41)

 The legal provisions governing the management of foreign exchange reserves are laid down in the Reserve Bank of India Act, ______.

SSC CHSL 2021

A)

1947

B)

1934

C)

1923

D)

1971

42)

What is the meaning of the term 'collateral' in the context of the banking system?

SSC CHSL 2021

A)

Collateral is an asset that the government provides to farmers.

B)

Collateral is an asset that a borrower owns and uses this as a guarantee to a lender until the loan is repaid.

C)

Collateral is an asset that a borrower took as a loan.

D)

Collateral is an asset of the government that is used for the protection of consumers.

43)

The total population per net cultivated area of a country refers to its _______.

SSC CHSL 2021

A)

Agricultural density

B)

livestock density

C)

population density

D)

physiological density

44)

In which of the following years did the Reserve Bank of India liberalise the licensing policy for Urban Co-operative Banks?

SSC CHSL 2021

A)

1993

B)

2001

C)

1995

D)

1998

45)

In which of the following years did the Government of India set up the Monetary Policy Committee?

SSC CHSL 2021

A)

2008

B)

2010

C)

2016

D)

2018

46)

Which of the following is an input device used to verify the legitimacy or originality of paper documents, especially cheques?

SSC CHSL 2021

A)

Electronic card reader

B)

Magnetic ink character recognition

C)

Non-impact printer

D)

Optical mark reader

47)

Which of the following is the correct definition of bank rate?

SSC CHSL 2021

A)

It is the rate of interest payable by commercial banks to RBI.

B)

It is the rate of interest payable by a scheduled bank at which RBI lends overnight.

C)

It is the rate of interest payable by RBI to commercial banks.

D)

It is the rate of interest payable by a consumer to commercial banks.

48)

The total liability of the monetary authority of the country, Reserve Bank of India, is called:

SSC CHSL 2021

A)

Grey money

B)

Cold cash

C)

High powered money

D)

Hot money

49)

The mutual funds industry in India is regulated by which of the following organisations?

SSC CHSL 2021

A)

IRDA and IFCI

B)

SEBI and RBI

C)

NITI Aayog and IIFCL

D)

Ministry of Commerce and SIDBI

50)

 Economic exchanges without the mediation of money are referred to as ______ exchanges.

SSC Selection Post Matric 2022

A)

 barter

B)

 banking

C)

 revenue

D)

 mutual