25 - RBI Functions - Banker and Debt Manager for Governments

12345678910
1).
When was the Public Debt Act passed ?
2).
Which of these states are not served by RBI as its banker?
3).
How much money is the Central Government required to maintain as minimum cash balance with RBI on a daily basis?
4).
Which Union Budget had first proposed the setting up of PDMA?
5).
Where is Central Accounts Section of Reserve Bank of India located?
6).
When was the Government Securities Act passed?
7).
Which of these banks are authorised to act as the agent of RBI?
8).
What is the purpose of Ways and Means Advances scheme?
9).
Under which section of the RBI Act 1934 the Ways and Means Advances is provided?
10).
What is the duration for which RBI makes the WMA to the state governments?
1. When was the Public Debt Act passed ?
[A] 1935
[B] 1942
[C] 1944
[D] 1947
2. Which of these states are not served by RBI as its banker?
[A] Goa
[B] Assam
[C] Sikkim
[D] Arunachal Pradesh
3. How much money is the Central Government required to maintain as minimum cash balance with RBI on a daily basis?
[A] Rs 50 crore
[B] Rs 10 crore
[C] Rs 1 crore
[D] Rs 1000 crore
4. Which Union Budget had first proposed the setting up of PDMA?
[A] Budget 2011-12
[B] Budget 2012-13
[C] Budget 2013-14
[D] Budget 2014-15
5. Where is Central Accounts Section of Reserve Bank of India located?
[A] Nagpur
[B] Pune
[C] Mumbai
[D] Aurangabad
6. When was the Government Securities Act passed?
[A] 2002
[B] 1999
[C] 2005
[D] 2006
7. Which of these banks are authorised to act as the agent of RBI?
[A] Bank of Baroda
[B] Punjab National Bank
[C] State Bank of India
[D] All of the above
8. What is the purpose of Ways and Means Advances scheme?
[A] to give insurance to the large corporates for their investment in abroad projects
[B] to handle the mismatch between cash flow of the receipts and payments of the State Governments
[C] to promote export oriented projects by giving interest free credit
[D] None of the above
9. Under which section of the RBI Act 1934 the Ways and Means Advances is provided?
[A] Section 3(15)
[B] Section 6(3)
[C] Section 21
[D] Section 17(5)
10. What is the duration for which RBI makes the WMA to the state governments?
[A] 30 days
[B] 60 days
[C] 90 days
[D] 180 days
Advertisement

Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...