RBI Objective Type Questions & Answers

(21) Who will settle the grievances of customers of banks?

[A] Reserve Bank of India

[B] State Bank of India

[C] Local Courts

[D] Ombuds Men

Answer: Ombuds Men

(22) Which was the firth Bank corporated by the Indians? (1881)

[A] Imperial Bank of India

[B] State Bank of India

[C] Avadh Commercial Bank

[D] Reserve Bank of India

Answer: Avadh Commercial Bank

(23) When was the Avadh Commercial Bank established?

[A] 1881

[B] 1894

[C] 1898

[D] 1899

Answer: 1881

(24) When was Reserve Bank of India established?

[A] 1920

[B] 1925

[C] 1935

[D] 1948

Answer: 1935

(25) When was Reserve Bank of India Nationalised?

[A] 1947

[B] 1948

[C] 1949

[D] 1950

Answer: 1949

(26) Imperial Banks were amalgamated and changed as _________

[A] Reserve Bank of India

[B] Tata Bank of India

[C] Subsidiary Banks

[D] Union Bank of India

Answer: Tata Bank of India

(27) How many banks were first nationalised?

[A] 10

[B] 12

[C] 14

[D] 16

Answer: 14

(28) How many banks were in second phase of nationalisation?

[A] 4

[B] 5

[C] 6

[D] 7

Answer: 6

(29) Who will act as the banker to the Government of India?

[A] State Bank of India

[B] Reserve Bank of India

[C] NABARD

[D] Nationalised Banks

Answer: Reserve Bank of India

(30) Who was first governor of Reserve Bank of India?

[A] K. A. Narasimham

[B] V. K. Malhotra

[C] A. K. Vadia

[D] A. B. A Smith

Answer: A. B. A Smith

31 When was Lead Bank Scheme introduced?

[A] 1967

[B] 1968

[C] 1969

[D] 1974

Answer: 1969

32 When was Imperial Bank was Changed as State Bank of India?

[A] January 1st 1935

[B] Feb 26 1947

[C] July 1st 1955

[D] July 1st 1959

Answer: July 1st 1955

33 Regional Rural Banks were established in the year –

[A] 1969

[B] 1972

[C] 1973

[D] 1975

Answer: 1975

34 Which of the following is not the function of the Reserve Bank of India ?

[A] Acting as banker to the Government

[B] Keeping of Foreign Exchange Reserve

[C] Issuing of one rupee notes and coins

[D] Regulating credit in the country

Answer: Issuing of one rupee notes and coins

35 With which of the following is SARFAESI Act 2002 related?

[A] Recovery of bad loans

[B] Regulation of Foreign Exchange

[C] Fixation of interest rates

[D] Acquisition of small banks

Answer: Recovery of bad loans

36 Which is the country’s third largest private sector lender whose name has been officially changed to the Axis Bank ltd?

[A] HDFC Bank

[B] Lord Krishna Bank

[C] Centurion Bank

[D] UTI Bank

Answer: UTI Bank

37 In which year was the Reserve Bank of India established?

[A] 1935

[B] 1947

[C] 1949

[D] 1952

Answer: 1935

38 Which of the following is the apex institution which handles refinance for agriculture and rural development in India?

[A] RBI

[B] SIDBI

[C] NABARD

[D] SEBI

Answer: NABARD

39 Expand the term LIBOR as used in financial banking sectors?

[A] Local Indian Bank Offered Rate

[B] London-India Bureau Of Regulations

[C] Liberal International Bank Official Ratio

[D] London Inter Bank Offered Rate

Answer: London Inter Bank Offered Rate

40 The Imperial Bank of India, after its nationalization came to be known as

[A] Reserve Bank of India

[B] State Bank of India

[C] United Bank of India

[D] Indian Overseas Bank

Answer: State Bank of India

RBI Quiz | Reserve Bank of India Objective Type Questions & Answers

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