Economics (Part – XI) - Mock Test 365

21. The Banking Regulation Act was passed in India in_______. [S.S.C. Online C.G.L. (T-I) 6.06.2019(Shift-III)]

(a) 1951
(b) 1974
(c) 1965
(d) 1949

Correct Answer: (d) 1949

Solution:The Banking Regulation Act was passed in India in 1949 that regulates all banking firms in India. Passed as the Banking Companies Act 1949, it came into force on 16 March 1949 and changed to Banking Regulation Act 1949 on 1 March 1966. It is applicable in Jammu and Kashmir on 1956.

22. The headquarters of RBI is in- [S.S.C. Online C.G.L.(T-I) 8.09.2016 (Shift-III)]

(a) Delhi
(b) Kanpur
(c) Mumbai
(d) Nasik

Correct Answer: (c) Mumbai

Solution:

The Reserve Bank of India is the central bank of India. It was established on 1st April, 1935 as per the Reserve Bank of India Act, 1934 with a capital of Rs 5 crore. It was nationalized on January 1, 1949. Its headquarter is in Mumbai. Reserve Bank has 31 regional offices located in different cities..

23. The Reserve Bank was established in 1935 by the Banking Regulation Act, 1934 with a capital of Rs._______. [S.S.C. Online MTS (T-I) 21.08.2019 (Shift-I)]

(a) 5 crore
(b) 4 crore
(c) 3 crore
(d) 2 crore

Correct Answer: (a) 5 crore

Solution:The Reserve Bank of India is the central bank of India. It was established on 1st April, 1935 as per the Reserve Bank of India Act, 1934 with a capital of Rs 5 crore. It was nationalized on January 1, 1949. Its headquarter is in Mumbai. Reserve Bank has 31 regional offices located in different cities..

24. In which year, RBI was nationalized? [SS.C. Online CHSL (T-I) 1.02.2017 (Shift-II)]

(a) 1939
(b) 1949
(c) 1959
(d) 1969

Correct Answer: (b) 1949

Solution:The Reserve Bank of India is the central bank of India. It was established on 1st April, 1935 as per the Reserve Bank of India Act, 1934 with a capital of Rs 5 crore. It was nationalized on January 1, 1949. Its headquarter is in Mumbai. Reserve Bank has 31 regional offices located in different cities..

25. In which year was the Reserve Bank of India established? [S.S.C. Online MTS (T-I) 11.10.2021 (Shift-II) S.S.C. Online C.P.O. S.I. 5.06.2016 (Shift-I)]

(a) 1942
(b) 1947
(c) 1932
(d) 1935

Correct Answer: (d) 1935

Solution:The Reserve Bank of India is the central bank of India. It was established on 1st April, 1935 as per the Reserve Bank of India Act, 1934 with a capital of Rs 5 crore. It was nationalized on January 1, 1949. Its headquarter is in Mumbai. Reserve Bank has 31 regional offices located in different cities..

26. Which among the following financial institutions was nationalised in 1949? [S.S.C. Online CHSL (T-I) 18.03.2020 (Shift-II)]

(a) SIDBI
(b) RBI
(c) IFCI
(d) PNB

Correct Answer: (b) RBI

Solution:The Reserve Bank of India is the central bank of India. It was established on 1st April, 1935 as per the Reserve Bank of India Act, 1934 with a capital of Rs 5 crore. It was nationalized on January 1, 1949. Its headquarter is in Mumbai. Reserve Bank has 31 regional offices located in different cities..

27. Reserve Bank of India, which acts as a banker to the Central Government, was established on: [S.S.C. Online CHSL (T-I) 15.10.2020 (Shift-II)]

(a) 1ˢᵗ April 1950
(b) 1ˢᵗ April 1948
(c) 1ˢᵗ April 1945
(d) 1ˢᵗ April 1935

Correct Answer: (d) 1ˢᵗ April 1935

Solution:The Reserve Bank of India is the central bank of India. It was established on 1st April, 1935 as per the Reserve Bank of India Act, 1934 with a capital of Rs 5 crore. It was nationalized on January 1, 1949. Its headquarter is in Mumbai. Reserve Bank has 31 regional offices located in different cities..

28. What is the accounting year of the Reserve Bank of India? [S.S.C. Online C.G.L.(T-I) 28.08.2016 (]

(a) April-March
(b) July-June
(c) October-September
(d) January-December

Correct Answer: (b) July-June

Solution:Option (b) was correct when the question was asked in the paper. Recently, the Central Board of Directors of the RBI recommended to align the accounting year of RBI with the financial year of the government (April-March), from 2020-21..

29. The Central Board of Directors of the RBI (Reserve Bank of India) is appointed nominated for a period of years. [S.S.C. Online MTS (T-I) 13.10.2021 (Shift-III)]

(a) five
(b) six
(c) four
(d) three

Correct Answer: (c) four

Solution:The Central Board of Directors of the RBI (Reserve Bank of India) is appointed/nominated for a period of four years.

30. Who among the following was the first Indian Governor of the Reserve Bank of India? [S.S.C. Online CHSL (T-I) 05.08.2021.22 (Shift-I)]

(a) Morarji Desai
(b) K.C. Neogy
(c) C.D. Deshmukh
(b) K.C. Neogy

Correct Answer: (c) C.D. Deshmukh

Solution:C.D. Deshmukh was the first Indian governor of the Reserve Bank of India. He held this post from August 11, 1943 to June 30, 1949.

Economics (Part – XI)

21. The Banking Regulation Act was passed in India in_______. [S.S.C. Online C.G.L. (T-I) 6.06.2019(Shift-III)]

22. The headquarters of RBI is in- [S.S.C. Online C.G.L.(T-I) 8.09.2016 (Shift-III)]

23. The Reserve Bank was established in 1935 by the Banking Regulation Act, 1934 with a capital of Rs._______. [S.S.C. Online MTS (T-I) 21.08.2019 (Shift-I)]

24. In which year, RBI was nationalized? [SS.C. Online CHSL (T-I) 1.02.2017 (Shift-II)]

25. In which year was the Reserve Bank of India established? [S.S.C. Online MTS (T-I) 11.10.2021 (Shift-II) S.S.C. Online C.P.O. S.I. 5.06.2016 (Shift-I)]

26. Which among the following financial institutions was nationalised in 1949? [S.S.C. Online CHSL (T-I) 18.03.2020 (Shift-II)]

27. Reserve Bank of India, which acts as a banker to the Central Government, was established on: [S.S.C. Online CHSL (T-I) 15.10.2020 (Shift-II)]

28. What is the accounting year of the Reserve Bank of India? [S.S.C. Online C.G.L.(T-I) 28.08.2016 (]

29. The Central Board of Directors of the RBI (Reserve Bank of India) is appointed nominated for a period of years. [S.S.C. Online MTS (T-I) 13.10.2021 (Shift-III)]

30. Who among the following was the first Indian Governor of the Reserve Bank of India? [S.S.C. Online CHSL (T-I) 05.08.2021.22 (Shift-I)]

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