Static GK RBI – Reserve Bank of India MCQ (Set- 1) 1. RBI was established on: 15 August 1947 26 January 1950 1 April 1935 1 July 1949 2. RBI was established based on the recommendations of: Simon Commission Hilton Young Commission Hunter Commission Sarkaria Commission 3. The RBI Act was passed in: 1932 1934 1947 1950 4. RBI headquarters was initially established in Delhi Mumbai Kolkata Chennai 5. RBI headquarters was permanently shifted to Mumbai in: 1935 1937 1947 1949 6. RBI was nationalized in 1935 1947 1949 1952 7. RBI is fully owned by: Private banks Parliament Government of India SEBI 8. RBI emblem consists of: Lion and Ashoka Chakra Tiger and Palm Tree Elephant and Banyan Tree Peacock and Lotus 9. RBI’s Central Board of Directors is appointed for 2 years 3 years 4 years 5 years 10. RBI works under the jurisdiction of: Finance Commission Ministry of Finance Planning Commission NITI Aayog 11. Maximum number of deputy governors in RBI: 2 3 4 5 12. First Governor of RBI: C.D. Deshmukh Osborne Smith Shaktikanta Das Bimal Jalan 13. First Indian Governor of RBI: Shaktikanta Das Raghuram Rajan C.D. Deshmukh Urjit Patel 14. Current RBI Governor Urjit Patel Shaktikanta Das Raghuram Rajan Sanjay Malhotra 15. The main objective of the RBI is Profit maximization Currency & credit control Tax collection Export promotion 16. RBI maintains monetary reserves to ensure the following: Employment Stability Profit Imports 17. RBI acts as: Banker to public Banker to banks Industrial bank Export bank 18. RBI ensures price stability through: Fiscal policy Monetary policy Trade policy Tax policy 19. RBI regulates the financial system through the following: Taxation Licensing & supervision Import control Industrial policy 20. RBI is custodian of: Gold only Foreign exchange reserves Agricultural output GDP 21. RBI issues currency under the following: Proportional reserve system Minimum reserve system Gold standard Fixed system 22. RBI manages the public debt of the following: Private banks State governments Central & State governments RBI employees 23. RBI promotes the development of: Only industries Only agriculture Rural & agricultural economy IT sector only 24. Lead Bank Scheme was introduced in: 1950 1969 1980 1991 25. The lead bank scheme follows: One bank – one country One bank – one state One bank – one area One bank – one city 26. IFTAS was established in: 2010 2012 2015 2018 27. The Clean Note Policy was introduced in: 1995 1999 2002 2005 28. RBI advised banks to stop stapling notes in the following: 1999 2000 2002 2005 29. Section 22 of the RBI Act deals with: Banking regulation Currency issue Taxation Loans 30. Section 20 deals with: Currency printing Government business Banking license Monetary policy 31. Section 25 relates to: Governor appointment Design of banknotes Loans Reserves 32. RBI liberalized the licensing policy of urban co-operative banks in: 1985 1991 1993 2000 33. RBI acted as the central bank for Burma till: 1935 1937 1947 1950 34. IDRBT was set up on the recommendation of: Narasimham Committee Rangarajan Committee Kelkar Committee Malhotra Committee Your score is Restart quiz Send feedback