Top 50+ Solved Reserve Bank of India MCQ Questions Answer
Q. The Reserve Bank of India was established on _______.
a. April 1, 1935
b. July 12, 1982
c. May 26, 2006
d. September 30, 2005
Q. Which among the following is incorrect?
a. RBI is the Bank of Issue
b. RBI acts as Banker to the Government
c. RBI is Banker's Bank
d. RBI does not regulate the flow of credit
Q. RBI provides the Ways and Means Advances to whom?
a. Central Government
b. State Government
c. Commercial Banks
d. All of these
Q. Who was the first Indian Governor of RBI?
a. Kuldeep Pathak
b. Dr. Rajyavardhan Sharma
c. Sir Mukund Khanna
d. Sir C.D. Deshmukh
Q. Which is not a function of RBI?
a. Holding cash reserves of all commercial banks and make available financial accommodation to them
b. Assuming responsibility of all banking operations of the government
c. Assuming the responsibility of the statistical analysis of data related to macro economy of India
d. Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation
Q. Which of the following statements is/are not true about RBI?
a. RBI is the Bank of Issue.
b. RBI acts as the Banker of the Government.
c. RBI is known as the Banker's Bank.
d. RBI does not regulate the credit flow.
Q. The Government picked up the entire Share of SBI held by the RBI according to which of the followingguidelines?
a. Securities Commission
b. SEBI
c. National Stock Exchange of India
d. Financial Regulations
Q. Which of the following Governors of RBI also served as the Finance Minister of India?
a. Pranav Mukherjee
b. Amitabha Ghosh
c. Sir Benegal Rama Rau
d. Dr. Manmohan Singh
Q. In which of the following cities, the regional headquarters of RBI is not situated?
a. New Delhi
b. Mumbai
c. Bengaluru
d. Kolkata
Q. Which among the following would not help RBI to control the inflation in the country?
a. Increase in Reserve Ratio Requirements
b. Increase in Bank Rate
c. Purchase of securities in open market
d. Increase in Repo Rate
Q. In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay)?
a. 1936
b. 1937
c. 1938
d. 1939
Q. Who was the first Governor of RBI?
a. David Warner
b. Sir Phillip Smith
c. James Watson
d. Sir Osborne Smith