BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Bankers Training College, Bombay
|
|
|
College of Agricultural Banking, Pune
|
|
|
NIBM
|
|
|
All of the above
|
Detailed explanation-1: -Out of the given options, fixed deposit rate is not decided by RBI.
Detailed explanation-2: -The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.
Detailed explanation-3: -14.5 Three training colleges of the Reserve Bank, viz., the Bankers’ Training College (BTC), Mumbai, the Reserve Bank Staff College (RBSC), Chennai and the College of Agricultural Banking (CAB), Pune cater to the training needs of the officers of the Reserve Bank and the banking industry.
Detailed explanation-4: -Therefore, accepting deposits and advancing loans to the public is not the function of the Reserve Bank of India.