Bank PO / Clerk / RBI
PO, Clerk, RRB — Quantitative, Reasoning, GK
Showing 491–494 of 494 questions
Q.491
Medium
If the Repo Rate is 6.5% and Reverse Repo Rate is 6.25%, which statement is true?
Correct Answer:
B. Banks earn more on lending than they pay on deposits
EXPLANATION
Repo Rate is higher than Reverse Repo Rate, so banks earn more when lending to the central bank versus borrowing
Q.492
Medium
What is the Base Rate set by RBI as of 2024?
Correct Answer:
D. RBI no longer uses Base Rate
EXPLANATION
RBI discontinued Base Rate framework in October 2019 and replaced it with repo rate-based monetary transmission
Q.493
Easy
A bank's Current Account balance shows a debit of ₹5,000. What does this indicate?
Correct Answer:
B. The account holder owes money to the bank
EXPLANATION
A debit in Current Account means the account holder is in overdraft and owes money to the bank
Q.494
Easy
If a bank offers 8% per annum simple interest on a savings account, what will be the total interest earned on ₹50,000 after 3 years?
Correct Answer:
A. ₹12,000
EXPLANATION
SI = (P × R × T)/100 = (50,000 × 8 × 3)/100 = ₹12,000