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RBI
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Q 1. What will happen if there is an
increase in Cash Reserve Ratio (CRR)?
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A. Their will be
a decrease in lendable resources
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Q 2. Why Reserve Bank of India (RBI) also
known as lender of last resort?
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A. As RBI is also
known as Banker of Banks, it provides emergency advances to the banks during
the time of crisis.
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Q 3. Whenever a bank returns a cheque
unpaid, then what that cheque is called?
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A. Dishonour
Cheque
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Q 4. Which is the third largest public
sector bank of India?
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A. Punjab
National Bank (PNB), whereas Bank of Broda stood 2nd and SBI on 1st position.
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Q 5. What does ASBA stands for?
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A. Application
Supported by Blocked Amount
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Q 6. In which year RBI announced Banking
Ombudsman scheme?
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A. 1995
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Q 7. What is the percentage of Foreign
Direct Investment (FDI) in private sector banks?
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A. 74%
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Q 8. How many directors are associated
with reserve Bank of India?
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A. 21
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Q 9. Which policy is adopted by RBI
during Inflation?
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A. Dear Money
Policy
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Q 10. What is the main function of World
Bank?
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A. To promote the
growth of international trade
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Q 11. Which negotiable instruments can be
crossed to banks?
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A. Bill of
Exchange
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Q 12. Which act is associated with
problem of Non Performing Assets?
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A. Banking
Regulation Act, 1949
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Q 13. Savings account is also known as?
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A. Common man
account
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Q 14. What are linked accounts?
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A. Accounts which
are linked together within a same bank fir transferring money electronically.
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Q 15. Why banking ombudsman scheme
launched?
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A. The scheme was
announced to resolve customer complaints with the services of banks.
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Q 16. Why KYC is launched by RBI?
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A. RBI announced
Know Your Customer (KYC) to ensure the correct identity of the customer.
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Q 17. Goods and Services Tax would
replace which tax?
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A. Value Added
Tax
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Q 18. What does FRBM stands for?
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A. Fiscal
Responsibility and Budget Management
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