Reserve Bank of India: Functions and Role

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When did the Reserve Bank of India start its operations?

1935 (correct)

1926

1949

1934

What was the recommendation of the Hilton Young Commission?

To nationalize the Reserve Bank of India

To separate the control of currency and credit from the Government (correct)

To establish State Bank of India

To merge the Reserve Bank with other banks

Which country seceded from the Indian Union in 1937?

Sri Lanka

Bangladesh

Pakistan

Burma (Myanmar) (correct)

In which year was the Reserve Bank of India nationalized?

1949 Signup and view all the answers

When did the State Bank of Pakistan commence operations?

1947 Signup and view all the answers

When did the nationalization of RBI take place?

1948 Signup and view all the answers

Where was the Central Office of the Reserve Bank initially established?

Calcutta Signup and view all the answers

What is the primary purpose of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?

Providing insurance of deposits and guaranteeing credit facilities Signup and view all the answers

What is the key central banking function mandated to the RBI?

Issuing bank notes Signup and view all the answers

What does the Preamble of the Reserve Bank of India describe as its basic functions?

All of the above Signup and view all the answers

Reserve Bank of India: Functions and Role

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Questions and Answers

When did the Reserve Bank of India start its operations?

What was the recommendation of the Hilton Young Commission?

Which country seceded from the Indian Union in 1937?

In which year was the Reserve Bank of India nationalized?

When did the State Bank of Pakistan commence operations?

When did the nationalization of RBI take place?

Where was the Central Office of the Reserve Bank initially established?

What is the primary purpose of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?

What is the key central banking function mandated to the RBI?

What does the Preamble of the Reserve Bank of India describe as its basic functions?

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