Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank
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(2) Ministry of Finance Explanation: Coins may be coined at the Mint for issue under the authority of the Central Government, (of such denominations not higher than one hundred rupees), such dimensions and designs, and of such metals or of mixed metals of such composition as the Central Government may. by notification in the official Gazette, determine.) Paper Currency in India consists of notes of various denominations which are issued by the RBI and the Government of India. The one rupee note is issued by the Ministry of Finance and bears the signature of the secretary. All currency notes are legal tender.
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Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Description : Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

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The Imperial Bank of India, after its nationalization came to be known as : (1) Reserve Bank of India (2) State Bank of India (3) United Bank of India (4) Indian Overseas bank

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The Imperial Bank of India, after its nationalisation came to be known as : (1) Reserve Bank of India (2) State Bank of India (3) United Bank of India (4) Indian Overseas Bank

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Last Answer :  State Bank of India

Who is the signatory on the Indian currency notes in denomination of two rupees and above? (1) Secretary, Reserve Bank of India (2) Finance Secretary, Minister of Finance (3) Governor, Reserve Bank of India (4) Finance Minister, Ministry of Finance

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The “Report on Currency and Finance” for each of the financial year in India is published by : (A) Reserve Bank of India (B) Ministry of Finance (C) Planning Commission (D) Central Statistical Organization

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Last Answer : Answer: A

With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited

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Money supply is governed by the - (1) Planning Commission (2) Finance Commission (3) Reserve Bank of India (4) Commercial Banks

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Last Answer : D. Payment and Settlement Systems Act (PSS Act), 2007 Explanation: The Overseas Principal should obtain necessary authorisation from the Department of Payment and Settlement Systems, Reserve Bank of India ... Payment and Settlement Systems Act (PSS Act), 2007 to commence/ operate a payment system.

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The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organi-sation) (4) None of these

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Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

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Scheduled Banks have to be registered with (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

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Last Answer : RBI

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Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks. A. 10 B. 11 C. 12 D. 13 E. None of the Above

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The setting up of the National Housing Bank (NHB), a fully owned subsidiary of the Reserve Bank of India in _____ as the apex institution marketed the beginning of emergence housing finance as a fund based financial services in India.(a) 1987, b) 1978, c)1988)

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Last Answer : c)1988)

One-rupee currency note in India bears the signature of (A) The President of India (B) Finance Minister of India (C) Governor, Reserve Bank of India (D) Finance Secretary of Government of India

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Star Union Dai-Ichi Life insurance is a life insurance joint venture between life insurer Dai-Ichi and which banks? A) Indian Overseas Bank and United Bank of India B) Bank of India and Union Bank C) Canara Bank and Bank of India D) Allahabad Bank and OBC Bank E) Union Bank and Bank of Baroda

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Last Answer : B) Bank of India and Union Bank Explanation: Star Union Dai-Ichi Life insurance = Japan‘s largest life insurer Dai-Ichi + Bank of India + Union Bank

Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI

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Last Answer : D) ICICI and Bank of Baroda Explanation: ICICI Bank has sold its whole six per cent stake in the company, while Bank of Baroda has sold its whole five per cent holding.

RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

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Which bank has launched USSD based mobile app for basic banking needs with NPCI A) United Bank of India B) Union Bank of India C) UCO Bank D) Indian Bank E) Indian Overseas Bank

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Description : Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the consolidated fund of India? (1) Finance Commission (2) Inter-State-Council (3) Union Ministry of Finance (4) Public Accounts Committee

Last Answer : (1) Finance Commission Explanation: Finance commission recommends the president on the principle that should govern the grants-in-aid to the states by the centre.

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Description : Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

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Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.

Regional Rural Banks arc sponsored by (1) Nationalized Commercial Bank (2) Reserve Bank of India (3) State Bank of India (4) Government of India

Description : Regional Rural Banks arc sponsored by (1) Nationalized Commercial Bank (2) Reserve Bank of India (3) State Bank of India (4) Government of India

Last Answer : (1) Nationalized Commercial Bank Explanation: The Narasimham committee conceptualized the foundation of regional rural banks in India. Five regional rural banks were set up on October 2. 1975. There ... Bank. United Bank of India and United Commercial Bank, which sponsored the regional rural banks.

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Description : Regional Rural Banks are sponsored by (1) Nationalised Commercial Bank (2) Reserve Bank of India (3) State Bank of India (4) Government of India

Last Answer :  Nationalised Commercial Bank

Banking Code & Standards Board of India(BCSBI) set up by ________ A. SEBI B. Ministry of Finance C. RBI D. GOI

Description : Banking Code & Standards Board of India(BCSBI) set up by ________ A. SEBI B. Ministry of Finance C. RBI D. GOI

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Which of the following has decided to block LPG subsidy and PAN of the tax defaulters? A) RBI B) SBI C) Income Tax Department D) Govt. of India E) Finance Ministry

Description : Which of the following has decided to block LPG subsidy and PAN of the tax defaulters? A) RBI B) SBI C) Income Tax Department D) Govt. of India E) Finance Ministry

Last Answer : C) Income Tax Department Explanation: Income Tax Department is set to block Permanent Account Number (PAN) of wilful defaulters and their LPG subsidy and take measures to ensure that they are not sanctioned loans.

Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : cheques

The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Description : The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Last Answer : (3) Reserve Bank of India Explanation: Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.

A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks

Description : A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks

Last Answer : (1) Cash in the vault Explanation: A commercial bank is a profitseeking business, dealing in money and credit. It is a financial institution dealing in money in the sense that it accepts deposits of ... received as the deposits to needy people. So it creates credit from the cash deposits with it.

Reserve Bank of India was nationalized in - (1) 1948 (2) 1947 (3) 1949 (4) 1950

Description : Reserve Bank of India was nationalized in - (1) 1948 (2) 1947 (3) 1949 (4) 1950

Last Answer : (3) 1949 Explanation: The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. All shares ... of a suitable compensation. The Reserve Bank of India (RBI) is India's central banking institution.

Reserve Bank of India was nationalised in (1) 1948 (2) 1947 (3) 1949 (4) 1950

Description : Reserve Bank of India was nationalised in (1) 1948 (2) 1947 (3) 1949 (4) 1950

Last Answer : 1949

The monetary policy is India is formulated by (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Description : The monetary policy is India is formulated by (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India 

Last Answer :  Reserve Bank of India

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Description : A commercial bank law creates credit only if it has (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) Cooperation of other banks 

Last Answer : Cash in the vault

Which one of the following committees is NOT a Standing Committee of the Parliament? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Consultative Committee to the Ministry of Finance

Description : Which one of the following committees is NOT a Standing Committee of the Parliament? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Consultative Committee to the Ministry of Finance

Last Answer : (4) Consultative Committee to the Ministry of Finance Explanation: Each House of Parliament has standing committees which are permanent and regular committees and are constituted from time to ... Financial Committees, DRSCs and some other Committees come under the category of Standing Committees.

National Sample Survey Organization(NSSO) is an organization under the ________ A. Ministry of Finance B. Ministry of Statistics C. Ministry of Commerce D. All (B) and (C) E. None of the Above

Description : National Sample Survey Organization(NSSO) is an organization under the ________ A. Ministry of Finance B. Ministry of Statistics C. Ministry of Commerce D. All (B) and (C) E. None of the Above

Last Answer : B. Ministry of Statistics Explanation: The National Sample Survey Organisation (NSSO), now known as National Sample Survey Office, is an organization under the Ministry of Statistics of the ... the largest organisation in India conducting regular socio-economic surveys. It was established in 1950.

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Description : Rural Infrastructure Development Fund (RIDF) was instituted by which of the following? a. NABARD b. RBI c. Finance Ministry d. Ministry of Home Affairs e. None of the above

Last Answer : a. NABARD

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Description : The stock verification in CSD can be done by a team which is determined by a. Head of circle b . Ministry of Finance c. Ministry of Communication

Last Answer : b . Ministry of Finance

Which of the following is an example of a government transfer payment? (a) Purchase of a new car for the Ministry of Finance ; (b) Funding of a clinic to provide free vaccinations. ; (c) Free food coupons issued to persons in an anti-poverty program. ; (d) Funding of a new bridge in an urban area

Description : Which of the following is an example of a government transfer payment? (a) Purchase of a new car for the Ministry of Finance ; (b) Funding of a clinic to provide free vaccinations. ; (c) Free food coupons issued to persons in an anti-poverty program. ; (d) Funding of a new bridge in an urban area

Last Answer : (c) Free food coupons issued to persons in an anti-poverty program. ;

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Description : If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should - (1) lower cash reserve ratio (2) raise discount rates (3) sell government securities (4) All of the above

Last Answer : (1) lower cash reserve ratio Explanation: When the Central Bank of a country intends to increase money supply, it should lower the Cash Reserve Ratio. A decrease in CRR helps the commercial banks to ... the amount of Bank deposits and they will lend more as they have more amount as their reserve.

5. An IOU of the Federal Reserve Bank of San Francisco to Bank of America is called: a. discounts b. federal funds c. reserves d. collateral

Description : 5. An IOU of the Federal Reserve Bank of San Francisco to Bank of America is called: a. discounts b. federal funds c. reserves d. collateral

Last Answer : c. reserves