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
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
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)?
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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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
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
SYLLABUS FOR SSC CGL EXAM 2015
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.
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.
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..
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.
SSC (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.?
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