RBI HISTORY BASED QUIZ FOR IBPS

1.When did Reserve Bank of India (RBI) formed?
Answer: 1935 april 1

2. When did Reserve Bank of India (RBI) Nationalised ?
Answer: 1949

3. Where was the first Headquarters of Reserve Bank of India (RBI) ?
Answer: Kolkata

4. When did the Headquarters of Reserve Bank of India (RBI) moved to Mumbai ?

Answer: 1937

5. Who was the First Reserve Bank of India (RBI) Governor ?

Answer: Sir Osborne Smith

6. Who was the first Indian RBI Governor ?

Answer: C.D.Deshmukh 

7. Which Commission recommended the formation of Reserve Bank of India (RBI) ?
Answer: Hilton Young Commission (Royal commission)

8. Which bank is known as Banker's Bank ?
Answer: Reserve Bank of India (RBI)

9. Who is the present Governor of RBI ?

Answer: Dr. URJIT PATEL

10. What is the role of the Reserve Bank of India in currency management?

The Reserve Bank derives its role in currency management from the Reserve Bank of India Act, 1934.The Reserve Bank manages currency in India. The Government, on the advice of the Reserve Bank, decides on various denominations of banknotes to be issued. The Reserve Bank also co-ordinates with the Government in the designing of banknotes, including the security features. The Reserve Bank estimates the quantity of banknotes that are likely to be needed denomination-wise and accordingly, places indent with the various printing presses. Banknotes received from banks and currency chests are examined and those fit for circulation are reissued and the others (soiled and mutilated) are destroyed so as to maintain the quality of banknotes in circulation.