Reserve Bank Of India Quiz

1. What is the base year for the Reserve Bank of India- Digital Payments Index (RBI-DPI)?
[A] 2016
[B] 2017
[C] 2018
[D] 2019

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2. Who was the first Indian Governor of the Reserve Bank of India?
[A] Chintaman Dwarkanath Deshmukh
[B] Benegal Rama Rau
[C] H.V.R. Iyengar
[D] K.G. Ambegaonkar

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3. Who has been appointed as Executive Director (ED) of Reserve Bank of India (RBI) in July 2025?
[A] Kesavan Ramachandran
[B] Rohit Jain
[C] Rabi Sankar
[D] Vikram Sinha

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4. Who is known as the father of banking reforms in India and served as the 13th Governor of the Reserve Bank of India?
[A] C. Rangarajan
[B] Y. V. Reddy
[C] Maidavolu Narasimham
[D] Duvvuri Subbarao

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5. Consider the following:

  1. Cash Reserve Ratio (CRR)
  2. Open Market Operations (OMO)
  3. Repurchase (Repo) Transactions
  4. Standing Deposit Facility (SDF)

Which of the following is/are conducted at the discretion of the Reserve Bank of India (RBI) and not at the discretion of banks?

[A] Only 1, 2 and 3
[B] Only 2, 3 and 4
[C] Only 1, 3 and 4
[D] 1, 2, 3 & 4

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6. Consider the following statements:

  • Statement-I: The Reserve Bank of India regulates the maximum ATM transaction fees that banks can charge customers.
  • Statement-II: ATM transaction fees are entirely determined by market competition without any regulatory oversight.

Which one of the following is correct in respect of the above statements?

[A] Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
[B] Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
[C] Statement-I is correct, but Statement-II is incorrect
[D] Statement-I is incorrect, but Statement-II is correct

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7. Consider the following in regard to cryptocurrency regulation in India:

  1. Cryptocurrencies are recognized as legal tender by the Reserve Bank of India.
  2. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was passed by Parliament.
  3. Cryptocurrency transactions in India are taxed under the Income Tax Act.

Which of the above statements is / are correct?

[A] 3 only
[B] 1 and 2 only
[C] 1 and 3 only
[D] 1, 2 and 3

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8. With reference to small finance banks in India, consider the following statements:

  1. AU Small Finance Bank is the first small finance bank in India.
  2. Small finance banks primarily focus on providing financial inclusion to underserved sections of society.
  3. Small finance banks can accept deposits and provide loans, but cannot issue credit cards.
  4. The Reserve Bank of India regulates small finance banks under the Banking Regulation Act, 1949.

How many of the above statements is/are correct?

[A] Only one
[B] Only two
[C] All four
[D] None

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9. In the context of foreign investment regulations, consider the following statements:

  1. The Reserve Bank of India (RBI) plans to increase the foreign investment cap in listed firms from 5% to 10% for individual foreign investors.
  2. Foreign portfolio investors (FPIs) can currently hold up to 24% in Indian listed companies.
  3. Non-resident Indians (NRIs) are excluded from the new proposed regulations on foreign investment limits.

How many of the above statements is/are correct?

[A] Only one
[B] Only two
[C] All three
[D] None

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10. Regarding the concept of government borrowing and securities, consider the following statements:

  1. Government securities can have maturities ranging from 3 to 50 years.
  2. Sovereign green bonds are exclusively used for funding education projects.
  3. The Reserve Bank of India sets the Ways and Means Advances limit for government accounts.

How many of the above statements is/are correct?

[A] Only one
[B] Only two
[C] All three
[D] None

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