21 - Important Boards and Committees of RBI

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Important Boards and Committees of RBI for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking and CAT / MBA entrance examinations of India

1. What is the function of Board for Financial Supervision (BFS)?

[A] supervision of the financial sector
[B] supervision of all types of payment and settlement systems
[C] appointing the directors of scheduled banks
[D] All of the above

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2. When was the Board for Payment and Settlement Systems established in the RBI?

[A] 2005
[B] 2003
[C] 2002
[D] 2001

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3. Who heads the Board for Payment and Settlement Systems?

[A] RBI Governor
[B] RBI Deputy Governor
[C] Chief Financial Officer
[D] Person appointed by Union Government

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4. Which of the following is not a subsidiary of Reserve Bank of India?

[A] Bharatiya Reserve Bank Note Mudran Private Limited
[B] NABARD
[C] State Bank of India
[D] National Housing Bank

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5. What kind of Deposits are covered by DICGC?

[A] Saving deposits
[B] Fixed deposits
[C] Current deposits
[D] All of the above

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6. Who was the chairman of Committee on Deepening of Digital Payments formed by RBI?

[A] Nandan Nilekani
[B] Sanjay Jain
[C] Kishore Sansi
[D] Nachiket Mor

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7. Who was the chairman of the Household Finance committee set up by RBI?

[A] Pradeep Kumar
[B] Usha Thorat
[C] Bimal Jain
[D] Tarun Ramadorai

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8. What were the recommendation of Janak Raj Committee?

[A] linking bank lending rates to a market benchmark
[B] Merging all the Regional Rural banks
[C] Dissolving all the Payments banks
[D] None of the above

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9. What was the objective of Y H Malegam committee set up by RBI?

[A] Review of Poverty Line
[B] Licensing of Small Finance Banks
[C] Monitoring of bad loans
[D] None of the above

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10. Who was the chairman of the Committee on Medium-term Path on Financial Inclusion?

[A] Chandan Sinha
[B] Deepak Mohanty
[C] Sushil Chandra
[D] Nachiket Mor

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