Practice Question and Answer

Q: 1 Portion of deposits banks have to park with RBI is called ___? 19 0

  • 1
    Statutory Reserve Ratio
    Correct
    Incorrect
  • 2
    Capital Adequacy Ratio
    Correct
    Incorrect
  • 3
    Cash Reserve Ratio
    Correct
    Incorrect
  • 4
    CASA Ratio
    Correct
    Incorrect
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Answer : 3. "Cash Reserve Ratio"
Explanation :

Q: 2 What is the Capital Adequacy ratio for a new bank applying for license in India, as per the draft guidelines of RBI for issuing new bank licenses? 18 0

  • 1
    9%
    Correct
    Incorrect
  • 2
    10%
    Correct
    Incorrect
  • 3
    11%
    Correct
    Incorrect
  • 4
    12%
    Correct
    Incorrect
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Answer : 4. "12%"
Explanation :

Q: 3 In India, the Foreign Exchange Reserves are kept in the custody of which among the following? 11 0

  • 1
    Ministry of Finance
    Correct
    Incorrect
  • 2
    EXIM bank
    Correct
    Incorrect
  • 3
    Reserve bank of India
    Correct
    Incorrect
  • 4
    Selected public sector banks
    Correct
    Incorrect
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Answer : 3. "Reserve bank of India"
Explanation :

Q: 4 Which among the following is the short name of highest authority in India for Indirect Taxes? 18 0

  • 1
    CBED
    Correct
    Incorrect
  • 2
    CBDT
    Correct
    Incorrect
  • 3
    CBEC
    Correct
    Incorrect
  • 4
    CBIT
    Correct
    Incorrect
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Answer : 3. "CBEC"
Explanation :

Q: 5 Which among the following can not be called an ant inflationary measure? 12 0

  • 1
    Raising the Bank Rates
    Correct
    Incorrect
  • 2
    Raising the Reserve Ratio Requirements
    Correct
    Incorrect
  • 3
    Purchase of securities in the Open Markets
    Correct
    Incorrect
  • 4
    Rationing of the Credit
    Correct
    Incorrect
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Answer : 3. "Purchase of securities in the Open Markets"
Explanation :

Q: 6 If the Reserve Bank of India wants to increase the Cash Reserves commercial Banks, which among the following would be the most probable step taken by 9 0

  • 1
    Release Gold from its reserves
    Correct
    Incorrect
  • 2
    Buy bonds in the open market
    Correct
    Incorrect
  • 3
    prohibit the transactions that involve bill of exchange
    Correct
    Incorrect
  • 4
    Increase the tranche reserves with the IMF
    Correct
    Incorrect
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Answer : 2. "Buy bonds in the open market"
Explanation :

Q: 7 Maximum share in India’s total external debt is of which among the following currency? 3 0

  • 1
    US Dollar
    Correct
    Incorrect
  • 2
    Indian Rupee
    Correct
    Incorrect
  • 3
    Euro
    Correct
    Incorrect
  • 4
    Japanese yen
    Correct
    Incorrect
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Answer : 1. "US Dollar"
Explanation :

Q: 8 National Small Savings Fund is a part of which among them following? 7 0

  • 1
    Consolidated Fund of India
    Correct
    Incorrect
  • 2
    Public Account of India
    Correct
    Incorrect
  • 3
    Contingency Fund of India
    Correct
    Incorrect
  • 4
    Prime Minister's Relief Fund
    Correct
    Incorrect
  • 5
    Consolidated Fund of India
    Correct
    Incorrect
  • 6
    Public Account of India
    Correct
    Incorrect
  • 7
    Contingency Fund of India
    Correct
    Incorrect
  • 8
    Prime Minister's Relief Fund
    Correct
    Incorrect
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Answer : 2. "Public Account of India" 6. "Public Account of India"
Explanation :

      Report Error : Portion of deposits banks have to park with RBI is called ___?

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      Report Error : What is the Capital Adequacy ratio for a new bank applying for license in India, as per the draft guidelines of RBI for issuing new bank licenses?

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      Report Error : In India, the Foreign Exchange Reserves are kept in the custody of which among the following?

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      Report Error : Which among the following is the short name of highest authority in India for Indirect Taxes?

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      Report Error : Which among the following can not be called an ant inflationary measure?

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      Report Error : If the Reserve Bank of India wants to increase the Cash Reserves commercial Banks, which among the following would be the most probable step taken by

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      Report Error : Maximum share in India’s total external debt is of which among the following currency?

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      Report Error : National Small Savings Fund is a part of which among them following?

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