Banking Awareness Set 35 (RBI)

Banking Awareness Questions on Reserve Bank of India. This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk, NIACL Assistant and various other competitive exams.

  1. The Reserve Bank of India was established on ______ ?
    A) April 1, 1934
    B) June 1, 1935
    C) April 1, 1935
    D) July 1, 1934
    View Answer
    Option C
    Explanation
    : The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
  2. In which year was Reserve Bank of India nationalized?
    A) 1935
    B) 1940
    C) 1945
    D) 1949
    View Answer
    Option
    Explanation
    : The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation.
  3. How many Regional offices does Reserve Bank of India has?
    A) 15
    B) 16
    C) 17
    D) 19
    View Answer
    Option D
    Explanation
    : RBI has 19 regional offices, most of them in state capitals and 9 Sub-offices. [*data as on March 24, 2017]
  4. How many Banking Ombudsman Office does RBI has in total in India?
    A) 15
    B) 17
    C) 18
    D) 20
    View Answer
    Option D
    Explanation
    : There are 20 Banking Ombudsman offices of RBI in India. [*data as on May 25, 2017]
  5. Which of the following is not a fully owned subsidiary of Reserve Bank of India?
    A) DICGC
    B) NABARD
    C) NHB
    D) BRBNMPL
    View Answer
    Option B
    Explanation
    : RBI holds only 0.40% stake in NABARD, while the rest is with Government of India.
  6. The Reserve Bank of India was set up on the basis of the recommendations of _____
    A) Chatalier Committee
    B) James Raj Committee
    C) Pendarkar Committee
    D) Hilton-Young Commission
    View Answer
    Option D
    Explanation
    : The Reserve Bank of India was set up on the basis of the recommendations of the Royal Commission on Indian Currency and Finance also known as the Hilton-Young Commission.
  7. The Reserve Bank of India performs Financial Supervision under the guidance of __________
    A) Finance Ministry
    B) Board for Financial Supervision (BFS)
    C) Board for Payment and Settlement Systems
    D) All of these
    View Answer
    Option B
    Explanation
    : The Reserve Bank of India performs Financial Supervision function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India.
  8. At any time RBI can have atmost ____ deputy governor.
    A) 3
    B) 4
    C) 5
    D) 6
    View Answer
    Option B
    Explanation
    : Four
  9. The present governor of RBI i.e Urjit Patel is the ___ Governor of RBI.
    A) 22nd
    B) 23rd
    C) 24th
    D) 25th
    View Answer
    Option C 
  10. The headquarter of Reserve Bank of India was shifted from Calcutta to Mumbai in which year?
    A) 1936
    B) 1937
    C) 1945
    D) 1949
    View Answer
    Option B
    Explanation
    : The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.

 

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4 Thoughts to “Banking Awareness Set 35 (RBI)”

  1. Ittu Si Barbie (。♥‿♥。)

    Thanku AZ ??

  2. Ittu Si Barbie (。♥‿♥。)

    Thanku AZ ??

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