1.When was RBI established ?
a- RBI was established on 1st April 1935.
2.1st Governor of RBI ?
a- 1st Governor of RBI was Sir Osborne Smith .
3.Which commission proposed need of Central Bank for India ?
a- Hilton Young Commission recommended need of a central bank for India.
4.Term of Central Board of Directors of RBI ?
a- The Term of members of Central Board of Directors is 4 Years.
5.Total number of members in Central Board of Directors of RBI ?
a- There are 20 members in Central Board of Directors of RBI .
6.Total number of Offices & Branches of RBI ?
a- There are 4 offices and 24 Branches of RBI in India.
7.Full Form of DICGC ?
a- Deposit Insurance and Credit Guarantee Corporation .
8.DICGC Insures whom ?
a- DICGC insures all types of deposits , such as saving , current ,fixed , recurrent
9.Name Apex Institution for Housing ?
a- NHB (National Housing Bank ) is an apex institution for Housing in India.
10.Press of RBI for printing Notes are situated at ?
a- There are two press of RBI for printing currency notes are situated at Mysore(Karnataka)
and Salboni ( West Bengal ).
11.Press of Government for Printing notes are situated at ?
a- Two press of Government(SPMCIL) for Printing notes are situated at Dewas (M.P) and
12.Four mints of SPMCIL for coin production are situated at ?
a- Coins are minted by only Government of India but issued and distributed by RBI . Four
mints of SPMCIL( Security Printing and Minting Corporation of India Ltd ) are
situated at Mumbai , Noida , Kolkata & Hyderabad.
13.NABARD was established on ?
a- NABARD was established on 12 July 1982 under NABARD Act 1981.
14. On recommendation of which committee NABARD established ?
a- NABARD was established on the recommendations of Shivaraman Committee.
15.Full form of CAFL ,which replacing The
Banker’s Training College ,Mumbai ?
a- Centre for Advance Financial Learning ( CAFL ),replacing the Banker’s Training College,Mumbai.
16.Name Direct and Indirect Instrument of RBI for Monetary Functions ?
a- Direct Instruments are CRR, SLR & Refinance facilities. Indirect Instruments are
LAF, Repo/Reverse Repo Rate, Open Market Operations , MSF , Bank Rate , Market
17.What is present Bank Rate , MSF , Repo /Reverse Repo Rate , CRR and SLR ?
a- Bank Rate-8.25% , MSF – 8.25% , Repo Rate-7.25% , Reverse Repo Rate -6.25% ,CRR -
4%, SLR – 21.5%
18.Name the public awareness program for Duplicate Notes ?
a- RBI using a short film for public awareness Programs for Duplicate Notes . Name of the program is “ paisa bolta hai “ .
19.RBI will withdraw all notes issued before ?
a- RBI will withdraw old series of Bank notes issued before 2005, keeping in view the
standard International practice.
20.RBI’s clean Notes policy includes ?
a- RBI’s clean notes policy – no stapling , writing ,over folding .
21.RBI’s financial year starts form and ends in ?
a- RBI’s Financial year starts from 1st July to 30th June .
22.Full form of FEMA ?
a- Foreign Exchange Management Act , enacted in 1999 and effected from 1 June 2000 which
replaced FERA (Foreign Exchange Regulation Act ).
23.Full form of CAMELS ?
a- Capital Adequacy , Asset Quality , Management , Earning , Liquidity and Security System . This used as on site inspection methods.
24.Full form of KYC and it includes ?
a- Know Your Customer includes Proof of Id , Proof of Address and Photograph.
25.RBI can Issue Currency up to which Denominations ?
a- RBI can issue Currency up to the denomination of 10000. But as per Coinage Act 1906
coins can be issued up to 1000 only.
26.Full form of MICR , NEFT ,RTGS ?
a- MICR-Magnetic Ink Character Recognition , NEFT-National Electronic Funds Transfer , RTGS-Real Time Gross Settlement .
27.Name of Present Governor and Four Deputy Governors ?
a- Governor – Dr.Raghu Ram Rajan
4 Deputy Governors – Dr.Urjit Patel, H.R.Khan, R.Gandhi , S.S.Mundra.
28.Give most important functions of RBI ?
a- Functions of RBI – Making Monetary Policy , Issuing of Currency , Maintain Financial
Stability , Banker to Banks , Banker and *Debt Manager to Government , Regulator of the Banking System , Manage Foreign Exchange etc.
29.What happened to cash reserve of RBI , if it buys a huge amount of Bonds ?
a- If RBI buys huge amount of Bonds , its cash reserve will decrease or shrinks .
30.To reduce inflation , which instrument will used by RBI and How ?
a- To reduce Inflation , RBI will try to reduce Liquidity of the markets and for that it will use monetary tools to absorb excess Liquid and for that RBI will increase Lending Rates . Offers different Investment Plans to attract market’s excess liquid .
31.From which countries RBI imports Currency paper and Ink ?
a- RBI imports Currency Paper from Dubai and Optically Variable Ink from Switzerland.
Presently Under Make In India Initiative Government open a Paper mill at Hoshangabad to produce currency paper and Ink will also be produced in India .
32.What is the percentage of Loans to Agriculture Under Priority Sector ?
a- RBI prescribing 40% Loans of total loan must be given to the Priority Sectors
(i.e. Agriculture, Affordable Housing, Education, Micro and Small Enterprises etc ), in which Agriculture will get 18% . This 18 % is further divided to 8% for Small and marginal farmers and 10% for medium farmers and agriculture allied activities.
33.Which Bank was a subsidiary of RBI , Which is now a Nationalized Bank ?
a- IDBI (estd 1964) was subsidiary of RBI till 1976, After that it became a Nationalized Commercial and Development Bank .
34.Number of Languages On Indian Currency Notes ?
a- There are total 15 Languages on Indian Currency .
35.RBI have to implement Basel III norms by which Year ?
a- RBI have to implement Basel III norms by the year 2019.
Lists of Governors of Reserve Bank of India
1. Sir Osborne Smith 1 April 1935 – 30 June 1937
2. Sir James Braid Taylor 1 July 1937 – 17 February 1943
3. Sir C. D. Deshmukh 11 August 1943 – 30 June 1949
4. Sir Benegal Rama Rau 1 July 1949 – 14 January 1957
5. K. G. Ambegaonkar 14 January 1957 – 28 February 1957
6. H. V. R. Iyengar 1 March 1957 – 28 February 1962
7. P. C. Bhattacharya 1 March 1962 – 30 June 1967
8. L. K. Jha 1 July 1967 – 3 May 1970
9. B. N. Adarkar 4 May 1970 – 15 June 1970
10. S. Jagannathan 16 June 1970 – 19 May 1975
11. N. C. Sen Gupta 19 May 1975 – 19 August 1975
12. K. R. Puri 20 August 1975 – 2 May 1977
13. M. Narasimham 2 May 1977 – 30 November 1977
14. Dr. I. G. Patel 1 December 1977 – 15 September 1982
15. Dr. Manmohan Singh 16 September 1982 – 14 January 1985
16. A. Ghosh 15 January 1985 – 4 February 1985
17. R. N. Malhotra 4 February 1985 – 22 December 1990
18. S. Venkitaramanan 22 December 1990 – 21 December 1992
19. Dr. C. Rangarajan 22 December 1992 – 21 November 1997
20. Dr. Bimal Jalan 22 November 1997 – 6 September 2003
21. Dr. Y. Venugopal Reddy 6 September 2003 – 5 September 2008
22. Dr. Duvvuri Subbarao 5 September 2008 – 4 September 2013
23. Dr. Raghuram G. Rajan 4 September— Till Date