1. When was Nepal Rastra Bank (NRB) established?
a) 1945 b) 1956 c) 1965 d) 2002
2. Under which Act was NRB originally established?
a) Nepal Rastra Bank Act, 2058 (2002) b) Nepal Central Bank Act, 2001 c) Nepal Rastra Bank Act, 1955 d) Financial Institutions Act, 1955
3. What is one of the main objectives of the Nepal Rastra Bank as per the Nepal Rastra Bank Act, 2058 (2002)?
a) To control all commercial banks in Nepal b) To formulate necessary monetary and foreign exchange policies c) To increase taxes on financial institutions d) To create new banks every year
4. Which of the following is NOT one of the objectives of NRB mentioned in the introduction?
a) Maintaining price stability and balance of payment b) Promoting private sector banking c) Developing an efficient payment system d) Increasing access to financial services
5. According to the introduction, why has the Nepal Rastra Bank Act been updated in 2058 (2002)?
a) To decrease the influence of the banking sector b) To improve the bank's headquarters c) To reflect changes in the dynamic financial environment d) To regulate trade and commerce
6. What is the main reason NRB pursues sustained progress and reform of the financial sector?
a) To compete with international banks b) To increase profits c) To ensure economic stability and sustainable development d) To control inflation rates
7. Which of the following is NOT a function of NRB as mentioned in the introduction?
a) Maintaining the stability of the banking sector b) Issuing new types of currency for international use c) Formulating monetary policies d) Developing a healthy system of payment
8. What document outlines NRB’s policies, strategies, and actions annually?
a) Nepal Government Budget b) NRB Annual Report c) Bank’s Annual Monetary Policy d) Financial Institution Act
9. One of the objectives of NRB is to increase public confidence towards which sector?
a) Industrial sector b) Real estate sector c) Banking and financial system d) Education system
10. Which act redefined the functions and objectives of Nepal Rastra Bank?
a) Nepal Rastra Bank Act, 1955 b) Nepal Rastra Bank Act, 2001 c) Nepal Rastra Bank Act, 2015 d) Nepal Rastra Bank Act, 2058 (2002)
11. Who is the current Chairperson and Governor of the NRB?
a) Dr. Ram Prasad Ghimire b) Mr. Maha Prasad Adhikari c) Dr. Neelam Dhungana Timsina d) Dr. Shankar Prasad Acharya
12. When was Dr. Ram Prasad Ghimire appointed as a member of the NRB Board?
a) March 9, 2021 b) April 6, 2020 c) May 20, 2022 d) August 1, 2024
13. Which member of the NRB Board was appointed on March 9, 2021?
a) Mr. Bam Bahadur Mishra b) Dr. Neelam Dhungana Timsina c) Both a and b d) Dr. Ravindra Prasad Pandey
14. How many members were appointed to the NRB Board on May 20, 2022?
a) One b) Two c) Three d) Four
15. Who is the most recently appointed member of the NRB Board?
a) Dr. Ravindra Prasad Pandey b) Mr. Chinta Mani Siwakoti c) Dr. Shankar Prasad Acharya d) Dr. Neelam Dhungana Timsina
16. What is the appointment date of Mr. Maha Prasad Adhikari?
a) January 18, 2020 b) April 6, 2020 c) May 20, 2022 d) March 9, 2021
17. Who serves as the Secretary of the Ministry of Finance on the NRB Board?
a) Dr. Neelam Dhungana Timsina b) Mr. Maha Prasad Adhikari c) Dr. Ram Prasad Ghimire d) Mr. Bam Bahadur Mishra
18. Which of the following members was appointed on May 11, 2023?
a) Dr. Ravindra Prasad Pandey b) Mr. Chinta Mani Siwakoti c) Dr. Shankar Prasad Acharya d) Mr. Maha Prasad Adhikari
19. What role does Mr. Bam Bahadur Mishra hold in the NRB?
a) Chairperson b) Secretary c) Deputy Governor d) Member
20. Who serves as the Chairperson of the NRB Board?
a) Secretary, Ministry of Finance b) Governor c) Deputy Governor d) Government-appointed Director
21. How many Deputy Governors are members of the NRB Board?
a) One b) Two c) Three d) Four
22. Who appoints the Directors of the NRB Board?
a) The Governor b) The Deputy Governors c) The Government of Nepal d) The Secretary, Ministry of Finance
23. In which fields should the Directors appointed by the Government of Nepal be renowned?
a) Science and Technology b) Economic, Monetary, Banking, Finance, and Commercial Law c) Education and Research d) Healthcare and Medicine
24. How many members constitute the Board of Directors in the Bank?
a) Five b) Six c) Seven d) Eight
25. What is the vision of Nepal Rastra Bank?
a) To maintain price stability b) To regulate the financial sector c) To become "A Modern, Dynamic, Credible and Effective Central Bank" d) To promote trade and commerce
26. The mission of Nepal Rastra Bank focuses on maintaining which type of stability?
a) Political b) Social c) Macroeconomic and Financial d) Environmental
27. Who was the first governor of Nepal Rastra Bank?
a) Mr. Ganesh Bahadur Thapa b) Mr. Laxmi Nath Gautam c) Dr. Yadav Prasad Pant d) Mr. Himalaya Shumsher J.B. Rana
28. Who served as the NRB governor from 2010 to 2015?
a) Dr. Chiranjibi Nepal b) Mr. Bijaya Nath Bhattarai c) Dr. Yuba Raj Khatiwada d) Mr. Deependra Bahadur Kshetry
29. Which governor had the shortest term in office?
a) Mr. Pradyuma Lal Rajbhandari b) Mr. Deependra Bahadur Kshetry c) Dr. Bhekh Bahadur Thapa d) Mr. Deependra Purush Dhakal
30. Who was the NRB governor during the time of the first amendment to the NRB Act in 2006?
a) Dr. Tilak Bahadur Rawal b) Mr. Bijaya Nath Bhattarai c) Mr. Deependra Bahadur Kshetry d) Mr. Maha Prasad Adhikari
31. Who is the current governor of Nepal Rastra Bank as of 2024?
a) Mr. Maha Prasad Adhikari b) Dr. Chiranjibi Nepal c) Mr. Deependra Purush Dhakal d) Dr. Yuba Raj Khatiwada
32. Which governor served immediately after Dr. Yadav Prasad Pant?
a) Mr. Ganesh Bahadur Thapa b) Mr. Kalyana Bikram Adhikary c) Mr. Kul Shekhar Sharma d) Dr. Bhekh Bahadur Thapa
33. Who was the governor of NRB during the time of political changes in Nepal in the 1990s?
a) Mr. Hari Shankar Tripathi b) Mr. Satyendra Pyara Shrestha c) Mr. Ganesh Bahadur Thapa d) Dr. Yuba Raj Khatiwada
34. Which governor served during the transition into the 21st century, having a term that started in 2000?
a) Dr. Tilak Bahadur Rawal b) Mr. Satyendra Pyara Shrestha c) Dr. Chiranjibi Nepal d) Mr. Deependra Purush Dhakal
35. Who was the governor of NRB when the second amendment to the NRB Act was made in 2016?
a) Mr. Maha Prasad Adhikari b) Dr. Chiranjibi Nepal c) Mr. Deependra Bahadur Kshetry d) Mr. Bijaya Nath Bhattarai
36. When was the Nepal Rastra Bank Act, 2058 (2002) authenticated and published?
a) 17 Magh 2058 (January 30, 2002) b) 10 Magh 2058 (January 23, 2002) c) 1 Baisakh 2060 (April 14, 2003) d) 29 Kartik 2058 (November 14, 2001)
37. Which of the following is the correct date of the First Amendment to the Nepal Rastra Bank Act?
a) 2066.10.07 (January 21, 2010) b) 2073.07.29 (November 14, 2016) c) 2063.07.23 (November 9, 2006) d) 2058.11.01 (February 14, 2002)
38. What is one of the key objectives of Nepal Rastra Bank as per the Act?
a) To issue government bonds b) To maintain stability of price and balance of payment c) To supervise private banks only d) To provide commercial loans to small businesses
39. When was the Nepal Rastra Bank (Second Amendment) Act passed?
a) 2063 BS b) 2058 BS c) 2073 BS d) 2066 BS
40. According to the Preamble of the Act, what is the purpose of establishing Nepal Rastra Bank?
a) To issue currency for the government b) To function as the central bank and maintain the stability of the financial sector c) To support foreign trade d) To manage tax policies
41. Which of the following amendments to the Nepal Rastra Bank Act was authenticated on January 21, 2010?
a) First Amendment b) Second Amendment c) Republic Strengthening and some Nepal Laws Amendment Act, 2066 BS d) Fourth Amendment
42. Who enacted the Nepal Rastra Bank Act, 2058 (2002)?
a) President of Nepal b) Parliament c) Council of Ministers d) Prime Minister
43. In which year was the Nepal Rastra Bank (First Amendment) Act passed?
a) 2058 BS b) 2066 BS c) 2063 BS d) 2073 BS
45. What is the name of the Central Bank as established under the Nepal Rastra Bank Act, 2058 (2002)?
a) Nepal Bank Limited b) Nepal Central Bank c) Nepal Rastra Bank d) Central Bank of Nepal
46. Under which Act was Nepal Rastra Bank initially established?
a) Nepal Rastra Bank Act, 2058 (2002) b) Nepal Rastra Bank Act, 2012 (1955) c) Banking and Financial Act, 2042 d) Nepal Bank Act, 2020
47. What type of body is Nepal Rastra Bank as per the Act?
a) Governmental and controlled body b) Autonomous and corporate body with perpetual succession c) Semi-governmental financial body d) Public-private partnership entity
48. Can Nepal Rastra Bank open branches and offices outside of Nepal?
a) No, the Bank can only operate within Nepal. b) Yes, the Bank may open branches, sub-branches, and offices both within and outside Nepal. c) The Bank can only open offices within Nepal but appoint agents abroad. d) The Act does not mention anything about opening branches.
49. What is one of the main objectives of Nepal Rastra Bank according to the Act?
a) To promote tourism in Nepal b) To stabilize the price and balance of payments c) To increase the production of agricultural products d) To manage employment schemes
50. Which of the following objectives focuses on the banking and financial sectors?
a) To increase public access to financial services and maintain public confidence in the banking and financial system b) To reduce taxes on financial institutions c) To introduce new forms of currency d) To set up educational programs for financial literacy
51. What does the Nepal Rastra Bank aim to develop according to the Act?
a) A secure, healthy, and efficient system of communication b) A secure, healthy, and efficient system of payment c) A secure, healthy, and efficient system of governance d) A secure, healthy, and efficient system of taxation
52. Which policy is mentioned as necessary for maintaining economic stability and sustainable development in Nepal?
a) Trade policy b) Foreign exchange and monetary policy c) Industrial policy d) Environmental policy
53. Which of the following is a key function of Nepal Rastra Bank as mentioned in the Act?
a) Issuing bonds for the public b) Issuing bank notes and coins c) Providing insurance to government employees d) Establishing new commercial banks
54. What kind of policies is Nepal Rastra Bank responsible for formulating to maintain price stability?
a) Trade policies b) Monetary policies c) Educational policies d) Environmental policies
55. Which of the following is one of the Bank's duties related to foreign exchange?
a) To determine the system of foreign exchange rate b) To print foreign currency c) To set up foreign exchange markets d) To negotiate international trade deals
56. Which function of Nepal Rastra Bank involves acting as a banker, advisor, and financial agent?
a) Acting as the banker of commercial banks b) Acting on behalf of the Government of Nepal c) Acting as a financial advisor to private businesses d) Supervising international transactions
57. Nepal Rastra Bank has the authority to issue licenses to which types of institutions?
a) Insurance companies b) Commercial banks and financial institutions c) Educational institutions d) Investment firms
58. What role does Nepal Rastra Bank play for commercial banks in times of financial distress?
a) It acts as their main shareholder. b) It functions as the lender of the last resort. c) It oversees their day-to-day operations. d) It provides them with investment advice.
59. Which of the following is related to the Bank's power in managing liquidity?
a) Managing foreign exchange reserve b) Operating open market transactions c) Providing loans to small businesses d) Setting interest rates for banks
60. Which of the following functions is Nepal Rastra Bank not allowed to carry out?
a) Accepting deposits b) Issuing licenses c) Issuing bank notes d) Managing foreign exchange reserves
61. Nepal Rastra Bank is prohibited from purchasing shares of which of the following institutions?
a) Financial institutions b) Commercial banks c) Public corporations d) All of the above
62. Which of the following is not a permissible activity for Nepal Rastra Bank under normal circumstances?
a) Providing loans b) Managing monetary policies c) Acting as a lender of the last resort d) Regulating financial institutions
63. Under what condition can Nepal Rastra Bank acquire movable and immovable property?
a) To support trade activities b) When required for carrying out its functions and objectives c) For personal investment purposes d) As a shareholder in public corporations
64. Which of the following is one of the activities that Nepal Rastra Bank cannot engage in?
a) Carrying out any type of trade b) Issuing foreign currency c) Supervising financial institutions d) Acting as a financial advisor
65. What is the maximum percentage of total capital that Nepal Rastra Bank can invest in institutions that help it achieve its objectives?
a) 5% b) 10% c) 15% d) 20%
66. Nepal Rastra Bank is not allowed to acquire proprietary rights in which of the following sectors?
a) Commercial and financial institutions b) Agricultural and industrial institutions c) Both a and b d) None of the above
Q. No. 24
ReplyDeleteans C
A Board of Directors consisting of seven members governs the NRB, which include Governor (Chairperson); Secretary to the Ministry of Finance of the GoN; Both Deputy Governors and three other board members appointed by the GoN.