Economy

3 questions

• 2021 · Question 1 · Banking

  Consider the following statements : 1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government. 2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest. 3. The Governor of the RBI draws his power from the RBI Act. Which of the above statements are correct?

  Choose your answer

  (a)1 and 2 only(b)2 and 3 only(c)1 and 3 only(d)1, 2 and 3

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  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

• 2021 · Question 5 · Banking

  With reference to ‘Urban Cooperative Banks’ in India, consider the following statements : 1. They are supervised and regulated by local boards set up by the State Governments. 2. They can issue equity shares and preference shares. 3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966. Which of the statements given above is/are correct?

  Choose your answer

  (a)1 only(b)2 and 3 only(c)1 and 3 only(d)1, 2 and 3

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  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

• 2021 · Question 15 · Banking

  In India, the central bank’s function as the ‘lender of last resort’ usually refers to which of the following? 1. Lending to trade and industry bodies when they fail to borrow from other sources 2. Providing liquidity to the banks having a temporary crisis 3. Lending to governments to finance budgetary deficits Select the correct answer using the code given below.

  Choose your answer

  (a)1 and 2(b)2 only(c)2 and 3(d)3 only

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  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)