FINANCIAL AWARENESS QUIZ 9 (CHAPTER : RBI) for SEBI, RBI and Other Banking Exams

1. The Reserve Bank of India was established on _______.

2. Who works as RBI’s agent at places where it has no office of its own?

3. Which of the following is true about the functions performed by RBI –

(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit

4. Which among the following is incorrect?

5. India is a member of the International Monetary Fund since _____.

6. Which of the following is true about the restrictions on RBI?

(i) It is not to compete with the commercial banks.
(ii) It is not allowed to pay interest on its deposits.
(iii) It cannot engage directly or indirectly in trade.
(iv) It cannot acquire or advice loans against immovable property.
(v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.

7. When did the Reserve Bank of India notify the draft regulations relating to the Credit Information Companies (Regulation) Act, 2005?

8. When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish?

9. When did the Centre acquire the Reserve Bank of India’s entire 59.73% equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi?

10.  According to which guidelines did the Government pick up the entire SBI shares held by the RBI?

11.  When did the Government appoint for transfer of stake?