Punjab PCS · General Studies (Paper I) · Indian Economy
RBI, commercial banks, monetary policy and financial inclusion.
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Q1 · Banking and Monetary System · MEDIUM
Consider the following statements regarding the Reserve Bank of India: 1. RBI was established in 1935 based on the recommendations of the Hilton Young Commission. 2. RBI was nationalized in 1949. 3. RBI acts as the banker to the Central Government only, not State Governments. Which of the statements given above is/are correct?
Q2 · Banking and Monetary System · MEDIUM
In the context of banking terminology, a 'Nostro Account' is:
Q3 · Banking and Monetary System · MEDIUM
Which of the following is NOT a quantitative tool of monetary policy used by the Reserve Bank of India?
Q4 · Banking and Monetary System · MEDIUM
Consider the following statements regarding the Reserve Bank of India's monetary policy tools: 1. Repo rate is the rate at which RBI lends short-term money to commercial banks. 2. Cash Reserve Ratio refers to the percentage of deposits banks must keep with RBI. 3. Open Market Operations involve buying and selling of government securities. Which of the statements given above is/are correct?
Q5 · Banking and Monetary System · EASY
The Monetary Policy Committee (MPC) of the Reserve Bank of India is responsible for: