CA/CS Foundation MCQ Question The Reserve Bank Of India
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1.
Central Bank is one which constitutes the -
1
Apexof the monelary and banking structure
2
Base of the monetary and banking structure
3
At the middle of the monetary and bankingstructure
4
None of the above
2.
Which of the following is the monetary authority of acountry?
1
Government of the country
2
Banking system of the country
3
The Central Bank of the country
4
All of these
3.
Identify which of these is not a function of the Central Bank.
1
Custodian of Foreign Exchange Reserves
2
Issue of Currency
3
Paying interest on deposits obtained from thepublic
4
Custodian of Cash Reserves
4.
Identify which of these is not a function of theCentra! Bank.
1
Formulating the Government Budget
2
Banker of Banks
3
Arranging for clearing arrangements betweenBanks
4
All of the above
5.
Identify which of these is not a function of theCentral Bank.
1
Clearing arrangements among Banks
2
Implementing Government's monetary policy
3
Specifying Income Tax Rates
4
Custody of Cash Reserves
6.
Identify which of these is not a function of theCentral Bank.
1
Re-discounting Bills of Commercial Banks
2
Specifying Excise and Custom Duty Rates
3
Custody of Foreign Exchange Reserves
4
Advising Government on Monetary Policymatters
7.
Identify which of these is a function of the CentralBank.
1
Banker of the State
2
Banker of Banks
3
Issue of Currency
4
All of trie above
8.
Which of the following is not a function of RBI?
1
Issue of currency and Custodian of ForeignExchange Reserves
2
Banker to the Government and Banks
3
Controller of Credit in the economy
4
Providing loans to agricultural farmers
9.
The Central Bank performs the following function(s) -
1
Regulates Currency
2
Performance of general banking and agencyservices for the State
3
Custody of Cash Reserve of Commercial Banks
4
All of the above
10.
The objective of the Central Bank is to -
1
Ensure monetary stability in the country
2
Maintain the international value of the Country'scurrency i
3
Issue currency
4
All of the above
11.
Which of the following statements about CentralBank is incorrect?
1
Central Bank regulates currency in accordancewith the requirements of business and thegeneral public
2
Central Banks performs general banking andagency service for the state
3
Central Bank generally deals with the public andtries to encourage saving habits among people
4
None of the above.
12.
The Central Bank has direct dealings with the publicin mobilization of deposits. This statement is -
1
True
2
False
3
Partially True
4
Nothing can be said
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