11. The Lending Rate of the Reserve Bank of India is also known as the:
a) Repo Rate
b) Reverse Repo Rate
c) Bank Rate
d) Base Rate
12. Which body determines the Bank Rate in India?
a) Ministry of Finance
b) Securities and Exchange Board of India (SEBI)
c) Reserve Bank of India (RBI)
d) Indian Banks’ Association (IBA)
13. What is the main objective of the Reserve Bank of India’s Monetary Policy?
a) Control inflation and maintain price stability
b) Promote economic growth and development
c) Ensure financial inclusion for all
d) Regulate interest rates in the economy
14. When the RBI reduces the Bank Rate, what is the likely impact on the economy?
a) Borrowing costs decrease, encouraging investment and consumption
b) Borrowing costs increase, discouraging investment and consumption
c) Money supply decreases, leading to contraction of economic activity
d) Money supply increases, leading to inflationary pressures
15. Which of the following bodies supervises and regulates non-banking financial companies (NBFCs) in India?
a) Securities and Exchange Board of India (SEBI)
b) National Housing Bank (NHB)
c) Reserve Bank of India (RBI)
d) Insurance Regulatory and Development Authority of India (IRDAI)
