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GK
GK Set-1
Economics
Banking System
11

Banking System MCQ (GK Set-1) with Answers

11) Banking functions centrally controlled by the :

Central Bank

RBI

SBI

Both [B] and [C]

Answer is:

RBI

Explanation:

The RBI (Reserve Bank of India) has been empowered by law to supervise, regulate and control the activities of commercial and cooperative banks. The RBI periodically inspects banks and asks them for returns and necessary information.

Banking functions centrally controlled by the RBI (Reserve Bank of India).

Banking functions centrally controlled by the :

Banking System MCQ (GK Set-1) with Answers

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Related Banking System MCQ (GK Set-1) with Answers

12) The ratio between cash in hand and total assets maintained by the banks is called :

SBR (Statutory Bank Ratio)

SLR (Statutory Liquid Ratio)

CBR (Central Bank Reserve)

CLR (Central Liquid Reserve)

Answer is:

SLR (Statutory Liquid Ratio)

13) What is ’Repo rate’?

is the rate at which the RBI lends to State Government

is the rate at which the International aid agencies lend to RBI

is the rate at which the RBI lends to banks

is the rate at which the banks lends to RBI

Answer is:

is the rate at which the RBI lends to banks

14) What is the apex organisation of Industrial Finance in India ?

Industrial Finance Corporation

Industrial Credit and Investment corporation of India

Industrial Development Bank of India

None of these

Answer is:

Industrial Development Bank of India

15) Which scheme is eligible for refinance from NABARD (National Bank for Agricultural and Rural Development) ?

Small Road and Water Transport Operators (SRWTO)

Self Employment Scheme for Exservicemen (SEMFEX)

Soft Loan Assistance for Margin Money (SLAMM)

All of these

Answer is:

All of these

Banking System MCQ (GK Set-1) with Answers

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