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

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Questions
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
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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
apsc cce prelims 2025