Question : Identify the false statement.
Option 1: RBI decides the bank rate for the economy.
Option 2: SEBI conducts open market operations to regulate money supply in the economy.
Option 3: RBI prints the 100 currency notes.
Option 4: Ministry of Finance issues 1 rupee coin.
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Correct Answer: SEBI conducts open market operations to regulate money supply in the economy.
Solution : The correct answer is the SEBI conducts open market operations to regulate the money supply in the economy.
The RBI is considered the banker's bank. It decides the bank rate for the economy and also issues monetary policy. Furthermore, the Reserve Bank of India controls the printing of banknotes. However, the Government of India, not the RBI, is responsible for issuing the one rupee currency.
The Securities and Exchange Board of India, or SEBI, was founded in 1992 with the goals of policing the securities market and safeguarding the interests of investors.
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Question : Monetray policy in India is formulated by:
Option 1: Finance Ministry
Option 2: RBI
Option 3: SEBI
Option 4: CLB
Question : Which of these Micro Finance Institutions (MFIs) are not regulated by the Reserve Bank of India (RBI)?
Option 1: Small finance bank-led MFIs
Option 2: Bank-led MFIs
Option 3: NBFC MFIs
Option 4: Non-profit MFIs
Question : Which among the following banks launched the "Gram Seva Program" across six states in India in October 2022?
Option 1: Industrial Credit and Investment Corporation of India
Option 2: Reserve Bank of India
Option 3: State Bank of India
Option 4: Housing Development Finance Corporation
Question : Which institution has launched the project E-Shakti for the digitisation of all members of self-help groups in India?
Option 1: Small Industries Development Bank of India
Option 2: The Securities and Exchange Board of India
Option 3: Industrial Finance Corporation of India
Option 4: National Bank for Agriculture and Rural Development
Question : The era of five-year plans began in India with the establishment of______.
Option 1: The NITI Aayog
Option 2: The Parliament
Option 3: The Finance Commission
Option 4: The Planning Commission
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