Banking and financial awareness
- In which year was the Reserve Bank of India established? Answer: B. 1935 Answer: (B) 1935 The RBI was set up on 1 April 1935 under the RBI Act, 1934. It was nationalised on 1 January 1949; 1969 is... 1
- Where is the headquarters of the Securities and Exchange Board of India (SEBI)? Answer: B. Mumbai Answer: (B) Mumbai SEBI, the capital-market regulator (statutory body since 1992), has its head office in Mumbai. 1
- The rate at which the Reserve Bank of India lends short-term funds to commercial banks is called the: Answer: A. Repo rate Answer: (A) Repo rate Under repo, the RBI lends to banks against government securities. Under reverse repo, banks park... 1