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. Head office of RBI is located in:

a.Kolkata

b.Mumbai

c.Delhi

d.Chennai

2. 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

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

a.15%

b.35%

c.25%

d.50%

4. Regional Rural Banks were established in the year -

a.1973

b.1972

c.1975

d.1969

5. When was Reserve Bank of India established?

a.1935

b.1948

c.1920

d.1925

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

a.Feb 26 1947

b.January 1st 1935

c.July 1st 1955

d.July 1st 1959

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

a.1914

b.1929

c.1949

d.1935

8. The largest revenue in India is obtained from

a.Sales Tax

b.Excise Duty

c.Direct Taxes

d.Railways

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

a.20 years

b.5 years

c.10 years

d.3 years

10. Credit authorization scheme was introduced by RBI in:

a.1969

b.1935

c.1949

d.1965

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

a.21

b.22

c.17

d.19

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

a.1921

b.1935

c.1934

d.1956

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

a.Credit controller

b.Allocating funds directly to the farmers for agricultural developmen

c.Bank of the banks

d.Custodian of foreign currency

14. When was the second phase of nationalisation done

a.15th April, 1980

b.9th July 1969

c.16th August 1985

d.10th July 1968

15. Who gave the Rupee symbol?

a.Uday Kumar

b.Venkat Subramaniam

c.Rajeev Shukla

d.C. Mukherjee

16. What is CRR?

a.Review Report

b.Credit Rating Record

c.Cash Reserve ratio

d.Current Ration Rate

17. Thw RBI was originally setup a ____

a.Merchant Bank

b.Public Bank

c.Development Bank

d.Private Bank

18. On which date, RBI started working?

a.31st March 1934

b.1st January 1935

c.1st April 1935

d.1st January 1934

19. 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

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

a.V.K. Malhotra

b.K.A. Narasimham

c.A.B.A Smith

d.A.K. Vadia

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

a.1980

b.1952

c.2004

d.1970

22. The term of Appointment of RBI Governor is

a.5 years

b.4 years

c.10 years

d.1 year

23. What are the principles of issuing notes?

a.Uniformity

b.Elasticity

c.All of the above

d.Security

24. 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.2 and 4

d.all are correct

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

a.Repo Rate

b.Cash Reserve ratio

c.Blue Chip

d.Bank rate

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

a.All of the above

b.Reduction in CRR and SLR

c.Purchase of Securities in Open Market

d.Decrease in Repo Rate

27. 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

28. Original headquarters of RBI were located at ___?

a.Bombay

b.New Delhi

c.Madaras

d.Calcutta

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

a.Securities and Exchange Board of India

b.Government of India

c.State Bank of India

d.Reserve Bank of India

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

a.Very Long term purpose

b.Medium term purpose

c.Short term purpose

31. Who signs on the Rs. 1 note?

a.Prime Minister

b.Finance Minister

c.Finance Secretary

d.RBI Governor

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

a.By resoective banks

b.Both of the above

c.Government of India

d.RBI

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

a.The State Government

b.The Central Government

c.Staff Selection Commission

d.Finance Minister

34. Who mints the coins in India?

a.Commerce and Industry Ministry

b.Prime Minister's Office

c.Ministry of Finance

d.Reserve Bank of India

35. 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

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

a.NABARD

b.Nationalised Banks

c.State Bank of India

d.Reserve Bank of India

37. 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

38. When was Lead Bank Scheme introduced?

a.1969

b.1967

c.1974

d.1968

39. When was Indian Banking Act come into force?

a.1949

b.1948

c.1950

d.1951

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

a.20

b.100

c.10

d.5

41. 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

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

a.Ten Rupee

b.Five Rupee

c.One Rupee

d.Two Rupee

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

a.1947

b.1949

c.1950

d.1948

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

a.Narasimham-II Committee

b.Chamberlain Commission

c.British Raj

d.Hilton Young Commission

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

a.Divisional Structure

b.Functional Specialisation

c.Military Organisation

d.Functional Foremanship

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

a.Four

b.Three

c.Two

d.One

47. 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.Acting as bankers to the Government

d.Keeping of Foreign Exchange Reserve

48. In which year the RBI act was passed?

a.1955

b.1934

c.1921

d.1969

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

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