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IBPS RRB Officer Scale 1 RBI Basics — practice questions — page 3

Explore 95 free RBI Basics questions in IBPS RRB Officer Scale 1 Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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RBI Basics questions and exercises with answers

Showing questions 61–90 of 95.

Is it inside the Bank or outside it?Read the answer and worked solution →Fill the gaps on the Reserve BankRead the answer and worked solution →Order how a note series is withdrawnRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →RBI was established on:Read the answer and worked solution →RBI's Central Office was first set up in which city?Read the answer and worked solution →The Central Office moved permanently to Mumbai in:Read the answer and worked solution →RBI was nationalised in:Read the answer and worked solution →Since nationalisation, RBI is fully owned by:Read the answer and worked solution →Central Board directors are appointed or nominated for a period of:Read the answer and worked solution →The full-time official directors of RBI are the Governor and not more than ___ Deputy Governors.Read the answer and worked solution →How many directors from various fields does the Government nominate to the Central Board?Read the answer and worked solution →Local Boards are constituted for how many areas?Read the answer and worked solution →A Local Board member holds office for:Read the answer and worked solution →Local Boards represent the interests of local cooperative and:Read the answer and worked solution →The Board for Financial Supervision was constituted in:Read the answer and worked solution →Which department provides secretarial support to the BFS?Read the answer and worked solution →The Payment and Settlement Systems Act administered by RBI was passed in:Read the answer and worked solution →The Credit Information Companies (Regulation) Act was passed in:Read the answer and worked solution →The Foreign Exchange Management Act, managed by RBI, is of the year:Read the answer and worked solution →The Regional Rural Banks Act was passed in:Read the answer and worked solution →The NABARD Act is of the year:Read the answer and worked solution →The Deposit Insurance and Credit Guarantee Corporation Act was passed in:Read the answer and worked solution →Coins are minted by the Government of India and put into circulation by:Read the answer and worked solution →Under 'Banker to banks', RBI maintains banking accounts of all:Read the answer and worked solution →Which training institute is part of the Reserve Bank?Read the answer and worked solution →Catch the RBI functionsRead the answer and worked solution →Pop the RBI collegesRead the answer and worked solution →Find the real nameRead the answer and worked solution →

Worked practice questions

Is it inside the Bank or outside it?

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Left
Inside
Items
  1. Item
    Central Board
    Answer
    Inside
  2. Item
    Local Boards
    Answer
    Inside
  3. Item
    Issue Department
    Answer
    Inside
  4. Item
    Governor
    Answer
    Inside
  5. Item
    Central Govt
    Answer
    Outside
  6. Item
    Gazette notice
    Answer
    Outside
  7. Item
    Three MPC picks
    Answer
    Outside
Right
Outside
Instructions
Swipe left for Inside, right for Outside.
_Source: The Reserve Bank of India Act, 1934 (India Code)_

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Fill the gaps on the Reserve Bank

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Missing parts
  1. Answer
    five crores
    Choices
    1. five crores
    2. ten crores
    3. one crore
  2. Answer
    bank notes
    Choices
    1. bank notes
    2. bank drafts
    3. bank bonds
  3. Answer
    five years
    Choices
    1. five years
    2. one year
    3. ten years
  4. Answer
    binding
    Choices
    1. binding
    2. advisory
    3. optional
Complete the statement
The Bank's capital is {0}. It has the sole right to issue {1}. The inflation target is set every {2}. The MPC decision is {3} on the Bank.
Instructions
Tap a phrase to drop it into the empty slot.
_Source: The Reserve Bank of India Act, 1934 (India Code)_

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Order how a note series is withdrawn

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Steps
  1. Central Board makes a recommendation
  2. Central Government considers it
  3. A notification is drawn up
  4. It appears in the Gazette of India
  5. The series ceases to be legal tender
Instructions
Tap the steps in the order they happen.
_Source: The Reserve Bank of India Act, 1934 (India Code)_

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NPA & RecoveryBanker-Customer RelationshipNegotiable Instruments ActRBI Act & BR ActMonetary PolicyBasel Norms & CapitalFinancial InstitutionsDeposit Insurance