RBI Policies Questions for TISSNET 2022 – Download PDF

Here you can download TISSNET 2022 RBI Policies [PDF] by Cracku. Very Important RBI Polices Questions for TISSNET 2022 based on asked questions in previous exam papers. These questions will help your TISSNET exam preparation. So kindly download the PDF for reference and do more practice.

Download RBI Policies Questions for TISSNET

Get 5 TISSNET mocks at just Rs.299

Download TISSNET previous papers PDF

Question 1: As per the new guidelines of RBI, if any ATM is out of cash for more than ten hours in a month, then a penalty of what amount will be imposed by RBI on it?

a) Rs. 5,000

b) Rs. 10,000

c) Rs. 25,000

d) Rs. 20,000

Question 2: Which of the following RBI’s governor’s tenure was the shortest?

a) Bimal Jalan

b) K R Puri

c) P C Bhattacharya

d) Amitabh Ghosh

e) Venkitaramanan

Question 3: Which of the following statements are true?
(i) Coins are issued by GOI(Government of India) under Section 6 of The Coinage Act 2011.
(ii) One rupee notes are issued by the RBI.
(iii) A mobile application named MANI was launched by the RBI for visually impaired people.

a) Only (i) and (ii)

b) Only (ii) and (iii)

c) Only (i) and (iii)

d) Only (ii)

e) Only (iii)

Question 4: MCLR was introduced by RBI on _____________.

a) 1st April 2015

b) 1st July 2012

c) 1st July 2014

d) 1st January 2011

e) 1st April 2016

Question 5: Which of the following is true?
(i) The head office of the RBI was moved from Calcutta to Mumbai in 1937.
(ii) RBI was established under RBI Act 1934.
(iii) RBI was nationalized in 1949.

a) Only (ii) and (iii)

b) Only (i) and (iii)

c) Only (i) and (ii)

d) Only (ii)

e) All (i), (ii) and (iii)

Download TISSNET Previous Papers PDF

Take TISSNET Mock Tests

Question 6: Which of the following statements are true?
(i) The full form of BSBDA is Basic Savings Bank Deposit Account.
(ii) RBI introduced BSBDA in 2012.
(iii) The minimum age to open an account under Pradhan Mantri Jan Dhan Yojana is 10 years.

a) Only (i) and (iii)

b) Only (i) and (ii)

c) Only (ii) and (iii)

d) Only (iii)

e) All (i), (ii) and (iii)

Question 7: How many sectors were identified by K.V. Kamath committee which was setup by RBI on restructuring of loans impacted by the Covid-19 pandemic?

a) 30

b) 32

c) 24

d) 26

e) 34

Question 8: RBI has a web based system named ‘PRISM’. In PRISM, what does ‘I’ stand for?

a) Internal

b) Integrated

c) Investment

d) Initial

e) Information

Question 9: Which of the following statements are definitely true?
(i) MANI app is used to authenticate a banknote whether it is genuine or fake.
(ii) Bank notes are printed at four currency pesses in India.
(iii) Highest denomination banknote printed by RBI is Rs.10000.

a) Only (i) and (iii)

b) Only (ii)

c) Only (i) and (ii)

d) Only (ii) and (iii)

e) Only (iii)

Question 10: BSR(Basic Statistical Return) code is provided by RBI to all the registered banks in India. This code has how many digits?

a) 5

b) 6

c) 9

d) 8

e) 7

Question 11: As per a World Gold Council (WGC) report that was released in January 2020, the Reserve Bank of India (RBI) was ranked ______ in terms of buying gold abroad among central banks of the world.

a) Tenth

b) Sixth

c) Seventh

d) Fifth

Question 12: RBI fined which bank for non-compliance with Reserve Bank of India (Interest rate on deposits) directions.

a) Deutsche bank

b) ICICI bank

c) SBI

d) HDFC

e) None of the above

Question 13: Recently, the licence of a bank in Maharashtra, has been cancelled by RBI due to inadequate capital and earning prospects. What is the name of that bank?

a) Dhanlaxmi Bank

b) Karad Janata Sahakari Bank

c) Shamrao Vithal Co-operative Bank

d) Vijaya Bank

e) Deutsche Bank

Question 14: Who has launched an asset restructuring web module aiming to help MSME borrowers benefit from RBI’s MSME restructuring guidelines.

a) SEBI

b) NABARD

c) RBI

d) SIDBI

e) None of the above

Question 15: What Percentage of branches of a particular bank has to be opened in rural areas as mandated by RBI?

a) 20%

b) 15%

c) 25%

d) 10%

e) 30%

Question 16: Who has launched an asset restructuring web module aiming to help MSME borrowers benefit from RBI’s MSME restructuring guidelines.

a) SEBI

b) NABARD

c) RBI

d) SIDBI

e) None of the above

Question 17: What Percentage of branches of a particular bank has to be opened in rural areas as mandated by RBI?

a) 20%

b) 15%

c) 25%

d) 10%

e) 30%

Question 18: The Reserve Bank of India (RBI) has cancelled the licence of which Maharashtra-based bank?

a) Vasantdada nagari sahakari bank

b) ICICI

c) Lakshmi vilas bank

d) KVB

e) HDFC

Question 19: Bank Rate is defined in which of the following sections of the RBI Act 1934?

a) 31

b) 123

c) 127

d) 49

e) None of the above

Question 20: Shaktikanta Das is the __ Governor of RBI.

a) 26th

b) 25th

c) 24th

d) 22nd

e) 23rd

Take TISSNET Mock Tests

Answers & Solutions:

1) Answer (B)

As per the new guidelines of RBI, if any ATM is out of cash for more than ten hours in a month, then a penalty of Rs. 10,000 will be imposed by RBI on it.
Hence, option b is the correct answer.

2) Answer (D)

Amitabh Ghosh’s tenure was the shortest as a RBI governor. He served for only 20 days.
Hence, option d is the correct answer.

3) Answer (C)

Here Only (i) and (iii) are true and statement (ii) is not true. Because we know that One rupee notes are issued by the GOI.
Hence, option c is the correct answer.

4) Answer (E)

MCLR(Marginal Cost of Funds based Lending Rate) was introduced by the RBI on 1st April 2016.
Hence, option e is the correct answer.

5) Answer (E)

All the given statements are true.
Hence, option e is the correct answer.

6) Answer (E)

All the given statements are true.
Hence, option e is the correct answer.

7) Answer (D)

26 sectors were identified by K.V. Kamath committee which was setup by RBI on restructuring of loans impacted by the Covid-19 pandemic.
Hence, option d is the correct answer.

8) Answer (B)

PRISM ⇒ Platform for Regulated Entities for Integrated Supervision and Monitoring
Hence, option b is the correct answer.

9) Answer (D)

Here statement (i) is not true. MANI app is not used to authenticate a banknote.
Hence, option d is the correct answer.

10) Answer (E)

BSR(Basic Statistical Return) code is provided by RBI to all the registered banks in India. This code has 7 digits. First three digits are for the bank and the last four digits are for branch.
Hence, option e is the correct answer.

11) Answer (B)

12) Answer (A)

RBI had imposed 2 crores fine on Deutsche Bank for non-compliance in the exercise of its power under the banking regulation act,1949.
It is a German multinational investment bank.

13) Answer (B)

The licence of The Karad Janata Sahakari Bank Ltd, Maharashtra, has been cancelled by RBI due to inadequate capital. Its headquarters was in Mumbai.

14) Answer (D)

SIDBI has launched an asset restructuring web module and Indian Bank has signed an agreement with SIDBI to use the module for MSME borrowers.

15) Answer (C)

At least 25 percent of the total number of ‘Banking Outlets’ opened during a financial year must be opened in unbanked rural centres (Tier 5 and Tier 6).

16) Answer (D)

SIDBI has launched an asset restructuring web module and Indian Bank has signed an agreement with SIDBI to use the module for MSME borrowers.

17) Answer (C)

At least 25 percent of the total number of ‘Banking Outlets’ opened during a financial year must be opened in unbanked rural centres (Tier 5 and Tier 6).

18) Answer (A)

Vasantdada nagari sahakari bank has failed to comply with the requirements of Section 11(1) read with Section 56 of BR Act and thus would be unable to pay its present depositors in full in its current financial position.

19) Answer (D)

Bank Rate is defined in section 49 of the RBI Act 1934.
Hence, option d is the correct answer.

20) Answer (B)

Shaktikanta Das is the 25th Governor of RBI.
Hence, option b is the correct answer.

Enroll to CAT 2022 Complete course

Download TISSNET Previous Papers PDF