Regulator of banks Quiz for RBI Grade B

Dear aspirants,
We are presenting you the Regulator of banks Quiz for RBI Grade B for Finance and Management Section of the exam. Before going through the quiz we will recommend you to read the topic of Reserve Bank of India.

1. When was Reserve Bank of India established?
   1. 1^st April, 1934
   2. 1^st April, 1935
   3. 1^st April, 1936
   4. 1^st April, 1937
2. Where is the headquarters of Reserve Bank of India?
   1. New Delhi
   2. Kolkata
   3. Chennai
   4. Mumbai
3. Consider the following statements regarding Reserve Bank of India (RBI)?
   a) RBI was established in accordance with Reserve Bank of India Act, 1934
   b) The head office of RBI was initially situated at Calcutta
   c) RBI was established as privately owned entity
   d) RBI was nationalised in 1949
   Select the correct answer from following options:
   1. Only a
   2. b and c
   3. b, c and d
   4. All are correct
4. Which is the apex monetary authority in India?
   1. Reserve Bank of India
   2. NABARD
   3. State Bank of India
   4. Ministry of finance
5. Consider the following statements regarding Reserve Bank of India (RBI)?
   a) It is regulator of banking system in India
   b) It is regulator of Payment and Settlement System in India
   c) It is apex monetary authority in India
   d) It regulates securities market in India
   Select the correct answer from following options:
   1. Only a
   2. b and c
   3. a, b and c
   4. All are correct
6. Consider the following statements regarding Reserve Bank of India (RBI)?
   a) The initial authorised share capital of RBI was Rs 5 crore
   b) The initial authorised share capital of RBI was Rs 100 crore
   c) RBI was established on the recommendation of Hilton Young Commission
   d) The initial share capital was divided into share of Rs 100 each, out of which Rs 2,20,000 was subscribed by government
   Select the correct answer from following options:
   1. Only a
   2. a, c and d
   3. a, b and c
   4. All are correct
7. Consider the following statements regarding Reserve Bank of India (RBI)?
   a) It acts as manager of foreign exchange
   b) It acts as banker to government
   c) It is currency manager
   d) It regulated banking system
   Select the correct answer from following options:
   1. Only a
   2. a, c and d
   3. a, b and c
   4. All are correct
8. Consider the following statements regarding Cash Reserve Ratio (CRR)?
   a) It is the share of net demand and time liabilities that banks must maintain in safe and liquid assets.
   b) It is the share of net demand and time liabilities that banks must maintain as cash balance with RBI.
   c) Banks earn interest income on CRR
   d) CRR must be maintained fortnightly
   Select the correct answer from following options:
   1. Only b and d
   2. Only a and d
   3. a, b and c
   4. All are correct
9. Consider the following statements regarding Statutory Liquidity Ratio (SLR)?
   a)It is the share of net demand and time liabilities that banks must maintain in safe and liquid assets.
   b) It is the share of net demand and time liabilities that banks must maintain as cash balance with RBI.
   c) It helps government to sell its securities or debt instrument to banks
   d) Banks earn interest income on SLR
   Select the correct answer from following options:
   1. Only b and c
   2. b, c and d
   3. a, c and d
   4. All are correct
10. As per latest bimonthly policy of RBI, what is value of CRR?
    1. 7%
    2. 6%
    3. 5%
    4. 4%

Answers

1. 2
2. 4
3. 4
4. 1
5. 3
6. 2
7. 4
8. 1
9. 3
10. 4

You may also like to read: National Income MCQ for RBI Grade B (ESI)
Click to go to RBI Grade B Preparation Page  | Click to read more such quizzes