When was Reserve Bank of India (RBI) formed?

• 1930

• 1935

• 1947

• 1949

Who was the First Reserve Bank of India (RBI) Governor ?

• Sir James Taylor

• Sir C D Deshmukh

• Sir Osborne Smith

• P C Bhattacharya

Which Commission recommended the formation of Reserve Bank of India (RBI) ?

• Hilton Young Commission

• Kelkar Commission

• B. shivaraman commission

• Jain commission

Who is the present Governor of RBI ?

• Dr. Raghuram Rajan

• Dr. C Rangarajan

• Dr. Manmohan Singh

• Sri. Shakthikanta Das

Who introduced the Banking Ombudsman Scheme ?

• SBI

• RBI

• PNB

• INB

Which of the following is not the work of RBI?

• Bank of the banks

• Credit controller

• Custodian of foreign currency

• Allocating funds directly to the farmers for agricultural development

Who mints the coins in India?

• Ministry of Finance

• Reserve Bank of India

• Prime Minister's Office

• Commerce and Industry Ministry

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

• Cash reserve ratio

• Repo Rate

• Bank rate

• Moral policing

The section 19 of the Reserve Bank of India Act, 1934 states that the Reserve Bank of India has been prohibited from?

• Allowing interest on deposits or current accounts.

• Drawing or accepting bills payable

• Making loans or advances to public

• All of the above

Rupee coins are the legal tender in India under the provisions of?

• The Reserve Bank of India Act, 1934

• Indian Coinage Act, 1906

• Banking Regulation Act, 1949

• Negotiable instruments Act, 1881