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. 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

2. 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

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

a.Reduction in CRR and SLR

b.Decrease in Repo Rate

c.All of the above

d.Purchase of Securities in Open Market

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

a.L.K. Jha

b.C.D. Deshmukh

c.Osborne Smith

d.C.Rajagopalachari

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

a.15%

b.25%

c.50%

d.35%

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

a.1952

b.1970

c.2004

d.1980

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

a.Keynes Commision

b.Chamberlain Commission

c.None of the Above

d.Hilton Young Commission

8. What are the principles of issuing notes?

a.Security

b.Elasticity

c.Uniformity

d.All of the above

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

a.Rs. 15 Crore

b.Rs. 20 Crore

c.Rs. 10 Crore

d.Rs. 5 Crore

10. Head office of RBI is located in:

a.Kolkata

b.Mumbai

c.Chennai

d.Delhi

11. In which year the RBI act was passed?

a.1934

b.1955

c.1921

d.1969

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

a.Custodian of foreign currency

b.Credit controller

c.Allocating funds directly to the farmers for agricultural developmen

d.Bank of the banks

13. Credit authorization scheme was introduced by RBI in:

a.1965

b.1949

c.1969

d.1935

14. Thw RBI was originally setup a ____

a.Private Bank

b.Merchant Bank

c.Development Bank

d.Public Bank

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

a.1935

b.1934

c.1921

d.1956

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

a.Blue Chip

b.Repo Rate

c.Bank rate

d.Cash Reserve ratio

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

a.Three

b.One

c.Four

d.Two

18. 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

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

a.Staff Selection Commission

b.Finance Minister

c.The Central Government

d.The State Government

20. On which date, RBI started working?

a.1st April 1935

b.1st January 1934

c.1st January 1935

d.31st March 1934

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

a.State Bank of India

b.Reserve Bank of India

c.NABARD

d.Nationalised Banks

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

a.Regulating credit in the country

b.Issuing of one rupee notes and coins

c.Keeping of Foreign Exchange Reserve

d.Acting as bankers to the Government

23. 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

24. Who signs on the Rs. 1 note?

a.Finance Minister

b.RBI Governor

c.Finance Secretary

d.Prime Minister

25. When was the second phase of nationalisation done

a.9th July 1969

b.15th April, 1980

c.16th August 1985

d.10th July 1968

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

a.21

b.19

c.22

d.17

27. 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.1

c.Rs.5

d.Rs.10

28. Regional Rural Banks were established in the year -

a.1969

b.1972

c.1975

d.1973

29. Who gave the Rupee symbol?

a.Uday Kumar

b.C. Mukherjee

c.Venkat Subramaniam

d.Rajeev Shukla

30. The largest revenue in India is obtained from

a.Direct Taxes

b.Railways

c.Sales Tax

d.Excise Duty

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

a.V.K. Malhotra

b.A.B.A Smith

c.A.K. Vadia

d.K.A. Narasimham

32. Who mints the coins in India?

a.Prime Minister's Office

b.Commerce and Industry Ministry

c.Reserve Bank of India

d.Ministry of Finance

33. 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

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

a.Functional Foremanship

b.Military Organisation

c.Divisional Structure

d.Functional Specialisation

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

a.Ten Rupee

b.Two Rupee

c.One Rupee

d.Five Rupee

36. When was Indian Banking Act come into force?

a.1949

b.1950

c.1951

d.1948

37. When was Reserve Bank of India established?

a.1925

b.1948

c.1920

d.1935

38. When was Lead Bank Scheme introduced?

a.1967

b.1969

c.1974

d.1968

39. Original headquarters of RBI were located at ___?

a.Bombay

b.Calcutta

c.Madaras

d.New Delhi

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

a.1947

b.1948

c.1950

d.1949

41. What is CRR?

a.Current Ration Rate

b.Review Report

c.Credit Rating Record

d.Cash Reserve ratio

42. The term of Appointment of RBI Governor is

a.4 years

b.5 years

c.10 years

d.1 year

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

a.July 1st 1959

b.January 1st 1935

c.July 1st 1955

d.Feb 26 1947

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

a.Hilton Young Commission

b.British Raj

c.Chamberlain Commission

d.Narasimham-II Committee

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

a.The Agricultural Department

b.Advisory Committee

c.The Loan Department

d.The issue Department

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

a.RBI

b.Both of the above

c.Government of India

d.By resoective banks

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

a.1929

b.1935

c.1914

d.1949

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

a.10

b.100

c.20

d.5

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

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