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Question 1 of 10
1. Question
2 points
Consider the following financial institutions:
Non-Banking Financial Institutions (NBFCs)
National Bank for Agriculture and Rural Development
Cooperative Banks
Export and Import Bank of India
Which of the given financial institutions come under full-fledged regulation and supervision of RBI?
Select the correct answer using the codes given below:
Correct
Ans d
Cooperative Banks however, are under dual regulation of RBI and Government. Banking related functions are regulated by RBI and management related functions are regulated by respective State governments or the Central Government, as the case may be.
Incorrect
Question 2 of 10
2. Question
2 points
With reference to the banking system in India, a Bank Run can be said to have occurred in which of the following circumstances?
Correct
Ans d
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank’s solvency.
Incorrect
Question 3 of 10
3. Question
2 points
In context of the payment’s ecosystem in India, consider the following statements:
Only payment systems authorized by the RBI can be operated in the country
National Payments Corporation of India is a wholly owned subsidiary of RBI
Only Banking entities are allowed as the payment systems operators in India
Select the incorrect statements using the codes given below:
Correct
Ans b
National Payments Corporation of India (NPCI), is a non-bank payment system operator authorized by RBI to operate the following payment systems under the PSS Act 2007.
NPCI is a ‘Not for Profit’ company where 51% stake is owned by public sector banks.
The non-bank entities have also been permitted access to the payment space, given the demand for varied payment services and in keeping with the fast pace of technological change.
It may be noted that licensed banks also need to obtain specific permission from RBI for setting up and operating a payment system.
Incorrect
Question 4 of 10
4. Question
2 points
In the context of banking in India, which of the following agricultural and allied activities can be granted loans under the scheme of Priority Sector Lending?
Setting up Compressed Biogas Plant
Installation of solar plants
Agricultural Machinery
Loans to Farmer Producing Organizations
Food Processing
Select the correct answer using the codes given below:
Correct
Ans d
All the options are correct
Incorrect
Question 5 of 10
5. Question
2 points
In context of the Priority Sector Lending in India, consider the following statements:
Priority sector guidelines give preferential rate of interest for priority sector loans
As per recent RBI’s norms, incremental priority sector credit will be given to the identified districts to address the regional disparities in the flow of credit on a district level
The districts for incremental credit flow will be identified using the aspirational district criteria
Select the incorrect statements using the codes given below:
Correct
Ans b
Priority sector guidelines do not lay down any preferential rate of interest for priority sector loans.
As per RBI, from FY 2021-22 onwards, a higher weight (125%) would be assigned to the incremental priority sector credit in the identified districts where the credit flow is comparatively lower (per capita PSL less than ₹6000), and a lower weight (90%) would be assigned for incremental priority sector credit in the identified districts where the credit flow is comparatively higher (per capita PSL greater than ₹25,000).”
Incorrect
Question 6 of 10
6. Question
2 points
Consider the following reports/surveys:
Consumer Confidence Survey
Inflation Expectation Survey
Trend and Progress of banking in India
Indian Economic Outlook
Financial Stability Report
Which of the above given reports/ surveys are published by RBI as part of its policy research and data dissemination function?
Select the correct answer using the codes given below:
Correct
Ans d
Indian Economic Outlook is given by Deloitte.
Incorrect
Question 7 of 10
7. Question
2 points
In the context of the Indian economy, which of the following factors positively or negatively affect the money multiplier?
Cash reserve ratio
Statutory liquidity ratio
Cost-push Inflation
High Powered Money
Select the correct answer by using the codes given below:
Correct
Ans c
Inflation, whether cost push or demand-pull inflation is partially caused by the amount of monetary supply in the market. A higher money multiplier increases the liquidity in the economy leading to a higher level of disposable income which leads to inflation. Hence, inflation is the effect and not the cause affecting the money multiplier.
Incorrect
Question 8 of 10
8. Question
2 points
Consider the following statements with reference to the MUDRA Bank:
MUDRA bank is a fully owned subsidiary of the Reserve Bank of India
It is formed with an objective of development and financing micro unit enterprises
MUDRA bank cannot refinance enterprises in the informal sector.
Select the incorrect statements using the codes given below:
Correct
Ans d
MUDRA Bank was launched on 8 April 2015. In 2016, it was converted as a wholly owned subsidiary of SIDBI and renamed as MUDRA (SIDBI) Bank.
MUDRA is a refinancing Institution. MUDRA does not lend directly to the micro entrepreneurs / individuals (Refinancing means MUDRA loans will be available through Banks/NBFCs/MFIs and not direct lending).
The purpose of MUDRA is to provide funding to the noncorporate (Informal sector) small business sector.
Incorrect
Question 9 of 10
9. Question
2 points
In context of Indian banking, consider the following:
Marginal Cost of Funds based Lending Rate (MCLR)
Repo rate
Benchmark Prime Lending Rate
Three-Month Treasury Bill Yield
Which of the given rates are external benchmark rates?
Select the correct answer using the codes given below:
Correct
Ans c
Marginal Cost of Funds based Lending Rate (MCLR) and Benchmark Prime Lending Rate are internal benchmark rates.
Incorrect
Question 10 of 10
10. Question
2 points
Consider the following statements with reference to the external benchmarking rate system that has been recently introduced by the RBI:
RBI has made it mandatory for banks to link all new floating rate personal or retail loans and deposit to an external benchmark effective
Under the new policy, the spread (given over the repo rate) of any loan category cannot exceed above 4 percent
Select the correct statements using the codes given below:
Correct
Ans d
Banks are not mandated to link their deposit rates with an external benchmark rate.
The purpose of linking the lending rate with an external benchmark is faster transmission of repo rate into lending rate and this mechanism is more transparent also.
