1) The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year.
a. 5%
b. 19%
c. 25%
d. 33%
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Answer
Explanation
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ANSWER: 25%
Explanation:
Last year, the apex bank had transferred 52,679 crore rupees of its surplus profit to the Government.
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2) Which of the following statements is/are correct about National Securities Depository Limited (NSDL)?
1. Depositories Act in August 1996 paved the way for establishment of National Securities Depository Limited (NSDL).
2. Upendra Kumar Sinha is chairman of NSDL.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Only 1
Explanation:
- National Securities Depository Ltd (NSDL) has appointed G V Nageswara Rao as managing director (MD) and chief executive officer (CEO).
- Upendra Kumar Sinha is chairman of SEBI.
- NSDL has been promoted by IDBI Bank, National Stock Exchange and the Specified Undertaking of the Unit Trust of India. Several other public sector, private sector and foreign banks are shareholders of NSDL.
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3) As per the notification by Reserve Bank of India (RBI) on 6th Aug’15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission?
a. Urban Areas
b. Rural Areas
c. Semi-Rural Areas
d. Semi-Urban Areas
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Answer
Explanation
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ANSWER: Urban Areas
Explanation:
In a notification on its website, RBI said banks can “shift, merge or close all branches except rural branches and sole semi-urban branches at their discretion”. Shifting, merging or closing a branch in a rural area or a sole branch in a semi-urban area would, however, continue to require prior permission from RBI.
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4) Who was the first governor of RBI?
a. James Braid Taylor
b. Mihir Sen
c. Nagendra Singh
d. Osborne Smith
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Answer
Explanation
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ANSWER: Osborne Smith
Explanation:
Osborne Smith was the Governor of Reserve Bank of India from 1 April 1935 to 30 June 1937.
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5) What does RBI regulate through Open Market Operation Transactions?
a. Flow of Foreign Direct Investment
b. Borrowing powers of the banks
c. Inflation
d. Liquidity in economy
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Answer
Explanation
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ANSWER: Liquidity in economy
Explanation:
Outright purchase and Repurchase agreement are the two traditional type of OMO's used by RBI.
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