Quiz on the Reserve Bank of India

In which year did the Reserve Bank of India commence operations?

• 1947

• 1949

• 1935

• 1934

What is the primary function of the Reserve Bank of India as outlined in its Preamble?

• To issue currency notes

• To regulate the issue of Bank Notes

• To manage foreign exchange reserves

• To supervise commercial banks

Which Act governs the regulation and supervision of banks and financial institutions in India?

• Reserve Bank of India Act, 1934

• Banking Regulation Act, 1949

• Payment and Settlement Systems Act, 2007

• Foreign Exchange Management Act, 1999

What is the repo rate?

• The rate at which RBI sells government securities

• The rate at which banks lend to customers

• The rate at which RBI borrows money from banks

• The rate at which RBI lends money to banks

Which of the following is NOT a function of the Reserve Bank of India?

• Issuing currency

• Regulating the banking sector

• Managing foreign exchange reserves

• Conducting foreign trade

What does the Cash Reserve Ratio (CRR) require banks to do?

• Provide loans to priority sectors

• Hold a portion of deposits in liquid cash with RBI

• Maintain a minimum capital adequacy ratio

• Invest a percentage of deposits in government securities

Which of the following Acts governs the management of government securities?

• Foreign Exchange Management Act, 1999

• Reserve Bank of India Act, 1934

• Banking Regulation Act, 1949

• Government Securities Act, 2006

What is the primary goal of the RBI's monetary policy?

• To regulate stock markets

• To promote foreign investment

• To maintain price stability

• To increase government revenue

Which of the following is a key component of the RBI's monetary policy instruments?

• Public debt management

• Open market operations

• Taxation policies

• Government spending

What is the role of the Banking Ombudsman?

• To regulate interest rates

• To resolve customer complaints against banks

• To supervise bank operations

• To issue banking licenses