UPSC 2012 › Indian Economy › Banking & Financial Sector

2 questions · 2012 · answers as per the UPSC key

Take test Free Study this topic: Money, Banking and Monetary Policy
All years of Banking & Financial Sector · Full UPSC 2012 paper
UPSC 2012 · Q75 · Indian Economy › Banking & Financial Sector · Save

The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following?

  1. Other banks retain their deposits with the RBI.
  2. The RBI lends funds to the commercial banks in times of need.
  3. The RBI advises the commercial banks on monetary matters.

Select the correct answer using the codes given below :

(a) 2 and 3 only
(b) 1 and 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (d) 1, 2 and 3
UPSC 2012 · Q80 · Indian Economy › Banking & Financial Sector · Save

The basic aim of Lead Bank Scheme is that

(a) big banks should try to open offices in each district
(b) there should be stiff competition among the various nationalized banks
(c) individual banks should adopt particular districts for intensive development
(d) all the banks should make intensive efforts to mobilize deposits
Show answer
Answer: (c) individual banks should adopt particular districts for intensive development