Q1 · easy · AI-verified
What is the current inflation target set by the Government of India for the RBI?
- 4% with a tolerance band of +/- 2%
- 6% with a tolerance band of +/- 3%
- 5% with a tolerance band of +/- 2%
- 3% with a tolerance band of +/- 1%
Q2 · easy · AI-verified
Which committee recommended the establishment of the Reserve Bank of India?
- Young Commission
- Hilton Young Commission
- Simon Commission
- Hunter Commission
Q3 · easy · AI-verified
Which rate is known as the 'Policy Rate' in India's monetary policy framework?
- Bank Rate
- Repo Rate
- Reverse Repo Rate
- MSF Rate
Q4 · easy · AI-verified
Under which section of the Banking Regulation Act, 1949 does RBI have the power to issue directions to banks?
- Section 35
- Section 35A
- Section 36
- Section 37
Q5 · easy · AI-verified
What is the current Cash Reserve Ratio (CRR) maintained by scheduled commercial banks with RBI as of 2024?
- 3.50%
- 4.00%
- 4.50%
- 5.00%