Class 12 Finance MCQ Chapter 1 Organisation and Management of The RBI Solutions in English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 12 Finance MCQ Chapter 1 Organisation and Management of The RBI Question Answer and select need one. Class 12 Finance MCQ Chapter 1 Organisation and Management of The RBI Solutions Download PDF. AHSEC Class 12 Banking Multiple Choice Solutions.
Class 12 Finance MCQ Chapter 1 Organisation and Management of The RBI
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 12 Finance Objective Type Solutions are part of All Subject Solutions. Here we have given HS 1st Year Banking Multiple Choice Question and Answer, HS First Year Banking MCQs Solutions for All Chapters, You can practice these here.
Organisation and Management of The RBI
Chapter: 1
| MCQ |
1. Under which act was the Reserve Bank of India constituted?
(i) Reserve Bank of India Act, 1934.
(ii) Banking Regulation Act, 1949.
(iii) Companies Act, 1956.
(iv) Negotiable Instruments Act, 1881.
Ans: (i) Reserve Bank of India Act, 1934.
2. When did the Reserve Bank of India start functioning?
(i) 1st January 1934.
(ii) 1st April 1935.
(iii) 1st January 1949.
(iv) 15th August 1947.
Ans: (ii) 1st April 1935.
3. What was the original share capital of RBI?
(i) Rs. 10 crores.
(ii) Rs. 15 crores.
(iii) Rs. 5 crores.
(iv) Rs. 20 crores.
Ans: (iii) Rs. 5 crores.
4. In which year was RBI nationalised?
(i) 1947.
(ii) 1948.
(iii) 1949.
(iv) 1950.
Ans: (iii) 1949.
5. RBI started functioning as a state-controlled bank from:
(i) 1st April 1935.
(ii) 1st January 1949.
(iii) 1st July 1955.
(iv) 15th August 1947.
Ans: (ii) 1st January 1949.
6. Who appoints the Governor of RBI?
(i) Finance Minister.
(ii) President of India.
(iii) Central Government.
(iv) RBI Central Board.
Ans: (iii) Central Government.
7. How many members are there in the Central Board of Directors of RBI?
(i) 10.
(ii) 20.
(iii) 15.
(iv) 25.
Ans: (ii) 20.
8. How many Deputy Governors are appointed in RBI?
(i) 1.
(ii) 2.
(iii) 3.
(iv) 4.
Ans: (iv) 4.
9. The term of the RBI Governor is:
(i) 3 years.
(ii) 4 years.
(iii) 5 years.
(iv) 6 years.
Ans: (iii) 5 years.
10. Local Boards of RBI consist of how many members each?
(i) 5.
(ii) 6.
(iii) 4.
(iv) 7.
Ans: (i) 5.
11. Which city is not the headquarters of an RBI Local Board?
(i) Mumbai.
(ii) Kolkata.
(iii) Hyderabad.
(iv) Chennai.
Ans: (iii) Hyderabad.
12. Who acts as RBI’s agent where RBI branches are not present?
(i) NABARD.
(ii) Commercial Banks.
(iii) State Bank of India.
(iv) LIC of India.
Ans: (iii) State Bank of India.
13. Who is the Chairman of RBI’s Central Board?
(i) Prime Minister of India.
(ii) Governor of RBI.
(iii) Finance Secretary.
(iv) Deputy Governor.
Ans: (ii) Governor of RBI.
14. The administrative department that deals with currency issuance is:
(i) Banking Department.
(ii) Issue Department.
(iii) Department of Expenditure.
(iv) Rural Planning Department.
Ans: (ii) Issue Department.
15. RBI’s head office is located in:
(i) Delhi.
(ii) Chennai.
(iii) Kolkata.
(iv) Mumbai.
Ans: (iv) Mumbai.
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