31)

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.

32)

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

33)

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