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IBPS RRB Office Assistant Banking Awareness — practice by topic

Browse 925 questions across 57 Banking Awareness topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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The Reserve Bank of India was established in:Read the answer and worked solution →Who appoints the Governor of RBI?Read the answer and worked solution →Where is the headquarters of the Reserve Bank of India?Read the answer and worked solution →Repo rate is the rate at which:Read the answer and worked solution →

Worked practice questions

The Reserve Bank of India was established in:

  1. 1935
  2. 1969
  3. 1947
  4. 1956
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Correct answer: A. 1935

RBI was established on 1 April 1935 under the RBI Act, 1934. Originally privately owned nationalized in 1949 after independence. Headquartered in Mumbai. Functions as India's central bank, currency issuer, banker to government and banks.

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Who appoints the Governor of RBI?

  1. President of India
  2. RBI Board
  3. Central Government (Cabinet)
  4. Parliament
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Correct answer: C. Central Government (Cabinet)

The Central Government appoints the RBI Governor for a term of typically 3 years (extendable). Selection by the Appointments Committee of the Cabinet. The Governor is the chief executive and head of the Central Board.

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Where is the headquarters of the Reserve Bank of India?

  1. Chennai
  2. Kolkata
  3. Mumbai
  4. New Delhi
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Correct answer: C. Mumbai

**RBI headquarters:** Mumbai (Maharashtra). Earlier in Calcutta, shifted to Mumbai in 1937. Currently four regional offices: Mumbai, New Delhi, Chennai, Kolkata.

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