53-Indian Money Market - Structure and Features

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Indian Money Market – Structure and Features for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking and CAT / MBA entrance examinations of India

1. Which among the following is/are correct regarding Money Market?

[A] Money Market is a market for short-term funds
[B] Maturity in this market ranging from overnight to one year
[C] The basic function of money market is to provide efficient liquidity position
[D] All of the above

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2. Which among the following is/are correct regarding Call Money?

[A] No Collateral is required in Call Money transaction
[B] It is the money lent/borrowed for maximum period of 30 days
[C] It is the money lent/borrowed for maximum period of 45 days
[D] Banks borrow primarily from customers

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3. What is the maximum duration for which term money can be lent/borrowed?

[A] 1 day
[B] 15 days
[C] 30 days
[D] 1 year

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4. What is the minimum duration for which term money can be lent/borrowed?

[A] 1 day
[B] 15 days
[C] 30 days
[D] 1 year

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5. How many Scheduled Commercial Banks are there in India?

[A] 81
[B] 89
[C] 93
[D] 97

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6. Which among the following surveys is not conducted by Reserve Bank of India?

[A] Consumer Confidence Survey (CCS)
[B] Inflation Expectations Survey of Households (IESH)
[C] Survey of Professional Forecasters on Macroeconomic Indicators
[D] Annual Survey of Industries

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7. Who is the issuing authority of coins in India?

[A] Reserve Bank of India
[B] Government of India
[C] Ministry of Finance
[D] Both 1 and 2

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8. Which act governs the minting of coins in India?

[A] Indian Coinage Act, 1906
[B] Indian Rupee Act, 1996
[C] Indian Denomination Act, 1972
[D] All of these

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9. How many government coin mints are there in India?

[A] 2
[B] 3
[C] 4
[D] 5

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10. Coins upto what amount are called ‘small coins’ in India?

[A] 25 paise
[B] 50 paise
[C] 1 rupee
[D] 2 rupee

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