money supply, banking & financial institutions section 10 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 16

The Scheduled Commercial Banks (SCB) are required to maintain CRR with RBI as per which act:

a) The Banking Regulation Act 1949

b) Securities Contract (Regulation) 1956

c) Reserve Bank of India Act 1934

d) None of the above

Question : 17

Which of the following statements are true regarding the “Long Term Repo Operation” (LTRO) Conducted by RBI as per the 6th February 2020 monetary policy review meeting?

1. It was a fixed-term repo operation
2. It was done at above the repo rate
3. RBI did not conduct an auction to select the bank for this operation

a) (i) & (iii) only

b) (ii) & (iii) only

c) (i) only

d) None of the above

Question : 18 [BPSC (Pre) 2015]

Match List-I with List-II and select the correct answer using the codes given below the lists.

a) 2 3 1 4

b) 4 1 2 3

c) 3 2 1 4

d) 1 2 3 4

Question : 19

Reserve money of the commercial banks includes which of the following:

1. All deposits of Public
2. Government securities held by banks
3. Cash held by banks in their vaults
4. Money deposited with RBI

a) (ii), (iii) & (iv) only

b) (iv) only

c) (ii) & (iii) only

d) All of the above

Question : 20 [UPPCS (Pre) 2013]

FEMA (Foreign Exchange Management Act) was finally implemented in the year

a) 1997

b) 2007

c) 2000

d) 1991