76. Reverse Repo Rate means

1. 1. Injecting liquidity by the Central Bank of a country through purchase of Government Securities

   
   
   

   2. Absorption of liquidity from the market by sale of Government Securities

   
   
   

   3. Balancing liquidity with a view to enhance economic growth rate

   
   
   

   4. Improving the position o availability of the securities in the market

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

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77. Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank?
    1. It does not accept deposits
    2. It has a limited cash disbursement capacity
    4. Lack of human interface.
    Code

1. 1. only 1

   
   
   

   2. only 2

   
   
   

   3. only 3

   
   
   

   4. All 1, 2, and 3

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

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78. The bank rate means

1. 1. Rate of interest charged by commercial banks from borrowers

   
   
   

   2. Rate of interest at which commercial banks discounted bills of their borrowers

   
   
   

   3. Rate of interest allowed by commercial banks one their deposits

   
   
   

   4. Rate at which RBI purchases or rediscounts bill of exchange of commercial banks

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

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79. Consider the Following statements segarding Reserve Bank of India
    1.It is a banker of the Central Government.
    2. It formulates and administers monetary policy.
    3. It acts as an agent of the Government in respect of India.
    4. It handles the borrowing programme of Government of India.
    Which of the statements are correct?

1. 1. 1 and 2

   
   
   

   2. 3 and 4

   
   
   

   3. 2, 3 and 4

   
   
   

   4. 1, 2, 3, and 4

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: A

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80. Banking is a ......... activity

1. 1. Primary

   
   
   

   2. Secondary

   
   
   

   3. Tertiary

   
   
   

   4. None of the above

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

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