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

Please wait...

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

a.Hilton Young Commission

b.Chamberlain Commission

c.British Raj

d.Narasimham-II Committee

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

a.All of the above

b.Purchase of Securities in Open Market

c.Reduction in CRR and SLR

d.Decrease in Repo Rate

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

a.The Agricultural Department

b.The issue Department

c.The Loan Department

d.Advisory Committee

4. Who mints the coins in India?

a.Ministry of Finance

b.Commerce and Industry Ministry

c.Prime Minister's Office

d.Reserve Bank of India

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

a.Allocating funds directly to the farmers for agricultural developmen

b.Custodian of foreign currency

c.Bank of the banks

d.Credit controller

6. The term of Appointment of RBI Governor is

a.10 years

b.1 year

c.5 years

d.4 years

7. When was Lead Bank Scheme introduced?

a.1968

b.1974

c.1969

d.1967

8. When was Indian Banking Act come into force?

a.1948

b.1951

c.1949

d.1950

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

a.1929

b.1949

c.1914

d.1935

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

a.1st April to 30th March

b. January 1 to December 31

c.1st July to 30th June

d.1st July to 1st June

11. What are the principles of issuing notes?

a.Security

b.Uniformity

c.All of the above

d.Elasticity

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

a.3 years

b.10 years

c.5 years

d.20 years

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

a.Repo Rate

b.Cash Reserve ratio

c.Bank rate

d.Blue Chip

14. On which date, RBI started working?

a.1st January 1934

b.1st January 1935

c.1st April 1935

d.31st March 1934

15. Head office of RBI is located in:

a.Delhi

b.Kolkata

c.Mumbai

d.Chennai

16. Credit authorization scheme was introduced by RBI in:

a.1935

b.1949

c.1965

d.1969

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

a.State Bank of India

b.Government of India

c.Securities and Exchange Board of India

d.Reserve Bank of India

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

a.The State Government

b.Finance Minister

c.The Central Government

d.Staff Selection Commission

19. Regional Rural Banks were established in the year -

a.1972

b.1975

c.1969

d.1973

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

a.By resoective banks

b.Government of India

c.Both of the above

d.RBI

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

a.Regulating credit in the country

b.Keeping of Foreign Exchange Reserve

c.Acting as bankers to the Government

d.Issuing of one rupee notes and coins

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

a.July 1st 1955

b.Feb 26 1947

c.January 1st 1935

d.July 1st 1959

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

a.NABARD

b.State Bank of India

c.Nationalised Banks

d.Reserve Bank of India

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

a.10

b.20

c.5

d.100

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

a.C.Rajagopalachari

b.L.K. Jha

c.Osborne Smith

d.C.D. Deshmukh

26. In which year the RBI act was passed?

a.1921

b.1969

c.1934

d.1955

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

a.1952

b.2004

c.1970

d.1980

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

a.Divisional Structure

b.Military Organisation

c.Functional Specialisation

d.Functional Foremanship

29. 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.1,3 and 4

c.all are correct

d.2 and 4

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

a.1956

b.1934

c.1935

d.1921

31. When was the second phase of nationalisation done

a.16th August 1985

b.9th July 1969

c.10th July 1968

d.15th April, 1980

32. Who gave the Rupee symbol?

a.Rajeev Shukla

b.C. Mukherjee

c.Uday Kumar

d.Venkat Subramaniam

33. Original headquarters of RBI were located at ___?

a.Calcutta

b.New Delhi

c.Bombay

d.Madaras

34. When was Reserve Bank of India established?

a.1920

b.1925

c.1935

d.1948

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

a.Rs. 10 Crore

b.Rs. 20 Crore

c.Rs. 15 Crore

d.Rs. 5 Crore

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

a.One

b.Two

c.Four

d.Three

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

a.17

b.21

c.19

d.22

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

a.Keynes Commision

b.Chamberlain Commission

c.Hilton Young Commission

d.None of the Above

39. 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

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

a.One Rupee

b.Two Rupee

c.Ten Rupee

d.Five Rupee

41. The largest revenue in India is obtained from

a.Sales Tax

b.Direct Taxes

c.Railways

d.Excise Duty

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

a.V.K. Malhotra

b.A.K. Vadia

c.A.B.A Smith

d.K.A. Narasimham

43. Thw RBI was originally setup a ____

a.Development Bank

b.Merchant Bank

c.Public Bank

d.Private Bank

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

a.1948

b.1949

c.1950

d.1947

45. Who signs on the Rs. 1 note?

a.Finance Minister

b.RBI Governor

c.Finance Secretary

d.Prime Minister

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

a.50%

b.15%

c.25%

d.35%

47. 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.5

b.Rs.10

c.Rs.20

d.Rs.1

48. What is CRR?

a.Review Report

b.Current Ration Rate

c.Credit Rating Record

d.Cash Reserve ratio

Also See :

Independance Day MCQ

Major Sea Ports MCQs

International Airports in India MCQ

Prime Minister in India MCQ

Space Centre MCQ

Calendar MCQ

Tiger Reserves in India

Nobel Price Winner MCQ

Reserve Bank of India MCQ Quiz for Competitive Exams

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

Submit a Comment Cancel reply

General

CBSE School Lessons

Popular Pages