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Money and Banking Test - 10

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Money and Banking Test - 10
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Weekly Quiz Competition
  • Question 1
    1 / -0.25

     

    Who works as RBI 's agent at places where it has no office of its own?

     

  • Question 2
    1 / -0.25

     

     The Reserve Bank of India issues all currency notes except:

     

    Solution

     

     

    Under Section 22 of the Reserve Bank of India Act, RBI has sole right to issue currency notes of various denominations except one rupee notes.
    The One Rupee note is issued by Ministry of Finance and It bears the signatures of Finance Secretary, while other notes bear the signature of Governor RBI.
    However RBI is the only source of legal tender money because distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as agent of the Government.

     

     

  • Question 3
    1 / -0.25

     

    Which of the following is a qualitative method of credit control  

     

    Solution

     

     

    Credit control is most important function of Reserve Bank of India. Credit control in the economy is required for the smooth functioning of the economy. By using credit control methods RBI tries to maintain monetary stability. There are two types of methods: Quantitative control to regulates the volume of total credit.

     

     

  • Question 4
    1 / -0.25

     

    Which of these is not a Selective Credit Control Policy?

     

  • Question 5
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     The RBI can decrease the bank credit by:

     

  • Question 6
    1 / -0.25

     

    Which one of the following is not an objective of RBI?

     

  • Question 7
    1 / -0.25

     

    Which one of the following measures is not adopted by RBI for controlling credit in India?

     

  • Question 8
    1 / -0.25

     

     Which of the following is not a function of the RBI?

     

  • Question 9
    1 / -0.25

     

    Which one of the following statement defines the term “Reverse Repo Rate?

     

    Solution

     

     

    Reverse repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country. It is a monetary policy instrument which can be used to control the money supply in the country.

     

     

  • Question 10
    1 / -0.25

     

    Which of the following is used as a measure of credit control by Central Bank?

     

  • Question 11
    1 / -0.25

     

     Rs. 10 note is issued by:

     

  • Question 12
    1 / -0.25

     

    __________ is the Banker ’s Bank in India:

     

  • Question 13
    1 / -0.25

     

    RBI was Nationalized in :

     

  • Question 14
    1 / -0.25

     

    The objectives of monetary policy are ______.

     

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