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

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

a.Four

b.One

c.Two

d.Three

2. Who signs on the Rs. 1 note?

a.RBI Governor

b.Finance Secretary

c.Prime Minister

d.Finance Minister

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

a.Acting as bankers to the Government

b.Issuing of one rupee notes and coins

c.Keeping of Foreign Exchange Reserve

d.Regulating credit in the country

4. Head office of RBI is located in:

a.Chennai

b.Delhi

c.Kolkata

d.Mumbai

5. When was the second phase of nationalisation done

a.15th April, 1980

b.9th July 1969

c.16th August 1985

d.10th July 1968

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

a.1st July to 1st June

b. January 1 to December 31

c.1st April to 30th March

d.1st July to 30th June

7. 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.1

c.Rs.20

d.Rs.10

8. 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.Decrease in Repo Rate

d.Reduction in CRR and SLR

9. 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

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

a.1950

b.1949

c.1947

d.1948

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

a.2004

b.1980

c.1952

d.1970

12. In which year the RBI act was passed?

a.1934

b.1969

c.1955

d.1921

13. The largest revenue in India is obtained from

a.Sales Tax

b.Direct Taxes

c.Railways

d.Excise Duty

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

a.1949

b.1929

c.1914

d.1935

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

a.20

b.100

c.5

d.10

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

a.Bank rate

b.Cash Reserve ratio

c.Repo Rate

d.Blue Chip

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

a.Credit controller

b.Allocating funds directly to the farmers for agricultural developmen

c.Custodian of foreign currency

d.Bank of the banks

18. When was Indian Banking Act come into force?

a.1949

b.1948

c.1950

d.1951

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

a.State Bank of India

b.Securities and Exchange Board of India

c.Reserve Bank of India

d.Government of India

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

a.Short term purpose

b.Medium term purpose

c.Very Long term purpose

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

a.Finance Minister

b.The State Government

c.Staff Selection Commission

d.The Central Government

22. Who gave the Rupee symbol?

a.Rajeev Shukla

b.Uday Kumar

c.Venkat Subramaniam

d.C. Mukherjee

23. Who mints the coins in India?

a.Reserve Bank of India

b.Ministry of Finance

c.Prime Minister's Office

d.Commerce and Industry Ministry

24. Original headquarters of RBI were located at ___?

a.Calcutta

b.Madaras

c.Bombay

d.New Delhi

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

a.A.B.A Smith

b.K.A. Narasimham

c.A.K. Vadia

d.V.K. Malhotra

26. 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.all are correct

b.1,3 and 4

c.1 and 2

d.2 and 4

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

a.17

b.21

c.22

d.19

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

a.Rs. 20 Crore

b.Rs. 5 Crore

c.Rs. 10 Crore

d.Rs. 15 Crore

29. The term of Appointment of RBI Governor is

a.1 year

b.4 years

c.5 years

d.10 years

30. Regional Rural Banks were established in the year -

a.1973

b.1975

c.1972

d.1969

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

a.Functional Specialisation

b.Functional Foremanship

c.Military Organisation

d.Divisional Structure

32. When was Lead Bank Scheme introduced?

a.1969

b.1967

c.1974

d.1968

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

a.Chamberlain Commission

b.Narasimham-II Committee

c.British Raj

d.Hilton Young Commission

34. On which date, RBI started working?

a.1st April 1935

b.1st January 1934

c.1st January 1935

d.31st March 1934

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

a.1934

b.1921

c.1935

d.1956

36. What is CRR?

a.Credit Rating Record

b.Review Report

c.Current Ration Rate

d.Cash Reserve ratio

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

a.50%

b.25%

c.35%

d.15%

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

a.Ten Rupee

b.Two Rupee

c.One Rupee

d.Five Rupee

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

a.10 years

b.20 years

c.3 years

d.5 years

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

a.RBI

b.Government of India

c.By resoective banks

d.Both of the above

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

a.Hilton Young Commission

b.Keynes Commision

c.Chamberlain Commission

d.None of the Above

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

a.January 1st 1935

b.July 1st 1955

c.July 1st 1959

d.Feb 26 1947

43. What are the principles of issuing notes?

a.Elasticity

b.All of the above

c.Uniformity

d.Security

44. Thw RBI was originally setup a ____

a.Development Bank

b.Public Bank

c.Private Bank

d.Merchant Bank

45. When was Reserve Bank of India established?

a.1925

b.1935

c.1920

d.1948

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

a.State Bank of India

b.Nationalised Banks

c.Reserve Bank of India

d.NABARD

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

a.The Agricultural Department

b.Advisory Committee

c.The issue Department

d.The Loan Department

48. Credit authorization scheme was introduced by RBI in:

a.1949

b.1965

c.1935

d.1969

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

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