Questions on RBI for RBI Grade B Finance Section

Dear aspirants,
We are presenting you the questions on RBI for RBI Grade B for Finance Section of the exam. These questions cover the topics like Monetary Policy Committee, Priority Sector lending and MCLR. Before you attempt these questions, make sure you are familiar with the following topics:

questions on RBI for RBI Grade B

Let’s read the questions on RBI for RBI Grade B and answers are given at the end of the quiz.

  1. Which of the following is referred as policy rate in Monetary Policy?
    1. Bank Rate
    2. CRR
    3. SLR
    4. Repo Rate
  2. What is the quorum for meeting of the MPC?
    1. 5
    2. 4
    3. 3
    4. 2
  3. Who have the casting vote in case of equality of votes during the meeting of MPC?
    1. Governor of RBI
    2. Deputy Governor, Incharge of Monetary Policy
    3. One of the nominated member of Central Government
    4. Finance Minister
  4. Monetary Policy Report has to publish by RBI once in every _____?
    1. 12 months
    2. 9 months
    3. 6 months
    4. 3 months
  5. Who publishes the Report on Trend and Progress of Banking in India annually?
    1. NABARD
    2. Reserve Bank of India
    3. International Monetary Fund
    4. World Bank
  6. Who publish the prices/yield of Government securities in India?
    1. Fixed Income Money Markets and Derivatives Association (FIMMDA)
    2. Foreign Exchange Dealers Association Of India 
    3. Reserve Bank of India
    4. Financial Benchmark India Pvt. Ltd. (FBIL)
  7. What loan amount is applicable to be considered under Priority Sector in case of MSME (Services)?
    1. Upto 2 crore
    2. Upto 5 crore
    3. Upto 10 crore
    4. All bank loans to services sector comes under priority sector
  8. What is the sub-target for lending to small and marginal farmers under priority sector guidelines in terms of ANBC?
    1. 8% of ANBC
    2. 50% of ANBC
    3. 7% of ANBC
    4. 50% of ANBC
  9. What is the sub-target for lending to Micro Enterprises under priority sector guidelines in terms of ANBC?
    1. 8% of ANBC
    2. 50% of ANBC
    3. 7% of ANBC
    4. 50% of ANBC
  10. When Reserve bank of India introduced Marginal Cost of Funds based Lending Rates (MCLR) system?
    1. 1st April 2015
    2. 1st April 2016
    3. 1st April 2017
    4. 1st April 2018

Answers

  1. 4
  2. 2
    The quorum for the meeting of Monetary Policy Committee is 4 members i.e. four members should be present for meeting to take place.
  3. 1
    Each member of the MPC has one vote, and in the event of an equality of votes, the Governor has a second or casting vote
  4. 3
    Once in every six months, the Reserve Bank is required to publish a document called the Monetary Policy Report to explain the sources of inflation and the forecast of inflation for 6-18 months ahead
  5. 2
    The Reserve Bank of India publish two reports every year: the Annual Report and the Report on Trend and Progress of Banking in India.
  6. 4
    FBIL assumed the responsibility for administering valuation of Government securities with effect from March 31, 2018. Earlier it was responsibility of FIMMDA
  7. 4
  8. 1
    The sub-target of 8 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBE), whichever is higher, is made applicable for lending to the small and marginal farmers for foreign banks with 20 branches and above and also to scheduled commercial banks.
  9. 2
    The sub-target of 7.5% percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBE), whichever is higher, is made applicable for lending to the small and marginal farmers for foreign banks with 20 branches and above and also to scheduled commercial banks
  10. 2
    Reserve Bank introduced the Marginal Cost of Funds based Lending Rates (MCLR) system with effect from April 1, 2016

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