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Money & Banking
UPSC Economy • 10 questions • Free on ExamBattle
Practice Questions
Q1
The Reserve Bank of India was established in:
- A. 1947
- B. 1935
- C. 1921
- D. 1969
Q2
The primary function of the RBI is to:
- A. Lend to the public directly
- B. Regulate and supervise the financial system and conduct monetary policy
- C. Collect taxes
- D. Manage fiscal policy
Q3
Cash Reserve Ratio (CRR) is the percentage of deposits that banks must:
- A. Invest in government securities
- B. Keep with the RBI as liquid cash
- C. Lend to priority sectors
- D. Keep as capital
Q4
Statutory Liquidity Ratio (SLR) requires banks to maintain a certain portion of deposits in:
- A. Foreign currency
- B. Gold, cash, and government-approved securities
- C. Physical assets
- D. Corporate bonds only
Q5
When RBI increases the repo rate:
- A. Borrowing becomes cheaper
- B. Bank lending rates increase, reducing inflation (contractionary policy)
- C. Money supply increases
- D. Exports become cheaper
Q6
NABARD (National Bank for Agriculture and Rural Development) was established in:
- A. 1935
- B. 1982
- C. 1969
- D. 1991
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