Classical

June 2015 - Paper 2

41:  

In 1992, the banking sector reforms were introduced as per:

A.

C. Rangarajan Committee Report

B.

M. Narasimham Committee Report

C.

Suresh Tandulkar Committee Report

D.

Sukhamoy Chakrabarty Committee Report

 
 

Option: B

Explanation :

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42:  

For the purpose of extending rural banking and agro finance, the NABARD:

A.

Directly lends and monitors the rural borrowers

B.

Refinances the banks extending rural finance

C.

Refinances the rural borrowers obtaining credit from banks

D.

Directly finances the rural borrowers and gets refinance from government

 
 

Option: B

Explanation :

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43:  

When RBI grants loan to commercial banks and charges interest on it, it is called:

A.

Rapo rate 

B.

Reverse Rapo rate

C.

Sweep stack rate, basic rate 

D.

Bank rate

 
 

Option: A

Explanation :

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44:  

E-banking business is essentially regulated by the Information Technology Act, 2000, under which personal signature is replaced by:

A.

Encrypted signature

B.

Image signature

C.

Digital signature 

D.

Online signature

 
 

Option: C

Explanation :

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45:  

In order to control inflation and ensure stability in money market:

A.

The RBI works under the direction of ministry of finance, government of India.

B.

The RBI acts independently and can refuse the government directive

C.

The RBI acts under the board of directors.

D.

The RBI's board of governors shall abide by the government directive.

 
 

Option: B

Explanation :

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