KPSC KAS · General Studies (Paper 1) · Indian Economy and Reforms
RBI, commercial banks, SEBI, financial inclusion.
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Q1 · Banking and Financial System · HARD
Consider the following statements about the Reserve Bank of India's Monetary Policy: 1. The Monetary Policy Committee (MPC) consists of six members, with three nominated by the Central Government. 2. The repo rate is the rate at which commercial banks borrow from the RBI against government securities. 3. The reverse repo rate is always higher than the repo rate. Which of the statements given above is/are correct?
Q2 · Banking and Financial System · MEDIUM
Consider the following statements about the Reserve Bank of India (RBI): 1. It was established under the Reserve Bank of India Act, 1934. 2. It was nationalized in the year 1949. 3. Its headquarters was shifted from Calcutta to Mumbai in 1937. Which of the above statements is/are correct?
Q3 · Banking and Financial System · HARD
Consider the following about the Reserve Bank of India: 1. It is the sole authority to issue currency notes. 2. It acts as banker to the Government. 3. It directly lends to state governments without any limit. 4. It formulates and implements monetary policy. Which of the above statements is/are correct?
Q4 · Banking and Financial System · MEDIUM
Consider the following statements about the Monetary Policy Committee (MPC) in India: 1. The MPC consists of six members, with three nominated by the Government of India. 2. The RBI Governor acts as the ex-officio chairperson of the MPC. 3. The MPC was constituted under the Banking Regulation Act, 1949. Which of the statements given above is/are correct?
Q5 · Banking and Financial System · MEDIUM
Which of the following is NOT a function of the Reserve Bank of India?