1. First Governor of RBI was –
a) Hilton Young
b) Paul Samuelson
c) C.D.Deskmukh
d) O.A Smith
Ans. d) O.A Smith
c) C.D.Deskmukh
d) O.A Smith
Ans. d) O.A Smith
2. At the time of
nationalization who was the Governor of RBI-
a) O.A Smith
b) J.B Taylor
c) C.D. Deshmukh
d) K.C.Neogy
Ans. c) C.D. Deshmukh
c) C.D. Deshmukh
d) K.C.Neogy
Ans. c) C.D. Deshmukh
a)1949
b)1956
c)1959
d)1947
Ans. a)1949
c)1959
d)1947
Ans. a)1949
4. The general superintendence and director of the bank is entrusted to central board of directors of –
a)10 members
b) 20 members
c) 25 members
d)30 members
Ans. b) 20 members
c) 25 members
d)30 members
Ans. b) 20 members
5. Paper currencies
of our country are issued by RBI under –
a) Section- 22 of the RBI act -1934
b) Section- 24 of the RBI act -1934
c) Section- 28 of the RBI act -1934
d) None of these
Ans. a) Section- 22 of
the RBI act -1934
6. One rupee
currency notes bear the signature of -
a) PM
b) President of India
c) Governor of RBI
d) Finance Secretary of India
Ans. d) Finance
Secretary of India
7. Ten rupees notes
bear the signature of –
a) President
b) Finance Minister
c) Secretary of Ministry of finance
d) Governor of RBI
Ans. d) Governor of RBI
8. Which of the
following is the banker of the banks –
a) IDBI
b) SBI
c) RBI
d)UTI
Ans. c) RBI
9. In which of the
following banks one can’t open a personal account –
a) Co-Operative Banks
b) Commercial banks
c) Regional Rural Banks
d) RBI
Ans. d) RBI
10. Which of the
following banks is the banker to the government –
a) SBI
b) SEBI
c) RBI
d) IRDA
Ans. c) RBI
11. Which of the
followings are the function of RBI –
a) Regulation of currency and flowing
of credit system
b) Maintaining exchange values of
rupee
c) Formulating monetary policy of
India
d) All of these
Ans. d) All of these
12. Credit rationing
in India is done by –
a) SBI
b) LIC
c) UTI
d) RBI
Ans. d) RBI
13. The first bank
of India was –
a) Bank of Hindusthan
b) Imperial Bank
c) Bank of Bengal
d) Oudh Commercial Bank
Ans. a) Bank of
Hindusthan
14. The first Indian
fully liability and managed bank was –
a) PNB
b) Traders Bank
c) SBI
d) 0 Presidency Bank of India
Ans. a) PNB
15. The rates at
which the RBI extends credit to the commercial bank is called –
a) Bank Rate
b) Reverse Repo Rate
c)Interest Rate
d) None of these
Ans. a) Bank Rate
16. In which of the
following is not the any element of monetary policy of RBI –
a) Bank rate
b) Open Market Operation
c) Public Expenditure
d) All of these
Ans. c) Public
Expenditure
17. 100 rupees note
bears the signature of –
a) Governor of RBI
b) PM
c) Finance Secretary of India
d) Chairman of Finance Commission
Ans. a) Governor of
RBI
18. Which of the
following is the last lender of the last resort of commercial bank-
a) SBI
b) Union Govt.
c) RBI
d) UTI
Ans. c) RBI
19. The RBI is agent
of central government and of all state government except –
a) Bihar
b) Goa
c) Jammu and Kashmir
d) Mizoram
Ans. c) Jammu and
Kashmir
20. Controller of
credit of commercial banks in our country is –
a) RBI
b)SEBI
c) ICI
d)UTI
Ans. a) RBI
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