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Total Questions : 461 | Page 17 of 47 pages
Question 161. The Banking Ombudsman
  1.    is in charge of bank loan for buses
  2.    fixes the rates of interest for loans
  3.    resolves complaints of customers
  4.    is the head of all nationalized banks
 Discuss Question
Answer: Option C. -> resolves complaints of customers
Question 162. Lending to Micro Finance Institutions by banks is considered as finance to
  1.    Non priority sector
  2.    priority sector
  3.    commercial sector
  4.    Agriculture sector
 Discuss Question
Answer: Option B. -> priority sector
Question 163. Which of the following is not a primary function of a Bank?
  1.    Granting Loans
  2.    Collecting Cheques/ Drafts customers
  3.    Facilitating import of goods
  4.    issuing Bank drafts
 Discuss Question
Answer: Option C. -> Facilitating import of goods
Question 164. Which of the following is/are called key Policy rates by the Reserve Bank of India?
A. Bank rate
B. Repo Rate, Reverse repo rate
C. CRR, SLR
  1.    Only A
  2.    Only B
  3.    Only A & B
  4.    All A, B and C
 Discuss Question
Answer: Option D. -> All A, B and C
Question 165. Which of the following is/are various components/ channels of the monetary policy of the RBI?
(a) Altering money supply,
(b) credit availability
(c) Influencing exchange rates
  1.    Only (A) & (B)
  2.    Only (B) & (C)
  3.    Only (A) & (C)
  4.    Only (A)
 Discuss Question
Answer: Option A. -> Only (A) & (B)
Question 166. The Reserve Bank of India has divested its stake in State Bank of India to
  1.    IDBI Bank
  2.    LIC
  3.    ICICI Bank
  4.    Government of India
 Discuss Question
Answer: Option D. -> Government of India
Question 167. Objective of monetary policy of RBI is to
  1.    control inflation
  2.    discourage hoarding of commodities
  3.    encourage flow of credit into neglected sector
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Question 168. Real Time Gross Settlement System means a payment system in which
  1.    both processing and final settlement of funds transfer instructions can take place continuously
  2.    final transaction takes place at the end of the day
  3.    final payment is physically effected within 24 hours
  4.    final settlement of funds take place at 3 PM daily
 Discuss Question
Answer: Option A. -> both processing and final settlement of funds transfer instructions can take place continuously
Question 169. Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?
  1.    ten
  2.    six
  3.    five
  4.    four
 Discuss Question
Answer: Option B. -> six
Question 170. What is financial inclusion?
  1.    To provide banking services to all those living in remote areas
  2.    To provide a 100 days job to all those who are in need of a job
  3.    To provide a permanent employment to the unemployed
  4.    To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks
 Discuss Question
Answer: Option A. -> To provide banking services to all those living in remote areas

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