6. The MPC is responsible for determining:
a) The repo rate
b) The reverse repo rate
c) Both the repo rate and the reverse repo rate
d) None of the above
7. Which Act allows the RBI to act as a banker to the government?
a) Reserve Bank of India (Amendment) Act, 1934
b) Reserve Bank of India Act, 1934
c) Reserve Bank of India (Amendment) Act, 1949
d) Reserve Bank of India Act, 1949
8. The RBI Act provides for the establishment of, and regulations related to, which regulatory body?
a) Securities and Exchange Board of India (SEBI)
b) Insurance Regulatory and Development Authority of India (IRDAI)
c) Pension Fund Regulatory and Development Authority (PFRDA)
d) All of the above
9. Under the RBI Act, what is the tenure of the Governor and the Deputy Governors of the RBI?
a) 4 years
b) 5 years
c) 6 years
d) 7 years
10. Which Act amended the RBI Act to allow the RBI to regulate and supervise payment systems in India?
a) Reserve Bank of India (Amendment) Act, 1934
b) Reserve Bank of India Act, 1934
c) Reserve Bank of India (Amendment) Act, 2005
d) Reserve Bank of India Act, 1949
