Question : _____________is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks of the country.
Option 1: Reserve Repo Rate
Option 2: Base Rate
Option 3: Marginal Rate
Option 4: Repo Rate
Correct Answer: Repo Rate
Solution : The correct option is the Repo Rate.
The "Repo Rate" is the interest rate at which commercial banks get loans from the Reserve Bank of India (RBI). "Repo" stands for "Repurchase Agreement." Commercial banks can sign a buyback arrangement with the RBI and pledge government securities as security when they need money. The repo rate is the interest rate the RBI charges on this type of short-term borrowing.
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Question : Small Industries Development Bank of India (SIDBI) is regulated by____________.
Option 1: Indian Bank
Option 2: Reserve Bank of India
Option 3: ICICI Bank
Option 4: State Bank of India
Question : Small Industries Development Bank of India (SIDBI) is regulated by ______.
Option 1: State Bank of India
Option 2: Indian Bank
Option 3: Reserve Bank of India
Option 4: ICICI Bank
Question : Who chairs the Monetary Policy Committee in India?
Option 1: Union Finance minister
Option 2: Deputy Governor, Reserve Bank of India
Option 3: Comptroller and Auditor General of India
Option 4: Governor, Reserve Bank of India
Question : Which organisation of the government of India reports the GDP of the country?
Option 1: Securities and Exchange Board of India
Option 2: Central Statistics Office
Option 3: NITI Aayog
Option 4: Reserve Bank of India
Question : Which among the following is the sole note-issuing authority in India?
Option 1: Industrial Finance Corporation of India
Option 2: National Payments Corporation of India
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