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IBPS Clerk RBI Basics — practice questions — page 3

Explore 65 free RBI Basics questions in IBPS Clerk Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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RBI Basics questions and exercises with answers

Showing questions 61–65 of 65.

Is it inside the Bank or outside it?Read the answer and worked solution →Fill the gaps on the Reserve BankRead the answer and worked solution →Order how a note series is withdrawnRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →

Worked practice questions

Is it inside the Bank or outside it?

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Left
Inside
Items
  1. Item
    Central Board
    Answer
    Inside
  2. Item
    Local Boards
    Answer
    Inside
  3. Item
    Issue Department
    Answer
    Inside
  4. Item
    Governor
    Answer
    Inside
  5. Item
    Central Govt
    Answer
    Outside
  6. Item
    Gazette notice
    Answer
    Outside
  7. Item
    Three MPC picks
    Answer
    Outside
Right
Outside
Instructions
Swipe left for Inside, right for Outside.
_Source: The Reserve Bank of India Act, 1934 (India Code)_

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Fill the gaps on the Reserve Bank

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Missing parts
  1. Answer
    five crores
    Choices
    1. five crores
    2. ten crores
    3. one crore
  2. Answer
    bank notes
    Choices
    1. bank notes
    2. bank drafts
    3. bank bonds
  3. Answer
    five years
    Choices
    1. five years
    2. one year
    3. ten years
  4. Answer
    binding
    Choices
    1. binding
    2. advisory
    3. optional
Complete the statement
The Bank's capital is {0}. It has the sole right to issue {1}. The inflation target is set every {2}. The MPC decision is {3} on the Bank.
Instructions
Tap a phrase to drop it into the empty slot.
_Source: The Reserve Bank of India Act, 1934 (India Code)_

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Order how a note series is withdrawn

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Steps
  1. Central Board makes a recommendation
  2. Central Government considers it
  3. A notification is drawn up
  4. It appears in the Gazette of India
  5. The series ceases to be legal tender
Instructions
Tap the steps in the order they happen.
_Source: The Reserve Bank of India Act, 1934 (India Code)_

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More Banking Awareness topics

NPA & RecoveryBanker-Customer RelationshipNegotiable Instruments ActRBI Act & BR ActBasel Norms & CapitalFinancial InstitutionsDeposit InsuranceMoney, Banking and Credit