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Reserve Bank of India – 1 – 1

1. The Reserve Bank of India was established on …………..

(a) April 1, 1935
(b) May 26, 1945
(c) June 13, 1963
(d) July 12, 1982

Answer
Answer : (a)

Explanation
No answer description available for this question. Let us discuss.

2. Who works as RBI`s agent at places where it has no office of its own ?

(a) State Bank of India
(b) Ministry of Finance
(c) Government of India
(d) International Monetary Fund

Answer
Answer : (a)

Explanation
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3. India is a member of the International Monetary Fund since ……….

(a) 1934
(b) 1935
(c) 1947
(d) 1949

Answer
Answer : (c)

Explanation
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4. Which of the following is true about the functions performed by RBI :

  (i) It is the Bank of Issue
  (ii) It acts as banker to the Government
 (iii) It is the banker of other banks
 (iv) It regulates the flow of credit

(a) Both (i) and (ii)
(b) Both (iii) and (iv)
(c) All the Above
(d) None of the above

Answer
Answer : (c)

Explanation
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5. According to which guidelines did the Government pick up the entire SBI shares held by the RBI ?

(a) National Stock Exchange of India
(b) Securities Commission
(c) Financial Regulations
(d) Securities and Exchange Board of India (SEBI)

Answer
Answer : (d)

Explanation
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