RBI Short Questions(MCQs) & Answers

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

View Answer

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

View Answer

Answer: 1949

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer

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

View Answer