RBI MCQ Quiz

MCQ Quiz on RBI – Objective Question Answer for Reserve Bank of India

RBI MCQ Quiz – Get MCQ Quiz on RBI. The Reserve Bank of India is India’s central bank and regulatory body responsible for regulation of the Indian banking system. It was founded on 1 April 1935. RBI MCQ Questions are important for various competitive exams. Here we have covered the MCQ Question based on the Reserve Bank of India. Practice MCQ Quiz on RBI

1. The four printing press of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) that print currency are located in- 1. Mysore, 2.Salboni (West Bengal), 3.Dewas (MP), 4.Nasik

a.1 and 2

b.all are correct

c.1,3 and 4

d.2 and 4

2. The share of State Govt in the capital of Regional Rural Bank is

a.25%

b.15%

c.50%

d.35%

3. What are the principles of issuing notes?

a.Elasticity

b.Security

c.All of the above

d.Uniformity

4. Which of the following is not the function of the Reverse Bank of India?

a.Keeping of Foreign Exchange Reserve

b.Acting as bankers to the Government

c.Issuing of one rupee notes and coins

d.Regulating credit in the country

5. Head office of RBI is located in:

a.Delhi

b.Mumbai

c.Kolkata

d.Chennai

6. In which year, Nationalization of Reserve Bank of India was done?

a.1949

b.1950

c.1947

d.1948

7. The RBI prints all the currency notes except the ______ currency note

a.One Rupee

b.Ten Rupee

c.Five Rupee

d.Two Rupee

8. Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?

a.19

b.17

c.21

d.22

9. Credit authorization scheme was introduced by RBI in:

a.1969

b.1965

c.1935

d.1949

10. Repo rate is the rate at which RBI lends to scheduled commercial banks for:

a.Very Long term purpose

b.Short term purpose

c.Medium term purpose

11. Thw RBI was originally setup a ____

a.Public Bank

b.Development Bank

c.Private Bank

d.Merchant Bank

12. What is CRR?

a.Review Report

b.Credit Rating Record

c.Cash Reserve ratio

d.Current Ration Rate

13. In which year the RBI adopted the minimum reserves system of note issue?

a.1934

b.1935

c.1956

d.1921

14. Who was the first governor of Reserve Bank of India from Indian origin?

a.Osborne Smith

b.C.Rajagopalachari

c.C.D. Deshmukh

d.L.K. Jha

15. On which date, RBI started working?

a.1st January 1934

b.1st April 1935

c.1st January 1935

d.31st March 1934

16. In which year the RBI act was passed?

a.1969

b.1921

c.1934

d.1955

17. Who appointed the Governor and the deputy governor of RBI

a.The State Government

b.Staff Selection Commission

c.The Central Government

d.Finance Minister

18. Which of the following is not the work of RBI?

a.Bank of the banks

b.Allocating funds directly to the farmers for agricultural developmen

c.Credit controller

d.Custodian of foreign currency

19. How long does the accounting year of the Reserve Bank of India come from?

a.1st July to 1st June

b.1st July to 30th June

c. January 1 to December 31

d.1st April to 30th March

20. What was the initial share capital of Reserve Bank of India?

a.Rs. 15 Crore

b.Rs. 10 Crore

c.Rs. 20 Crore

d.Rs. 5 Crore

21. When was R.B.I. nationalised?

a.1935

b.1949

c.1929

d.1914

22. In order to inject money into the economy, what does RBI do?

a.Decrease in Repo Rate

b.Purchase of Securities in Open Market

c.All of the above

d.Reduction in CRR and SLR

23. Who will act as the banker to the Government of India?

a.Nationalised Banks

b.Reserve Bank of India

c.NABARD

d.State Bank of India

24. When was the second phase of nationalisation done

a.10th July 1968

b.9th July 1969

c.15th April, 1980

d.16th August 1985

25. On which commission’s recommendations; Reserve Bank of India was established?

a.Hilton Young Commission

b.Narasimham-II Committee

c.Chamberlain Commission

d.British Raj

26. Original headquarters of RBI were located at ___?

a.New Delhi

b.Bombay

c.Calcutta

d.Madaras

27. How many members are there in the Central Board of the director of the RBI?

a.20

b.100

c.10

d.5

28. Coins are minted by the __________ according to the Coinage Act,1906 and Coinage Act,2011

a.Both of the above

b.RBI

c.Government of India

d.By resoective banks

29. The largest revenue in India is obtained from

a.Railways

b.Direct Taxes

c.Sales Tax

d.Excise Duty

30. When was Indian Banking Act come into force?

a.1951

b.1950

c.1949

d.1948

31. How many local Boards are there in the Organizations structures of RBI?

a.Three

b.One

c.Two

d.Four

32. The term of Appointment of RBI Governor is

a.1 year

b.4 years

c.5 years

d.10 years

33. The Bill of discounting for the first time was introduced by RBI in the year

a.2004

b.1952

c.1980

d.1970

34. What is the period for the bank rate of RBI to issue loan for banks?

a.3 years

b.5 years

c.20 years

d.10 years

35. Regional Rural Banks were established in the year -

a.1975

b.1973

c.1969

d.1972

36. When was Reserve Bank of India established?

a.1935

b.1948

c.1920

d.1925

37. When was the Imperial Bank Changed as State Bank of India?

a.July 1st 1959

b.Feb 26 1947

c.January 1st 1935

d.July 1st 1955

38. Bank rate is decided by which of the following?

a.Reserve Bank of India

b.Securities and Exchange Board of India

c.Government of India

d.State Bank of India

39. Who gave the Rupee symbol?

a.C. Mukherjee

b.Venkat Subramaniam

c.Uday Kumar

d.Rajeev Shukla

40. When was Lead Bank Scheme introduced?

a.1968

b.1974

c.1969

d.1967

41. Which of the following words is not used in Monetary Policy?

a.Bank rate

b.Repo Rate

c.Cash Reserve ratio

d.Blue Chip

42. Which department of the RBI is responsible for issuing currency notes?

a.The issue Department

b.Advisory Committee

c.The Agricultural Department

d.The Loan Department

43. The RBI issued currency for the first time in January 1938 when it issued currency of ________with the photo of George VI on it.

a.Rs.1

b.Rs.10

c.Rs.20

d.Rs.5

44. Who mints the coins in India?

a.Reserve Bank of India

b.Ministry of Finance

c.Commerce and Industry Ministry

d.Prime Minister's Office

45. Who signs on the Rs. 1 note?

a.Prime Minister

b.Finance Secretary

c.Finance Minister

d.RBI Governor

46. Which principle is followed to constitute various departments in RBI?

a.Functional Foremanship

b.Divisional Structure

c.Military Organisation

d.Functional Specialisation

47. Who was first governor of Reserve Bank of India?

a.A.B.A Smith

b.K.A. Narasimham

c.V.K. Malhotra

d.A.K. Vadia

48. On which commission’s recommendations; Reserve Bank of India was established?

a.Keynes Commision

b.Hilton Young Commission

c.None of the Above

d.Chamberlain Commission

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MCQ Quiz on RBI – Objective Question Answer for Reserve Bank of India

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