Money and Banking Basics — Prelims Questions

Which of the following statements correctly describes 'Narrow Money' (M1) in India?

With reference to the Reserve Bank of India (RBI), consider the following statements: 1. The RBI is the sole authority for issuing currency notes in India. 2. The RBI acts as a banker to the Central Government but not to State Governments. 3. The primary objective of the RBI's monetary policy is to maintain price stability while keeping in mind the objective of growth. Which of the statements given above is/are correct?

Which of the following is NOT a component of the three pillars of Basel II norms?

Consider the following statements regarding the Unified Payments Interface (UPI): 1. It allows instant real-time payments between bank accounts. 2. It is regulated by the Reserve Bank of India (RBI). 3. It facilitates both peer-to-peer and person-to-merchant transactions. Which of the statements given above are correct?

Which of the following is a primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?