21 – Important Boards and Committees of RBI

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

supervision of the financial sector

supervision of all types of payment and settlement systems

appointing the directors of scheduled banks

All of the above

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

2005

2003

2002

2001

Who heads the Board for Payment and Settlement Systems?

RBI Governor

RBI Deputy Governor

Chief Financial Officer

Person appointed by Union Government

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

Bharatiya Reserve Bank Note Mudran Private Limited

NABARD

State Bank of India

National Housing Bank

What kind of Deposits are covered by DICGC?

Saving deposits

Fixed deposits

Current deposits

All of the above

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