Money, Banking & Inflation — Practice

Question 1

The Reserve Bank of India was nationalised in

Accepted Answer

A

Question 2

The Monetary Policy Committee (MPC), which sets the policy repo rate, consists of

Accepted Answer

A

Question 3

India's current CPI inflation target, along with its tolerance band, is

Accepted Answer

A

Question 4

To control high inflation, the RBI would typically

Accepted Answer

A

Question 5

Which of the following correctly distinguishes CRR from SLR?

Accepted Answer

A

Question 6

The reverse repo rate is the rate at which

Accepted Answer

A

Question 7

The RBI's role as 'lender of last resort' means it

Accepted Answer

A

Question 8

Payments Banks in India are distinguished from Small Finance Banks in that Payments Banks

Accepted Answer

A

Question 9

NABARD (National Bank for Agriculture and Rural Development), established in 1982, primarily functions as

Accepted Answer

A

Question 10

Regional Rural Banks (RRBs) in India are jointly owned by

Accepted Answer

A

Question 11

Demand-pull inflation occurs when

Accepted Answer

A

Question 12

Cost-push inflation is primarily driven by

Accepted Answer

A

Question 13

Releasing buffer stocks of foodgrains to control inflation is an example of a

Accepted Answer

A

Question 14

Cooperative banks in most Indian states are typically organised in which structure?

Accepted Answer

A

Question 15

The Bank Rate, at which the RBI lends long-term funds to banks, is best described today as

Accepted Answer

A

Practice — Money, Banking & Inflation