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. Bank rate is decided by which of the following?

a.Government of India

b.Reserve Bank of India

c.State Bank of India

d.Securities and Exchange Board of India

2. What are the principles of issuing notes?

a.Uniformity

b.Elasticity

c.Security

d.All of the above

3. Who gave the Rupee symbol?

a.C. Mukherjee

b.Venkat Subramaniam

c.Rajeev Shukla

d.Uday Kumar

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

a.Government of India

b.Both of the above

c.RBI

d.By resoective banks

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

a.Divisional Structure

b.Functional Specialisation

c.Functional Foremanship

d.Military Organisation

6. Original headquarters of RBI were located at ___?

a.Bombay

b.Calcutta

c.New Delhi

d.Madaras

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

a.50%

b.25%

c.35%

d.15%

9. When was the second phase of nationalisation done

a.10th July 1968

b.15th April, 1980

c.16th August 1985

d.9th July 1969

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

a.Credit controller

b.Bank of the banks

c.Allocating funds directly to the farmers for agricultural developmen

d.Custodian of foreign currency

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

a.1935

b.1921

c.1934

d.1956

12. The term of Appointment of RBI Governor is

a.1 year

b.4 years

c.5 years

d.10 years

13. When was Indian Banking Act come into force?

a.1949

b.1951

c.1950

d.1948

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

a.British Raj

b.Chamberlain Commission

c.Hilton Young Commission

d.Narasimham-II Committee

15. What is CRR?

a.Cash Reserve ratio

b.Current Ration Rate

c.Credit Rating Record

d.Review Report

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

a.19

b.22

c.21

d.17

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

a.1970

b.2004

c.1980

d.1952

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

a.Issuing of one rupee notes and coins

b.Acting as bankers to the Government

c.Regulating credit in the country

d.Keeping of Foreign Exchange Reserve

19. 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.20

b.Rs.10

c.Rs.5

d.Rs.1

20. 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.1,3 and 4

b.all are correct

c.2 and 4

d.1 and 2

21. When was Lead Bank Scheme introduced?

a.1968

b.1967

c.1974

d.1969

22. On which date, RBI started working?

a.1st April 1935

b.31st March 1934

c.1st January 1935

d.1st January 1934

23. Who signs on the Rs. 1 note?

a.Prime Minister

b.Finance Secretary

c.RBI Governor

d.Finance Minister

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

a.Rs. 10 Crore

b.Rs. 5 Crore

c.Rs. 15 Crore

d.Rs. 20 Crore

25. When was Reserve Bank of India established?

a.1935

b.1925

c.1948

d.1920

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

a.3 years

b.5 years

c.10 years

d.20 years

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

a.Nationalised Banks

b.NABARD

c.Reserve Bank of India

d.State Bank of India

28. In which year the RBI act was passed?

a.1969

b.1921

c.1934

d.1955

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

a.The issue Department

b.The Agricultural Department

c.The Loan Department

d.Advisory Committee

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

a.Cash Reserve ratio

b.Blue Chip

c.Repo Rate

d.Bank rate

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

a.All of the above

b.Reduction in CRR and SLR

c.Decrease in Repo Rate

d.Purchase of Securities in Open Market

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

a.Hilton Young Commission

b.Chamberlain Commission

c.None of the Above

d.Keynes Commision

33. Head office of RBI is located in:

a.Kolkata

b.Delhi

c.Chennai

d.Mumbai

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

a.5

b.20

c.100

d.10

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

a.Three

b.Four

c.Two

d.One

36. Regional Rural Banks were established in the year -

a.1969

b.1973

c.1972

d.1975

37. The largest revenue in India is obtained from

a.Direct Taxes

b.Excise Duty

c.Sales Tax

d.Railways

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

a.1914

b.1929

c.1949

d.1935

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

a.A.B.A Smith

b.A.K. Vadia

c.K.A. Narasimham

d.V.K. Malhotra

40. 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

41. 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

42. Thw RBI was originally setup a ____

a.Public Bank

b.Development Bank

c.Merchant Bank

d.Private Bank

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

a.Finance Minister

b.Staff Selection Commission

c.The State Government

d.The Central Government

44. 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

45. Who mints the coins in India?

a.Reserve Bank of India

b.Commerce and Industry Ministry

c.Ministry of Finance

d.Prime Minister's Office

46. Credit authorization scheme was introduced by RBI in:

a.1965

b.1969

c.1949

d.1935

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

a.1947

b.1950

c.1949

d.1948

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

a.Short term purpose

b.Very Long term purpose

c.Medium term purpose

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

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