0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
TOTAL QUESTION: 05
TOTAL TIME= 05 MIN
You have already completed the Test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the Test.
You have to finish following quiz, to start this Test:
Your results are here!! for" Bank Rate "
0 of 5 questions answered correctly
Your time:
Time has elapsed
Your Final Score is : 0
You have attempted : 0
Number of Correct Questions : 0 and scored 0
Number of Incorrect Questions : 0 and Negative marks 0
-
Not categorized
You have attempted: 0
Number of Correct Questions: 0 and scored 0
Number of Incorrect Questions: 0 and Negative marks 0
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
According to Section 49 of the RBI Act, 1934, what is the Bank Rate?
Correct
Section 49 defines the Bank Rate as the standard rate at which RBI is prepared to buy or rediscount eligible bills of exchange or other commercial papers.
Incorrect
Section 49 defines the Bank Rate as the standard rate at which RBI is prepared to buy or rediscount eligible bills of exchange or other commercial papers.
Unattempted
Section 49 defines the Bank Rate as the standard rate at which RBI is prepared to buy or rediscount eligible bills of exchange or other commercial papers.
-
Question 2 of 5
2. Question
According to the provided content, the Bank Rate is mainly associated with which type of borrowing?
Correct
The provided content describes the Bank Rate as being associated with long-term borrowing by commercial banks from RBI.
Incorrect
The provided content describes the Bank Rate as being associated with long-term borrowing by commercial banks from RBI.
Unattempted
The provided content describes the Bank Rate as being associated with long-term borrowing by commercial banks from RBI.
-
Question 3 of 5
3. Question
According to the provided content, what is required as collateral when RBI lends to commercial banks at the Bank Rate?
Correct
The provided content states that RBI lends money at the Bank Rate without requiring collateral.
Incorrect
The provided content states that RBI lends money at the Bank Rate without requiring collateral.
Unattempted
The provided content states that RBI lends money at the Bank Rate without requiring collateral.
-
Question 4 of 5
4. Question
What is the likely effect of an increase in the Bank Rate on commercial banks?
Correct
A higher Bank Rate makes borrowing from RBI more expensive, which can discourage excessive credit flow.
Incorrect
A higher Bank Rate makes borrowing from RBI more expensive, which can discourage excessive credit flow.
Unattempted
A higher Bank Rate makes borrowing from RBI more expensive, which can discourage excessive credit flow.
-
Question 5 of 5
5. Question
According to the provided content, what penalty is charged above the Bank Rate when a bank fails to meet CRR or SLR requirements?
Correct
The provided content states that the penalty is 300 basis points, or 3%, above the Bank Rate.
Incorrect
The provided content states that the penalty is 300 basis points, or 3%, above the Bank Rate.
Unattempted
The provided content states that the penalty is 300 basis points, or 3%, above the Bank Rate.