Who appoints the governor of Reserve Bank of India?

Who appoints the governor of Reserve Bank of India? [A]President of India [B]Prime Minister of India [C]Central Government [D]Vice President of India Show Answer Central GovernmentThe Governor of RBI is appointed by the Central Government. The approval comes from Appointments Committee of the Cabinet.

Question Category: Banking Awareness • Structure & Functions of RBI

What is the principle of Reciprocity of RBI?

RBI has a principle that overseas banks are given near national treatment in India only if their home country allowed Indian banks to open branches there without much restrictions. This principle is known as __? [A]Reciprocity [B]National Treatment [C]Equal Treatment [D]Fair Deal Show Answer Reciprocity

Question Category: Banking Awareness • Structure & Functions of RBI

What is sold and purchased during Open Market Operations by RBI?

What is sold and purchased during Open Market Operations by RBI? [A]Government Securities [B]Commercial Papers [C]Certificates of Deposits [D]Global Depository Receipts Show Answer Government Securities OMOs are conducted by the RBI via the sale/purchase of government securities to/from the market with the primary aim of modulating rupee liquidity conditions in the market OMOs are an ..

Question Category: Banking Awareness • Structure & Functions of RBI

The custodian of India’s foreign exchange reserve is__:

The custodian of India’s foreign exchange reserve is__: [A]Department of Finance [B]State Bank of India [C]Reserve Bank of India [D]Board of Financial Supervision Show Answer Reserve Bank of India In 1946, India became a member of the International Monetary Fund (IMF) and from that time RBI has the responsibility of maintaining fixed exchange rates with ..

Question Category: Banking Awareness • Structure & Functions of RBI

If Repo Rate is 6%, then which among the following is correct about Reverse Repo and Marginal Standing Facility?

If Repo Rate is 6%, then which among the following is correct about Reverse Repo and Marginal Standing Facility? [A]Reverse Repo Rate is 7% and Marginal Standing Facility is 8% [B]Reverse Repo Rate is 5% and Marginal Standing Facility is 8% [C]Reverse Repo Rate is 5% and Marginal Standing Facility is 7% [D]Reverse Repo Rate ..

Question Category: Banking Awareness • Structure & Functions of RBI