Frequently Asked Question in IBPS RRB Interview
Dear Readers Now as the interview dates of RRB All Grades are out we bring to you very common interview questions with out set No 4 on the given subject. We will be updating material and Videos on a regular basis to help maximum number of candidates to cherish their dreams.
Usually the time interval for interview for RRb exams lies between 7-9 minutes and more depending on the interest you are generating.
Answer: Sir Monitory policy explains the tools available with RBI to keep a balance between growth and inflation. Monitory policy in India has 3 major components.
CRR: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the available amount with the banks comes down. The RBI uses the CRR to drain out excessive money from the system.
SLR: Statutory liquidity ratio (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, government approved securities before providing credit to the customers
Repo Rate: This is the rate at which banks can ask money from RBI in exchange of government Securities
Sir, Mudra Loans was launched by the government to support small traders, businessman and new entrepreneurs. Banks can finance an amount upto 10Lacs under this scheme which will be later refinanced by the government. This scheme was launched with 3 variants
This scheme was launched to promote entrepreneurship and enable easy advance to small businessman. Banks have introduced Mudra Cards in which the customer can transact freely upto the loan amount sanctioned.
Sehpaathi has launched a free Interview Guidance sessions with our Panel. We start it off from today between 7pm to 8pm. All candidates interested can ask their questions in the comment box given below. We are also trying to arrange hangout session with one of our Banking friend. Will update you once it happens