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- 21. Which of the following functions is NOT performed by the Reserve Bank of India ?
A.Regulation of banks in India
B.Foreign Currency management in India
C.Regulation of foreign direct investment in India
D.Control and supervision of money supply
Answer & Explanation
Answer: Option B 
Foreign Currency management in India
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- 22. __________ High Court in India on 2nd April 2014 restored the power of the Reserve Bank of India to decide the period after which the bad loan can be called as a Non-Performing Asset (NPA) ?
A.AP
B.Gujarat
C.Assam
D.Tamil Nadu
Answer & Explanation
Answer: Option B
Gujarat
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- 23. On 25th March 2014, which Public Sector Bank became the first bank in India to launch Instant Money Transfer (IMT) scheme in Mumbai ?
A.IOB
B.BOI
C.SBI
D.UBI
Answer & Explanation
Answer: Option B
BOI
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- 24. RBI issued uniform accounting standards for ARCs with regard to acquiring non-performing loans, recognizing revenue and management fees to ensure common treatment for firms. ARC stands for ?
A.Asset Roll Companies
B.Area Reconstruction Companies
C.Asset Reconstruction Co-ordinates
D.Asset Reconstruction Companies
Answer & Explanation
Answer: Option D
Asset Reconstruction Companies
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- 25. Qatar based Doha Bank declared to open its first branch in which of the following Indian cities ?
A.Hyderabad
B.Mumbai
C.Kolkata
D.Pune
Answer & Explanation
Answer: Option B
Mumbai
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To whom this IBPS PO & Clerks Quiz Set 2 Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
- All I.B.P.S and Public Sector Bank Competitive Exam
- Common Aptitude Test (CAT) Exams
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- Railway Competitive Exam
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