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Test: Reserve Bank Of India - 3 - UPSC MCQ


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15 Questions MCQ Test Indian Economy for UPSC CSE - Test: Reserve Bank Of India - 3

Test: Reserve Bank Of India - 3 for UPSC 2024 is part of Indian Economy for UPSC CSE preparation. The Test: Reserve Bank Of India - 3 questions and answers have been prepared according to the UPSC exam syllabus.The Test: Reserve Bank Of India - 3 MCQs are made for UPSC 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Reserve Bank Of India - 3 below.
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Test: Reserve Bank Of India - 3 - Question 1

 Which one of the following measures is not adopted by RBI for controlling credit in India?

Detailed Solution for Test: Reserve Bank Of India - 3 - Question 1

Cash deposit ratio refers to that portion of total deposit which a commercial bank has to keep with the central bank in the form of cash deposit

Test: Reserve Bank Of India - 3 - Question 2

Lender of the last resort means :

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Test: Reserve Bank Of India - 3 - Question 3

 Rs. 10 note is issued by:

Detailed Solution for Test: Reserve Bank Of India - 3 - Question 3

The Indian 10-rupee banknote (₹10) is a common denomination of the Indian rupee. The ₹10 note was one of the first notes introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996, which is presently in circulation

Test: Reserve Bank Of India - 3 - Question 4

Which of the following is not qualitative credit control measure of the RBI?

Test: Reserve Bank Of India - 3 - Question 5

Which of the following Bank enforces the provisions of Foreign Exchange Management Act in India?

Test: Reserve Bank Of India - 3 - Question 6

The rate at which the RBI rediscounts the Bills of Commercial banks is known as. 

Detailed Solution for Test: Reserve Bank Of India - 3 - Question 6

Bank Rate refers to the official interest rate at which RBI will provide loans to the banking system which includes commercial / cooperative banks, development banks etc. Such loans are given out either by direct lending or by rediscounting (buying back) the bills of commercial banks and treasury bills. Thus, bank rate is also known as discount rate. Bank rate is used as a signal by the RBI to the commercial banks on RBI’s thinking of what the interest rates should be.
Impact of Bank Rate
When RBI increases the bank rate, the cost of borrowing for banks rises and this credit volume gets reduced leading to decline in supply of money. Thus, increase in Bank rate reflects tightening of RBI monetary policy.

Test: Reserve Bank Of India - 3 - Question 7

The portion of total deposit which a commercial bank has to keep with itself in liquid assets is known as 

Detailed Solution for Test: Reserve Bank Of India - 3 - Question 7

SLR means liquid statutory ratio. Every bank has to keep that amount of money every time. because customers can withdrew money any time. Bank can not give that money on loan or for any other purpose.

Test: Reserve Bank Of India - 3 - Question 8

________ is the rate at which the Central Bank discounts the bill of Commercial Banks.

Test: Reserve Bank Of India - 3 - Question 9

Bank Rate is also known as _______.

Test: Reserve Bank Of India - 3 - Question 10

Which of the following is not a quantitative measure of credit control?

Test: Reserve Bank Of India - 3 - Question 11

CRR according to July 2013, was:

Test: Reserve Bank Of India - 3 - Question 12

What is Bank rate?

Test: Reserve Bank Of India - 3 - Question 13

 The CRR is determined in India by:

Test: Reserve Bank Of India - 3 - Question 14

Which of the following is not a qualitative method of credit control?

Test: Reserve Bank Of India - 3 - Question 15

The Reserve Bank of India issues all currency notes except:

Detailed Solution for Test: Reserve Bank Of India - 3 - Question 15

Under Section 22 of the Reserve Bank of India Act, RBI has sole right to issue currency notes of various denominations except one rupee notes.
The One Rupee note is issued by Ministry of Finance and It bears the signatures of Finance Secretary, while other notes bear the signature of Governor RBI.
However RBI is the only source of legal tender money because distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as agent of the Government.

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