21. In India, who appoints the Governor of the Reserve Bank of India?
a) President of India
b) Prime Minister of India
c) Minister of Finance
Answer: a) President of India
22. The Reserve Bank of India was established in the year:
a) 1947
b) 1950
c) 1935
d) 1921
Answer: c) 1935
23. What is the current statutory liquidity ratio (SLR) in India?
a) 18%
b) 21%
c) 25%
d) 30%
Answer: c) 25%
24. Which of the following money market instruments has the highest liquidity?
a) Commercial papers
b) Treasury bills
c) Certificate of deposit
d) Repo agreements
Answer: b) Treasury bills
25. The Reserve Bank of India issues treasury bills in which of the following tenors?
a) 7 days, 14 days, 28 days and 364 days
b) 30 days, 60 days, 90 days and 180 days
c) 91 days, 182 days and 364 days
d) 180 days and 360 days
Answer: c) 91 days, 182 days and 364 days
