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The Reserve Bank of India

Answer: D

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32.

How long does the accounting year of the Reserve Bank of India come from?

Answer: C

The accounting year of the Reserve Bank of India is between 1 July and 30 June, while the country's financial year is between 1 April and 30 March.

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33.

The Government picked up the entire Share of SBI held by the RBI according to which of the following guidelines ?

Answer: B

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34.

According to the which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to its holder ?

Answer: C

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35.

What would be the impact on cash reserves of the commercial banks if RBI conducts the sale of securities ?

Answer: A

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36.

Which of the following is/are true about the Sub-Prime Crisis?

1. It is a mortgage crisis referring to credit default by the borrowers.

2. Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.

3. This crisis originated because of negligence in credit rating of the borrowers.

Answer: D

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37.

When was R.B.I. nationalised?

Answer: B

The Reserve Bank of India was established on April 1, 1935 with a capital of 5 cr. rupees and nationalised in 1 January 1949.

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38.

In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay) ? 

Answer: B

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39.

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

Answer: C

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40.

Which of the following public sector banks has the largest number of branches in foreign countries?

Answer: B

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