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IBPS RRB RBI Basics — practice questions — page 2

Explore 95 free RBI Basics questions in IBPS RRB 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 31–60 of 95.

Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →The Reserve Bank was constituted to take over the management of the:Read the answer and worked solution →The Reserve Bank is described in the Act as a:Read the answer and worked solution →The capital of the Reserve Bank is fixed at:Read the answer and worked solution →Which is not among the four cities where the Bank first set up offices?Read the answer and worked solution →A Local Board consists of how many members?Read the answer and worked solution →The Central Board includes a Governor and how many Deputy Governors?Read the answer and worked solution →How many Directors on the Central Board come from the Local Boards?Read the answer and worked solution →How many Directors does the Central Government nominate directly?Read the answer and worked solution →The Governor and Deputy Governors must devote to the Bank their:Read the answer and worked solution →The Government official Director on the Central Board may not:Read the answer and worked solution →Who holds the sole right to issue bank notes in India?Read the answer and worked solution →Bank notes are issued through which department of the Bank?Read the answer and worked solution →The Act caps note denominations at a value not exceeding:Read the answer and worked solution →Every bank note is legal tender and is guaranteed by the:Read the answer and worked solution →A series of notes can cease to be legal tender by notification in the:Read the answer and worked solution →If the Bank fails its statutory obligations the Central Board may be:Read the answer and worked solution →Who else may issue a bill payable to bearer on demand in India?Read the answer and worked solution →The inflation target is set in terms of which index?Read the answer and worked solution →The inflation target is determined once in every:Read the answer and worked solution →Who chairs the Monetary Policy Committee?Read the answer and worked solution →How many members of the MPC are appointed by the Central Government?Read the answer and worked solution →Which Deputy Governor sits on the MPC?Read the answer and worked solution →Who nominates the Bank officer who sits on the MPC?Read the answer and worked solution →The Monetary Policy Committee determines which rate?Read the answer and worked solution →The decision of the Monetary Policy Committee is:Read the answer and worked solution →Sort each seat by who fills itRead the answer and worked solution →Match each number to what it countsRead the answer and worked solution →True or false about the Reserve BankRead the answer and worked solution →

Worked practice questions

Spot the one that does not fit

Read exercise and reference answers
Questions
  1. Items
    1. PASS
    2. PAY
    3. PAID
    4. REJECT
    Odd item
    PASS
  2. Items
    1. Soiled
    2. Mutilated
    3. Imperfect
    4. Counterfeit
    Odd item
    Counterfeit
  3. Items
    1. 20 pieces
    2. 7 days
    3. 30 days
    4. Five lakh
    Odd item
    Five lakh
  4. Items
    1. 50 paise
    2. 1 rupee
    3. 2 rupees
    4. 25 paise
    Odd item
    25 paise
Instructions
Tap the item that does not belong with the rest.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_

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Pick the right answer, quickly

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Questions
  1. Question
    Counter exchange is free up to:
    Choices
    1. 10 pieces
    2. 20 pieces
    3. 30 pieces
    Correct choice
    20 pieces
  2. Question
    Bulk tenders are paid within:
    Choices
    1. 7 days
    2. 14 days
    3. 21 days
    Correct choice
    7 days
  3. Question
    Coins that ceased to be legal tender:
    Choices
    1. 25 paise and below
    2. 50 paise and below
    3. 1 rupee and below
    Correct choice
    25 paise and below
  4. Question
    Note Refund Rules were amended in:
    Choices
    1. 2008
    2. 2018
    3. 2028
    Correct choice
    2018
  5. Question
    A note in three pieces is:
    Choices
    1. Soiled
    2. Mutilated
    3. Imperfect
    Correct choice
    Mutilated
Instructions
Tap the correct answer before the round moves on.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_

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The Reserve Bank was constituted to take over the management of the:

  1. Currency
  2. Customs
  3. Commerce
  4. Companies
Show answer and solution

Correct answer: A. Currency

1. The Bank was set up under its own Act. 2. Its first purpose was named in that Act. 3. It took over management of the currency. _Source: The Reserve Bank of India Act, 1934 (India Code)_

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