31. The Reserve Bank of India acts as a clearinghouse for interbank transactions through which system?
a) Real Time Gross Settlement (RTGS)
b) National Electronic Fund Transfer (NEFT)
c) Centralized Funds Management System (CFMS)
d) Cheque Truncation System (CTS)
32. Under the Reserve Bank of India Act, 1934, the RBI is empowered to inspect and supervise which type of banks?
b) Private sector banks
c) Foreign banks operating in India
d) All scheduled banks
33. What is the primary objective of the Reserve Bank of India’s Open Market Operations (OMOs)?
a) To manage liquidity in the banking system
b) To regulate interest rates in the economy
c) To facilitate government borrowing
d) To control inflation in the economy
34. Which of the following entities is responsible for the issue and circulation of currency notes in India?
a) Ministry of Finance
b) Private sector banks
c) Reserve Bank of India
d) State Bank of India
35. When the Reserve Bank of India reduces the Cash Reserve Ratio (CRR), what is the impact on banks’ lending capacity?
a) Banks are able to lend more to the public
b) Banks’ lending capacity remains the same
c) Banks’ lending capacity decreases
d) It depends on other factors
