MCQ on RBI

Indian Economy MCQ Questions and Answers

MCQ on RBI

In this section, we are sharing MCQs and Answers on RBI (Reserve Bank of India - MCQ) which are very useful for your upcoming exams.

We are sure that you will be finding comprehensive coverage of questions on various topics for the Competitive exam. Affairstudy.com is the one-stop solution for this.

Multiple Choice Questions on Indian Economy for competitive examinations.

MCQ on RBI | Indian Economy

1. The Reserve Bank of India was established on _______.

A) April 1, 1935
B) July 12, 1982
C) May 26, 2006
D) September 30, 2005

... Answer is A)
On April 1, 1935 the Reserve Bank of India, which is the central bank of this country, was established. It was originally started as a shareholders' bank with a share capital of Rs. 5 crores divided into shares of Rs. 100 each, fully paid-up. But since January 1949 the Reserve Bank has been nationalised and it is now purely a concern of the State.

2. Which among the following is incorrect?

A) RBI is the Bank of Issue
B) RBI acts as Banker to the Government
C) RBI is Banker's Bank
D) RBI does not regulate the flow of credit

... Answer is D)
RBI does not regulate the flow of credit--

3. Who works as RBI's agent at places where it has no office of its own?

A) State Bank of India
B) Ministry of Finance
C) Government of India
D) International Monetary Fund

... Answer is A)
The State Bank of India works as RBI's agent at places where it has no office of its own.

4. On which commission's recommendations; Reserve of India was established

A) Chamberlian Commission
B) Hilton Young Commission
C) Keynes Commission
D) None of the above

... Answer is B)
Hilton Young Commission.

5. Who mints the coins in India

A) Ministry of Finance
B) Reserved Bank of India
C) Prime Minister's Office
D) Commerce and Industry Ministry

... Answer is A)
Ministry of Finance

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

A) Osborne Smith
B) C. Rajagopalachari
C) L.K. Jha
D) C.D. Deshmukh

... Answer is D)
C.D. Deshmukh

7. What is the Head Quarter of RBI (Reserve Bank of India)?

A) Mumbai
B) Delhi
C) Kolkata
D) Ahmadabad

... Answer is A)
Mumbai

8. What is the minimum limit of CRR that can be set by the RBI?

A) No Limit
B) 12%
C) 15%
D) 20%

... Answer is A)
No Limit

9. When did the Government appoint for transfer of stake?

A)29 June
B)26 May
C)5 April
D)1 April

... Answer is A)
29 June

10. India is a member of the International Monetary Fund since _____.

A) 1945
B) 1935
C) 1947
D) 1949

... Answer is A)
Since March, 1945 India is a member of the International Monetary Fund.

11. Where is the current account of all other banks are maintained?

A) Finance Ministry
B) RBI
C) State Bank of India
D) World Bank

... Answer is B)
Reserved Bank of India.

12. What is CRR?

A) Cash Reserved Ratio
B) Current Ratio Rate
C) Review Report
D) Credit Rating Record

... Answer is A)
Cash Reserved Ratio.

13. Which of these facilities is given by RBI to the banks for inter-bank transactions?

A) RTGS
B) SWIFT
C) M-PESA
D) All of the above

... Answer is A)
RTGS.

14. Which was the first Bank corporated by the Indians?

A) Imperial Bank of India
B) State Bank of India
C) Avadh Commercial Bank
D) Reserve Bank of India

... Answer is C)
Avadh Commercial Bank.

15. When was the Avadh Commercial Bank established?

A) 1881
B) 1894
C) 1898
D) 1899

... Answer is A)
1881.

16. Who will settle the grievances of customers of banks?

A) Reserved Bank of India
B) State Bank of India
C) Local Courts
D) Ombuds Men

... Answer is D)
Ombuds Men.

17. The share of state Govt in the capital of Regional Rural Bank is

A) 50%
B) 35%
C) 25%
D) 15%

... Answer is D)
15%.

18. The largest revenue in India is obtained from

A) Railways
B) Excise Duty
C) Sales Tax
D) Direct Taxes

... Answer is B)
Excise Duty.

19. The period of Call Money is

A) 10 to 15 Days
B) 1 to 14 Days
C) 15 to 30 Days
D) One Month

... Answer is B)
1 to 14 Days.

20. When was Indian Banking Act come into force?

A) 1948
B) 1949
C) 1950
D) 1951

... Answer is B)
1949

---

This Page Contains:

Indian Economy MCQ, MCQ on RBI, MCQ on RBI Act, MCQ on RBI and Monetary Policy, MCQ on RBI for UPSC, MCQ questions on RBI, Economics MCQ on RBI, mcq on role of rbi, mcq on function of rbi, Reserve Bank of India MCQ, Indian Economy RBI MCQ, Economy Chapterwise MCQ, Mcq on Financial System of India.
 

---

Indian Polity Page
Online Mock Test On GK
Subject Wise Mock Test
Static GK
Math
English