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976.  World Economic Situation and Prospects Report is associated with:

a

  None of these

b

 WTO

c

 World Bank

d

 United Nations

e

 IMF

Answer & Explanation
Answer : Option D
Explanation :

977.  Whenever RBI does some Open Market Operation transactions, actually it wishes to regulate which of the following?

a

  Liquidity in economy

b

 Inflation only

c

 Borrowing powers of the banks

d

 None of the above

e

 Flow of foreign direct investments

Answer & Explanation
Answer : Option A
Explanation :

978.  What is an Indian Depository Receipt?

a

  None of these

b

 An instrument in the form of deposit receipt issued by Indian depositories

c

 A depository account with any of the Depositories India

d

 An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

e

 A deposit account with a public Sector Bank

Answer & Explanation
Answer : Option D
Explanation :

979.  The revival of the Kisan Vikas Patra (KVP) was announced in the Union Budget 2014-15 on 10 July 201 4. The KVP was discontinued from November 2011 on the recommendation of which committee's recommendations?

a

  Shyama Prasad Committee

b

 Gopinath Ghokle Committe

c

 Shyamlal Kunde Committee

d

 Shyamala Gopinath Committee

e

 None of these

Answer & Explanation
Answer : Option D
Explanation :

980.  Interest on savings bank account is now calculated by banks on

a

  maximum balance during the month

b

 minimum balance during the month

c

 daily product basis

d

 minimum balance from 7th to last day of the month

e

 minimum balance from 10th to last day of the month

Answer & Explanation
Answer : Option E
Explanation :

981.  Interest payable on savings bank accounts is

a

  regulated by Central Government

b

 regulated by State Governments.

c

 regulates by Finance Minister.

d

 regulated by RBI.

e

 not regulated by RBI.

Answer & Explanation
Answer : Option D
Explanation :

982.  Consider the following statements: (1) RBI has lowered Statutory Liquidity Rate (SLR) by 0.50% in its June review. (2) Reduction in SLR helps in increasing credit availability in the market Which of the above statement(s) is/are correct?

a

  2 only

b

 Both 1 and 2

c

 None of these

d

 Either 1 or 2

e

 1 only

Answer & Explanation
Answer : Option B
Explanation :

983.  The Reserve Bank of India, released its June Mid-quarter Monetary Policy. Consider the following statements: 1. RBI left its key policy, repo rate unchanged at 7.25% in line. 2. CRR (Cash Reserve Ratio), remained at 4%. 3. Repo is the rate at which banks borrow from the central bank. Select the correct answer using codes given below: Codes:

a

  1 and 3 only

b

 None of these

c

 1 and 2 only

d

 2 and 3 only

e

 1, 2 and 3

Answer & Explanation
Answer : Option E
Explanation :

984.  Which of the following public sector banks is regarded as being the first to launch its own Mutual Fund Scheme?

a

  Bank of India

b

 SBI

c

 Canara Bank

d

 PNB

e

 ICICI Bank

Answer & Explanation
Answer : Option B
Explanation :

985.  Which of the following is not a public sector bank?

a

  None of the above

b

 State of Hyderabad

c

 HDFC Bank

d

 Regional Rural Bank

e

 Central Bank of India

Answer & Explanation
Answer : Option C
Explanation :

986.  Which of the following is/are key policy rates used by RBI to influence interest rates? (1) Bank Rate and Repo Rate (2) Reverse Repo Rate (3) CRR and SLR

a

  Only (3)

b

 All (1), (2) & (3)

c

 Only (1)

d

 Both (1) & (3)

e

 Only (2)

Answer & Explanation
Answer : Option B
Explanation :

987.  The currency notes issued by RBI have a cent percent cover in

a

  None of these

b

 foreign exchange

c

 trustee securities

d

 gold

e

 approved assets

Answer & Explanation
Answer : Option E
Explanation :

988.  The Head Office of the National Bank for Agriculture & Rural Development (NABARD) is located in

a

  New Delhi

b

 None of these

c

 Mumbai

d

 Hyderabad

e

 Lucknow

Answer & Explanation
Answer : Option C
Explanation :

989.  When was the second phase of nationalisation done?

a

  16th August, 1985

b

 9th July, 1969

c

 None of the above

d

 15th April, 1980

e

 10th July, 1968

Answer & Explanation
Answer : Option D
Explanation :

990.  One rupee notes bear the signature of

a

  Prime Minister of India

b

 Governor of Reserve Bank of India

c

 None of the above

d

 President of India

e

 Secretary, Ministry of Finance (Government of India)

Answer & Explanation
Answer : Option E
Explanation :
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