Banking Awareness Practice Set-1 On RBI & It’s Structure


1. The headquarters of local boards of RBI are located at__
a. Kolkata, Mumbai, New Delhi and Chennai
b. Jaipur, Mumbai, Mysore and Chennai
c. Ahmedabad, Mumbai, New Delhi and Chennai
d. Ahmedabad, Mumbai, New Delhi and Jaipur

Answer: Kolkata, Mumbai, New Delhi and Chennai

Image result for blog images of rbi headquarter
i. RBI has the headquarters of its local bodies in?Kolkata, Mumbai, New Delhi and Chennai.
ii. The members of the local boards of RBI are appointed by the Central Government for a term of four years.
iii. Their main purpose is to advise the Central Board on local matters and to represent territorial and economic interests of local cooperative and indigenous banks; to perform such other functions as delegated by Central Board from time to time.


2. Under which section of the Reserve Bank of India (RBI) Act 1934, the RBI has the sole right to issue bank notes of all denominations?
a. Section 21 of the RBI Act 1934
b. Section 22 of the RBI Act 1934
c. Section 23 of the RBI Act 1934
d. Section 24 of the RBI Act 1934

Answer: Section 22 of the RBI Act 1934
Explanation: Under Section 22 of the Reserve Bank of India (RBI) Act 1934 , the RBI has the sole right to issue bank notes of all denominations. Report Error

3. How Bank Rate is different from Repo rate?
a. While Repo Rate is a short-term measure, Bank Rate is a long-term measure
b. While Bank Rate is a short-term measure, Repo Rate is a long-term measure
c. While Repo Rate is used to control money supply, Bank Rate is used to control inflation
d. While Bank Rate is used to control money supply, Repo Rate is used to finance government debt

Answer: While Repo Rate is a short-term measure, Bank Rate is a long-term measure


4. Which among the following is NOT a subsidiary of RBI?
a. National Housing Bank
c. Bharatiya Reserve Bank Note Mudran Private Limited

Answer: SIDBI

Explanation: RBI has four subsidiaries viz.
i. DICGC (Deposit Insurance and Credit Guarantee Corporation),
iii.National Housing Bank, and
iv. BRBNMPL (Bharatiya Reserve Bank Note?Mudran Private Limited)

5. Which of the following is not the quantitative tool of the Reserve Bank of India (RBI)?
a. OMO
b. Reserve ratios
c. Rationing of credit
d. Statutory Pre-emptions

Answer: Rationing of credit

Explanation:?The Reserve Bank of India (RBI) make use of certain qualitative tools to control the cost and quantity of credit which includes some important indirect tools including OMO, bank rate, SLR, CRR, repo rate, etc.

6. Under minimum reserve system, how much amount Reserve Bank of India (RBI) was required to keep in gold and foreign exchange reserves?
a. Rs.200 crore
b. Rs.220 crore
c. Rs.222 crore
d. Rs.280 crore

Answer: Rs.200 crore
Explanation:?Under minimum reserve system, the Reserve Bank of India (RBI) was required to keep gold and foreign exchange reserves of Rs. 200 crore, of which Rs. 115 crore in gold and Rs. 85 crore in foreign exchange form.

7. Which of the following is NOT a function of Reserve Bank of India?
a. Controls the credit operations of banks through quantitative and qualitative tools
b. Lender of the last resort
c. Holds cash reserves of all the scheduled banks
d. Manages Credit Rating of Banks

Answer: Manages Credit Rating of Banks
Explanation: The Reserve Bank of India (RBI) was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

8. Which among the following is most important functions being done by SLR in recent times??
a. Control of Inflation
b. Cushion against bank failures
c. Financing Government deficits
d. Adjustment of liquidity

Answer: Financing Government deficits

9. Under which of the following rates, the banks avail long term loans from Reserve Bank of India (RBI) by putting no collateral securities?

a. Bank rate
b. Repo rate
c. Reserve repo rate
d. Marginal Standing Facility

Answer: Bank rate


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Yes! You Can Crack SSC Exam

SSC (Staff Selection Commission) exam is country’s one of the most searched exam for the aspirants in the recent years. This exam provides an opportunity to the candidates for getting recruited for various lucrative posts in various Ministries and departments coming under the?Government of India. The SSC exams are?conducted as CGL (Combined Graduate Level) which has very moderate syllabus to prepare but the level of questioning in exams could vary from easy to moderate to tougher one. The SSC exam is conducted into three tiers:


  • Tier 1 is a general?competitive exam with 200 multiple choice questions to be done in 2 hour A.General Intelligence + Reasoning – 50 marks
    B.Gen.Awareness-50 marks
    C. Quantitative Aptitude ? 50 marks
    D. English Comprehension – 50 marks
    For VH and candidates suffering from Cerebral Palsy: 2 hours 40 minutes
  • Tier 2 is the next level of SSC exam for the qualified candidates of Tier 1 exam which is divided into two different papers of worth 400 Marks:
    I. Quantitative Abilities : 200 marks (100 Questions)
    Duration: 2 hours.?For VH and candidates suffering from Cerebral Palsy: 2 hours 40 ? ? ? ? ? ? ?minutes wherever eligible.II.?English Language & Comprehension: 200 marks (100 Questions)
    Duration : 2 hours.?For VH and candidates suffering from Cerebral Palsy:2 hours 40 ? ? ? ? ? ? ?minutes?wherever eligible.
  • Tier-3 is the final stage of SSC exam where the qualified candidates of Tier-1 exam are shortlisted for Interview of worth 100 Marks



Reasoning section asked in SSC Exam is not as tough as the quantitative section since the candidate do not have to?apply any methodology to get an answer for a given question. But since this exam is all about time-bounded, it is not so easy to get all answers quickly within a time frame as it tests a candidate?s skill of problem solving?and mental observation. But if a candidate is guided with tips and tricks to solve the problem in a quick review along with ample practice, he/she can easily solve the problems in a very short time during examination.


Quantitative Aptitude

SSC CGL Exam has Quantitative Aptitude in both Tier-1 (Moderate Level of Mathematics) and Tier-2 (Tough Level of Mathematics) Exam with questions asked from Basic Mathematics.?This section could be?easy and scoring only for the candidates with the?awareness of the short tricks, tips and formulas with the good amount of practice of various kinds of questions.? Here the questions are asked from topics of number systems, time and work, pipes and cisterns, percentages, partnerships, mensuration, profit and loss, probability, etc. A Candidate must purchase a good material containing past years Questions and solve them by setting time of 40 minutes.


General English

Likewise Quantitative Aptitude, SSC CGL Exam has English in both Tier-1 (Moderate Level of English) and Tier-2 (Tough Level of English) Exam. The English section?simply test the candidates understanding to the language and his/her skills of reading & grammar understanding?which cover the topics of?comprehension, grammar, ?vocabulary, etc. which demands daily reading, learning of new words and thorough working on the grammar..


General Awareness

This is the SSC Tier-1 ‘s most ?crucial section which can be easily cleared?if a candidate is regular updated to the current affairs (national, international, sports, important dates, awards, books and authors) and make sure to study general awareness subjects- History, Geography, Political Science, Economics and General Science.



Make Career in Banking Sector


Banking Sector is the fastest growing sector FY2014-15 in India. With the efforts of Government of India and RBI, the foreign business players have started making huge investments in Indian Banking and Finance Sectors. As a result, it is expected that India will generate 10 million jobs through Banking sector by the year 2019.


The institutions who conducts all Banking and Finance Sector Exams in India:
1. IBPS:?IBPS is a supreme authority which conducts a CWE (Common Written Examination) for the selection of Officers and Clerks in Indian banks. IBPS stands for Institute of Banking Personnel Selection?which?provides a fine opportunity with a huge number of vacancies to the?aspirants of Indian National to have employment in all Public Sector Banks and Government Regional Rural banks in India except SBI. However, the CWE exams are conducted only once in a year for PO (Probation Officer) and Clerk level Exam thereafter.

2. SBI- India’s largest Commercial Bank with 200 years of glory, SBI conducts it’s exam separately for PO and Clerk level jobs.

3. RBI-As Central Bank of India, RBI recruits aspirants for various Posts throughout the year with limited vacancies.


1. Candidate must be?Graduate and have finished their Graduation on or before as per specified dates by IBPS PO latest Exam Notification. Therefore, and?mark sheet must have issue date within this.

2. The candidate must have age between 20-30 years with an exception to OBC of age between 20-33 years.

3. The SC ST and OBC candidates must ?avail valid caste certificate as per ?guidelines of Government of India.


Subject Total Questions Marks (Maximum)
Reasoning 50 50
English 40 40
Quantitative 50 50
General Awareness 40 40
Computer Knowledge 20 20
Total 200 200
Time Allotted 120 min (2 Hour)


Competition Gurukul?is a Premier and the Most Promising Coaching for?SSC, Banking and General Competitive Exam Preparation. We entirely focus on not just coaching but we endeavor to make student to achieve result for which they are joining our institute. We cater for training and preparing the candidates to solve 200 Questions in just 120 minutes (which is a very challenging and daunting task as a candidate get roughly one minute for each question viz. 120 minutes for 120 questions). Our coaching class program is designed to solve questions in few seconds just by looking at the problems. For this, we have highly trained and qualified teaching panel that teach candidates maximum tricks, tips and methodologies with sufficient practice through well designed test series and mock papers so that they could realize the best things out of themselves before going to Examination Hall. We believe you will definitely feel a difference once you join our institute.

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Apply for SSC Assam Rifles Examination 2015

ssc recruitmentSSC (Staff Selection Commission) has recently notified Recruitment Examination 2015 for the Constable (GD) Post in NIA,?SSF, &?CAPFs, ?and Rifleman (GD) through the Assam Rifles Examination. The interested aspirants who consider themselves eligible for the post must apply at the soonest on or before February 23, 2015. The dates for various important activities as conferred by SSC are as follows:
1.?Filling of Online Application ?: ?January 24, 2015
2.?Last Date for Online Filling of Application for Part-I ? : ??February 21, 2015
3.?Last Date for Online Filling of Application for Part-II ?: ??February 23, 2015
4.?Written Examination Date ?: ?October 4, 2014

The aspirants would be delighted to know that the number of vacancies declared for the post of Constable and Riflemen?are huge this time, that is of 62390 vacancies as compared to the past recruitment. Further, the pay scale is also very lucrative as of?Rs 5200-20200+Grade Pay Rs 2000.?If the aspirants are provided good coaching, they can easily crack ?the exam and can get the government?job of Constable and Riflemen.?

Competition Gurukul is?a premier coaching institute for SSC, Banking & General Competition Examination.?We provide quality coaching to the aspirants of various competitive examinations in Quantitative Aptitude (General Mathematics), English Language , Logical Reasoning &?General Intelligence, and General Awareness & Current Affairs. We assure?qualitative coaching with best results to the aspirants at very moderate fee.

You can visit our website? you can contact us at 011-65495934,?9015596280 ?to enroll in our coaching institute for the best results.

Detailed Notification

Visit the link Notification.pdf



Competition Gurukul Coaching Institute for SSC, Banking, Gov. Jobs Exams in Delhi

Competition Gurukul is impairing its training for the students preparing for General and Competition preparation for their Courses from IP Universities. Competition Gurukul is the only institute which provide the helps to the students of Polytechnic, Hotel management, BCA of various Universities & Polytechnics

?????????????????????????? Competition Gurukul also provides best in the class training for the students of SSC, Banking, PO Exams, Railway, Metro, Delhi Police & Others Entrance Exams.

?????????????????????? We also provide the interview tips & techniques for clearing the interviews for these Exams with Confidence so that come out with Success