[MCQ on RBI, Reserve Bank of India MCQ, Multiple Choice Questions and Answers, AHSEC Class 12 Finance MCQs]
Banking MCQs
Multiple Choice Questions and Answers
MCQ on RBI (Reserve Bank of India MCQ)
1. In which year the RBI act was
passed?
a) 1921
b)
1934
c) 1955
d) 1969
2. In which year RBI came into
existence or established?
a) 1921
b) 1934
c)
1935
d) 1969
3. In which year the RBI nationalized
or becomes a state owned institution?
a) 1921
b) 1934
c) 1935
d)
1949
Hint: The RBI was nationalized under the Reserve Bank (Transfer to
public ownership) Act 1948, on January 1, 1949.
4. How many members are there in the
Central Board of the director of the RBI?
a) 5
b) 10
c)
20
d) 100
Hint: There are 20 members in the Central Board of Directors. Its head office is located in Mumbai.
5. Head office of RBI is located in:
a) Delhi
b) Kolkata
c)
Mumbai
d) Chennai
6. How many local Boards are there in
the organizations structures of RBI?
a) One
b) Two
c) Three
d)
Four
Hint: Four local boards located at Kolkata, Mumbai, New Delhi and
Chennai.
7. Who appointed the Governor and the
deputy governor of RBI
a)
The Central Government
b) The State Government
c) Finance Minister
d) Staff Selection Commission
8. Who was the first governor or RBI?
Ans:
Osborne Smith
9. Who was the first Indian Governor
or RBI?
Ans:
Sri C.D. Deshmukh
10. Who was the present governor or
RBI?
Ans: Sri Shaktikant Das
11. The term of Appointment of RBI
Governor is:
a) 1 Year
b) 4 Years
c)
5 Years
d) 10 Years
12. Who is the chairman of the Central
Board?
Ans: The Government is the chairman of the Central Board.
13. Which department of the RBI is
responsible for issuing currency notes?
a) The Loan Department
b)
The issue Department
c) The Agricultural Department
d) Advisory Committee
Hint: The issue department of the RBI is responsible for issuing
currency notes.
14. In which year the RBI adopted the
minimum reserves system of note issue? 2015
a) 1921
b) 1934
c) 1935
d)
1956
15. One rupee coins and notes are
issued in India by:
a) The Central Government
b) The State Government
c)
Finance Ministry, Government of India.
d) Staff Selection Commission
Hint: The RBI issue currency notes of Rs. 2, Rs. 5, Rs. 10, Rs.
20, Rs. 50, Rs. 100, Rs. 200, Rs. 500 Rs. 2000 denominations. The One Rupee
notes are issued by the Minister of Finance, Government of India.
16. What are the principles of issuing
notes?
a) Uniformity
b) Elasticity
c) Security
d)
All of the above
Hint: The three principles of issuing notes are Uniformity,
Elasticity and Security.
17. The RBI was originally set up a _______
a) Public Bank
b)
Private Bank
c) Development Bank
d) Merchant Bank
18. Which principle is followed to
constitute various departments in RBI?
a) Divisional Structure
b)
‘Functional specialisation’
c) Functional Foremanship
d) Military Organisation
19. Credit authorization scheme was introduced
by RBI in:
a) 1935
b) 1949
c)
1965
d) 1969
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20. Repo rate is the rate at which RBI
lends to scheduled commercial banks for:
a)
Short term purpose
b) Medium term purpose
c) Long term purpose
21. In order to inject money into the
economy, what does RBI do?
a) Decrease in Repo Rate
b) Purchase of Securities in Open Market
c) Reduction in CRR and SLR
d)
All of the above
22. The Bill of discounting for the
first time was introduced by RBI in the year
a)
1952
b) 1970
c) 1980
d) 2004
23. What is the period for the bank
rate of RBI to issue loan for banks?
a)
3 Years
b) 5 Years
c) 10 Years
d) 20 Years
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