text: IBTS INDIA - Monday, August 07, 2017 BANKING QUIZ, QUIZ,
  1. The bank rate means
  1) Rate of interest charged by commercial banks from borrowers
  2) Rate of interest at which commercial banks discounted bills of their borrowers
  3) Rate of interest allowed by commercial banks on their deposits
  4) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
  2. What is the Statutory Liquidity Ratio (SLR) at present?
  3) 20.50%
  3. An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Govt securities and short term treasury bills at a future date and for which the RBI indicates "the interest rate", is generally known as
  5. Reverse Repo is a tool used by RBI to
  1) Inject liquidity
  2) Absorb liquidity
  3) Increase the liquidity with banking system
  4) To keep the liquidity at one level
  6. Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short-term securities as a reserve all the time in banking world, this is known as
  7. In terms of Section 5(1) (5) of the Banking Regulation Act, 1949, a 'banking company' means any company which
  1) accepts deposits from the public
  2) undertakes lending of money
  3) transacts the business of banking in
  8. Which of the following acts helps a bank in its day-to-day activities?
  9. What is the full form of 'FSDC' which is used in financial sectors?
  10. Drawing, accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under