1.	What is the full form of NPCI which is an umbrella organisation for all retail payments systems in India ?
	National Payments Corporation of India
	Non-cash Payments Corporation of India
	Non-cash Payments Cooperative Inc
	Net Payments Company Inc.
	Answer: National Payments Corporation of India Explanation: The National Payments Corporation of India is an umbrella organisation for operating retail payments and settlement systems in India.
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2.	Which of the following is the apex banking institution of India that regulates the monetary policy ?
	Reserve Bank of India
	Axis Bank
	State Bank of India
	Bank of India
	Answer: Reserve Bank of India Explanation: Reserve Bank of India is the apex banking institution of India that regulates the monetary policy.
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3.	Which of the following is NOT a Navratna Company ?
	Bharat Electronics Limited
	Rashtriya Ispat Nigam Limited
	Hindustan Petroleum Corporation Limited
	Steel Authority of India Limited
	Answer: Steel Authority of India Limited Explanation: Steel Authority of India Limited (SAIL) is the largest steel-making company in India and one of the seven Maharatnas of the country’s Central Public Sector Enterprises.
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4.	Which of the following is NOT a nationalised bank ?
	United Bank of India
	State Bank of India
	Punjab National Bank
	Punjab and Sind Bank
	Answer: State Bank of India Explanation: SBI is not a nationalized bank. It is a PUBLIC SECTOR BANK. There are a total of 12 Public Sector Banks alongside 1 state-owned Payments Bank in India.
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5.	Under Banking Regulation Act, 1934, The Reserve Bank was established in 1935 with the capital of Rs. _____ ?
	5 crore
	4 crore
	3 crore
	2 crore
	Answer: 5 crore Explanation: The Reserve Bank of India was established on April 1, 1935bt the Reserve Bank of India Act, 1934 with a share capital of Rs. 5 crores on the recommendation of Hilton Young Commission.
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6.	If RBI increases Repo Rate, then what may be its impact on the Indian Economy ?
	Inflation will reduce
	Inflation will increase
	Reverse Repo Rate will decrease
	Credit will be cheaper
	Answer: Inflation will reduce Explanation: If the repo rate is increased then the commercial bank will not take borrow from the RBI thus the liquidity of the market will go down resulting in the increase of the inflation.
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7.	Who decides repo rate, reverse repo rate and bank rate ?
	SEBI
	NABARD
	Reserve Bank of India
	SBI
	Answer: Reserve Bank of India Explanation: The monetary policies are regulated by the Reserve bank of India. These policies include Repo rate, Reverse Repo rate, Bank Rate. by these rates RBI use to maintain the flow of the liquidity in the market.
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8.	On which rate does the Reserve Bank of India provide loSol to the commercial banks ?
	Repo Rate
	Reverse Repo Rate
	Penalty Rate
	Bank Rate
	Answer: Bank Rate Explanation: A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loS ol. Managing the bank rate is a method by which central banks affect economic activity.
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9.	Which of the following bodies is primarily concerned with maintaining the integrity of the international financial system ?
	IMF
	AIIB
	FATF
	ADB
	Answer: FATF Explanation: The Financial Action Task Force (FATF) i s primarily concerned with maintaining the integrity of the international financial system. T he Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society.
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10.	In which year was the Reserve Bank of India established ?
	1925
	1935
	1939
	1945
	Answer: 1935 Explanation: The Reserve Bank of India is India's central bank, which controls the issue and supply of the Indian rupee. It was established on 1 April,1935 under the RBI act, 1934.
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