Podcast
Questions and Answers
What function does RBI perform when it extends banking services to semiurban and rural areas?
What function does RBI perform when it extends banking services to semiurban and rural areas?
- Demand deposits
- Credit creation
- Time deposits
- Promotional and developmental (correct)
Which type of deposit does RBI require all scheduled banks to maintain a certain minimum of cash reserves against?
Which type of deposit does RBI require all scheduled banks to maintain a certain minimum of cash reserves against?
- Ancillary deposits
- Special deposits
- Time deposits
- Demand deposits (correct)
In what capacity does RBI provide liquidity to banks experiencing financial difficulty?
In what capacity does RBI provide liquidity to banks experiencing financial difficulty?
- Foreign exchange custodian
- As a clearing house
- Lender of last resort (correct)
- Time deposits provider
What function of RBI involves ensuring the official rate of exchange of the rupee and stabilizing it?
What function of RBI involves ensuring the official rate of exchange of the rupee and stabilizing it?
What is possession utility?
What is possession utility?
Which type of utility is created due to a change in the shape or structure of an existing material?
Which type of utility is created due to a change in the shape or structure of an existing material?
What is the basis of demand according to the text?
What is the basis of demand according to the text?
When does service utility arise?
When does service utility arise?
Which type of bank came into existence with the enactment of the Co-operative Credit Societies Act of 1904?
Which type of bank came into existence with the enactment of the Co-operative Credit Societies Act of 1904?
What is the main purpose of development financial institutions diversifying their operations?
What is the main purpose of development financial institutions diversifying their operations?
What guidelines has the RBI issued for development financial institutions to become commercial banks?
What guidelines has the RBI issued for development financial institutions to become commercial banks?
Which group usually borrows money from money lenders, but has seen restrictions on money lending by RBI due to exploitative tendencies?
Which group usually borrows money from money lenders, but has seen restrictions on money lending by RBI due to exploitative tendencies?
