26 - RBI Functions - Banker to other banks

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1).
What is the minimum limit of CRR that can be set by the RBI?
2).
When was the RBI Act amended to establish the Monetary Policy Committee?
3).
Where is the current account of all other banks are maintained?
4).
Which of these facilities is given by RBI to the banks for inter-bank transactions?
5).
Which of the following functions are performed by RBI as a banker of banks?
6).
What was the statutory cash reserves requirement originally when the Banking regulations Act was passed in 1949?
7).
Which department of the RBI offers the facility of opening deposit accounts to other banks?
8).
In what form the banks are required to maintain deposits with RBI under CRR?
9).
Who acts as the lender of last resort to all Public Sector Banks in India?
10).
How is Capital Adequacy Ratio of banks calculated by RBI?
1. What is the minimum limit of CRR that can be set by the RBI?
[A] No Limit
[B] 12%
[C] 15%
[D] 20%
2. When was the RBI Act amended to establish the Monetary Policy Committee?
[A] 2014
[B] 2015
[C] 2016
[D] 2017
3. Where is the current account of all other banks are maintained?
[A] Finance Ministry
[B] RBI
[C] State Bank of India
[D] World Bank
4. Which of these facilities is given by RBI to the banks for inter-bank transactions?
[A] RTGS
[B] SWIFT
[C] M-PESA
[D] All of the above
5. Which of the following functions are performed by RBI as a banker of banks?
[A] settlements of inter-bank transactions
[B] enables banks to maintain their accounts with RBI for statutory reserve requirements
[C] acts as the lender of last resort
[D] All of the above
6. What was the statutory cash reserves requirement originally when the Banking regulations Act was passed in 1949?
[A] 2% of demand liabilities and 5% of time liabilities
[B] 5% of demand liabilities and 2% of time liabilities
[C] 5% of demand liabilities and 5% of time liabilities
[D] 5% of demand liabilities and 5% of time liabilities
7. Which department of the RBI offers the facility of opening deposit accounts to other banks?
[A] DBR
[B] DAD
[C] DBS
[D] None of the above
8. In what form the banks are required to maintain deposits with RBI under CRR?
[A] Cash
[B] Government Securities
[C] Gold
[D] All of the above
9. Who acts as the lender of last resort to all Public Sector Banks in India?
[A] Finance Ministry
[B] RBI
[C] State Bank of India
[D] IMF
10. How is Capital Adequacy Ratio of banks calculated by RBI?
[A] (Tier 1 Capital + Tier 2 capital + Tier 3 capital)/ Risk weighted assets
[B] (Tier 1 Capital – Tier 2 capital)/ Risk weighted assets
[C] (Tier 1 Capital + Tier 2 capital)/ Risk weighted assets
[D] None of the above
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