BNB Quiz Quest: Reserve Bank Of India

What is the main function of the Reserve Bank of India?

• Issue of licenses to commercial banks

• Control and regulate the issue of currency

• Control and supervise the monetary system

• All of the above

In which year was the Reserve Bank of India established?

• 1925

• 1935

• 1945

• 1955

Who was the first Governor of the Reserve Bank of India?

• Sir Benegal Rama Rau

• C.D. Deshmukh

• Sir Osborne Smith

• • Manmohan Singh

Which of the following committees is associated with the recommendations on financial sector reforms in India?

• Narasimham Committee

• Sarkaria Committee

• Malhotra Committee

• Gandhi Committee

What does CRR stand for in banking terminology?

• Cash Reserve Ratio

• Credit Reserve Ratio

• Cash Repo Rate

• Credit Repo Rate