Insights Secure Prelims – 2015 (Experimental)

Which of the following are the functions of the Reserve Bank of India?
1. Manager of foreign exchange.
2. Issuer of currency notes except one rupee notes.
3. Banker’s bank.
4. Banker to the Government.

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Consider the following statements regarding the Reserve Bank of India:

1. RBI is a member bank of the Asian Clearing Union.
2. RBI represents the Government of India as the member of the IMF and the World Bank.

Which of the above statements are true?

Consider the following statements regarding the recently signed agreement between the RBI and the Central government on inflation targeting:

1. Under the agreement the Reserve Bank is committed to bringing inflation below 6% by January 2016.
2. Under the agreement, the RBI will be deemed to have missed its target if consumer inflation remains above the 6% level for three consecutive quarters during 2015-16.

Which of the above statements are true?

Loans to which of the following sectors come under the priority sector ambit of the RBI?

1. Agriculture
2. Micro and Small Enterprises
3. Housing
4. State sponsored organizations for Scheduled Castes/Scheduled Tribes
5. Loans to the software industry (having credit limit not exceeding Rs 1 crore from the banking system)

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Consider the following statements regarding the priority sector lending targets set by the RBI:

1. As per the RBI, local banks, both the public and private sectors have to lend 40 % of their net bank credit to the priority sector.
2. Even Foreign banks have to lend 40% of their NBC to the priority sector.
3. Under the specific targets within the priority sector, Domestic banks have to lend 18 % of NBC to agriculture and 10 % of the NBC has to be to the weaker section.

Which of the above statements are true?

Which of the following sectors constitute the core sector industries in India?
1) Coal.
2) Natural.
3) Cement.
4) Textiles.
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