11. Objective of SLR(Statutory Liquidity Ratio) is /are;
A. To restrict expansion of bank credit.
B. To increase banks investment in approved securities.
C. To ensure solvency of banks.
D. All of these.
Answer with Explanation
Answer: Option D
Explanation:
SLR or Statutory Liquidity Ratio is the amount that all the commercial banks have to maintain with RBI (Reserve Bank of India) in the form of cash, gold or government securities. By increasing and decreasing the SLR, the Reserve Bank of India(RBI) restrict the expansion of bank credit. It also ensures the investment of commercial banks in government bonds and shares.
With the help of SLR, RBI can effectively control the inflation and money supply in the system.
12. Interest payable on savings bank accounts is-
A. decided by banks without following any conditions by RBI.
B. not regulated by RBI.
C. regulated by central government.
D. decided by banks following the guidelines of RBI
Answer with Explanation
Answer: Option D
Explanation:
In India banks are allowed to decide their interest rate on the basis of some conditions made by RBI.
13. Which is/are the commodities on which subsidy is given to farmers or poor people in India?
A. Fertilizer.
B. Kerosene.
C. LPG.
D. All of these.
Answer with Explanation
Answer: Option D
Explanation:
No explanation for this question.
14. Financial inclusion or Inclusive financing means providing-
A. food at low cost.
B. financial services (Payments, remittances, savings, loans, insurance and etc.) at affordable cost to those disadvantaged and low-income parts/segments of the society, where these services are not affordable or available.
C. only free financial education to poor people.
D. None of these.
Answer with Explanation
Answer: Option B
Explanation:
Financial Inclusion also known as Inclusive financing is delivering of various finanacial services to poor or disvantage areas of the society.
15. If the rate of inflation increases then the-
A. purchasing power of money increases.
B. purchasing power of money decreases.
C. purchasing power of money remains uneffected.
D. None of these.
Answer with Explanation
Answer: Option B
Explanation:
Inflation is the sustainable increase of prices of the products and services of a certain period of time. When the rate of the products or serives increased, the purchasing power of the money getting decreased.
16. In India additional interest rate is allowed on retail domestic term deposits for-
A. Minor citizens.
B. Womens.
C. Senior citizens.
D. None of these.
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.
17. Full form of the term “FINO” is-
A. Financial inclusion network and operations.
B. Financial inclusion news and operations.
C. Financial investment network and operations.
D. None of these.
Answer with Explanation
Answer: Option A
Explanation:
FINO (Financial Inclusion Network and Operations) which is originally known as FINO PayTech Limited, is a company formed in 2006 based on financial inclusion solutions. It is a private company which serves its servies to banking sectors, microfinance institutions, insurance companies and other.
18. What is the full form of “LAF”, related to monetory policy of the Reserve Bank of India?
A. Liability and adjustment facility.
B. Liquidity adjustment facility.
C. Linear adjustment facility.
D. None of these.
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.
19. Banks in India are regulated by-
A. Banking regulation Act, 1949
B. RBI Act, 1934
C. Companies Act.
D. None of these.
Answer with Explanation
Answer: Option A
Explanation:
No explanation for this question.
20. What is the full form of ULIP?
A. Unit linked insurance plan.
B. Unreserved linked insurance plan.
C. Unit liable insurance plan.
D. None of these.
Answer with Explanation
Answer: Option A
Explanation:
No explanation for this question.
