Economy-Topic-7


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 )

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