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

a.Purchase of Securities in Open Market

b.Decrease in Repo Rate

c.Reduction in CRR and SLR

d.All of the above

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

a.1970

b.1952

c.2004

d.1980

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

a.3 years

b.5 years

c.20 years

d.10 years

4. 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

5. When was Lead Bank Scheme introduced?

a.1969

b.1967

c.1974

d.1968

6. What is CRR?

a.Credit Rating Record

b.Review Report

c.Cash Reserve ratio

d.Current Ration Rate

7. 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.2 and 4

b.1 and 2

c.1,3 and 4

d.all are correct

8. 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.Keeping of Foreign Exchange Reserve

d.Regulating credit in the country

9. 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

10. Who gave the Rupee symbol?

a.C. Mukherjee

b.Uday Kumar

c.Venkat Subramaniam

d.Rajeev Shukla

11. The largest revenue in India is obtained from

a.Excise Duty

b.Direct Taxes

c.Sales Tax

d.Railways

12. Head office of RBI is located in:

a.Delhi

b.Mumbai

c.Kolkata

d.Chennai

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

a.19

b.17

c.21

d.22

14. Thw RBI was originally setup a ____

a.Public Bank

b.Development Bank

c.Private Bank

d.Merchant Bank

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

a.25%

b.50%

c.35%

d.15%

16. Original headquarters of RBI were located at ___?

a.New Delhi

b.Bombay

c.Calcutta

d.Madaras

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

a.British Raj

b.Narasimham-II Committee

c.Hilton Young Commission

d.Chamberlain Commission

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

a.State Bank of India

b.Reserve Bank of India

c.Government of India

d.Securities and Exchange Board of India

19. When was Reserve Bank of India established?

a.1948

b.1920

c.1935

d.1925

20. When was the second phase of nationalisation done

a.16th August 1985

b.15th April, 1980

c.10th July 1968

d.9th July 1969

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

a.Two

b.One

c.Three

d.Four

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

a.1949

b.1950

c.1947

d.1948

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

a.1956

b.1934

c.1921

d.1935

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

a.Both of the above

b.RBI

c.Government of India

d.By resoective banks

25. In which year the RBI act was passed?

a.1969

b.1934

c.1921

d.1955

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

a.The Agricultural Department

b.The Loan Department

c.Advisory Committee

d.The issue Department

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

a.Osborne Smith

b.L.K. Jha

c.C.Rajagopalachari

d.C.D. Deshmukh

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

a.100

b.5

c.10

d.20

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

a.July 1st 1955

b.January 1st 1935

c.Feb 26 1947

d.July 1st 1959

30. Credit authorization scheme was introduced by RBI in:

a.1965

b.1935

c.1949

d.1969

31. On which date, RBI started working?

a.31st March 1934

b.1st January 1934

c.1st January 1935

d.1st April 1935

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

a.Repo Rate

b.Cash Reserve ratio

c.Blue Chip

d.Bank rate

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

a.1st July to 1st June

b.1st April to 30th March

c. January 1 to December 31

d.1st July to 30th June

34. 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

35. Who signs on the Rs. 1 note?

a.Finance Secretary

b.Finance Minister

c.RBI Governor

d.Prime Minister

36. Regional Rural Banks were established in the year -

a.1973

b.1969

c.1972

d.1975

37. What are the principles of issuing notes?

a.All of the above

b.Uniformity

c.Security

d.Elasticity

38. When was Indian Banking Act come into force?

a.1951

b.1949

c.1950

d.1948

39. Who mints the coins in India?

a.Prime Minister's Office

b.Ministry of Finance

c.Commerce and Industry Ministry

d.Reserve Bank of India

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

a.The State Government

b.The Central Government

c.Finance Minister

d.Staff Selection Commission

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

a.A.K. Vadia

b.A.B.A Smith

c.K.A. Narasimham

d.V.K. Malhotra

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

a.One Rupee

b.Two Rupee

c.Ten Rupee

d.Five Rupee

43. The term of Appointment of RBI Governor is

a.4 years

b.5 years

c.1 year

d.10 years

44. 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.10

d.Rs.5

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

a.1929

b.1949

c.1914

d.1935

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

a.None of the Above

b.Hilton Young Commission

c.Keynes Commision

d.Chamberlain Commission

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

a.Functional Foremanship

b.Functional Specialisation

c.Military Organisation

d.Divisional Structure

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

a.Rs. 5 Crore

b.Rs. 10 Crore

c.Rs. 15 Crore

d.Rs. 20 Crore

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