23.12       ndian   onom
         Select your answer using the code below:           1. The share capital of the RRBs is
         (a) 1, 2 and 3                                         sponsored by the GoI, RBI and the
         (b) 2, 3 and 4                                         Scheduled Commercial Banks in the
                                                                ratio of 50 percent, 35 percent and 15
         (c) 1, 3 and 4
                                                                percent.
         (d) 1, 2, 3 and 4
                                                            2. Its main objective is to enlarge
      7. As per the New Monetary Aggregates of the              institutional credit for the rural and
         RBI which of the following is not regarded             agriculture sector.
         as ‘broad money’?                                  3. RRBs are being restructured by the
          1. Bankers’ deposits with the RBI                     GoI under the recommendations of
          2. Demand and Time Deposits of the                    the Vyas Committee.
               banks                                        4. Appointments to the RRB’s are
          3. Other Deposits with the RBI                        done by the sponsoring Scheduled
          4. Currency and coins with the public                 Commercial Banks which falls outside
                                                                the domain of the IBPS recruitment
          5. Currency in circulation
                                                                process.
          6. Savings of Post Offices
                                                           Which of the above statements about RRBs
         Select your answer using the code below:          are correct?
         Code:                                             (a) 1 and 2
         (a) 1, 2 and 4                                    (b) 2 and 3
         (b) 3, 4 and 5                                    (c) 1 and 3
         (c) 1, 5 and 6                                    (d) 3 and 4
         (d) 2, 3 and 4                                10. Which of the following statements is correct
      8. Which of the following is correct about the       about the term ‘bank run’?
         situation of ‘inverted custom duty’?              (a) The net balance of money a bank has
         (a) When custom duties are higher on                   in its chest at the end of the day’s
               the raw materials and lower on the               business.
               finished goods.                             (b) A panic situation when deposit holders
         (b) When due to some exemptions custom                 start withdrawing cash from the banks.
               duty on the similar goods are lower for     (c) The ratio of bank’s total deposits and
               the multinational firms in comparison            its total liabilities.
               to the domestic firms.                      (d) The period in which a bank creates the
         (c) When the countries with low tax                    highest credit in the market.
               regime (tax havens) give high export    11. Consider the following statements.
               subsidies making the indigenous
                                                            1. Bond holders and depositors both
               industries suffer in trade.
                                                                suffer due to increased inflation.
         (d) None of the above.
                                                            2. RBI’s profits out of its investments in
      9. Consider the following statements regarding            the Treasury Bills fall due to increased
         the Regional Rural Banks (RRBs) in India.              inflation.