1. What is the share of Sponsor Banks in the Regional Rural Banks?
Correct : D. 35%
2. What is the share of Sponsor Banks in the Regional Rural Banks?
Correct : B. Prathama Bank
3. RRBs were set up on
Correct : A. 1975
4. The total authorized capital of RRBs was originally fixed at Rs 1 crore which has since has been raised
to…………..
Correct : C. Rs 5 crore
5. The main resources of RRBs are
Correct : D. All of the above
6. RRBs are owned by
Correct : D. Jointly by all of the above
7. The number of directors on the boards of RRBs has been raised to
Correct : B. 15
8. Regional Rural bank are empowered to transact the business of banking as defined under
Correct : A. Banking Regulation Act,1949
9. RRBs are managed by
Correct : B. a board of director
10. All RRBs are required to maintain their entire SLR in
Correct : A. Govt. & other approved securities
11. For the purpose of Income Tax Act, 1961 , the RRBs are treated as
Correct : D. Co-operative banks
12. NABARD stands for:
Correct : C. National Bank for Agriculture and Rural Development
13. 'NABARD' came into existence on:
Correct : C. 12th July, 1982
14. 'NABARD' was dedicated to which among the following Prime Ministers:
Correct : B. Indira Gandhi
15. NABARD was set up with an initial capital of ______:
Correct : B. Rs. 100 Crore
16. Headquarter of 'NABARD' is located at:
Correct : B. Mumbai, Maharashtra
17. NABARD was established on the recommendations of :
Correct : A. Shivaraman Committee
18. ________ is the apex institution in the country which looks after the development of the cottage
industry, small industries, village industries and other rural industries:
Correct : A. NABARD
19. NABARD was set up essentially as a development bank for promoting:
Correct : C. Both of The Above
20. The main function of NABARD is to provide refinance for rural credit disburse by the_______and other
financial institutions as may be approved by the Reserve Bank of India:
Correct : C. State Co-operative Banks and The Regional Rural Banks
21. Which among the following functions of NABARD is incorrect:
Correct : D. None of The Above
22. CSR stands for:
Correct : B. Corporate Social Responsibility
23. Which among the following is considered as 100% CSR company:
Correct : B. NABARD
24. ARDC stands for:
Correct : A. Agriculture Refinance and Development Corporation
25. Co-operative banks are regulated by the Reserve Bank of India under which act?
Correct : D. Both (A) and (B)
26. Co-operative banks which work at a metropolitan level are called as?
Correct : C. Primary Urban Co-operative Bank
27. Which one of the apex bodies regulates the cooperative banks in India?
Correct : B. RBI
28. All banks registered under the ___________ are considered co-operative banks.
Correct : C. Cooperative Societies Act, 1912
29. Who manages the registration and management activities of Urban co-operative banks in India?
Correct : C. RCS
30. Which of these are at the lowest rung of Rural Cooperative banking structure in India?
Correct : C. Primary Agricultural Credit Societies
31. When was the first law, regulating the working of cooperative societies, was promulgated by British
India Government?
Correct : B. 1904
32. Where was the first society under Cooperative Societies Act 1904 registered in India?
Correct : B. Kanjipoorum
33. Who regulates the functioning of District Cooperative Banks in India?
Correct : B. RBI
34. Which of these committees was formed in 1915 to review the performance of cooperative societies
and suggest measures for strengthening them?
Correct : B. Maclagan Committee
35. Which of these committees in 1945 recommended the setting up of a Cooperative Training College in
every state?
Correct : A. Saraiya Committee
36. Which was the first Cooperative Bank established in India?
Correct : C. Anyonya Co-operative Bank Limited
37. Which of these is a Cooperative Bank in India?
Correct : D. All of the above
38. Which is the largest cooperative bank of India presently?
Correct : A. Saraswat Bank
39. The members of a Co-operative Society have ______________ liability.
Correct : B. Limited
40. The President of a Co-operative Society is
Correct : B. Officer
41. Which of the following organizational structure is followed by Co-operatives in India?
Correct : A. Federal Structure
42. Interest Rate of Deposits of a Co-operative Credit Societies are fixed by
Correct : C. Registrar
43. The Rules and Regulations of a Co-operative Society is formed in its
Correct : C. Co-operative Act
44. The binding up of a co-operative Society means
Correct : A. Liquidation
45. Co-operative societies with area of operation more than two states is registered by
Correct : B. Central Registrar
46. Admission of members and allocation of shares in a Co-operative Society is the duty of
Correct : A. Managing committee
47. An important document for the membership in a Co-operative Society is
Correct : C. Identity card
48. __________ is based on the principle of self-help through mutual help, abolition of profits and service
above self help.
Correct : C. co-operation
49. DCCBs
Correct : A. District Central Cooperative Banks
50. The Reserve Bank of India was established on _______.
Correct : A. April 1, 1935
51. Which among the following is incorrect?
Correct : D. RBI does not regulate the flow of credit
52. RBI provides the Ways and Means Advances to whom?
Correct : B. State Government
53. Who was the first Indian Governor of RBI?
Correct : D. Sir C.D. Deshmukh
54. Which is not a function of RBI?
Correct : C. Assuming the responsibility of the statistical analysis of data related to macro economy of India
55. Which of the following statements is/are not true about RBI?
Correct : D. RBI does not regulate the credit flow.
56. The Government picked up the entire Share of SBI held by the RBI according to which of the following
guidelines?
Correct : B. SEBI
57. Which of the following Governors of RBI also served as the Finance Minister of India?
Correct : D. Dr. Manmohan Singh
58. In which of the following cities, the regional headquarters of RBI is not situated?
Correct : C. Bengaluru
59. Which among the following would not help RBI to control the inflation in the country?
Correct : C. Purchase of securities in open market
60. How many zonal training centers of RBI are there in India?
Correct : C. 4
61. In which year the nationalization of RBI was occurred?
Correct : B. 1949
62. The logo of RBI consists of which animal?
Correct : B. Panther
63. In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay)?
Correct : B. 1937
64. Who was the first Governor of RBI?
Correct : D. Sir Osborne Smith
65. Which statement is not true regarding RBI?
Correct : D. Personal account can be opened in RBI.
66. Which of the following is/ are the Quantitative Instrument of RBI?
Correct : D. All of these
67. RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise, 10
paise, 20 paise and 25 paise in which year?
Correct : B. 2011
68. Which of the following coins is not issued by the RBI?
Correct : A. Re. 1
69. According to which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to its
holder?
Correct : C. Section 26
70. Which of the following factors is/ are considered by the RBI to determine the number of notes to be
issued by it?
Correct : D. All of these
71. When did the Government appoint for transfer of stake?
Correct : A. 29 June
72. India is a member of the International Monetary Fund since _____.
Correct : C. 1947
73. Who works as RBI's agent at places where it has no office of its own?
Correct : A. State Bank of India
74. Who mints the coins in India?
Correct : A. Ministry of Finance
75. RBI known as lender of last resort because:
Correct : C. It comes to help banks in times of crisis
76. What does Deficit financing mean?
Correct : D. Government of India borrows from RBI
77. Which is incorrect with regard to powers of RBI:
Correct : D. None of the above
78. Which of the following term is not used in the Formation of Monetary Policy?
Correct : D. Blue chip
79. Which of the following sentence is not correct?
Correct : A. RBI was nationalized on January 1, 1935.
80. M Narasimham headed
Correct : D. All of the above
81. Narasimham Committee was appointed on…………
Correct : D. Banking reforms
82. What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks by
the year 2000?
Correct : B. 9%
83. What was the maximum limit of Statutory Liquidity Ratio had Narasimham Committee recommended?
Correct : A. 25%
84. Who is the custodian of monetary reserves in India?
Correct : D. RBI
85. Regional Rural Banks were set up on the recommendations of:
Correct : B. Narasimham committee
86. Which of the following can be categories as a Merchant Banking service?
Correct : A. Consultancy on finance to a company
87. In India, forex rates are determined by:
Correct : D. Demand and supply forces
88. Committee, launched the process of reforms of financial system in India:
Correct : C. Narasimham committee
89. Which of the following can be categories as a Merchant Banking service?
Correct : D. All the above
90. The instrument which provides proprietary interest in company and which entitles a person to
dividend on profits, is called?
Correct : B. Share
91. Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture
credit in India?
Correct : A. NABARD
92. What is NOT a mechanism that contributes to the success of micro-credits?
Correct : A. Collaterals
93. What does the microfinance model NOT predict?
Correct : C. Self-selection of best borrowers
94. Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is
extended to the poor through which of the following?
Correct : A. Self Help Groups
95. Which of the following are loans of very small amounts given to low income groups or poor household?
Correct : C. Micro Credit
96. Loans to poor people by banks have many limitations including lack of security and high operating cost.
So to help them which type of finance system developed?
Correct : B. Micro finance System
97. Which of the following statements related to Micro Finance System is wrong?
Correct : D. None is wrong
98. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as: