RBI (CLASS ASSIGNMENT)
1) On which of the following date, RBI was established?
a) 22nd April, 1934 b) 1st August, 1935
c) 1st April, 1935 d) 22nd August, 1934
2) Who was the first Indian Governor of RBI?
a) Kuldeep Pathak b) Dr. Rajyavardhan Sharma
c) Sir Mukund Khanna d) Sir C.D. Deshmukh
3) Which of the following factors is/ are considered by the RBI to determine the number of notes
to be issued by it?
I) GDP Growth II) Inflation
III) Replacement of soiled banknotes IV) Reserve Stock Requirements
Correct Statement:
a) I and II b) II and III
c) I and IV d) All of the above
4) According to the which section of the RBI Act of 1934, RBI is liable to pay the value of bank -
note to its holder?
a) Section 22 b) Section 24
c) Section 26 d) Section 30
5) Which of the following coins is not issued by the RBI?
a) Rs 1 b) Rs 10
c) Rs 100 d) Rs 50
6) RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5
paise, 10 paise, 20 paise and 25 paise in which year?
a) 2010 b) 2011
c) 2005 d) 1990
7) RBI is a member of which of the following?
a) Asian Clearing Union b) IMF
c) Commonwealth Bank of Australia d) Both a and b
8) Which of the following is/ are the Quantitative Instrument of RBI?
a) CRR b) SLR
c) Bank Rate d) All of the above
9) Which statement is not true regarding RBI?
a) It is the Central Bank of India. b) It was established in 1935.
c) It can issue currency notes. d) Personal account can be opened in RBI.
10) Who was the first Governor of RBI?
a) David Warner b) Sir Phillip Smith
c) James Watson d) Sir Osborne Smith
11) Who was the first woman Deputy Director of RBI?
a) Suhani Sharma b) Vidya S
c) K J Udeshi d) Anuradha Basu
12) RBI can issue currency notes up to which denomination?
a) Rs 2000 b) Rs 10000
c) Rs 500 d) Rs 20000
13) In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay)?
a) 1937 b) 1935
c) 1938 d) 1945
14) Who had the longest tenture as the Governor of RBI?
a) Raghuram Rajan b) Dr. Manmohan Singh
c) Sir Benegal Rama Rau d) R Gandhi
15) Who had the shortest tenture as the Governor of RBI?
a) Dr. Manmohan Singh b) Amitav Ghosh
c) Sir Benegal Rama Rau d) S. S Mundra
RBI (CLASS ASSIGNMENT)
16) Who is the 24th Governor of RBI?
a) Raghuram Rajan b) Dr. Manmohan Singh
c) Urjit Patel d) S. S Mundra
17) The logo of RBI consists of which animal?
a) Elephant b) Tiger
c) Black Buck d) Lion
18) Which of the following schemes was formulated by the RBI?
a) Mahatma gandhi National rural employment guarantee scheme
b) Rashtriya Swathya Bima Yojona
c) Banking Ombudsman Scheme d) Jan Dhan Yojona
19) What is CRR
a) Cash Reserve Ratio b) Current Ratio Rate
c) Credit Rating Record d) Cash Review Report
20) Which among the following would not help RBI to control the inflation in the country?
a) Increase in Reserve Ratio Requirements b) Increase in Bank Rate
c) Purchase of securities in open market d) Increase in Repo Rate
21) Which of the followong Governors of RBI also served as the Finance Minister of India?
a) Pranav Mukherjee b) Amitabha Ghosh
c) Sir Benegal Rama Rau d) Dr. Manmohan Singh
22) In which of the following cities, the regional head quarters of RBI is not situated?
a) New Delhi b) Mumbai
c) Bengaluru d) Kolkata
23) Which of the following institutes is/are established by RBI?
a) Indira Gandhi Institute for Development Research (IGIDR)
b) Institute for Development and Research in Banking Technology, Hyderabad (IDRBT)
c) National Institute of Bank Management (NIBM)
d) All of these
24) Which is not a function of RBI?
a) Holding cash reserves of all commercial banks and make available financial accommodation
to them
b) Assuming responsibility of all banking operations of the government
c) Assuming the responsibility of the statistical analysis of data related to macro economy of
India
d) Assuming the responsibility to meet directly or indirectly all reasonable demands for the
accommodation
25) When was Indian banking act come into force?
a) 1948 b) 1949
c) 1947 d) 1955
