Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.

A

1, 2 and 3

B

2, 3 and 4

C

1, 2 and 4

D

1, 2, 3 and 4

The central banking functions in India are performed by the

I=Central Bank of India
II=Reserve Bank of India
III=State Bank of India
IV=Punjab National Bank

A

I, II

B

II

C

I

D

II, III

E

IV

Reserve Bank of India Act, 1934 prohibits RBI from making or issuing of an expressed to be payable to bearer there of?

A

cheque

B

bill of exchange

C

promissory note

D

demand draft

The amendment to Section 41 of Reserve Bank of India Act, 1934 was carried out of the purpose of:

A

RBI's decision to do away payment of interest on CRR balances

B

empowering NGOs involved in environmental protection

C

asking banks/financial institutions not to use coercive methods for recovery of loans

D

None of the above

The section 19 of the RBI Act, 1934 states that the Reserve Bank of India has been prohibited from:

A

making loans or advances

B

drawing or accepting bills payable otherwise than on demand

C

allowing interest on deposits or current accounts

D

all of the above

Which of the following statements are correct?
1. The Central Bank is usually control and quite often owned by the government of a country.
2. Export-Import Bank of India took over the export finance function of the IDBI.
3. Unit Bank has virtually one or two branches.
4. Citi Bank and ING Bank are universal banks.
Select the correct answer

A

Both 1 and 2

B

1, 2 and 4

C

1, 2 and 3

D

2, 3 and 4

Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures by Reserve of credit control are classified as

A

Quantitative methods

B

Qualitative methods

C

Both of the above

D

None of these

Under which Section of the Reserve Bank of India Act, the Reserve Bank has the sole right of note issue?

A

20

B

22

C

25

D

28

Assertion (A): Reserve Bank of India is an important regulatory and administrative authority to execute FEMA provisions.
Reason (R): Being monetary authority and custodian of foreign exchange, Reserve Bank of India enjoys requisite expertise of FEMA administration.
In the context of the above two statements, which one of the following option is correct?

A

Both (A) and (R) are correct and (R) is the right explanation of (A)

B

Both (A) and (R) are correct, but (R) is not the right explanation of (A)

C

Both (A) and (R) are incorrect

D

(A) is correct and (R) is not correct

Assertion (A) The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the Central and State Governments.
Reason (R) The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government.

A

(A) is correct, but (R) is not correct

B

(A) and (R) are correct, but (R) is not the right explanation of (A)

C

(A) and (R) both are correct and (R) is the right explanation of (A)

D

(A) and (R) both are not correct