02 - History of Reserve Bank of India

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on History of Reserve Bank of India for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

1. The Royal Commission on Indian Currency and Finance was also known as?

[A] Hilton-Young Commission
[B] Hartog Commission
[C] Muddiman Committee
[D] Buttler Commission

Show Answer

2. What was the initial share capital of Reserve Bank of India?

[A] Rs. 5 Crore
[B] Rs. 10 Crore
[C] Rs. 15 Crore
[D] Rs. 20 Crore

Show Answer

3. Who was the first Indian Governor of Reserve Bank of India?

[A] Sir C D Deshmukh
[B] Sir Benegal Rama Rau
[C] K G Ambegaonkar
[D] H V R Iengar

Show Answer

4. Who is the longest serving Governor of Reserve Bank of India?

[A] Sir C D Deshmukh
[B] Sir Benegal Rama Rau
[C] K G Ambegaonkar
[D] H V R Iengar

Show Answer

5. RBI did not issue any currency notes during work period of which RBI Governor?

[A] Sir C D Deshmukh
[B] Sir Benegal Rama Rau
[C] K G Ambegaonkar
[D] H V R Iengar

Show Answer

6. Till when the RBI served as the central bank of Pakistan?

[A] August 1947
[B] January 1950
[C] June 1948
[D] November 1949

Show Answer

7. In which year the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India?

[A] 1926
[B] 1927
[C] 1928
[D] 1929

Show Answer

8. In which year for the first time a bill was introduced in the Indian Legislative Assembly for the creation of RBI?

[A] 1927
[B] 1928
[C] 1929
[D] 1930

Show Answer

9. What was the paidup capital of RBI when it commenced operations as India’s central bank on April 1 1935?

[A] Rs 1 crore
[B] Rs 5 crore
[C] Rs 10 crore
[D] Rs 100 crore

Show Answer

10. When was Deposit Insurance and Credit Guarantee Corporation established under RBI?

[A] 1976
[B] 1978
[C] 1981
[D] 1969

Show Answer

Advertisement

Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...