Topic-7
Indian Economy
1. Where are the headquarters of the Reserve Bank of India ?- Mumbai
2. Who is the Governor of Reserve Bank of India ?- Shaktikanta Das
3. Function of the Reserve Bank of India :
· Monetary Authority
· Issue of Currency
· Banker of Banks
· Regulation of Banking System
· Manager of Foreign Exchange
· Maintaining Financial Stability
· Regulator and supervisor of the of Payment and Settlement System
4. List the Quantitative Control Methods of Credit Control by RBI :
· Bank Rate
· Cash Reserve Ratio
· Statutory Liquidity Ratio
· Repo Rate
· Reverse Repo Rate
· Open Market Operations
5. At which rate RBI gives finance to the commercial banks ?- Bank Rate
6. What is the epithet used for the Bank Rate ?- Rediscount Rate
7. Under ________ the banks are obliged to keep a fraction of the total deposits of the banks with the Reserve Bank of India ?-Cash Reserve Ratio
8. __________ is the ratio of assets that the commercial banks are required to keep in cash ?- Statutory Liquidity Ratio
9. ________ is the rate at which RBI lends short-term money to the banks against securities ?- Repo Rate
10. _______ is the rate at which banks park short-term excess liquidity with the RBI ?- Reverse Repo Rate
11. Under _________ RBI sells Government Securities in the market ?- Open Market Operations
12. List of Qualitative Measures to control the credit by RBI :
· Credit Rationing
· Regulating Loan to Consumption
· Moral Persuasion
13. Under which schedule of the RBI the Commercial Banks are formed ?- Second
14. What is the minimum paid up capital required to start a private sector bank in India ?- Rs 500 Crore
15. What is the minimum paid up capital required to start payment banks and small finance banks ?- Rs 100 Crore
16. Kinds of Scheduled Commercial Banks :
· Public Sector Banks
· Private Sector Banks
· Foreign Banks
· Regional Rural Banks
17. In which year State Bank of India was established ?- 1921 AD
18. What was the old name of the State Bank of India ?- Imperial Bank of India
19. What were the constituents of the Imperial Bank of India ?
· Bank of Bengal
· Bank of Bombay
· Bank of Madras
20. In which year the State Bank of India was nationalized ?- 1955 AD
21. Banks that were merged in the State Bank of India in 2017 AD :
· The State Bank of Bikaner & Jaipur,
· State Bank of Hyderabad,
· State Bank of Mysore,
· State Bank of Patiala
· State Bank of Travancore,
· Bharatiya Mahila Bank
PRIVATE SECTOR BANKS
Bank Year Place
22 . ICICI Bank 1994 Vadodara
23. HDFC Bank 1994 Mumbai
24. Axis Bank 1994 Ahmedabad
25. Kotak Mahindra Bank 1985 Mumbai
26. Yes Bank 2004 Mumbai
27. In which year Bank Board Bureau was formed ?- 2016 AD
28. Who was the first Chairman of the Bank Board Bureau ?- Vinod Rai
29. Who is the Chairman of the Bank Board Bureau at present ?- Bhanu Pratap Sharma
30. What is the name of the program to introduce seven reforms in the Public Sector Bank ?- Indradhanush Scheme
31. Name the bank that got the approval from the RBI to open Bank in India ?- IDFC Bank and Bandhan Bank
32. What is the full form of IDFC Bank ?- Infrastructure Development and Finance Corporation
33. Bhartiya Mahila Bank , the first woman bank of India was opened in which year ?- 2013 AD
34. Who was the first Chairperson of the Bhartiya Mahila Bank ?- Usha Anantha Subramanium
35. Name the norms that deal with the Banking Standards ?-Basel Norms
36. Where is Basel situated ?- Switzerland
37. Which bank has the headquarters in Basel ?- Bank of International Settlement
38. What is the full form of MUDRA in MUDRA bank ?- Micro Units Development and Refinance Agency
39. MUDRA is the 100% subsidiary of which bank ?- SIDBI
40. What is the full form of SIDBI ?-Small Industries Development Bank of India
41. Classification of the three loan instrument of the MUDRA Bank :
I. Shishu cover – Upto Rs 50000/-
II. Kishor cover – Above Rs 50000/- and Upto Rs 500000/-
III. Tarun cover – loans above Rs 500000/- and Upto Rs 1000000/-
42. What is the full form of IFCI ?- Industrial Finance Corporation of India
43. What is the full form of ICICI ?- Industrial Credit and Investment Corporation of India
44. What is the full form of IDBI ?- Industrial Development Bank of India
45. What is the full form of UTI ?- Unit Trust of India
46. What is the full form of NHB ?- National Housing Board
47. What is the full form of EXIM Bank ?- Export-Import Bank
48. What is the name of the first Life Insurance Company India ?- Oriental Life Insurance Company
49. In which year Oriental Life Insurance Company was opened in India ?- 1818 AD
50. At which place Oriental Life Insurance Company was opened ?- Kolkata ( Then Calcutta )