Static Banking & Economy — CRR/SLR/Repo, Apex Bodies — Practice

Question 1

The headquarters of SIDBI is located in:
(a) Mumbai  (b) New Delhi  (c) Lucknow  (d) Hyderabad

Accepted Answer

SIDBI (Small Industries Development Bank of India) is headquartered in Lucknow.

Answer: (c) Lucknow.

Question 2

How many banks were nationalised in the first round in 1969?
(a) 6  (b) 8  (c) 14  (d) 20

Accepted Answer

14 banks were nationalised in 1969, with 6 more in 1980.

Answer: (c) 14.

Question 3

The statutory maximum of the SLR is:
(a) 20%  (b) 40%  (c) 25%  (d) There is no ceiling

Accepted Answer

SLR has a statutory maximum of 40%. (CRR, by contrast, has no statutory floor or ceiling since 2006.)

Answer: (b) 40%.

Question 4

'Broad money', the most commonly quoted measure of money supply, is:
(a) M1  (b) M2  (c) M3  (d) M4

Accepted Answer

M3 = M1 + time deposits is broad money.

Answer: (c) M3.

Question 5

Primary deficit equals:
(a) Fiscal deficit − interest payments  (b) Revenue exp − revenue receipts  (c) Total exp − total receipts  (d) Fiscal deficit + interest payments

Accepted Answer

Primary deficit = fiscal deficit − interest payments.

Answer: (a).

Question 6

'India's International Bank' is the tagline of:
(a) Bank of India  (b) Bank of Baroda  (c) Indian Overseas Bank  (d) Union Bank of India

Accepted Answer

'India's International Bank' is Bank of Baroda (HQ Vadodara).

Answer: (b) Bank of Baroda.

Practice — Static Banking & Economy — CRR/SLR/Repo, Apex Bodies

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