Who appoints the governor of Reserve Bank of India?
[A]President of India
[B]Prime Minister of India
[D]Vice President of India
The Governor of RBI is appointed by the Central Government. The approval comes from Appointments Committee of the Cabinet.
The Reserve Bank of India has power to print currency notes of up to Rs ____?
10,000The RBI has power to print currency notes of up to Rs 10,000. At present, notes of Rs 10, Rs 100, Rs 500 and Rs 1,000 are only printed.
Which among the following is a qualitative tool of monetary policy?
[D]Cash Reserve Ratio
The quantitative instruments are Open Market Operations, Liquidity Adjustment Facility (Repo and Reverse Repo), Marginal Standing Facility, SLR, CRR, Bank Rate, Credit Ceiling etc. On the other hand, qualitative instruments are: credit rationing, moral suasion and direct action (by RBI on banks).
Which among the following is NOT a subsidiary of RBI?
[A]National Housing Bank
[C]Bharatiya Reserve Bank Note Mudran Private Limited
RBI has four subsidiaries viz. Deposit Insurance and Credit Guarantee Corporation, DICGC; National Housing Bank; Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) and NABARD.
In India, the Chit funds are governed / Regulated by ___?
Chit funds in India are governed by the Chit Funds Act, 1982. Under this Act, the chit fund businesses can be registered and regulated only by the respective State Governments. Regulator of chit funds is the Registrar of Chits appointed by respective state governments under Section 61 of Chit Funds Act. Powers of adjudication vest in the Registrar and the state government concerned is the Appellate authority. In case of failure of a chit fund business, the responsibility for winding up such a business also vests with the respective State Governments. Moreover, the Prize chits and money circulation schemes are illegal and are banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Powers of investigation under this Act are vested with the concerned state police authorities.
Which organization regulates Mutual funds in India? [A]RBI [B]SEBI [C]Finance Ministry [D]SBM
SEBI formulates policies and regulates the mutual funds. It notified regulations in 1993 and issues guidelines from time to time. Mutual funds, either promoted by public or by private sector entities including one promoted by foreign entities are governed by these regulations.
Which one of the following is the new sub-category of the commercial real estate sector (CRE) as per the latest RBI directive?
The new RBI directive which follows the monetary policy statement of 2013-14 has carved out a sub-sector of ‘Commercial real estate sector (CRE)-residential housing’ to boost investments in residential housing sector by altering the risk weight, which is currently 0.75% reduced from the previous 1%.