Explore topic-wise MCQs in The Reserve Bank of India.

This section includes 85 Mcqs, each offering curated multiple-choice questions to sharpen your The Reserve Bank of India knowledge and support exam preparation. Choose a topic below to get started.

1.

RBI is a member of which of the following ?
A. Asian Clearing Union
B. IMF
C. Commonwealth Bank of Australia
D. Both A and B
Answer» E.
Discussion
2.

Which of the following coins is not issued by the RBI ?
A. Re. 1
B. Rs. 2
C. Rs. 5
D. Rs. 10
Answer» B. Rs. 2
Discussion
3.

Which of the following is/ are the Quantitative Instrument of RBI ?
A. CRR
B. SLR
C. Bank Rate Policy
D. All of these
Answer» E.
Discussion
4.

Which statement is not true regarding RBI ?
A. It is the Central Bank of India.
B. It was established in 1935.
C. It can issue currency notes.
D. Personal account can be opened in RBI.
Answer» E.
Discussion
5.

Who was the first Governor of RBI ?
A. David Warner
B. Sir Phillip Smith
C. James Watson
D. Sir Osborne Smith
Answer» E.
Discussion
6.

Who was the first woman Deputy Director of RBI ?
A. Suhani Sharma
B. Vidya S
C. K J Udeshi
D. Anuradha Basu
Answer» D. Anuradha Basu
Discussion
7.

RBI can issue currency notes up to which denomination ?
A. Rs. 2000
B. Rs. 1000
C. Rs. 5000
D. Rs. 10000
Answer» E.
Discussion
8.

In which year the head quarter of RBI is moved from Kolkata to Mumbai (Then Bombay) ?

A. 1936
B. 1937
C. 1938
D. 1939
Answer» C. 1938
Discussion
9.

Who had the longest tenture as the Governor of RBI ?
A. Raghuram Rajan
B. Dr. Manmohan Singh
C. Sir Benegal Rama Rau
D. R Gandhi
Answer» D. R Gandhi
Discussion
10.

RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise, 10 paise, 20 paise and 25 paise in which year ?
A. 2010
B. 2011
C. 2012
D. 2013
Answer» C. 2012
Discussion
11.

What is risk weight for consumer credit, including personal loans, but excluding credit card receivables?
A. 100%
B. 110%
C. 125%
D. 150%
Answer» B. 110%
Discussion
12.

As per revised guidelines on large exposure framework (LEF), what is exposure limit to a single NBFC to Tier-I capital of the bank?
A. 15%
B. 20%
C. 25%
D. 30%
Answer» C. 25%
Discussion
13.

Who is the 24th Governor of RBI ?
A. Raghuram Rajan
B. Dr. Manmohan Singh
C. Urjit Patel
D. S. S Mundra
Answer» D. S. S Mundra
Discussion
14.

The logo of RBI consists of which animal ?
A. Elephant
B. Panther
C. Black Buck
D. Lion
Answer» C. Black Buck
Discussion
15.

Which of the following schemes was formulated by the RBI ?
A. Mahatma gandhi National rural employment guarantee scheme
B. Rashtriya Swathya Bima Yojona
C. Banking Ombudsman Scheme
D. Jan Dhan Yojona
Answer» D. Jan Dhan Yojona
Discussion
16.

In which year the nationalization of RBI was occured ?
A. 1947
B. 1949
C. 1951
D. 1953
Answer» C. 1951
Discussion
17.

How many zonal training centers of RBI are there in India ?
A. 2
B. 3
C. 4
D. 5
Answer» D. 5
Discussion
18.

What would be the impact on cash reserves of the commercial banks if RBI conducts the sale of securities ?
A. Decrease
B. Increase
C. Either increase or decrease
D. Remains contant
Answer» B. Increase
Discussion
19.

Which of the following works as the agent of RBI while it has no own offices ?

A. IMF
B. SBI
C. GOI
D. Ministry of Finance
Answer» C. GOI
Discussion
20.

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
Answer» D. Increase in Repo Rate
Discussion
21.

Which of the following institutes is/are established by RBI ?
A. Indira Gandhi Institute for Development Research (IGIDR)
B. Institute for Development and Research in Banking Technology, Hyderabad (IDRBT)
C. National Institute of Bank Management (NIBM)
D. All of these
Answer» E.
Discussion
22.

Which among the following constitutes Forex Exchange Reserves (FER) of India?
A. Foreign Currency Assets (FCA).
B. Gold
C. Special Drawing Rights
D. Reserve Tranche Position
Answer» E.
Discussion
23.

What is the authorised share capital of Reserve Bank of India?
A. Rs 1 crore
B. Rs 5 crore
C. Rs 10 crore
D. Rs 25 crore
Answer» C. Rs 10 crore
Discussion
24.

According to RBI Act, what minimum amount of balance on every friday needs to be maintained by State Governments with Reserve Bank of India?
A. Rs 10 crore
B. Rs 20 crore
C. Rs 40 crore
D. Rs 100 crore
Answer» D. Rs 100 crore
Discussion
25.

What interest rate is applied on balances on Cash Reserve Ratio (CRR) deposits maintained by Scheduled Commercial Bank (SCB) with RBI?
A. No interest rate is charged
B. 2%
C. 3%
D. 4%
Answer» B. 2%
Discussion
26.

RBI has made it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to Micro and Small Enterprises extended by banks to external benchmark date by which date?
A. 1st April, 2019
B. 1st July, 2019
C. 1st October, 2019
D. 1st March, 2020
Answer» D. 1st March, 2020
Discussion
27.

What is the minimum paid up equity capital required to set up and operate the TReDS?
A. Rs 10 crore
B. Rs 25 crore
C. Rs 75 crore
D. Rs 100 crore
Answer» C. Rs 75 crore
Discussion
28.

The scheme for setting up and operating the institutional mechanism for facilitating the financing of trade receivables of MSMEs from corporate buyers through multiple financiers is better known as _______?
A. TReDS
B. Factoring
C. PMMY
D. Forfeiting
Answer» B. Factoring
Discussion
29.

Who was the chairman of High Powered Committee on Urban Co-operative Banks?
A. H. Malegam
B. D Subbarao
C. Raghuram Rajan
D. R Gandhi
Answer» E.
Discussion
30.

RBI has cut the GDP growth forecast to _______ for 2019-20.
A. 5.9%
B. 6%
C. 6.1%
D. 6.2%
Answer» D. 6.2%
Discussion
31.

RBI has put restriction of not to carry out any business for six months on which cooperative bank?
A. Punjab and Maharashtra Co-operative (PMC) BanK
B. The Bhagat Urban Co-Operative Bank Ltd
C. The Gujarat State Co-operative Bank
D. TNSC BANK
Answer» B. The Bhagat Urban Co-Operative Bank Ltd
Discussion
32.

Which of the followong 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
Answer» E.
Discussion
33.

In which of the following cities, the regional head quarters of RBI is not situated ?

A. New Delhi
B. Mumbai
C. Bengaluru
D. Kolkata
Answer» D. Kolkata
Discussion
34.

Which of the following statements is/are not true ?
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.
Answer» E.
Discussion
35.

The Government picked up the entire Share of SBI held by the RBI according to which of the following guidelines ?
A. Securities Commission
B. SEBI
C. National Stock Exchange of India
D. Financial Regulations
Answer» C. National Stock Exchange of India
Discussion
36.

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.
Answer» D. Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation.
Discussion
37.

Who was the first Indian Governor of RBI ?
A. Kuldeep Pathak
B. Dr. Rajyavardhan Sharma
C. Sir Mukund Khanna
D. Sir C.D. Deshmukh
Answer» E.
Discussion
38.

RBI provides the Ways and Means Advances to whom ?
A. Central Government
B. State Government
C. Commercial Banks
D. All of these
Answer» C. Commercial Banks
Discussion
39.

On which of the following date, RBI was established ?
A. 22nd April, 1934
B. 1st August, 1935
C. 1st April, 1935
D. 22nd August, 1934
Answer» D. 22nd August, 1934
Discussion
40.

How long does the accounting year of the Reserve Bank of India come from?
A. 1st July to 1st June
B. 1st April to 30th March
C. 1st July to 30th June
D. January 1 to December 31
Answer» D. January 1 to December 31
Discussion
41.

Which of the following words is not used in Monetary Policy?
A. Cash reserve ratio
B. Repo Rate
C. Bank rate
D. Blue chip
Answer» E.
Discussion
42.

Which of the following factors is/ are considered by the RBI to determine the number of notes to be issued by it ?
A. GDP Growth
B. Inflation
C. Reserve Stock Requirements
D. All of these
Answer» E.
Discussion
43.

According to the which section of the RBI Act of 1934, RBI is liable to pay the value of banknote to its holder ?
A. Section 22
B. Section 24
C. Section 26
D. Section 28
Answer» D. Section 28
Discussion
44.

Which of the following is/are correct regarding Market Stabilisation Scheme (MSS)?
A. Market Stabilisation Scheme (MSS) was introduced in April 2004.
B. It is an agreement between Government of India and Reserve Bank of India to issue government securities
C. Government securities issued under MSS are used to absorb rupee liquidity created by capital flows of an enduring nature
D. The proceeds under the MSS were parked in a separate deposit account maintained by the Government with the Reserve Bank
Answer» E.
Discussion
45.

According to RBI Act, what minimum amount of balance on every friday needs to be maintained by Government of India with Reserve Bank of India?
A. Rs 10 crore
B. Rs 20 crore
C. Rs 40 crore
D. Rs 100 crore
Answer» E.
Discussion
46.

According to RBI Act, what minimum amount of daily balance needs to be maintained by Government of India with Reserve Bank of India?
A. Rs 5 crore
B. Rs 10 crore
C. Rs 25 crore
D. Rs 50 crore
Answer» C. Rs 25 crore
Discussion
47.

Which among the following is correct regarding currency notes issued in India?
A. Total value of currency notes constitutes the liabilities of Government of India
B. Total value of currency notes constitutes the assets of Government of India
C. Total value of currency notes constitutes the liabilities of Reserve Bank of India
D. Total value of currency notes constitutes the assets of Reserve Bank of India
Answer» D. Total value of currency notes constitutes the assets of Reserve Bank of India
Discussion
48.

RBI has revised the priority sector lending guidelines for Export Credit. What is the maximum amount of credit limit sanctioned to export unit is eligible to be classified under priority sector?
A. Rs 100 million
B. Rs 250 million
C. Rs 400 million
D. Rs 500 million
Answer» D. Rs 500 million
Discussion
49.

Y H Malegam committee is related to ________?
A. Agriculture
B. Housing Finance
C. NPA
D. Microfinance
Answer» E.
Discussion
50.

Who had the shortest tenture as the Governor of RBI ?
A. Dr. Manmohan Singh
B. Amitav Ghosh
C. Sir Benegal Rama Rau
D. S. S Mundra
Answer» C. Sir Benegal Rama Rau
Discussion