Read CRR and SLR quiz for RBI Grade B

Dear aspirants,
We are presenting you the CRR and SLR quiz for RBI Grade B for Finance and Management Section of the exam. Before going through the quiz we will recommend you to read the topic of Reserve Bank of India. This CRR and SLR quiz for RBI Grade B exam will cover important sections, subsections, ceilings defined by RBI related to CRR and SLR.

1. Which section of Reserve Bank of India act, 1934 prescribes the maintenance of Cash Reserve Ratio (CRR) by Scheduled Commercial Banks with RBI?
   1. Section 35(1) of Reserve Bank of India Act, 1934
   2. Section 24 of Reserve Bank of India Act, 1934
   3. Section 42(1) of Reserve Bank of India Act, 1934
   4. Section 35(1) of Reserve Bank of India Act, 1934
2. Which out of the following is not a part of Reserve Requirement prescribed by RBI?
   1. CRR
   2. SLR
   3. Incremental CRR
   4. Bank Rate
3. Which act confers powers on RBI to prescribe the maintenance of Cash Reserve Ratio (CRR) by Non-Scheduled Commercial Banks and Cooperative Banks with RBI?
   1. Section 18 and 56 of Banking Regulation Act, 1949
   2. Section 24 of Reserve Bank of India Act, 1934
   3. Section 42(1) of Reserve Bank of India Act, 1934
   4. Section 35(1) of Reserve Bank of India Act, 1934
4. Which section of Banking Regulation Act, 1949 confer powers on RBI to give directions to Banks?
   1. Section 34A
   2. Section 35A
   3. Section 36AA
   4. Section 36AC
5. Which out of the following types of bank has to maintain CRR with RBI?
   1. Scheduled Commercial Banks
   2. Non-Scheduled Commercial Banks
   3. Co-operative Banks
   4. All of these
6. Which act prescribes the maintenance of Statutory Liquidity Ratio (SLR) by Scheduled Commercial Banks with RBI?
   1. Section 35(1) of Reserve Bank of India Act, 1934
   2. Section 24 of Banking Regulation Act, 1949
   3. Section 42(1) of Reserve Bank of India Act, 1934
   4. Section 35 of Banking Regulation Act, 1949
7. Consider the following statements regarding Cash Reserve Ratio (CRR)?
   a) The time lag of one fortnight is stipulated in maintenance of CRR by banks.
   b) All SCBs are required to maintain minimum CRR balances up to 95 per cent of the total CRR requirement on daily basis
   c) The Reserve Bank does not pay any interest on the CRR balances maintained by SCBs
   d) Penal interest is charged as under in cases of default in maintenance of CRR by SCBs
   Select the correct answer from following options:
   1. Only a and c
   2. a, b and c
   3. a, c and d
   4. All are correct
8. What penal interest is imposed by Reserve Bank of India on Scheduled Commercial Banks if they do not maintain CRR on fortnightly basis?
   1. As per discretion of RBI
   2. Bank Rate + 3%
   3. Bank Rate + 4%
   4. Bank Rate + 5%
9. What penal interest is imposed by Reserve Bank of India on Scheduled Commercial Banks if they do not maintain 95 per cent of total CRR requirements on daily basis?
   1. Bank Rate
   2. Bank Rate + 3%
   3. Bank Rate + 4%
   4. Bank Rate + 5%
10. What penal interest is imposed by Reserve Bank of India on Scheduled Commercial Banks if they do not maintain 95 per cent of total CRR requirements on daily basis for successive days?
    1. Bank Rate
    2. Bank Rate + 3%
    3. Bank Rate + 4%
    4. Bank Rate + 5%

Answers

1. 3
2. 4
3. 1
4. 2
5. 4
6. 2
7. 4
8. 1
9. 2
10. 4

We hope you liked the quiz. In continuation of quiz series, we will post another  CRR and SLR quiz for RBI Grade B, so keep visiting our website.

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