FUNCTIONS OF RBI Flashcards
LIST THE FUNCTIONS OF RBI
- Monetary Management/Authority
- Regulation and Supervision of the Banking and Non-Banking Financial Institutions
- Regulation of Foreign Exchange Market, Govt. Securities Market and Money Market
- Management of Foreign Exchange Reserves
- Current Account and Capital Account managemen
- Banker to Central and State governments
- Debt Manager of Central and State governments
- Banker to Banks
- Issuer of Currency
- . Oversight of payment and settlement system
- Developmental Role
- POLICY RESEARCH
LIST THE DEVELOPMENTAL ROLE OF RBI
- LEAD BANK
- PRIORITY SECTOR LENDING
- KISAN CREDIT CARD
ON WHICH COMMISISON RECCOMENDATION RBI WAS SET UP?
HILTON YOUNG
WHEN WAS RBI NATIONALISED
1949
NAME
SOME INSTITUTIONS RBI WAS INTRUMENTABLE IN ESTABLISHINGH
WHEN RBI FOCUS SHIFTED FROM AGRICULTURE TO CORE BANKING
LPG REFORMS
OBJECTIVES OF RBI
WHAT IS THE ANOTHER NAME OF RBI
MONETARY AUTHORITY OF INDIA
HOW RBI AFFAIRS ARE GOVERNED ?
RBI LICENSE APPROVAL FOR COMMERCIAL BANK (URBAN BRANCH)
NO LICENSE REQUIRED FOR SHIFTING MERGER COLSURE OF URBAN BRANCHES
RBI GUIDLEINE FOR DIRECTORS OF BANK & exception
Public sector banks are exceptions
CAN RBI REMOVE DIRECTORS FROM PSB (PUBLIC SECTOR BANKS)
NO
DUAL CONTROL OF RBI & CENTRAL GOVT
DOES INTEREST RATE OF BANKING DEPOSIT & LENDING IS DETERMINED BY RBI
NO, RBI DEREGULATED IT
WHY KYC IS DONE
TO PREVENT MONEY LAUNDERING
WHO SET UP DICGC ?
RBI / 100% SUBSIDARY COMPANY
WHAT IS THE USE OF DICGC ?
WHAT ARE THE TECHNICALITES OF A INDIVIDUAL WITH MULTIPLE ACCOUNTS IN SAME BANKGS IN CASE OF DICGC ?
EXCEPTIONS WHICH ARE NOT COVERED IN DICGC ?
WHY RBI DO MONATORIUM ON BANK
DOES DICGC ISSUES MONEY IN CASE OF MONATORIUM ?
YES
WHAT ARE PARA BAKING ACTIVITIES
VENTURE CAPITAL, MUTUAL FUND, INSURANCE
DOES ADMINISTRATION OF CO OPERATIVE BANKS IS DONE BY RBI ?
NO
WHO ARE UNDER REGULATION OF RBI ?
CAN RBI SUPERSEDE BOARD OF NBFC
HOW RBI FORSEES FOREGIN EXCHANGE MARKET ?
REMA ACT 1999
WHY WAS FERA ACT REPLACED WITH FEMA ??
LIST FOREGIN EXCHANGE RESERVES
SDR, FCA, GOLD
WHERE RBI CAN INVEST THESE FOREGIN EXCHANGE RESERVES
WHAT ARE AGENT BANKS ?
CAN SMALL BANKS BE AGENT BANKS ?
YES
WHO MAINTIANS THE COSOLIDATED FUND ?
RBI
WHAT IS WAYS & MEANS ADVANCES ??
RBI PROVIDE TEMPORARY LOAN FACILITY TO CENTER &STATE/UT GOVT
TIME LIMIT OF WMA
90 DAYS
INTEREST RSTE OF WMA CHAGED AT
REPO RATE
IS WMA TRADABLE
NO
CAN GOVT FUND FISCAL DEFICIT FROM WMA ??
NO
EXPLAIN RBI FUNCTION OF LENDER OF THE LAST RESORT BY BANK RUN
TELL ME ABOUT CURRENCY CHEST
WHAT IS PSS ACT ?
NON BANKING ENTITIES ENBALE TO OPERTE PAYMENT SYTEM ?
ANKS ALSO NEED TO TAK ETHE PERMISSION FOR THE PAYMENT SYSTEM AS BANKING AND PAYMENT SYSTEM ARE SEPERATE THINGS
PAYMENTS SYTEM UNDER NPCI
EXPLAIN THE CONCEPT OF PRIORITY SECTOR LENDING
LIST SOME OF THE PRIORITY SECTOES
WHO GIVES MOST PRIORITY SECTOR LENDING OF THEIR TOTAL BUSINESS ACTIVITY
NEW MODELS FOR PSL, LIST THEM
WHAT IS LEAD BANK SCHEME
DOES LEAD BEANK SCHEME ONLY ALLOWS PUBLIC SECTOR BANKS TO LEALND IN PRIORITY SECTOR LENDING?
