#RBI

Balance of Payments 1

Which of the following is not true in regard to the exchange rate of Indian Rupee ?

It is decided by Reserve Bank BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Balance of Payments 1

Which of the following foreign currecny exchange rate methodology is followed in India?

Managed Exchange Rate Regime BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Money and Banking 2

Repo-Rate is the rate at which RBI lends money to commercial Banks for ______.

Short period money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 2

Directions For Questions Read the following case study and answer the question The Central Bank of India i.e. Reserve Ba

Commercial Bank money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 2

Which of the following systems is followed by Reserve Bank of India for issuing currency?

Minimum reserve system money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 2

India legal reserve ratio is set by the commercial banks.

False money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

In the present COVID 19 times, many economists have raised their concerns that Indian economy may have to face a deflati

Release money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

If RBI reduces the cash reserve ratio, what will happen to the credit creation ?

It will increase. money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

RBI was nationalized in the year______.

1949 money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

The minimum percentage of deposits that needs to be maintained by commercial banks in the form of liquid assets, cash, g

Statutory Liquidity Ratio money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

Who is the chairperson of the Monetary Policy Committee of RBI?

Reserve Bank Governor money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

Which of the following rates are not decided by RBI?

Commercial paper Rate money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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