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.All of the above

d.Reduction in CRR and SLR

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

a.Hilton Young Commission

b.Chamberlain Commission

c.Keynes Commision

d.None of the Above

3. 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

4. When was the second phase of nationalisation done

a.10th July 1968

b.15th April, 1980

c.9th July 1969

d.16th August 1985

5. Thw RBI was originally setup a ____

a.Private Bank

b.Merchant Bank

c.Development Bank

d.Public Bank

6. Who signs on the Rs. 1 note?

a.RBI Governor

b.Finance Secretary

c.Finance Minister

d.Prime Minister

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

a.Divisional Structure

b.Military Organisation

c.Functional Foremanship

d.Functional Specialisation

8. Original headquarters of RBI were located at ___?

a.Madaras

b.Calcutta

c.New Delhi

d.Bombay

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

a.The issue Department

b.The Loan Department

c.Advisory Committee

d.The Agricultural Department

10. 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.all are correct

c.1 and 2

d.1,3 and 4

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

a.20 years

b.5 years

c.3 years

d.10 years

12. What are the principles of issuing notes?

a.Security

b.All of the above

c.Elasticity

d.Uniformity

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

a.Two Rupee

b.One Rupee

c.Five Rupee

d.Ten Rupee

14. When was Lead Bank Scheme introduced?

a.1967

b.1974

c.1968

d.1969

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

a.22

b.21

c.19

d.17

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

a.1921

b.1935

c.1934

d.1956

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

a.Keeping of Foreign Exchange Reserve

b.Regulating credit in the country

c.Acting as bankers to the Government

d.Issuing of one rupee notes and coins

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

a.20

b.5

c.100

d.10

19. 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

20. In which year the RBI act was passed?

a.1934

b.1921

c.1969

d.1955

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

a.July 1st 1959

b.Feb 26 1947

c.January 1st 1935

d.July 1st 1955

22. What is CRR?

a.Review Report

b.Current Ration Rate

c.Cash Reserve ratio

d.Credit Rating Record

23. When was Indian Banking Act come into force?

a.1949

b.1950

c.1948

d.1951

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

a.State Bank of India

b.Reserve Bank of India

c.Nationalised Banks

d.NABARD

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

a.Repo Rate

b.Bank rate

c.Blue Chip

d.Cash Reserve ratio

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

a.Narasimham-II Committee

b.British Raj

c.Hilton Young Commission

d.Chamberlain Commission

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

a.One

b.Four

c.Three

d.Two

28. When was Reserve Bank of India established?

a.1920

b.1935

c.1925

d.1948

29. 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.5

c.Rs.1

d.Rs.10

30. The largest revenue in India is obtained from

a.Sales Tax

b.Railways

c.Direct Taxes

d.Excise Duty

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

a.1949

b.1948

c.1950

d.1947

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

a.Rs. 10 Crore

b.Rs. 15 Crore

c.Rs. 20 Crore

d.Rs. 5 Crore

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

a.The Central Government

b.Staff Selection Commission

c.The State Government

d.Finance Minister

34. Who gave the Rupee symbol?

a.C. Mukherjee

b.Venkat Subramaniam

c.Uday Kumar

d.Rajeev Shukla

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

a.1980

b.1952

c.2004

d.1970

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

a.Government of India

b.By resoective banks

c.RBI

d.Both of the above

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

a. January 1 to December 31

b.1st July to 30th June

c.1st April to 30th March

d.1st July to 1st June

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

a.25%

b.50%

c.35%

d.15%

39. Head office of RBI is located in:

a.Chennai

b.Mumbai

c.Kolkata

d.Delhi

40. Regional Rural Banks were established in the year -

a.1972

b.1975

c.1973

d.1969

41. 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

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

a.1935

b.1949

c.1914

d.1929

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

a.Osborne Smith

b.C.D. Deshmukh

c.L.K. Jha

d.C.Rajagopalachari

44. The term of Appointment of RBI Governor is

a.5 years

b.10 years

c.4 years

d.1 year

45. Credit authorization scheme was introduced by RBI in:

a.1965

b.1969

c.1949

d.1935

46. On which date, RBI started working?

a.1st April 1935

b.1st January 1935

c.31st March 1934

d.1st January 1934

47. 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

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

a.Government of India

b.Securities and Exchange Board of India

c.State Bank of India

d.Reserve Bank of India

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

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