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Questions and Answers
What is the primary responsibility of the Reserve Bank of India (RBI)?
Where are the currency printing presses of the Reserve Bank of India (RBI) located?
Which division of RBI is responsible for regulating the payment and settlement systems in India?
What was the original share capital division of the Reserve Bank of India (RBI)?
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When did the Monetary Policy Committee gain control over monetary policy in India?
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What is the official name of India according to ISO?
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Which country shares a maritime border with India's Andaman and Nicobar Islands?
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When did settled life emerge on the Indian subcontinent in the western margins of the Indus river basin?
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Which ocean is to the south of India?
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From which direction did an archaic form of Sanskrit diffuse into India?
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Study Notes
Reserve Bank of India (RBI) Responsibilities
- Primary responsibility is to regulate the issue and supply of the Indian rupee, ensuring monetary stability in India.
Currency Printing Presses
- Currency printing presses operated by RBI are located in Nashik, Dewas, and Mysuru.
Payment and Settlement Systems
- The Department of Payment and Settlement Systems (DPSS) is responsible for regulating these systems within India.
Original Share Capital Division
- RBI was originally established with a share capital divided into shares of varying denominations, contributing to its initial financial framework.
Monetary Policy Committee
- The Monetary Policy Committee (MPC) gained control over monetary policy in India in 2016.
Official Name of India
- According to ISO, the official name of India is "Republic of India."
Maritime Borders
- Indonesia shares a maritime border with India's Andaman and Nicobar Islands.
Settled Life in Indian Subcontinent
- Settled life emerged on the Indian subcontinent around 7000 BCE in the western margins of the Indus River basin.
Ocean South of India
- The Indian Ocean is located to the south of India.
Diffusion of Sanskrit
- An archaic form of Sanskrit diffused into India from the northwest, particularly through early Indo-Aryan migrations.
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Description
Test your knowledge about the Reserve Bank of India (RBI) with this quiz. Explore questions about its role as India's central bank, regulatory functions, currency control, and its impact on economic development.
