71. Open Market Operations of Reserve Bank of India refer to

1. 1. Trading in securities

   
   
   

   2. Auctioning of Foreign Exchange

   
   
   

   3. Transaction in Gold

   
   
   

   4. None of these

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: A

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72. A customer wishes to purchase some US dollars in India. He/she should go to

1. 1. Public Debt Division of the RBI only

   
   
   

   2. American Express Bank only

   
   
   

   3. RBI or any branch of a bank which is authorized for such business

   
   
   

   4. Ministry of Foreign Affairs

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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73. Which one of the following statements is correct regarding increase in the Cash Reserve Ratio (CRR) in India ?

1. 1. It increase credit creation

   
   
   

   2. It reduces credit creation

   
   
   

   3. It does not affect credit

   
   
   

   4. It denotes liberal monetary policy

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

   N/A

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74. Open market operations of RBI refer to buying and selling of

1. 1. Commercial bills

   
   
   

   2. Foreign exchange

   
   
   

   3. Gold

   
   
   

   4. Government bonds

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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75. Which of the following is/are considered a policy rate(s) in the hands of RBI?
    1. Repo Rate
    2. SLR
    3. Inflation
    Code

1. 1. Only 1

   
   
   

   2. Only 2

   
   
   

   3. Only 3

   
   
   

   4. only 1 and 2

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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