Gd 8 Sep 20
Understanding India's Banking System
Test your knowledge about the structure and fun
Quiz Highlights:
- 6 multiple-choice questions
- Learn about the Reserve Bank of India
- Understand the roles of commercial banks
Which is the central bank of India?
Reserve Bank of India
Royal bank of India
Resident Bank of India
Which of the following statement is correct?RBI
RBI prints currency
Commercial banks prints currency
State govt. Prints currecny
A commercial bank is appointed to act as a country’s central bank.What new function would
it now have?
Controlling monetary policy
Dealing in foreign exchange
Ensuring security for loans
Holding liquid assets
What can be done to encourage the banks to park their funds with the RBI?
Increase reverse repo rate
Decrease repo rate
Decrease reverse repo rate
Increase repo rate
Which statement about a country’s banks is correct?
Commercial banks hold the financial accounts of the government.
Commercial banks settle debts by clearing customers’ cheques.
The central bank sets the government’s tax and spending policies.
The central bank supplies foreign currency to members of the public
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