | It based on the principles of livelihood creations |
| C. | High volumes of low transactions done through this system |
| D. | None is wrong |
| Answer» D. None is wrong | |
| 198. |
When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as: |
| A. | Term Deposit |
| B. | Demand Deposit |
| C. | Bond |
| D. | Mortgage |
| Answer» A. Term Deposit | |
| 199. |
We should keep our savings with banks because |
| A. | It is safe |
| B. | Earns interest |
| C. | Can be withdrawn anytime |
| D. | All of above |
| Answer» D. All of above | |
| 200. |
Bank does not give loan against |
| A. | Gold Ornaments b |
| B. | LIC policy |
| C. | Lottery ticket |
| D. | NSC |
| Answer» C. Lottery ticket | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.