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IBPS Banking Awareness - RBI Policies and Banking Operations

Comprehensive banking awareness quiz covering RBI regulations, monetary policies, banking operations, and financial terms for IBPS Clerk and PO exam preparation

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

The base rate is required to be reviewed by banks at least

  1. once in a month
  2. once in a quarter
  3. once in half a year
  4. once in a year
  5. once in two years
Question 2 Multiple Choice (Single Answer)

Which of the following statements is correct for a white label ATM?

  1. White label ATM is owned and operated by both banks and non-bank entities.
  2. White label ATM is owned and operated by banks only.
  3. White label ATM is owned and operated by non-bank entities only.
  4. White label ATM is stopped for operations due to some fraud.
  5. None of these
Question 3 Multiple Choice (Single Answer)

Which of the following sections of the respective Act covers the SLR?

  1. Section 24 (2A) of BRA 1949
  2. Section 23 of BRA 1949
  3. Section 27 of RBI Act
  4. Section 24 (2) of RBI Act
  5. Section 23 of BRA 1951
Question 4 Multiple Choice (Single Answer)

Which of the following cannot open a No Frill Account in a bank?

  1. Agricultural labourer
  2. A small firm selling white goods
  3. Student
  4. A labourer in unorganised sector
  5. All of these
Question 5 Multiple Choice (Single Answer)

A non-bank white label ATM operator (WLAO) is required to have a minimum net worth of

  1. Rs. 100 crore
  2. Rs. 50 crore
  3. Rs. 200 crore
  4. Rs. 500 crore
  5. Rs. 250 crore
Question 6 Multiple Choice (Single Answer)

In July 2006, which of the following committees gave a report relating to capital account convertibility?

  1. Narasimham Committee
  2. Tarapore Committee
  3. Y.V. Reddy Committee
  4. Vaghul Committee
  5. Usha Thorat Committee
Question 7 Multiple Choice (Single Answer)

Whenever the RBI does some open market operation transactions, it actually wishes to regulate which of the following?

  1. Inflation only
  2. Liquidity in economy
  3. Borrowing powers of the banks
  4. Flow of foreign direct investment
  5. Foreign currency
Question 8 Multiple Choice (Single Answer)

What is the maximum amount of loan against demat shares allowed by banks to individuals?

  1. Rs. 5 lakh
  2. Rs. 10 lakh
  3. Rs. 15 lakh
  4. Rs. 20 lakh
  5. Rs. 25 lakh
Question 9 Multiple Choice (Single Answer)

Under the provisions of which of the following Acts, can RBI fix service charges on various payments or settlement services?

  1. Section 22, RBI Act
  2. Section 35A, BR Regulation Act
  3. Section 18, Payment and Settlement Act 2007
  4. Section 12, Prevention of Money Laundering Act
  5. Section 23, RBI Act
Question 10 Multiple Choice (Single Answer)

Which of the following risks is associated with the failure of internal processes of a bank or business organisation?

  1. Settlement risk
  2. Procedural risk
  3. Operational risk
  4. Credit risk
  5. Market risk
Question 11 Multiple Choice (Single Answer)

Which of the following policies of RBI influence the quantity of money in circulation?

  1. Monetary policies
  2. Credit policies
  3. Fiscal policies
  4. Security policies
  5. All of the above
Question 12 Multiple Choice (Single Answer)

The letter C in the rating model CAMELS being used by RBI for rating public sector banks represents

  1. capital fund
  2. capital adequacy
  3. capital contributed to subsidiaries
  4. credit limit
  5. consumer credit
Question 13 Multiple Choice (Single Answer)

RBI's model for rating Indian banks is known as

  1. CAMELS
  2. CAMEL
  3. eRATING
  4. eCAMEL
  5. CRISIL
Question 14 Multiple Choice (Single Answer)

Which of the following measures comes under quantitative credit control adopted by the Reserve Bank of India?

  1. Bank rate
  2. Open market operations
  3. Repo rate
  4. Cash Reserve Ratio (CRR)
  5. All of the above
Question 15 Multiple Choice (Single Answer)

What does RBI do when it wants to reduce liquidity in the banking system?

  1. It increases the CRR.
  2. It decreases the SLR.
  3. It decreases the repo rate.
  4. It decreases the reverse repo rate.
  5. It maintains the same bank rate.
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