(ii) It also keeps the exchange rate of domestic currency at stable level.
(A) It gives fixed returns.
(C) It invests in both debt and shares.
(D) It assures growth in value.
(A) bullion market.
(C) market of guns.
(D) market of pure metals.
(B) to decrease it.
(A) to help RBI in the regulation of foreign exchange.
(B) to prevent unlicensed transaction.
(D) to conserve foreign exchange.
(B) (ii) and (iv).
(B) to reduce the freedom given to banks to rationalize their existing branch network.
(C) to set-up more foreign exchange banks.
(D) to lend more easily for industrial development.
(A) It regulates the currency and credit system of India.
(B) It maintains the exchange value of the rupee.
(C) Foreign exchange reserves are kept by RBI.
(A) all the currency notes.
(C) all the currency notes except the hundred rupee note.
(D) only notes of rupees 10 and above.
(B) Central Govt. Ministry of Finance
(C) Central Govt. Ministry of Home
(A) lower than market lending rate.
(B) higher than market lending rate.
(C) equal to market rate.
(A) are direct credit control technique.
(C) assist foreign exchange dealers.
(A) instructs banks to reduce interest rate on lending.
(B) purchases bonds from public.
(C) reduces SLR.
(A) RBI does not control foreign exchange reserve.
(B) RBI does not provide short-term loan to the Central Government.
(D) RBI has direct control over the non-banking financial intermediaries.
(A) frequency of bills changing hands will be low.
(C) frequency of bills changing hands will be medium.
(D) market will be neutral.
(A) long term credit.
(C) medium term credit.
(D) assistance for Govt. loans taken from market
WBCS Main Question Paper – 2019
(A) CRR
(B) SLR
(C) Repo Rate
(D) Prime Lending Rate
Â
(A) 1935
(B) 1940
(C) 1947
(D) 1949
Â
(A) credit control
(B) reducing fiscal deficit
(C) reducing deficit financing
(D) increasing tax revenue
Â
(A) industrial development
(B) urban development
(C) rural development
(D) development of railways
Â
(i) PCA norms permit RBI to put in place certain restrictions such as halting branch expansion and stopping dividend payment etc.
(ii) The norms are also capable of even capping a bank’s lending limit to one entity or sector.
(iii) Under PCA, the RBI is also capable of superseding the bank’s board.
Select the correct answer:
(A) (i) and (ii) only
(B) (i) and (iii) only
(C) (ii) and (iii) only
(D) (i), (ii) and (iii)
Â
(A) NPAs
(B) Restructured Loans
(C) Written off Assets
(D) All of the above
Â
(A) Warrants
(B) Swaptions
(C) Baskets
(D) All of the above
Â
71. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
(SARFAESI) Act passed in the year
(A) 1992
(B) 2005
(C) 2002
(D) 2000
Â
72. _____ is the
venture capital assistance at the stage where the project started to fetch profit but not reached in its full efficiency.
(A) Startup Capital
(B) Bridge Capital
(C) Mezzanine Capital
(D) Seed Capital
Â
(A) BOLT(BSE)
(B) NEAT
(C) ALBM
(D) BLISS
(A) RBI
(B) SEBI
(C) Both SEBI and GOI
(D) IRDA
Â
(A) Bank Rate
(B) Margin requirements
(C) SLR
(D) Open market operation
Â
(A) NABARD
(B) NSCCL
(C) NSE
(D) BSE
Â
(A) Open ended
(B) Close ended
(C) Balanced
(D) Income
Â
139. The public sector banks in India have the largest number of branches in which of the following countries?
(A) Singapore
(B) UAE
(C) UK
(D) Hong Kong
Â
143. The RBI has said that
PPI users will have no liability if they report fraud within three days. Hence the term PPI stands for
(A) Postpaid Payment Instruments
(B) Permitted Payment Instruments
(C) Primary Payment Instruments
(D) Prepaid Payment Instruments
Â
(A) Bridge Loan
(B) Assignment
(C) Overdraft
(D) Syndicate Loan
Â
163. Andhra Bank has announced
to deploy over 1600 BCs to boost financial and non-financial transactions. Here the term BC stands for
(A) Branch Correspondents
(B) Bank Centres
(C) Business Correspondents
(D) Business Centres
Â
(A) Greater Consumer Protection for newly included customers.
(B) An easily accessed and speedy grievance redressal process.
(C) Expanded efforts on financial literacy.
(D) All of the above
Â
(A) Gold & SDR
(B) Reserve Tranche Position (RTP) in the IMF
(C) Foreign Currency Asset (FCA)
(D) All of the above
The statement is
(A) True
(B) False
(C) Partly True
(D) Does not apply
Â
(A) Imports of goods by India
(B) Income of Indian investments abroad
(C) Receipts of transfer payments
(D) Exports of services by India
Â
(A) First Exchange Management Act
(B) Foreign Exchange Management Act
(C) Foreign Exchequer Management Act
(D) Foreign Evaluation Management Act
Â
(A) Osborne Smith
(B) CD Deshmukh
(C) Raghu Ram Rajan
(D) Urjit Patel
Â
(A) January 1, 1982
(B) April 15,1980
(C) September, 1993
(D) October, 1975
Â
(A) Quantitative credit control
(B) Qualitative credit control
(C) Both (A) and (B)
(D) None of the above
Â
(A) increases the repo rate
(B) reduces the repo rate
(C) increases in the reverse repo rate
(D) decreases reverse repo rate
Â
(A) 91 day, 182 day and 364 day
(B) 92 day, 183 day and 365 day
(C) 93 day, 184 day and 366 day
(D) None of the above
Â
189. An instant real-time inter-bank electronic funds transfer system, which offers an inter-bank electronic fund transfer
service through mobile phones known as
(System is UPI, Technology is IMPS)
(A) RTGS
(B) NEFT
(C) IMPS
(D) UPI
Â
190. An
investment plan in which the Company pays return to investors from the new capital coming in from new investors instead of the profits of the business known as
(A) Underwriting
(B) Ponzi scheme
(C) Mutual fund
(D) Para Banking
(A) 7 digit code
(B) 8 digit code
(C) 9 digit code
(D) 10 digit code
Â
(A) January 30, 1992
(B) April 12, 1988
(C) April 10, 1992
(D) April 19, 2000
Â
193. The
illegal practice of trading on the stock exchange to one’s own advantage through having access to confidential information is known as
(A) Bull market
(B) Bear market
(C) Insider trading
(D) Initial Public Offering (IPO)
Â
194. Withdrawal of currency from circulation to ambush black market specially Rs.500 and Rs.1000 banknotes were demonetized, although Rs.500 note was remonetized on—
(A) January, 1946
(B) January, 1978
(C) November, 2016
(D) None of the above
Â
(A) Cheap money policy
(B) Dear money policy
(C) Hot money
(D) Flat money
Â
(A) Certificates of Deposit (CDs)
(B) Participatory notes (P-notes)
(C) Currency Derivatives
(D) Foreign exchange reserves
Â
Â
WBCS Main Question Paper – 2018
a) Money Market Instrument
b) Monetary Policy Instrument
c) Investment fund
d) Capital Market Instrument
Â
a) Abid Hussain Committee
b) RH Khan Committee
c) S. Padmanabhan Committee
d) Y. H. Malegam Committee
Â
a) Banking
b) Industries
c) Rural
d) Service
Â
a) IDBI
b) RBI
c) ICICI
d) IFCI
Â
25. What is FEMA?
a) First Exchange Management Act
b) Foreign Exchequer Management Act
c) Foreign Exchange Management Act
d) Foreign Evaluation Management Act
Â
a) 12
b) 13
c) 14
d) 15
Â
a) Small Industrial Development Banker Institute
b) Small Industries Design Bank of India
c) Small Industries Development Bank of India
d) Small Innovation Development Banker’s Institute
Â
a) RBI Governor
b) President of India
c) Finance Minister
d) Finance Secretary
Â
43. The basic regulatory authority for mutual funds and stock exchange lies with
a) Government of India
b) Reserve Bank of India
c) Securities and Exchange Board of India
d) Stock Exchange
Â
a) to help RBI in regulation of foreign exchange.
b) to prevent unlicensed transaction
c) to promote exports and curtail imports
d) to conserve foreign exchange
(i) time deposits
(ii) security holdings
(iii) demand deposits
(iv) advances from central bank
a) (i), (ii), (iii)
b) (i), (iii), (iv)
c) (ii) and (iii)
d) (iii) and (i)
Â
i) The basis aim of setting up RRB is to develop rural economy
ii) The area of RRBs is limited to a specific region comprising one or more districts.
iii) RRBs are sponsored by Commercial Banks.
  Select the answer.
a) (i) only
b) (i) and (ii) only
c) (ii) and (iii) only
d) (i), (ii), (iii)
Â
a) a bank lends to public
b) RBI lends to public
c) Government of India lends to other countries
d) RBI lends to commercial banks
Â
a) not regulated
b) regulated by RBI
c) regulated by Central Government
d) regulated by State Governments
Â
a) RBI
b) IRDA
c) SEBI
d) PDRA
Â
a) State Bank of India
b) Ministry of Finance
c) Government of India
d) International Monetary Fund
Â
a) Public
b) Commercial Banks
c) RBI
d) Government
Â
a) Ministry of Finance
b) Reserve Bank of India
c) Prime Minister’s Office
d) Commerce and Industry Ministry
Â
a) Bombay Stock Exchange
b) Ahmedabad Stock Exchange
c) Bangalore Stock Exchange
d) Hyderabad Stock Exchange
Â
a) 1%
b 10%
c) 100%
d) 0.10%
i) It is not to compete with the commercial banks.
ii) It is not allowed to pay interest on its deposits.
iii) It cannot engage directly or indirectly in trade.
iv) It cannot acquire or advice loans against immovable property.
v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
a) Only (i), (ii), (iii) and (iv)
b) Only (v)
c) All of the above
d) None of the above
Â
a) Demand draft
b) Debit card
c) Pay order
d) Fixed deposit
Â
a) Bank of the banks
b) Credit controller
c) Custodian of foreign currency
d) Allocating funds directly to the farmers for agricultural development
Â
a) Cash Reserve Ratio
b) Repo Rate
c) Bank Rate
d) Blue Chip
Â
a) To assume responsibility of meeting directly or indirectly all reasonable demands for accommodation
b) To hold cash reserves of commercial banks
c) To assume responsibility of all banking operations of the government
d) To assume responsibility of statistical analysis of data related to macro-economy of India
Â
a) increase it
b) decrease it
c) no impact
d) cannot be determined
Â
a) Share market – stock exchange
b) Interest rate – fiscal policy
c) Export subsidy – fiscal policy
d) General price index – inflation
Â
182. How many Regional Rural Banks are working in India as of January, 2018?
a) 59
b) 60
c) 61
d) 56
Â
a) all currency notes
b) all currency notes except one rupee notes
c) all currency notes except 100 rupee notes
d) only notes of Rs.10 and above
a) Reverse Repo operation by RBI aims at injecting/increasing liquidity
b) SDR refers to special drawing rights
c) Rupee appreciation results in decrease in imports.
d) Increase in inflation rate leads to decline in real interest rate
Â
a) Housing Loans
b) Government Approved Securities
c) Venture Capital Investment
d) Loans against Jewellery
Â
190. If the Reserve Bank of India wants to block/hinder the capital outflows and contain the currency depreciation, which among the following will be the most possible action?
a) Increase Interest Rates
b) Decrease Interest Rates
c) Purchase Government Bonds
d) Decrease Statutory Liquidity Ratio
Â
a) Rural Cooperative Banks
b) District Cooperative Banks
c) Urban Cooperative Banks
d) None of the above
Â
a) Ministry of Finance
b) EXIM bank
c) Reserve Bank of India
d) Selected Public Sector Banks
Â
197. If the Reserve Bank of India
wants to increase the cash reserves of commercial banks, which among the following would be the most probable step taken by it?
a) Release Gold from its reserves
b) Buy bonds in the open market
c) Prohibit the transactions that involve bill of exchange
d) Increase the tranche reserves with the IMF
Â
198. The minimum interest rate of a bank below which it is not viable to lend, is known as
a) Reserve Rate
b) Base Rate
c) Marginal Rate
d) Prime Lending Rate
Â
a) M1
b) M2
c) M3
d) M4
Â
a) Fourth Five Year Plan
b) Fifth Five Year Plan
c) Sixth Five Year Plan
d) Eighth Five Year Plan
Â
Â
WBCS Main Question Paper – 2017
(A) Foreign-currency assets, Special Drawing Rights and loans from foreign countries
(B) Foreign-currency assets, gold holdings of the RBI and SDRs
(C) Foreign-currency assets, loans from the World Bank and SDRs
(D) Foreign-currency assets, govt. holdings of the RBI and loans from the World Bank
Â
(enacted – Sept 1973)
(A) 1973
(B) 1975Â Â Â Â Â Â
(C) 1980Â Â Â Â Â
(D) 1981
Â
108. When did India become a member of the IMF ? (A) 1947Â Â Â Â Â Â Â
(B) 1945Â Â Â Â (27th Dec)
(C) 1960Â Â Â Â Â Â
(D) 1951
Â
(A) RBIÂ Â Â Â Â Â
(B) State Governments     Â
(C) Commercial Banks    Â
(D) Co-operative Societies
Â
(A) foreign exchange    Â
(B) gold    Â
(C) government securities
(D) All of the above
Â
(A) When the Indian economy have high rate of inflation
(B) When the Indian economy have low rate of inflation
(C) The demand of goods and services is very low
(D) None of the above
Â
(A) Capital account    Â
(B) Current account
(C) Both (A) and (B)Â
(D) Partial in both (A) and (B)
Â
157. The Narsimham Committee on the Financial System of India made its recommendations in two phases (A) 1991 and 1999Â Â Â Â Â Â Â
(B) 1991 and 1998
(C) 1990 and 1999Â Â Â Â Â Â
(D) 1990 and 1998
Â
158. The rate at which RBI lends to the banking system is
(A) Bank Rate
(B) Statutory Liquidity Rate    Â
(C) Cash Reserve Ratio   Â
(D) None of the above
Â
(A) 1980Â Â Â Â Â Â Â
(B) 1986Â Â Â Â Â Â Â Â
(C) 1982Â Â Â (12 July)Â Â
(D) 1985
(A) Co-operative credit    Â
(B) Commercial bank credit   Â
(C) Government loans    Â
(D) All of the above
Â
173. Which bank provides Financial assistance for Export and Import ?
(A) RBIÂ Â Â Â Â
(B) NABARDÂ Â Â Â Â Â Â
(C) EXlM Bank
(D) SIDBI
Â
175. In India which of the following measures of money denotes the Broad Money ?
(A) M1Â Â Â Â Â
(B) M2Â Â Â Â Â Â
(C) M3
(D) M4
Â
(A) Reserve Bank of India
(B) Ministry of FinanceÂ
(C) Ministry of Corporate Affairs   Â
(D) Ministry of Affairs
Â
(A) Foreign currency assets
(B) Gold    Â
(C) Reserve tranche with IMFÂ Â Â Â
(D) Special drawing rights (SDR)
Â
192. How much interest is paid by the RBI on the money deposited under the CRR measure ? (A) Equal to the rate of CRR
(B) More than the CRRÂ
(C) Less than the CRR
(D) No interest is paid by the RBI
Â
(A) two-tier structure      Â
(B) three-tier structure
(C) four-tier structure    Â
(D) five-tier structure
Â
(dissolved in 2016)
(A) 1984Â Â Â Â Â Â
(B) 1986
(C) 1987
(D) 1989
Â
199. Since 1983, RBl’s responsibility with respect to regional rural banks was transferred to
(A) ARDCÂ Â Â Â Â Â Â
(B) SBIÂ Â Â Â Â Â Â Â
(C) NABARD
(D) PACs
Â
Â
WBCS Main Question Paper – 2016
(A) Repo Rate    Â
(B) Bank Rate       Â
(C) Reverse Repo Rate    Â
(D) None of the above
Â
73. Credit Planning in the banking sector of the country has been introduced by-
(A) Reserve Bank of India  Â
(B) State Bank of India     Â
(C) Commercial Banks   Â
(D) All of the above
Â
79. What are the institutional sources of agricultural credit in our country ?
(A) Commercial Banks    Â
(B) Regional Rural Banks      Â
(C) NABARDÂ Â Â Â
(D) All the above stated sources
Â
85. Open market operation refers to-
(A) borrowing by scheduled banks from the RBI.
(B) borrowing by scheduled banks to industry and trade.
(C) purchase and sale of government securities.
(D) deposit mobilisation.
Â
(A) Monitoring flow of ground level credit in agriculture
(B) Credit planning and monitoring
(C) Formulation of operational guidelines for rural financial institutions
(D) All of the above
Â
64. The percentage of demand and time liabilities that banks have to keep with RBI is-
(A) SLR (Statutory Liquidity Ratio)
(B) CRR (Cash Reserve Ratio)
(C) OMO (Open Market Operations)
(D) Bank Rate
Â
109. The monetary policy of the Reserve Bank of India tackled the economic depression in recent years by
(A) lowering the Repo rate and Reverse repo rate.
(B) lowering the rate of marginal Standing Facilities.
(C) lowering the Statutory Liquidity Ratio and the Cash Reserve Ratio.
(D) All of the above.
Â
(A) 1991Â Â Â Â Â Â Â Â
(B) 1992Â Â Â Â Â Â Â Â
(C) 1993Â Â Â Â Â Â Â Â Â
(D) 1994
Â
(A) Gilt-edged market    Â
(B) Industrial Securities market      Â
(C) Call money market    Â
(D) None of the above
Â
131. Sensitive Index or Sensex represents the prices of shares of the main ______ shares in the stock exchange. (1st Jan 1986)
(A) 40 shares      Â
(B) 30 shares        Â
(C) 50 shares     Â
(D) 60 shares
132. Which of the following is not advantage of full capital account convertibility ?
(A) Encourages import   Â
(B) Boosts exports      Â
(C) Easy access to forex
(D) Promotes trade and capital flows between nations
Â
133. The RBI can increase the money supply in the market by-
(A) selling government securities.
(B) buying government securities.
(C) borrowing money from Commercial Banks.
(D) None of the above.
Â
144. Operating parameters of commercial banks as percentage assets are the highest case of-
(A) Foreign banks     Â
(B) Private banks     Â
(C) All scheduled commercial banks    Â
(D) None of the above
(A) Increase in Non-performing assets
(B) Decline of Capital Adequacy Ratio
(C) Low Capital Asset Ratio
(D) All of the above
Â
156. Regional Rural Banks work at –
(A) Hobli level   Â
(B) Taluk level      Â
(C) District level     Â
(D) All levels
Â
162. When was the EXIM Bank of Export-Import Bank set up in India ?
(A) 1980Â Â Â Â Â Â Â Â
(B) 1982(1st Jan)
(C) 1985Â Â Â Â Â Â Â
(D) 1987
Â
168. The banks are required to
maintain certain ratio between their cash in hand and total assets. This is called —
(A) Statutory Liquid Ratio    Â
(B) Cash Reserve Ratio      Â
(C) Liquid Ratio     Â
(D) Statutory Ratio
Â
170. The dual roles of the Reserve Bank is the Regulatory and Promotional roles have made the monetary policy a ‘policy of controlled expansion’ –Â How ? (A) By maintaining a safe limit to credit expansion required for development of the country.
(B) By lowering the Cash Reserve Ratio and Repo Rate within limits.
(C) By helping the growth process through raising the availability of finance for development of agriculture, industry, export trade and service sector
(D) All the above
Â
175. The process by which RBI or any Central Bank
protects the economy against adverse economic shocks is known as –
(A) protection     Â
(B) liberalisation       Â
(C) stabilisation     Â
(D) sterilization
181. Which of the following is not included under the money market ?
(A) RBIÂ Â Â Â Â Â Â Â
(B) Commercial Banks        Â
(C) SEBIÂ Â Â Â Â Â
(D) None of the above
(A) Imports of goods by India
(B) Income of Indian investments abroad
(C) Receipts of transfer payments
(D) Exports of services by India
Â
(A) Vijaya BankÂ
(B) Canara Bank     Â
(C) Bank of India     Â
(D) Central Bank of India
Â
189. What is the Cash Reserve Ratio (CRR) ?
(A) The fraction of the deposits that Commercial Banks lend to the customer
(B) The fraction of the deposits that RBI must keep with Commercial Banks
(C) The fraction of the deposits that Commercial Bank must keep with RBI
(D) None of the above
Â
192. Who issues metallic coins in India ?
(A) RBI
(B) Government of India
(C)Banks and Financial Institutions
(D) Any of the above can issue it
Â
(A) Commercial Banks in district wise arrangement
(B) Regional Rural Banks
(C) State Co-operative Banks
(D) Reserve Bank of India
Â
198. What is FEMA ?
(A) First Exchange Management Act
(B) Foreign Exchequer Management Act
(C) Foreign Exchange Management Act
(D) Foreign Evaluation Management Act
Â
(A) January 1, 1949
(B) April 1, 1948Â Â Â Â Â Â Â
(C) January 1, 1948Â Â Â Â Â Â
(D) April 1, 1949
Â
140. In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines-
(A) to govern entry of new private sector banks to make the banking sector more competitive
(B) to reduce the freedom given to the banks to rationalise their existing branch network
(C) to set up more foreign exchange banks
(D) to lend more easily for industrial development
Â
(A) two-tier structure      Â
(B) three-tier structure   Â
(C) four-tier structure    Â
(D) five-tier structure
Â
Â
WBCS Main Question Paper – 2015
(A) Retail lending
(B) Corporate lending     Â
(C) Long-term risk free lending    Â
(D) Short-term lending
Â
(A) These are owned and operated by a third party non-banking firm
(B) They serve customers of all banks
(C) These entities have a mandate to deploy 80% of ATMs in rural locations
(D) The main objective is financial inclusion
Â
106. Which of the following is not correct ?
(A) Credit rating is done to assess the credit worthiness of the prospective borrower
(B) It is done in case of individuals and even countries
(C) Equity share is rated in the rating
(D) Ratings are an investor service
Â
107. RBI is required to maintain a minimum reserve equivalent of Rs. _____ core in gold and foreign currency with itself
(A) 1000 crore      Â
(B) 200 crore
(C) 500 crore     Â
(D) 2000 crore
Â
108. Which of the following is not correct ?
(A) Repo rate is an abbreviated form of “the rate of repurchase”
(B) Repo rate is also known as “rate of discount”
(C) The Repo rate was introduced in December, 1992
(D) Only A & C are not correct
Â
109. The Reverse Repo Rate is currently fixed at
(A) 5.25%Â Â Â Â Â Â Â Â
(B) 5.75%Â Â Â Â Â Â Â
(C) 4.25%Â Â Â Â Â Â Â Â
(D) None of the above
Â
110. Which of the following is not true :
(A) Marginal standing facility (MSF) came into effect from May, 2011
(B) Under the scheme banks can borrow overnight upto 1% of their net demand and time liabilities.
(C) The minimum amount which can be accessed through MSF is Rs. 1 crore
(D) Banks can borrow through MSF on all working days
Â
119. Financial sector reform implied
(A) More loan to priority sector        Â
(B) More fiscal monetary link
(C) Decrease in SLRÂ Â Â Â Â Â Â Â Â
(D) None of the above
Â
127. Indian Foreign Exchange Reserves comprise of
(A) Gold & SDRÂ Â Â Â Â Â Â Â Â
(B) Reserve Tranche Position (RTP) in the IMF
(C) Foreign Currency Assets (FCAs)Â Â Â Â Â Â Â Â
(D) All of the above
Â
131. The current rate of CRR (Cash Reserve Ratio) is _____ %
(A) 3.5Â Â Â Â Â Â Â
(B) 4
(C) 4.5Â Â Â Â Â Â
(D) 5
132. Which of the following is not true
(A) Bank rate is the interest rate which RBI charges on its long term lending
(B) The rate was realigned with the MSF (Marginal Standing Facility) by the RBI in February 2012
(C) The Banks, financial institutions etc. borrow through this route excepting Government of India
(D) The rate has direct impact on long term lending activities
Â
133. Which of the following is not a function of the Reserve Bank of India—
(A) Bank of Issue       Â
(B) Banker’s Bank and lender of the last resort
(C) Agent of Government of India in World Bank
(D) Announces the credit and monetary policy for the economy
Â
134. Financial inclusion as per RBI means
(A) Greater consumer protection for newly included customers
(B) An easily accessed and speedy grievance redressal process
(C) Expanded efforts on financial literacy.
(D) All of the above
Â
142. Inflation can be controlled by this method
(A) Reducing SLRÂ Â Â Â Â Â
(B) Reducing CRRÂ Â Â Â Â Â Â
(C) Increasing bank rate
(D) None of the above
Â
143. New money supply is created when
(A) Loan from RBI increases
(B) Loan from commercial banks increases
(C) Loan from public increases     Â
(D) None of the above
Â
153. Code the incorrect one.
        Sources of long term finance of private industrial sector are
(A) Shares      Â
(B) Debentures      Â
(C) Loan from development banks      Â
(D) Loan from RRBs
Â
161. Commercial banks are –
(A) The only source of long term finance for industries
(B) One of the sources of long term finance
(C) Usually do not get involved in term lending
(D) None of the above
Â
162. CRR instrument applies on –
(A) Scheduled commercial banks
(B) (A) and the investment companies
(C) CRR applies on non-banking financial institutions     Â
(D) None of the above
Â
163. CRR as an instrument of credit control is usually
(A) Highly effective     Â
(B) Not at all effective       Â
(C) Partly effective
(D) Uncertain
Â
164. Treasury bills are instruments of getting credit for such period
(A) Long term     Â
(B) Very long term      Â
(C) Medium term       Â
(D) Short term
165. Cash reserve ratio (CRR) and statutory liquidity ratio (SLR) were most used in pre-reform period
        The statement is :
(A) True
(B) False     Â
(C) Partly true    Â
(D) None of the above
Â
166. Open Market Operations (OMO) is
(A) A direct way to control credit
(B) An indirect way to control credit
(C) A technique to assist foreign exchange dealers in doing their business
(D) Both (A) and (C)
Â
167. By repo rate, Reserve Bank of India (RBI)
(A) Injects liquidity into system       Â
(B) Absorb liquidity from the system
(C) Helps industries in getting fund       Â
(D) Both (A) and (C)
Â
168. Monetisation of loans through issue of Treasury Bills brings
(A) Increase in money supply
(B) Decrease in money supply
(C) Increase in foreign exchange reserve      Â
(D) Both (A) and (C)
Â
(A) Long term loan taken-by commercial banks        Â
(B) Trade credit
(C) Government loan from capital market      Â
(D) Both (A) and (C)
Â
170. The period prior to economic reform in India observed
(A) Free rate of Interest regime      Â
(B) Administered rate of interest regime
(C) High profitability of commercial banks      Â
(D) Both (A) and (C)
Â
179. Indian employment is generated mostly in this sector
(A) Registered Sector      Â
(B) Government Sector
(C) Un-registered and Un-organised sector
(D) Both (A) and (B)
Â
(A) 1948Â Â Â Â Â Â Â
(B) 1949Â Â Â Â Â Â Â Â
(C) 1952
(D) 1954
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181. Which of the following statements is correct ?
(A) RBI has direct control on non-banking financial intermediaries
(B) RBI does not control Export-Import Bank
(C) RBI does not have any role in controlling foreign exchange crisis
(D) RBI can control foreign exchange reserve
Â
182. Bank nationalization did not have this impact
(A) Total deposits of Banks increased much     Â
(B) Priority sector got more loan than before
(C) Branch expansion took place        Â
(D) Security and safety of depositors declined
183. Long Term capital for industrial sector mainly comes from
(A) RBIÂ Â Â Â Â Â
(B) NABARDÂ Â Â Â Â Â Â
(C) Lead bank       Â
(D) Capital Market
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184. Role of RBI in the plan period followed this line
(A) Expansion of developmental loan     Â
(B) Control of Inflation
(C) Control of Credit      Â
(D) All of the above
Â
185. Indian currency is
(A) Totally convertible in capital account       Â
(B) Partly convertible in capital account
(C) Not convertible in capital account
(D) None of the above
Â
186. NABARD provides help by
(A) Giving agricultural refinance facilities
(B) Discounting Bills
(C) Giving term loan to banks       Â
(D) Giving direct loan to industries
Â
187. Rural credit in India comes mainly from
(A) Regional Rural banks     Â
(B) Commercial banks     Â
(C) Co-operative banks    Â
(D) Money lenders
Â
188. Bank nationalisation observed, disbursement of large part of priority sector loan to
(A) Small farmers     Â
(B) Big farmers
(C) Small scale industries
(D) Household and cottage industries
Â
189. RBI uses reverse repos to absorb liquidity
        The Statement is –
(A) True
(B) False      Â
(C) Partly True     Â
(D) Does not apply
Â
195. Responsibility of agricultural credit and refinance lies on the following institution
(A) RBIÂ Â Â Â Â Â Â
(B) NABARD
(C) State Bank of India     Â
(D) None of the above
Â
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WBCS Main Question Paper – 2014
51. Repo Rate is the Rate at which
(A) RBI borrows from Commercial banks
(B) RBI lends to commercial banks
(C) RBI borrows from public
(D) None of the above
Â
54. M3 money is –
(A) M2 + Net time deposits with banks
(B) M1 + M2
(C) M4 – M1
(D) M1 + savings deposits with post office
Â
56. Functions of Money –
(A) Money as a medium of exchange
(B) Money as a unit of account
(C) Money as a standard of deferred payment
(D) All the above three
Â
57. Cash Reserve Ratio (CRR) is –
(A) The share of deposits commercial banks must keep with RBI
(B) The share of deposits RBI must keep with Central Govt.
(C) The share of deposits banks give as loan to the industry
(D) None of the above
Â
61. From Non-performing Asset (NPA) Banks
(A) Cannot earn any interest
(B) Can earn maximum profits
(C) Make assets of its ownÂ
(D) All of the above
Â
63. RBI was nationalised on – (A) 21st January, 1950    Â
(B) 1st January, 1949
(C) 3rd July, 1966 Â Â Â
(D) None of the above
Â
64. Head-quarter of SIDBI (Small Industries Development Bank) is located in –
(A) New Delhi     Â
(B) Mumbai        Â
(C) Lucknow
(D)Â Kolkata
Â
66. SBI Life Insurance Company is associated with –
(SBI, BNP Paribas – Joint Venture)
(A) SBI and LIC of India
(B) SBI and Bank of Bangladesh
(C) SBI and Cardiff’S. A. of France
(D) None of the above
Â
67. Export-Import Bank of India (EXIM) was established in –
(A) 1991Â Â Â Â Â Â
(B) 1999Â Â Â Â Â Â Â Â
(C) 1982Â Â Â Â (1st Jan)
(D) 2004
Â
68. Note of Rs.1000 was introduced by RBI in the year
(Nov 2000 – Nov 2016)
(A) 1991, July     Â
(B) 2000, October
(C) 1999, December      Â
(D) 2005, November
69. Infrastructure Development Finance Company (IDFC) was established in India in the year –
(A) 1997(Chennai)
(B) 1999Â Â Â Â Â Â
(C) 1998Â Â Â Â Â Â Â
(D) 2001
Â
70. Narasimham Committee (Second) is associated with
(A) Sugar Industry Reforms   Â
(B) Fertiliser Industry Reforms
(C) Banking Sector Reforms
(D) None of the above
Â
75. ‘Credit Card’ is an example of –
(A) Para-Banking Activities
(B) Non-Banking Activities
(C) Operation Research Activities
(D) None of the above
Â
76. The First Development Financial Institution in India –
(Industrial Finance Corporation of India – 1951)
(A) IFCI
(B) IDBIÂ Â Â Â Â Â Â
(C) SIDBIÂ Â Â Â Â
(D) ICICI
Â
80. NABARD was established in-
(12 July 1982)
(A) 4th Five Year Plan period (FYP)Â Â Â Â Â Â Â
(B) 5th FYP Â Â Â Â Â
(C) 6th FYP
(D) 8th FYP
Â
85. Punjab National Bank was nationalised in
(A) 1969(July)Â Â Â Â
(B) 1974Â Â Â Â Â Â
(C) 1981 Â Â Â
(D) 1990
Â
86. Which of the following is not a financial regulator
(Association of Mutual Funds in India – 1995)
(A) IRDAÂ Â Â Â Â Â
(B) AMFI
(C) PFRDAÂ Â Â
(D) SEBI
Â
92. Dalal Street is situated at
(A) Amritsar      Â
(B) New Delhi       Â
(C) Mumbai
(D) Chandigarh
Â
93. The number of approved share markets in India
(A) 19Â Â Â
(B) 20Â Â Â Â Â Â Â
(C) 23
(D) 24
Â
94. Index “Residex” is associated with —
(A) Share prices   Â
(B) Mutual Fund Prices     Â
(C) Inflation index       Â
(D) Land prices
Â
97. The Indian rupee is fully convertible in respect of
(i) Current account of balance of payments
(ii) Capital account of balance of payments
(iii) Gold
(iv) None of the above Options
(A) (i) only        Â
(B) Both (i) and (iii)Â
(C) (iii) only       Â
(D) (i), (ii) and (iii)