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21.	For International payments, the Indian currency is linked to
	A.  British Sterling
	B.  Gold Standard
	C.  American Dollar
	D.  None of these

Answer

Ans: A British Sterling

22.	The Bank Rate is the rate interest at which the Reserve Bank of India Provides loans to the
	A.  Corporate sector
	B.  Foreign institutional Investors
	C.  Public Sector
	D.  Scheduled Commercial Banks

Answer

Ans: D Scheduled Commercial Banks

23.	The functions of the Lead Bank are performed by
	A.  Any Bank
	B.  Reserve Bank of India
	C.  A bank designed for this purpose
	D.  State Bank of India

Answer

Ans: C A bank designed for this purpose

24.	In India, the first bank of limited liabilities managed by Indians and founded in 1881 was
	A.  Punjab and Sind Bank
	B.  Hindustan Commercial Bank
	C.  Oudh Commercial Bank
	D.  Punjab National Bank

Answer

Ans: C Oudh Commercial Bank