RESERVE BANK OF INDIA

1. The Reserve Bank of India was set up in :

a.1949
d.1901
2.

c.1935

____ is the Bankers Bank in India.

a.SBI
3.

b.1956

b.PNB

c.RBI

d.OBC

Banks are regulated by :

a.Securities Exchange Board of India

b.Reserve Bank of India

c.Company Law Board

d.Registrar of Companies

4. Who is the official lender of the last resort in India?

a.SBI

b.PNB

c.RBI

d.OBC

5. The lender of last resort means _______.

a.The government coming to the rescue of poor farmers.
b.Central bank coming to the rescue of other banks in times of
financial crisis.
c.Commercial banks coming to the rescue of small industrial units
d.People coming to the rescue of commercial banks in times of their
financial crisis.
6. ____ is the custodian of monetary reserves in India
a.SBI

b.SIDBI

c.NABARD

d.RBI

7.Which of the following statements about Central Bank is

incorrect ?
a.Central bank regulates currency in accordance with the
requirements of business and the general public
b.Central banks performs general banking and agency service for
the state

c.Central bank generally deals with the public and tries to

encourage saving habits among people
d.None of the above

8. A Central Bank differs from a commercial bank in that :

a.It has no branches

b.It is the banker of the government

c.It deals with general public

d.None of the above

9. RBI has ________ .

a.Very few branches

b.One branch in each state of India

c.No branches

d.None of the above

10. Which of the following is not the function of RBI ?

a.Issue of currency

b.Bankers bank

c.Controller of credit

d.Banker to general public

11.Which among the following is responsible for issuing currency

notes in India ?
a.SBI

b.RBI

c.UTI

d.World Bank

12.Which is the central bank of India ?

a.SBI

b.Indian Bank

c.NABARD

d.RBI

13.Reserve Bank of India is Indias :

a.Central bank

b.Biggest commercial bank

c.Biggest cooperative bank

d.All of the above

14. Who is called the bank of issue ?

a.RBI

b.SBI

c.IDBI

d.ICICI

15.Who is the fiscal agent and adviser to government in monetary

and financial matters in India ?

a.SBI

b.IDBI

c.ICICI

d.RBI

16. Which is the central bank of India ?

a.The State Bank of India

b.The U.N.O

c.The World Bank

d.The Reserve Bank of India

17.Who is the custodian of national reserves of international

currency ?
a.SBI

b.IDBI

c.RBI

d.ICICI

18.RBI makes advances to the Central and State Government

repayable within ______ from the date of advance
a.60 days

b.45 days

c.90 days

d.75 days

19.In the year ______ ,the practice of RBI lending to the government
through ad hoc treasury bills was given up.
a.1951

b.1997

c.1991

d.2001

20. Who is the present governor of RBI ?

a.Duvvuri Subbarao
c.K R Puri

b. Dr. Manmohan Singh

d.Dr. C Rangarajan