Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Ministry of External Affairs
Option 4: State Bank of India
Correct Answer: Reserve Bank of India
Solution : The correct answer is the Reserve Bank of India.
The Reserve Bank of India has mandated that commercial banks hold a certain portion of their total deposits as reserves, known as the cash reserve ratio, or CRR. The Reserve Bank of India has mandated that banks avoid circumstances in which they lack the necessary funds to repay loans that they have made over what they are worth.
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Question : In India, which Ministry issues the coins of all denominations?
Option 1: Ministry of External Affairs
Option 2: Ministry of Home Affairs
Option 3: Ministry of Mines
Option 4: Ministry of Finance
Question : The poverty line in India is based on the survey conducted by which of the following?
Option 1: Ministry of Finance
Option 2: Reserve Bank of India (RBI)
Option 3: Ministry of Rural Development
Option 4: National Statistical Office (NSO)
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 : Who issues INR 10 notes in India?
Option 2: State Bank of India
Option 3: Union Bank of India
Option 4: Central Bank of India
Question : The commercial banks of India have to maintain a minimum percentage of cash, gold and other securities before lending loans to their customers. This is called the ____________.
Option 1: Capital Adequacy Ratio
Option 2: Current Account and Savings Account Ratio
Option 3: Statutory Liquidity Ratio
Option 4: Cash Reserve Ratio
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