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. What is CRR?

a.Cash Reserve ratio

b.Current Ration Rate

c.Review Report

d.Credit Rating Record

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

a.Acting as bankers to the Government

b.Issuing of one rupee notes and coins

c.Keeping of Foreign Exchange Reserve

d.Regulating credit in the country

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

a.Securities and Exchange Board of India

b.Reserve Bank of India

c.State Bank of India

d.Government of India

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

a.1950

b.1948

c.1947

d.1949

5. Thw RBI was originally setup a ____

a.Merchant Bank

b.Public Bank

c.Development Bank

d.Private Bank

6. When was Reserve Bank of India established?

a.1925

b.1920

c.1948

d.1935

7. When was Indian Banking Act come into force?

a.1950

b.1948

c.1951

d.1949

8. 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

9. 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

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

a.1949

b.1914

c.1929

d.1935

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

a.5 years

b.3 years

c.10 years

d.20 years

12. Head office of RBI is located in:

a.Chennai

b.Mumbai

c.Delhi

d.Kolkata

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

a.Both of the above

b.RBI

c.By resoective banks

d.Government of India

14. 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

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

a.All of the above

b.Decrease in Repo Rate

c.Reduction in CRR and SLR

d.Purchase of Securities in Open Market

16. 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.1

b.Rs.5

c.Rs.20

d.Rs.10

17. What are the principles of issuing notes?

a.Elasticity

b.All of the above

c.Uniformity

d.Security

18. 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

19. 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

20. The term of Appointment of RBI Governor is

a.1 year

b.10 years

c.5 years

d.4 years

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

a.Nationalised Banks

b.State Bank of India

c.NABARD

d.Reserve Bank of India

22. Credit authorization scheme was introduced by RBI in:

a.1969

b.1965

c.1935

d.1949

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

a.One

b.Two

c.Three

d.Four

24. Regional Rural Banks were established in the year -

a.1969

b.1972

c.1975

d.1973

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

a.100

b.5

c.10

d.20

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

a.Ten Rupee

b.One Rupee

c.Two Rupee

d.Five Rupee

27. Original headquarters of RBI were located at ___?

a.New Delhi

b.Bombay

c.Madaras

d.Calcutta

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

a.A.B.A Smith

b.K.A. Narasimham

c.A.K. Vadia

d.V.K. Malhotra

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

a.Rs. 20 Crore

b.Rs. 15 Crore

c.Rs. 5 Crore

d.Rs. 10 Crore

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

a.Military Organisation

b.Functional Foremanship

c.Divisional Structure

d.Functional Specialisation

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

a.17

b.19

c.21

d.22

32. 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

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

a.2004

b.1970

c.1980

d.1952

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

a.1935

b.1921

c.1934

d.1956

35. In which year the RBI act was passed?

a.1955

b.1934

c.1921

d.1969

36. When was the second phase of nationalisation done

a.15th April, 1980

b.9th July 1969

c.16th August 1985

d.10th July 1968

37. On which date, RBI started working?

a.1st January 1934

b.31st March 1934

c.1st April 1935

d.1st January 1935

38. 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

39. Who signs on the Rs. 1 note?

a.RBI Governor

b.Finance Minister

c.Finance Secretary

d.Prime Minister

40. Who gave the Rupee symbol?

a.Venkat Subramaniam

b.Rajeev Shukla

c.Uday Kumar

d.C. Mukherjee

41. When was Lead Bank Scheme introduced?

a.1967

b.1974

c.1968

d.1969

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

a.Repo Rate

b.Blue Chip

c.Bank rate

d.Cash Reserve ratio

43. 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

44. Who mints the coins in India?

a.Ministry of Finance

b.Commerce and Industry Ministry

c.Reserve Bank of India

d.Prime Minister's Office

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

a.Hilton Young Commission

b.Narasimham-II Committee

c.British Raj

d.Chamberlain Commission

46. The largest revenue in India is obtained from

a.Railways

b.Sales Tax

c.Excise Duty

d.Direct Taxes

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

a.Allocating funds directly to the farmers for agricultural developmen

b.Bank of the banks

c.Custodian of foreign currency

d.Credit controller

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

a.25%

b.15%

c.50%

d.35%

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

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