Classical

Banking and Financial Institutions - Banking and Financial Institutions Questions Multiple Choice Questions

26:  

The first financial institution set up in India

A.

IDBI

B.

ICICI

C.

IRBI

D.

IFCI

 
 

Option: D

Explanation :

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27:  
In order to control credit and investment, the Central Bank of a country should
A.
Sell securities in the open market and hike the cash reserve ratio.
B.
Buy securities in the open market and lower the cash reserve ratio.
C.
Buy securities from the open market and hike the cash reserve ratio.
D.
Sell securities in the open market and lower the cash reserve ratio.
 
 

Option: A

Explanation :

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28:  
Which one of the following is not an instrument of credit control in the banking system?
A.

Open market operations

B.

Cash Reserve Ratio

C.

Tax rates

D.

All of the above

 
 

Option: C

Explanation :

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29:  
Which of the following is a measure of selective credit control
A.

Bank rate policy

B.

Statutory cash reserve ratio

C.

Open market operation

D.

None of the above

 
 

Option: D

Explanation :

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30:  
NABARD has taken over the entire functions of
A.

ARDC

B.

ACD of RBI 

C.

RPCD of RBI

D.

All of the above

 
 

Option: D

Explanation :

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