Thursday, 4 May 2017

Banking Questions Test (MCQ)- 63

Q1. Which of the following statements is true about RBI?
a.    RBI is a statutory, autonomous, independent body incorporated as per the Sec 3 of the RBI Act 1934.
b.    RBI commenced its operation on 01.04.1935.

c.     It was nationalized on 01.01.1949. It has a capital of Rs.5 Cr
d.    RBI has its central office in Mumbai and has 28 regional offices
e.    All of the above

Q2. Which of the following statements is true about RBI?
a.    RBI is managed by a Central Board of Directors consisting of not more than 20 directors. Out of this five directors, the Governor and the four Deputy Governors of RBI function as whole time directors.
b.    Besides Central Board, RBI has four local boards in four areas/ zones namely Western area, Eastern area, Southern Area, and Northern area. Each local board comprises of five directors nominated by GOI and acts s per the advice of the Central Board.
c.     RBI prepares its financial statement on the last date of June of every Year.
d.     The CBS of RBI is called E-Kuber
e.    All of the above

Q3. Which of the following statements is true about RBI Governor?
a.    The Governor of RBI, who is the chief executive of the bank, is appointed by GoI.
b.    The present Governor of RBI, who happens to be 23rd Governor is Dr Raghuram Govind Rajan
c.     He has been appointed as Governor for a term of 3 years with effect from 05.09.2013.
d.    Prior to his present assignment he was posted as the chief economist of IMF.
e.    All of the above

Q4. Which of the following Acts empower the RBI?
a.    The RBI Act-1934
b.    The Banking regulation Act-1949
c.     The Payment and settlement System Act-2006
d.    The Foreign Exchange Management Act-1999
e.    All of the above

Q5. Which of the following statements is true about Board of Financial Supervision (BFS)?
a.    The GoI formed the BFS, with the Governor of RBI as its chairman and some directors of central board of RBI as its members in the year 1994.
b.    It supervises the banking system and NBFCs
c.     It supervises DFIs like NABARD, SIDBI etc
d.    The board supervises the financial system by conducting onsite inspection and offsite monitoring and surveillance system (OSMOS).
e.    All of the above

Q6. Credit Rating Agencies are regulated by…
a.    The RBI
b.    Finance Ministry
c.     SEBI
d.    IRDA
e.    None of the above

Q7. Find out the wrong regulator –financial sector segment pair
a.    SEBI-Capital Market
b.    IRDAI-Insurance Market
c.      PFRDA-Pension & Provident Fund Market
d.    RBI-Deposit, Credit, Money & Foreign Exchange Market
e.    None of the above

Q8. Banks are required to maintain SLR as per the provisions of
a.    U/S 42 of BR Act
b.    U/S 24 of RBI Act
c.     U/S 21 of BR Act
d.    U/S 24 of BR Act
e.    None of the above

Q9. Section 24 of BR Act provides that the following types of bank should maintain SLR
a.    All scheduled banks
b.    Scheduled & Non scheduled banks       
c.     Only nationalized banks    
d.    All public sector banks
e.    All Public, private and foreign banks operating in India

Q10. As per Section 24 of BR Act, RBI is empowered to vary SLR from … to …% of Net Demand and Time Liabilities.
a.    0-25   
b.    0-30   
c.     25-40 
d.    0-40

e.    3-20%

Answer-
Q No
Ans
1
e
2
e
3
e
4
e
5
e
6
c
7
e
8
d
9
b
10
d

If anyone of you are facing any problem in any question, you could just ask in the comment box. We will try to help you according to your problem. 


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