DAILY QUIZ - JAIIB - 11-09-2016

Under the powers derived from Section 20, 21 and 21A of the Reserve Bank
of India does not ...... (i) manage the public debt and issue new loans on
behalf of the Central and state Government, (ii) provide refinance to NABARD
in respect on agriculture advances, (iii) regulate flow of credit to the economy
by variation in the Statutory Liquidity requirement and Cash Reserve Ratio
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b
.............................................
Which of the following statements are not correct? (i) In India, foreign
exchange regulations are administered by Reserve Bank of India, (ii) Reserve
Bank of India maintains the external value of rupee, (iii) Reserve Bank of India
does not deal in foreign exchange directly with the public
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a
.............................................
What is Repo? (i) It is a method of borrowing against certain securities for a
short period, (ii) The borrower undertake a commitment to purchase back the
same securities after specified period at predetermined price, (iii) It is helpful
in contracting liquidity in the system
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a
.............................................
In periods of boom, which leads to economic instability Reserve Bank does
not resort to ...... (i) Selling of first class securities in its precession in the
market, to reduce the supply of money as a measure of open market
operations, (ii) Bying of approved securities in the market as a measure of
open market operations, (iii) Increasing the bank rate as a measure of open
market operations
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
.............................................
How many members can be nominated as Board of Directors on the Board of
a Bank ?
a. 12

b. 13
c. 14
d. 15
Ans - a
.............................................
Which of the following sections do not deal with the amalgamation of a bank?
(i) Section 44, (ii) Section 44A, (ii) Section 45
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b
.............................................
FIMMDAs general principles and procedures are applicable to ...... (i) Fixed
Income Markets, (ii) Money Markets, (iii) Derivatives Markets
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
.............................................
What are the powers of Reserve Bank of India for conducting scrutiny of a
Bank? (i) The RBI is empowered to conduct scrutiny of affairs of a Bank in
addition to regular inspection, (ii) The scrutiny officer has the same powers as
the inspecting officer of RBI, (iii) A copy of the scrutiny report would be
produced to the Bank
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
.............................................
Voting Right of the shareholders with total Rights of all shareholders of a Bank
are limited to ......
a. One per cent of total Rights
b. Two per cent of total Rights
c. Five percent of total Rights
d. Ten percent of total Rights
Ans - a
.............................................
Bank rate policy, open market operations, variable reserve requirements and
statutory liquidity requirements as measures of credit control are not
classified as ... (i) Quantitative methods, (ii) Quantitative methods, (iii)
Weighted average methods
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)

d. (i), (ii) and (iii)

Ans - a
.............................................
The board for financial supervision has a term of ......
a. One year
b. Two years
c. Ten years
d. No time limit
Ans - a
.............................................
Which of the following is not the sole authority for issuance of currency in
India? (i) Controller of Currency, (ii) Government of India, (iii) Reserve Bank of
India
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
.............................................
Which of the following do not fall under qualitative methods of credit control
adopted by Reserve Bank of India? (i) Selective Credit Control, (ii) Credit
authorization scheme, (iii) Moral sausion
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c