RBI And Monetary Policy – General Awareness MCQ Quiz Practice

• Topic: RBI and Monetary Policy

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• Number of Questions: 10
• Target: SBI PO, SBI Clerk, RBI Assistant, IBPS PO, IBPS Clerk, SSC CGL, SSC GD, SSC CPO, SSC MTS, SSC CHSL, Railways, etc.

Let’s Start

1. Where was the first headquarters of RBI?

1. New Delhi
2. Mumbai
3. Kolkata
4. Chennai

2. Who appoints the governor of RBI?

1. President of India
2. Prime Minister of India
3. Central Government of India
4. Vice President of India

3. What is the maximum number of official directors in RBI’s central board of directors

1. One
2. Two
3. Four
4. Five

4. ______Credit policy promotes investment.

1. Dear
2. Cheap
3. Restricted
4. Green

5. Which of the following rates signals the RBI’s long-term outlook in interest rate?

1. Repo rate
2. Reverse repo rate
3. Bank rate
4. SLR
5. CRR

6. Which act has given control & supervision power to RBI over commercial banks?

1. RBI Act, 1934
2. Banking Regulation Act, 1949
3. Both the RBI Act, of 1934 & Banking Regulation Act, of 1949
4. Banking Regulation Act, 1960

7. The monetary authority in India, viz RBI is bound to maintain a reserve against the note issued whatever may be the amount, this system is called ______

1. MRS
2. PRICE
3. Maximum fiduciary issue system
4. Simple deposit system

8. Banks wishing to provide mobile banking services have to obtain permission from which of the following authority:

1. RBI
2. TRAI
3. IRDAI
4. No permission needed

9. What will be the impact on the cash reserves of commercial banks if RBI conducts a sale of securities?

1. Increase
2. Decrease
3. Remain constant
4. Neither increase nor decrease

10. If the cash reserve ratio (CRR) is increased by the RBI, its impact on the expansion of credit creation will be to

1. Decreases it
2. Increases it
3. No impact
4. Can’t say