Practice Money, Banking and the RBI – GK Quiz with Answers – Level 2

50 questions. Choose an option and see at once whether it was right, with the correct answer and a worked solution. No timer, and nothing to submit.

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Question 3

Match List-I with List-II:

List-I (Tool)	List-II (Meaning)
A. Cash Reserve Ratio	1. Interest on RBI loans against securities with a buy-back promise
B. Statutory Liquidity Ratio	2. Percentage of deposits a bank must keep as cash reserves
C. Bank rate	3. Reserves banks must keep in liquid form
D. Repo rate	4. Rate at which the RBI lends to commercial banks

Select the correct answer using the codes given below.

Question 4
Currency notes and coins in India are called fiat money because they:
Question 5
Which of the following is NOT one of the terms of credit?
Question 6
Consider the following statements:
1. A Self Help Group usually has 15 to 20 members.
2. Members of a Self Help Group save regularly and lend to members.
3. The Grameen Bank was set up in Sri Lanka.
Which of the statements given above is/are correct?
Question 7
Find the odd one out among these tools of the RBI.
Question 8
M1, a measure of money supply, is made up of currency held by the public and:
Question 9
How many banks were nationalised in India in 1969 and in 1980, respectively?
Question 10
The demonetisation of November 2016 withdrew which of the following?