Govt. Exams
Entrance Exams
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Topics in Bank PO / Clerk / RBI
Which bank is the 'Banker to the Government' of India?
Correct Answer:
B. Reserve Bank of India
EXPLANATION
RBI serves as the Banker to the Government of India, managing government accounts, treasury operations, and public debt.
What is the current repo rate set by RBI as of 2024?
Correct Answer:
B. 6.5%
EXPLANATION
As per RBI's latest monetary policy in 2024, the repo rate stands at 6.5%. This is the rate at which RBI lends to commercial banks.
Which of the following is NOT a function of the Reserve Bank of India?
Correct Answer:
C. Direct lending to retail customers
EXPLANATION
RBI does not directly lend to retail customers. Its primary functions include currency issuance, forex management, and monetary policy implementation through banking channels.