666 MCQs on RBI Act, 1934

The Sections 2 to 19, 47, 50 to 52, 55 to 58 and 61 of the RBI Act, 1934 were brought into force on _______________ and other Sections of the Act on April 01, 1935.

In terms of Section 2 (cii) of the RBI Act, 1934, the “inflation target” means the inflation target determined in accordance with the sub-section (l) of Section _________.

In terms of Section 2 (i) of the RBI Act, 1934, the “Co-operative bank”, “co-operative credit society”, “director”, “primary agricultural credit society, “primary co-operative bank” and “primary credit society” shall have the meanings respectively assigned to them in Part V of the _______________________.

In terms of Section 2 (cccci) of the RBI Act, 1934, the “Policy Rate” means the rate for repo-transactions under sub-section (12AB) of Section _________.

Which one of the followings is referred as “National Bank” in terms of Section 2 (ccc) of the RBI Act, 1934?

In terms of Section 1 of the RBI Act, 1934, the RBI Act is applicable to the whole of India except the State of Jammu & Kashmir. Whether this statement is TRUE or FALSE?

Which one of the followings is referred as “International Fund” in terms of Section 2 (cc) of the RBI Act, 1934?

Match the following related to Section (2) of the Chapter I:

In terms of Section 2 (d) of the RBI Act, 1934, the “Rupee Coin” means the rupees which are legal tender in India under the provisions of the _________.

In terms of Section _______ of the RBI Act, 1934, the “Bank for International Settlements (BIS)” means the body corporate established with the said name under the law of Switzerland in pursuance of an agreement dated January 20, 1930 signed at the Hague.

In terms of Section 2 of the RBI Act, 1934, the _______ means the body corporate established with the said name under the law of Switzerland in pursuance of an agreement dated January 20, 1930 signed at the Hague.

In terms of Section 2 (cci) of the RBI Act, 1934, the “Monetary Policy Committee” means the Committee constituted under sub-section (l) of Section _________.

In terms of Section 2 (cccc) of the RBI Act, 1934, the “National Housing Bank” means a National Housing Bank established under the _______________________.

In terms of Section 2 of the RBI Act, 1934, the “Bank for International Settlements (BIS)” means the body corporate established with the said name under the law of _________________ in pursuance of an agreement dated January 20, 1930 signed at the Hague.

In terms of Section 2 (eb) of the RBI Act, 1934, the “Small Industries Bank” means a Small Industries Development Bank of India established under the _______________________.

In terms of Section 2 of the RBI Act, 1934, the “Bank for International Settlements (BIS)” means the body corporate established with the said name under the law of Switzerland in pursuance of an agreement dated January 20, 1930 signed at ____________.

In terms of Section 2 (h) of the RBI Act, 1934, the “agricultural operations”, “central co-operative bank”, “co-operative society”, “crops”, “marketing of crops”, “pisciculture”, “regional rural bank” and “State co-operative bank” shall have the meanings respectively assigned to them in the the _______________________.

In terms of Section _______ of the RBI Act, 1934, the “inflation” means the year wise change in monthly Consumer Price Index expressed in terms of percentage.

In terms of Section 2 (fi) of the RBI Act, 1934, the “State Finance Corporation” means any State Financial Corporation established under the _______________.

In terms of Section 2 (ci) of the RBI Act, 1934, the _______ means the year wise change in monthly Consumer Price Index expressed in terms of percentage.

In terms of Section 2 (ea) of the RBI Act, 1934, the “Sponsor Bank” means a Sponsor Bank as defined in the _______________________.

In terms of Section 2 (eb) of the RBI Act, 1934, the “State Bank” means a State Bank of India constituted under the _______________________.

Which of the following places the RBI Act, 1934 is applicable in terms of Section 1 of the RBI Act, 1934?

In terms of Section 2 (ci) of the RBI Act, 1934, the “inflation” means the year wise change in monthly ___________ expressed in terms of percentage.

Which one of the followings is referred by “International Finance Corporation” in terms of Section 2 (cb) of the RBI Act, 1934?

In terms of Section 2 (e) of the RBI Act, 1934, the “scheduled bank” means a bank included in the ____________ Schedule of the Act.

In terms of Section 2 (ccc) of the RBI Act, 1934, the “National Bank” means a National Bank for Agriculture and Rural Development established under the _______________________.

In terms of Section 2 (ci) of the RBI Act, 1934, the “inflation” means the year wise change in monthly Consumer Price Index expressed in terms of ________.

In terms of Section 2 (bvi) of the RBI Act, 1934, the “Deposit Insurance Corporation” means the Deposit Insurance Corporation established under the _______________________.

Which one of the followings is referred by “International Development Association” in terms of Section 2 (ca) of the RBI Act, 1934?

In terms of Section 2 (bviiia) of the RBI Act, 1934, the “Exim Bank” means the Export-Import Bank of India established under the _______________________.

RBI's Role in Supporting Financial Institutions

Director Appointed under Section 8(1)(d)

Composition of Local Boards

RBI's Borrowing Power

RBI's Loans to Banks (Section 17(3A))

RBI's Deposit Acceptance (No Interest)

Frequency of RBI Board Meetings

RBI's Deposits with Nationalized Banks (Section 17(8B))

RBI's Standing Deposit Facility

Purpose of Establishing the RBI

Governor and Deputy Governor's Powers

RBI's Loans and Advances (Section 17(4))

RBI Acting as an Agent (Section 17(10))

Non-Voting Members of the RBI Board

Directors from Local Boards on the Central Board

RBI's Loans to DICGC (Section 17(4DD))

RBI's Credit Regulation Powers (Section 17(15))

Capital of the RBI

Temporary Appointment in case of Incapacity

Term Limit for Director under Section 8(1)(c)

Total Number of RBI Board Directors

RBI's Foreign Exchange Transactions

RBI's Contributions to National Rural Credit Funds

Deputy Governor's Voting Power

Maturity Period for Bills of Exchange (Section 17(2)(a))

Filling Vacancy on Local Boards

Governor's Exemption from Restrictions

RBI's Loans to NABARD (Section 17(4E))

RBI's Contributions to National Rural Credit Funds (Section 17(4AA))

RBI's Loans to Financial Institutions

RBI's Banking Operations (Section 17)

RBI's Foreign Exchange Transactions (Section 17(3)(b))