1.	Which of the following banks prints the currency notes in India ?
	NABARD
	ICICI Bank
	State Bank of India
	Reserve Bank of India
	Answer: Reserve Bank of India Explanation: Reserve Bank of India prints the currency notes in India.
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2.	Which of these Institutions fixes the repo rate and reverse repo rate in India ?
	Comptroller and Auditor General of India
	Ministry of Finance
	State Bank of India
	Reserve Bank of India
	Answer: Reserve Bank of India Explanation: Reserve Bank of India decides repo rate and reverse repo rate to control liquidity and inflation in the economy. 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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3.	Which central agency manages the public debt of the central and state government ?
	FICCI
	IRDA
	SEBI
	RBI
	Answer: RBI Explanation: The RBI manages public debt on behalf of the Central and the State Governments. Reserve Bank of India is known as the Banker’s bank. It is the bank from which the Government borrows during the time of deficit. RBI also has the responsibility to maintaining the monetary policies and currency printing throughout the India.
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4.	The percentage of deposits that a bank must keep as cash reserves with itself is known as _____ ?
	Liquidity Reserve Ratio
	Statutory Liquidity Ratio
	Capital Output Ratio
	Cash Reserve Ratio
	Answer: Cash Reserve Ratio Explanation: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the guidelines of the central bank of a country.
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5.	Which department is the nodal department for overseeing the public financial management system in the Central govt of India ?
	Department of Expenditure
	Department of Revenue
	Department of Financial Services
	Department of Economic Affairs
	Answer: Department of Expenditure Explanation: The Department of Expenditure is the nodal Department for overseeing the public financial management system in the Central Government and matters connected with State finances.
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6.	Which of the following is NOT a nationalised bank ?
	South Indian Bank
	Syndicate Bank
	Canara Bank
	Vijaya Bank
	Answer: South Indian Bank Explanation: South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 857 branches, 4 service branches, 54 ext. counters and 20 Regional Offices spread across more than 27 states and 3 union territories in India.
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7.	Cash Reserve Ratio (CRR) is calculated as a percentage of each bank’s __ ?
	rate of inflation
	net demand and time liabilities
	credit growth
	savings of customers
	Answer: net demand and time liabilities Explanation: Cash reserve Ratio (CRR) is the total fund that the banks have to keep with the RBI all the time. If the RBI decides to increase the CRR, the available liquidity of the market comes down. The RBI uses the CRR to drain out excessive money from the system.
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8.	In the context of International Banking transactions what is the full form of SWIFT ?
	Society for Wireless International Financial transactions
	Society for Worldwide Interbank Financial Telecommunications
	Society for Worldwide International Financial Telecommunication
	Society for Worldwide International Financial transactions
	Answer: Society for Worldwide Interbank Financial Telecommunications Explanation: SWIFT stands for Society for Worldwide Interbank Financial Telecommunications (SWIFT) system. A huge messaging network used by the banks and its other financial institutions for safe and secure transfer of the information related to the work of the bank.
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9.	With reference to Banking System of India, what does NEFT stand for ?
	National Equity Finance transactions
	National Equity Funds transactions
	National Electronic Finance Transfer
	National Electronic Fund Transfer
	Answer: National Electronic Fund Transfer Explanation: National Electronic Funds Transfer is an electronic funds Transfer system maintained by the Reserve Bank of India. Started in November 2005, the setup was established and maintained by the Institute for Development and Research in Banking Technology.
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10.	In India, Monetary policy is formed by ____ ?
	Central Government
	SBI
	Various Banks
	Reserve Bank of India
	Answer: Reserve Bank of India Explanation: The RBI implements the monetary policy in India . There are three main tools of monetary policies are reserve requirement, discount rate, and open market operation.
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