2010 RBI Placement Paper, Mumbai
- Sub CategoryPlacement Papers
- Posted date on our Website01 February 2011
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2011 RBI Placement Paper:-
1. In which type of account, banks generally don’t pay interest—
(A) Saving Account
(B) Current Account
(C) Fixed Deposit Account
(D) Interest is always payable in all types of account
2. A bank standing order would be suitable for paying—
(A) Telephone accounts
(B) Electricity accounts
(C) Grocery bills
(D) Mortgage repayments
3. Payment of a cheque cannot be made on a cash counter of bank if the cheque is—
(D) All of these
4. Which of the following is not Commercial Bank ?
(A) Reserve Bank of India
(B) State Bank of India
(C) Canra Bank
(D) Oriental Bank of Commerce
5. What is the Bank draft ?
(A) Letter from the Bank
(B) Cheque which a bank draws on itself
(C) Instraction to a banker to collect a customer’s debt
(D) Instruction not to honour a stop payment
6. The essential characteristic of whatever serves as money is that it must—
(A) Be issued by the State
(B) Be generally acceptable
(C) Not be wholly fiduciary
(D) Have some instrinsic value
7. One of the following is not an example of Near-Money, which ?
(A) Bill of Exchange
(B) Bonds and Debentures
(C) Equity shares of Ranbaxy Company Ltd.
(D) Treasury bills of the Government of India
8. ‘Fiat Money’ is that which is—
(A) Accepted by overseas banks only
(B) Accepted temporarily in lieu of gold
(C) Backed by gold or silver
(D) Decreed as money by the government
9. Money is—
(A) Acceptable only when it has intrinsic value
(B) Constant in purchasing power
(C) The most liquid of all assets
(D) All of the above
10. Greshan’s law states that—
(A) Bad money promotes good money in the system
(B) Bad money drives good money out of circulation
(C) Good money drives bad money out of circulation
(D) Good money promotes bad money in the system
11. Value of Money—
(A) Is independent of the price level
(B) Is directly related to the price level
(C) Is inversely related to the price level
(D) None of the above
12. Demand pull inflation can be caused by money factors including—
(A) A fall in consumption expenditure
(B) A sharp increase in unemployment
(C) A steep reduction in direct taxation
(D) An increase in Income Tax
13. The process of deplation tends to favour—
(A) Debtor and Creditiors a like
(B) Debtor at the expense of Creditors
(C) Creditors at the expense of Debtors
(D) Profit receivers at the expense of fixed income receivers
14. Which of the following statement is not completely true ?
(A) An increase in the supply of money will result in inflation
(B) Cost inflation occurs when prices rise to cover increased factor costs
(C) Inflation occurs when the value of money declines
(D) Inflation will have the effect of redistributing incomes within a country
15. Which of the following people is most likely to benefit from an inflationary situation ?
(A) A person who buys units from the Unit Trust
(B) A person who keeps his savings under the floor at home
(C) A person makes a large private loan to a friend
(D) A person who takes out a mortgage with a building society
16. The principal liability of a Joint Stock Bank relates to—
(A) Its investment abroad
(B) Its investment at home
(C) Repayment of its customer’s deposits
(D) Its requirements to make special deposits when requested
17. Which of the following is not a function of the Commercial Banks ?
(A) Acting as a lender of last resort
(B) Lending to the private and public sectors
(C) The provision of a cheque system for setting debts
(D) The provision of safe deposit facilities
18. When the Commercial Bank create credit areas which are in effect and increases—
(A) The national debt
(B) The supply of money
(C) The purchasing power of the rupee
(D) The real wealth of the country
19. A customer does not require a bank account to obtain—
(A) A Loan
(B) A Cheque Card
(C) A Banker’s Draft
(D) An Overdraft
20. Which of the following is not a liability of Commercial Banks—
(A) Security Holdings
(B) Treasury deposit at banks
(C) Demand deposits and time deposits
(D) Borrowing from Central Bank
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
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Life with the RBI is not just another career. It's a commitment. Commitment to serve the nation, where your decisions make an impact on the way the economy and the financial sector in the country evolves.
In RBI you get an opportunity to diversify your skills. You can move between departments and work on areas from formulation of monetary policy to dealings and trading in forex and government bonds, managing public debt and bank accounts to facilitating exchange remittances by residents and non residents, regulating and supervising 34,000 financial entities, spearheading technology within the RBI or in the financial system and even training and researching for self-development.
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