Where is the headquarters of RBI located?
(A) Kolkata
(B) Mumbai
(C) Chennai
(D) Delhi
The Central Office of the Reserve Bank was initially established in Kolkata which was permanently shifted to Mumbai in 1937. The Central Office is the office where the Governor sits and where policies are formulated.
In which of the following is not a function of the Reserve Bank of India?
(A) Bank of banks
(B) Bank of government
(C) Accepting deposits from public
(D) Issuing notes
The correct answer is Lending money to public. Lending money to public is not the function of RBI. Reserve Bank of India is the central bank and regulatory body of India under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of Indian Rupees and regulation of Indian banking system.
Who issues currency notes in India?
(A) Finance Secretary
(B) Reserve Bank of India
(C) Finance Ministry
(D) State Bank of India
RBI issues currency and exchanges it. You must be knowing that these notes have the signature of RBI Governor. Although 1 rupee note is the smallest in the entire Indian currency, it does not have the signature of RBI Governor. Actually, RBI does not issue one rupee note.2
Choose the option related to Special Drawing Rights (SDR) from the following?
(A) Reserve Bank of India
(B) World Trade Organization
(C) International Monetary Fund
(D) World Bank
The unit of SDR is XDR. These rights were created in 1969. There are only five currencies in the world which are linked to SDR and those currencies are Chinese Yuan, Japanese Yen, US Dollar, Euro and Pound Sterling.
Which Five Year Plan was implemented by the Congress Government during its tenure for the period 1980-85?
(A) Sixth Five Year Plan
(B) Fifth Five Year Plan
(C) Third Five Year Plan
(D) Second Five Year Plan
The Sixth Five Year Plan marked the beginning of economic liberalisation. Price controls were abolished and ration shops were closed. This led to a rise in food prices and an increase in the cost of living.
In which year “National Electronic Funds Transfer” was introduced, choose the correct option from the following.
(A) 2002
(B) 2003
(C) 2004
(D) 2005
The full form of NEFT is National Electronic Funds Transfer. Reserve Bank of India (RBI) introduced this system of fund transfer in 2005.
Who among the following estimated the national income for the first time in India?
(A) Dadabhai Naoroji
(B) Sardar Patel
(C) Mahalanobis
(D) VKRV Rao
Dadabhai Naoroji was the first Indian to estimate the national income of the country. 2. The National Income Committee established in 1949 in India after independence was headed by Professor V.
At present, full convertibility of the rupee is applicable in India on which of the balance of payments?
(A) Current account
(B) Capital account
(C) Trade account only
(D) All of the above
He said that the government had allowed the rupee to be fully convertible in the current account in 1994. Since then, the rupee is being made convertible in the capital account also. At present, the Indian currency is convertible only in the current account.
Which bank is the central bank of India?
(A) Bank of India
(B) Reserve Bank of India
(C) State Bank of India
(D) Union Bank of India
The central office of the Reserve Bank was initially established in Kolkata which was permanently shifted to Mumbai in 1937. The central office is the office where the governor sits and where policies are formulated.
Which bank is called the bank of banks in India?
(A) State Bank of India
(B) Bank of India
(C) Central Bank of India
(D) Reserve Bank of India
The Government Banking Division of the Reserve Bank of India and the network of branches of agency banks appointed under Section 45 of the Reserve Bank of India Act deal with government transactions.
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