Under the Pradhan Mantri MUDRA Yojana, launched in 2015, the ‘Shishu’ category covers loans up to what amount?
Correct answer D. Rs 50,000
Subject / 150 questions
Indian Economy and Banking MCQs
Page 3 of Indian Economy and Banking multiple-choice questions with answers. Tap an option to check yourself.
Page 3 of 8
The Reserve Bank of India was set up on the recommendation of which commission?
Correct answer C. Hilton Young Commission
On which date did the Reserve Bank of India begin operations?
Correct answer B. 1 April 1935
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The Reserve Bank of India was nationalised with effect from which date?
Correct answer C. 1 January 1949
Where was the Reserve Bank of India’s central office located when it was first set up?
Correct answer A. Calcutta
In which year was the RBI’s central office permanently shifted to Bombay?
Correct answer B. 1937
Who was the first Governor of the Reserve Bank of India?
Correct answer C. Sir Osborne Smith
Who was the first Indian to serve as Governor of the Reserve Bank of India?
Correct answer B. C. D. Deshmukh
Which animal and tree appear on the emblem of the Reserve Bank of India?
Correct answer C. Tiger and palm tree
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The repo rate is the rate at which the RBI does what?
Correct answer A. Lends short-term funds to banks against government securities
The Standing Deposit Facility, which absorbs liquidity without collateral, was introduced by RBI in which year?
Correct answer C. 2022
Under the Liquidity Adjustment Facility, which rate forms the floor of the policy corridor?
Correct answer A. Standing Deposit Facility rate
Which facility lets scheduled banks borrow overnight from RBI by dipping into their SLR holdings up to a limit?
Correct answer A. Marginal Standing Facility
The Liquidity Adjustment Facility was introduced in India in which year?
Correct answer B. 2000
The Cash Reserve Ratio requires banks to keep a share of their net demand and time liabilities in what form?
Correct answer A. Cash balances with the RBI
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The Statutory Liquidity Ratio is prescribed under which Act?
Correct answer C. Banking Regulation Act, 1949
Which of the following can a bank hold to meet its Statutory Liquidity Ratio?
Correct answer D. Unencumbered government securities
If the RBI raises the Cash Reserve Ratio, what is the likely immediate effect?
Correct answer A. Bank liquidity available for lending falls
The bank rate is defined under which section of the RBI Act, 1934?
Correct answer D. Section 49
A loan becomes a non-performing asset when interest or principal remains overdue for more than how many days?
Correct answer B. 90 days