Banking & Insurance - General, Financial & Banking Awareness

Economic Survey, Budget & National Affairs question bank (Current Affairs & Economic Overview)

Practice 67 free Banking & Insurance - General, Financial & Banking Awareness Current Affairs & Economic Overview - Economic Survey, Budget & National Affairs questions with answers and step-by-step solutions.

Q1.

Banking Awareness: What is the primary function or statutory mandate of 'Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations'?

(A)
Official regulatory mandate under the RBI Act 1934 or Banking Regulation Act 1949 (Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations)
(B)
Unregulated commercial speculation
(C)
Fictitious financial authority
(D)
None of these
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Q2.

Monetary Policy Instruments: In 'Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations', the rate at which the Reserve Bank of India lends short-term funds to commercial banks against government collateral is:

(A)
Repo Rate (Repurchase Option Rate) (Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations)
(B)
Reverse Repo Rate
(C)
Bank Rate
(D)
Standing Deposit Facility (SDF)
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