Which of the following is INCORRECT with respect to the repo rate?
It is the rate at which banks place their funds with the RBI and receive collateral.
The incorrect statement is option 3. The repo rate is the rate at which banks borrow money from the RBI, not the rate at which they place their funds with the RBI.
Important Questions from Banking History or Facts
The securities and Exchange Board of India (SEBI) was established in _______.
The name of the first bank established in India was
A. Bank of Hindustan
B. Reserve Bank of India
C. Imperial Bank
D. State Bank of India
Rupee sign '₹' is a
A. Devanagari letter
B. Roman letter
C. Sanskrit Script
D. A combination of Roman & Devanagari letters
In which year was the Reserve Bank of India (RBI) established?
Which bank was NOT nationalized during the bank nationalization process of 1969?
