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201. Bank rate is the rate at which
(A) a bank lends to the public.
(B) RBI lends to the public.
(C) The government of India lends money to other countries.
(D) RBI lends to commercial banks.
(A) a bank lends to the public.
(B) RBI lends to the public.
(C) The government of India lends money to other countries.
(D) RBI lends to commercial banks.
Correct Answer: [D] RBI lends to commercial banks..
202. The main argument in favor of small-scale and cottage industries in India is that
(A) cost of production is low.
(B) it requires a small capital investment.
(C) they advance the goal of equitable distribution of wealth.
(D) they generate a large volume of employment
(A) cost of production is low.
(B) it requires a small capital investment.
(C) they advance the goal of equitable distribution of wealth.
(D) they generate a large volume of employment
Correct Answer: [D] they generate a large volume of employment.
203. Which of the following statements regarding Regional Rural Banks (RRB) in India is correct?
i) The basic income setting up by the RRBs is to develop rural economy.
ii) It covers a specific region as it covers only one or a few districts.
iii) RRBs are sponsored by Commercial Banks. Select the answer.
(A) (i) only
(B) (i) and (ii) only
(C) (ii) and (iii) only
(D) (i), (ii), (iii)
i) The basic income setting up by the RRBs is to develop rural economy.
ii) It covers a specific region as it covers only one or a few districts.
iii) RRBs are sponsored by Commercial Banks. Select the answer.
(A) (i) only
(B) (i) and (ii) only
(C) (ii) and (iii) only
(D) (i), (ii), (iii)
Correct Answer: [B] (i) and (ii) only.
204. The liabilities of commercial bank are
(i) time deposits
(ii) security holdings
(iii) demand deposits
(iv) advances from central bank
(A) (i), (ii), (iii)
(B) (i), (iii), (iv)
(C) (ii) and (iii)
(D) (iii) and (i)
(i) time deposits
(ii) security holdings
(iii) demand deposits
(iv) advances from central bank
(A) (i), (ii), (iii)
(B) (i), (iii), (iv)
(C) (ii) and (iii)
(D) (iii) and (i)
Correct Answer: [B] (i), (iii), (iv).
205. What is the main function of EXIM bank?
(A) to help RBI in the regulation of foreign exchange.
(B) to prevent the unlicensed transaction.
(C) to promote exports and curtail imports.
(D) to conserve foreign exchange
(A) to help RBI in the regulation of foreign exchange.
(B) to prevent the unlicensed transaction.
(C) to promote exports and curtail imports.
(D) to conserve foreign exchange
Correct Answer: [C] to promote exports and curtail imports..
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