Reserve Bank Of India Quiz

1. The RBI was established in 1935 to respond to the economic troubles after the Great Depression.
2. The RBI is the sole issuer of currency notes in India, except for one-rupee notes and coins, which are issued by the Government of India.

Select the correct option from the codes given below:

1. The maximum loan limit for housing loans in areas with a population above 50 lakh is Rs 50 lakh.
2. Loans for renewable energy projects are capped at Rs 10 lakh per borrower for individual households.
3. Urban cooperative banks must target 40% of their Adjusted Net Bank Credit towards priority sectors.

How many of the above statements are correct?

1. Basel III is a global regulatory framework for banks aimed at strengthening bank capital requirements.
2. Reserve Bank of India (RBI) is responsible for implementing Basel III in India.
3. Liquidity Coverage Ratio (LCR) under Basel III ensures banks have enough liquid assets to cover short-term obligations.

How many of the above statements are correct?

1. Pravaah digitises internal workflows at RBI while Sarthi focuses on external regulatory applications.
2. Recently, the Reserve Bank of India (RBI) received the Digital Transformation Award from Central Banking in London.

Which of the Statements given above is/are correct?

1. Pravaah digitises internal workflows at RBI while Sarthi focuses on external regulatory applications.
2. Recently, the Reserve Bank of India (RBI) received the Digital Transformation Award from Central Banking in London.

Which of the Statements given above is/are correct?

1. These banks primarily focus on providing financial inclusion to underserved sections of society.
2. These banks can issue credit cards and debit cards for amounts up to 5 Lakh.
3. These banks were established under the Reserve Bank of India’s guidelines in 2015.
4. Indian citizens with at least 10 years of senior-level experience in banking and finance can individually or jointly apply for SFBs.

How many of the above statements are correct?

1. LIC (Life Insurance Corporation of India) is the largest insurance company in India and was established in 1956.
2. SEBI (Securities and Exchange Board of India) was established to protect investors and promote the securities market.
3. The Reserve Bank of India (RBI) is the central bank of India, responsible for regulating the country’s financial system and issuing currency.
4. Public Sector Banks (PSBs) are government-majority-owned banks essential to the Indian economy.

How many of the above statements are correct?

1. The first cooperative bank in India was established in 1904 in Pune.
2. Cooperative banks operate under the dual control of the Reserve Bank of India and the respective State Governments.
3. All cooperative banks in India are required to maintain a minimum capital adequacy ratio of 9%.
4. Cooperative banks primarily serve the agricultural sector and rural areas.

How many of the above statements are correct?

1. The Deposit Insurance and Credit Guarantee Corporation (DICGC) was established in 1961.
2. The DICGC insures deposits in all types of banks, including regional rural banks.
3. The insurance coverage per depositor per bank is ₹1 lakh.
4. The DICGC is a subsidiary of the Reserve Bank of India (RBI).

How many of the above statements are correct?