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RRB ALP – Paper
Important National Organizations Quiz 01
Question
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of 10
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Q1. Who was the first Indian Governor of the Reserve bank?
A.
C.R. Das
B.
R. Shanmukham Chetty
C.
Maulana Abul Kalam Azad
D.
C.D. Deshmukh
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
C.D. Deshmukh was the first Indian to serve as the Governor of the RBI (1943–1949).
Q2. SEBI stands for:
A.
Safety and Exchange Board of India
B.
Securities and Exchange Board of India
C.
Solutions of Exchange Board of India
D.
None of the above
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
SEBI is the regulatory body for the securities and commodity market in India.
Q3. RBI was set up on the basis of the recommendation of
A.
Indian Central Bank Enquiry Committee
B.
Royal Commission or Hilton Young Commission
C.
Simon Commission
D.
Nehru Report
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The Hilton Young Commission recommended the creation of a central bank for India in 1926.
Q4. Which of the following bank prints the currency notes in India?
A.
Reserve Bank of India
B.
NABARD
C.
State Bank of India
D.
ICICI Bank
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
The RBI has the sole right to issue banknotes in India under the RBI Act, 1934.
Q5. ____ is India’s Central Bank.
A.
RBI
B.
NABARD
C.
ICICI
D.
State Bank of India
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
The Reserve Bank of India (RBI) is the apex monetary institution that regulates the banking system.
Q6. The Reserve Bank of India was established in the year.
A.
1930
B.
1935
C.
1947
D.
1951
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
RBI was established on April 1, 1935, in accordance with the provisions of the RBI Act, 1934.
Q7. Reserve Bank of India, which acts as a banker to the central government, was established on:
A.
1st April 1945
B.
1st April 1948
C.
1st April 1935
D.
1st April 1950
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
The RBI commenced its operations on April 1, 1935, with its headquarters initially in Kolkata.
Q8. Who among the following was the first Governor of Reserve Bank of India?
A.
Osborne Smith
B.
Manmohan Singh
C.
C.D. Deshmukh
D.
Benegal Rama Rau
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
Sir Osborne Smith was the first Governor of the RBI, serving from 1935 to 1937.
Q9. In which year was the RBI nationalised?
A.
1971
B.
1956
C.
1935
D.
1949
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
The RBI was nationalized on January 1, 1949, making it a fully government-owned bank.
Q10. Reserve Bank of India is headquartered in ____
A.
Delhi
B.
Chennai
C.
Kolkata
D.
Mumbai
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
While it started in Kolkata, the RBI headquarters moved permanently to Mumbai in 1937.
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