WorksheetsRbi Legal framework ( RBI ACT )
Total questions: 17
Worksheet time: 9mins
There are total of ____ sections in the Rbi Act , 1934
58
59
60
61
Establishment and incorporation of Reserve bank comes under section _____ of RBi act 1934 ?
1
2
3
4
Capital of rbi comes under section ____ of rbi act
1
2
3
4
Initial capital investment in rbi was _____ 5 crores according to section _____
5 crores , 3
5 crores , 4
4 crores , 3
4 crores , 4
Section 6 deals with _____ of rbi
Offices , branches , agencies
capital investment
regulation
establishment
Section 8 of rbi act deals with _____
Composition of central board of rbi
establishment of rbi
offices , branches , agencies
capital investment
Section ___ tells us about the business that rbi can carry out
15
16
17
18
Section ___ obligates the banks to transact government business
17
18
19
20
Section ______ gives RBI right to transact gov business in india
19
20
21
22
Section _____ focuses on RBI to transact Government business of States on agreement.
20A
21A
22A
23A
Section______ of rbi act gives it right to issue bank notes.
22
21
34
32
Section 24 of the rbi act talks about the ________
circulation of notes
printing of notes
denomination of notes
minting of coins
According to section 28 of the rbi act 1934 The Bank shall not re-issue bank notes which are torn, defaced or excessively soiled.
TRUE
FALSE
Section _____ makes notes issued by the rbi as a legal tender , guaranteed by the central government
21
22
34
26
Choose true or false
Section 41: Cash reserves of scheduled banks to be kept with the Bank.
Section 42: Cash reserves of scheduled banks to be kept with the Bank.
Section 41: Cash reserves of scheduled banks to be kept with the with themself.
Section 42: Cash reserves of scheduled banks to be kept with the themself.
Choose true or false
Section 41(U): Defines repo, reverse repo, derivative, money market instruments and securities.
Section 45(U): Defines repo, reverse repo, derivative, money market instruments and securities.
Section 42U): Defines repo, reverse repo, derivative, money market instruments and securities.
Section 44(U): Defines repo, reverse repo, derivative, money market instruments and securities.
Choose true or false
The second schedule of the Act lists all the NON-SCHEDULED BANKS in India.
The second schedule of the Act lists all the Cooperative BANKS in India.
The second schedule of the Act lists all the SCHEDULED BANKS in India.
The second schedule of the Act lists all the Private BANKS in India.
