Banking Awareness Questions & Answers – Part 4

16. What is a Repo Rate?
A. It is a rate at which RBI sell government securities to banks
B. It is a rate at which banks borrow rupees from RBI
C. It is a rate at which RBI allows small loans in the market
D. It is a rate which is offered by Banks to their most valued customers or prime customers
Answer:
B. It is a rate at which banks borrow rupees from RBI

17. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
A. Certificate of Deposits
B. Bonds
C. Stocks
D. Commercial Papers
Answer:
C. Stocks

18. Which of the following bank acts as a government banker?
A. State Bank of India
B. All Public Sector Banks
C. Co-operative Banks
D. Scheduled Banks
Answer:
A. State Bank of India

19. Reserve Bank of India was setup on the recommendations of which of the following commission/committee?
A. Royal Commission
B. Hilton Young Commission
C. Dantwala Committee
D. D R Mehta Commission
Answer:
B. Hilton Young Commission

20. The Central bank of India, RBI, reviews the monetary policy for every
A. Three Months
B. Six Months
C. Nine Months
D. Twelve Months
Answer:
A. Three Months

Sign-up for our email newsletter and get free job alerts, current affairs and GK updates regularly.
Subscribe Here (or)

Leave a Reply

Your email address will not be published. Required fields are marked *


− three = 1

Popup Dialog Box Powered By : XYZScripts.com
  • RSS
  • Facebook
  • Google+
  • Twitter