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September 08, 2015

Quick look about RBI (Reserve Bank of India)

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Friends, I am Rohit Dandapat. Here I'm posting the key points about RBI and list of Governors of Reserve Bank of India. It might be useful for the shortlisted candidates for interview  of RBI Assistants. All the Best :)


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
etc.

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
Nasik (Maharashtra).

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
Stabilization Scheme.

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

Check list of candidates selected for interview of RBI Assistants here

 

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