MCQ'S ON RESERVE BANK OF INDIA (rbi) @JKSSB / CSE

 

1. Which of the following is true about RBI

A. RBI is the central Bank of India, established in 1935 & nationalized in 1949.

B. Ist Governor of RBI was SIR SMITH (1935-37) & Ist Indian Governor was CD DESHMUKH (1948-49)

C. RBI electronic communication network name is RBINET. The headquarters of RBI are at Mumbai

D. All of the Above  

2. The administration unit of RBI consists of

A. 21 members –including one Governor, 4 Deputy Governor, 14 directors in central Board of directors, TWO Govt. official

B. 4 regional Directors and one Governor only

C. Governor and 4 deputy governor

D. None of the above

3. In Indian Currency, the one rupee note is issued under the signature of –

A. Governor of RBI           B. President of India

C. Finance secretary,MoF    D. FM , GOI

4. Currency notes of Rs. 2 denominations and above are liabilities of __

A. GOI       B. RBI      C. SBI       D. FM, GOI

5. In India, Currency Notes Issue system, is based on –

A. Proportional Reserve ratio

B. Minimum Reserve ratio

C. Fixed exchange reserve ratio

D. NOTA

6. Who formulates the monetary policy of India

A. RBI     B.SEBI     C. FM,GOI     D. Niti, Aayog

7. Which of the following is not the function of RBI

A. Credit Control

B. As open body of scheduled commercial bank

C. Creation of monetary policy

D. Credit creation

8. RBI has adopted Minimum Reserve system since

A. 1957   B. 1935    C. 1949 D. NOTA

9. The developmental works performed by RBI are /is ;-

A. Clearing House, arranging credit for agriculture

B. Collecting & publishing economic data, selling of govt. securities & trade tills

C. Giving loans to Govt. ,buying & selling valuable commodities etc 

D. All of the above

10. T-Bills are sold in India by –

A. RBI                                  B. State Govt.

 C. Commercial Bank           D. NOTA

11. Which of the following is correct about T-Bills

A. Short term G-secs having maturity less than 1 year

B. T-Bills are classified into three main -91 days, 182 days, 364 days

C. They are issued at discount & redeemed at face value at maturity

D. All of the above

12. Bank Rate increases , then

A. Rate of interest increases      B. Put control on inflation

C. Low credit creation  D . All of the above

13. OMO refers to :-

A. Trade in securities    B. decrease of Repo rate

c. It is selective method of credit control  D. NOTA

14. Increase in Repo rate

A. Contracts economy    B. Expands economy

C. No effect on economy    D. NOTA

15. The gilt-edged market ( Bullion market) deals with

A. Government securities

B. private securities     C. Both Govt. & private securities                       D. NOTA

16. In India, the first bank of limited liability managed by Indian and founded in 1881 was-

A. HCB   B. Oudh Commercial bank   C. PNB D. NOTA

17. Which of the following is incorrectly matched

A. MSF- marginal Standing facility

B. LAF – Liquidity adjustment Facility

C. CRR- cash Reverse Ratio

D. SLR- Statutory Liquidity Ratio

18. Which of the following is/are correct  about functioning of RBI

A. Issue of notes    B. banker of Government

C. Custodian of Foreign Reserve  

D. Controller of Credit    E. All of the Above

19. Who is the Head of RRA (Regulations Review Authority) to be set up for 1 year (wef 01 May 2021)

A. Shaktikant Das   B. M Rajeshwar Rao

C. R Rajan                 D. Rajnath Singh

 20. Who is the current Governor of RBI ( March -April2021) 

A. Shaktikant Das      B. M Rajeshwar Rao     C. Manoj Sihna     D. NOTA