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Banking Awareness Quiz

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1. What is meant by Repo Rate?
1) At what rate of interest banks offer the funds to Reserve Bank of India.
2) At what rate of interest World Bank offer the funds to Central Government for not less than the period of 364 days.
3) At what rate of interest banks barrow the funds from Reserve Bank of India for short term.
4) At what rate of interest banks barrow the funds from the other banks for long term.
5) At what rate of interest central government barrow the funds from the other banks for long term.

2. Present Repo Rate is?
1) 8.00 percent
2) 8.25 percent
3) 6.25 percent
4) 9.00 percent
5) 23 percent

3. If the Repo Rate increases by Reserve Bank of India, rate of interest of the loans offered by the banks?
1) Decrease
2) Become Zero
3) Become 100 percent
4) Increase
5) None of above

4. To control Inflation?
1) RBI decreases the Repo Rate
2) RBI ask the Central Government to increase the Repo Rate
3) RBI cancels the option of Repo Rate
4) RBI declares Repo Rate as Zero Percent
5) RBI increases the Repo Rate

5. Reverse Repo Rate means?
1) the rate at which Reserve Bank of India (RBI) borrows money from Central Government.
2) the rate at which state governments borrows money from banks.
3) the rate at which Reserve Bank of India (RBI) borrows money from banks.
4) the rate at which Reserve Bank of India (RBI) borrows money from State Government.
5) the rate at which Reserve Bank of India (RBI) borrows money from World bank.

6. The present Reverse Repo Rate is?
1) 8.25 percent
2) 8.50 percent
3) 9.00 percent
4) 23.00 percent
5) 6.00 percent

 

ANSWER :-

1)3) At what rate of interest banks barrow the funds from Reserve Bank of India for short term.

2)3) 6.25 percent

3)3) Become 100 percent

4)5) RBI increases the Repo Rate

5)3) the rate at which Reserve Bank of India (RBI) borrows money from banks.

6)5) 6.00 percent

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