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RBI MCQs | Reserve Bank of India Short Questions & Answers

Questions
41 Which of the following is not the work of RBI?
A Bank of the banks
B Credit controller
C Custodian of foreign currency
D Allocating funds directly to the farmers for agricultural development

Answer: Allocating funds directly to the farmers for agricultural development
42 When was R.B.I. nationalised?
A 1935
B 1949
C 1929
D 1914

Answer: 1949
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43 How long does the accounting year of the Reserve Bank of India come from?
A 1st July to 1st June
B 1st April to 30th March
C 1st July to 30th June
D January 1 to December 31

Answer: 1st July to 30th June
44 Which of the following words is not used in Monetary Policy?
A Cash reserve ratio
B Repo Rate
C Bank rate
D Blue chip

Answer: Blue chip
45 Which of the following public sector banks has the largest number of branches in foreign countries?
A Bank of India
B Bank of Baroda
C Punjab National Bank
D Corporation Bank

Answer: Bank of Baroda
46 After State Bank of India, which of the following banks has the largest number of offices?
A Punjab National Bank
B Bank of India
C Andhra Bank
D Canara Bank

Answer: Punjab National Bank
47 Which of the following terms is used in banking field?
A Interest rate swap
B Input devices
C Sedimentary
D Zero Hour

Answer: Interest rate swap
48 Regional Rural Banks are sponsored by
A Nationalised Commercial Bank
B Reserve Bank of India
C State Bank of India
D Government of India

Answer: Nationalised Commercial Bank
49 What does M in M-Banking Facility being offered by banks to their customers, stand for?
A Money
B Marginal
C Message
D Mobile Phone

Answer: Mobile Phone
50 With which of following types of loans are teaser rates related?
A Home loans
B Personal loans
C Auto loans
D Reverse mortgage loans

Answer: Home loans
51 Expand the term EMI as used in banking/finance sector?
A Easy Monthly Instalment
B Equal Monthly Investment
C Equated Monthly Instalment
D Equated Mortgage Investment

Answer: Equated Monthly Instalment
52 Bank rate is decided by which of the following?
A Reserve Bank of India
B Government Of India
C State Bank of India
D Securities and Exchange Board of India

Answer: Reserve Bank of India
53 What are teaser loan rates charged by banks?
A Rate of interest which is competitively changed in relation to other banks
B Floating rate of interest charged by banks
C Low rate of interest in the initial period which goes up subsequently
D Higher rate of interest in the initial period which goes down subsequently

Answer: Low rate of interest in the initial period which goes up subsequently
54 Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?

1. Bank rate

2. Repo rate

3. Savings bank rate

A Only 1
B Only 2
C Both 1 and 2
D All the three

Answer: All the three
55 The only merger of two public sector banks took place between -
A Bank of India and New Bank of India
B Punjab National Bank and New Bank of India
C Allahabad Bank and United Bank of India
D Punjab National Bank and Bank of Rajasthan

Answer: Punjab National Bank and New Bank of India
56 Which of the following banks was inaugurated by Mahatma Gandhi in 1919?
A Bank of Maharashtra
B Bank of Baroda
C State Bank of Saurashtra
D Union Bank of India

Answer: Union Bank of India
57 Which of the following is/are true about the Sub-Prime Crisis? 1) It is a mortgage crisis referring to credit default by the borrowers. 2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers. 3) This crisis originated because of negligence in credit rating of the borrowers.
A Only 1
B Only 2
C Only 3
D All 1, 2, and 3

Answer: All 1, 2, and 3

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