Home Subjects Bank PO / Clerk / RBI General Awareness

Bank PO / Clerk / RBI
General Awareness

PO, Clerk, RRB — Quantitative, Reasoning, GK

53 Q 3 Topics Take Mock Test
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Difficulty: All Easy Medium Hard 51–53 of 53
Topics in Bank PO / Clerk / RBI
Which bank is the 'Banker to the Government' of India?
A State Bank of India
B Reserve Bank of India
C HDFC Bank
D ICICI Bank
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.

Test
What is the current repo rate set by RBI as of 2024?
A 5.5%
B 6.5%
C 4.5%
D 7.0%
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.

Test
Which of the following is NOT a function of the Reserve Bank of India?
A Issuing currency notes
B Managing foreign exchange reserves
C Direct lending to retail customers
D Implementing monetary policy
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.

Test
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