SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 61. What is the responsibility of banks regarding sending alerts to customers after transactions?
Banks are not required to send alerts to customers.
Banks must send alerts only if requested by the customer.
Banks must send SMS and email alerts immediately after transactions.
Banks must send alerts only if there is suspected fraud.
Q 62. What is the main purpose of the Reserve Bank of India (RBI)?
To conduct consolidated supervision of the financial sector.
To generate profits for the government.
To regulate only commercial banks.
To provide loans to individuals.
Q 63. What does RBI use monetary policy for?
To create financial instability.
To regulate currency and credit systems.
To reduce economic growth.
To limit access to credit.
Q 64. What does RBI aim to maintain through its management objectives?
Economic instability.
Price stability.
High inflation.
Unregulated banking sector.
Q 65. What role does RBI play in the banking system?
Only as a regulator.
Only as a lender of last resort.
Only as a supervisor.
As a lender of first resort.
Q 66. Where should customers refer to for redressal of grievances regarding banking products?
Reserve Bank of India (RBI).
Government schemes.
Grievance Redressal chapter of the booklet.
Financial institutions.
Q 67. What does RBI act as for all commercial banks?
A competitor.
A shareholder.
A regulator.
A consultant.
Q 68. What is the customer's liability if fraud occurs due to their negligence?
No liability.
Partial liability.
Full liability.
Liability depends on the bank's decision.
Q 69. What is RBI's role in government schemes related to banking?
Implementer.
Auditor.
Advisor.
Monitor.
Q 70. When was the Reserve Bank of India established?
April 1, 1935.
January 1, 1947.
August 15, 1947.
December 25, 1950.
Q 71. What is RBI's responsibility regarding the country's currency and credit systems?
To manipulate them for profit.
to regulate and oversee them.
Limit access to credit.
To promote instability.
Q 72. What entities make up India's financial sector?
Only commercial banks.
Only non-banking financial companies.
Only financial institutions.
Only central banks.
Q 73. What are the central bank's management objectives?
Increased economic instability.
To maximize profits for shareholders.
to ensure price stability and productive credit flow.
To promote deflation.