GK Quiz on Reserve Bank of India: Can You Ace The Ultimate RBI Knowledge Challenge

The Reserve Bank of India (RBI) plays a crucial role in the Indian economy. Understanding its functions, history, and policies is essential for anyone interested in Indian finance and beyond. So, put your thinking cap on and challenge yourself with this General Knowledge Quiz on the RBI!

1. In which year was the Reserve Bank of India established?

a) 1935

b) 1947

c) 1950

d) 1966

Answer: a) 

2. What is the primary function of the RBI?

a) To manage the country's foreign exchange reserves

b) To issue currency notes

c) To regulate commercial banks

d) All of the above

Answer: d) 

3. Who is the current Governor of the RBI?

a) Shaktikanta Das 

b) Raghuram Rajan

c) Manmohan Singh

d) Urjit Patel

Answer: a) 

4. What is the symbol of the RBI?

a) Tiger

b) Palm tree

c) Elephant

d) Both a and b

Answer: d) 

5. Which city is the headquarters of the RBI?

a) Mumbai

b) Delhi

c) Kolkata

d) Chennai

Answer: a) 

6. What is the current Repo Rate set by the RBI? (as of February 2024)

a) 4%

b) 5%

c) 6.5%

d) 7%

Answer: c)

7. What is the name of the digital currency launched by the RBI?

a) e-Rupee

b) DigiCash

c) Paytm

d) PhonePe

Answer: a) 

8. What is the minimum paid-up capital requirement for a new bank in India as per RBI regulations?

a) ₹ 100 crore

b) ₹ 500 crore

c) ₹ 1000 crore

d) ₹ 5000 crore

Answer: b) 

9. What is the name of the monetary policy committee (MPC) of the RBI?

a) Financial Policy Committee (FPC)

b) Monetary Policy Council (MPC)

c) Reserve Bank Monetary Committee (RBMC)

d) None of the above

Answer: b) 

10. What is the name of the RBI's online platform for filing complaints against banks?

(a) CMS

(b) CRMS

(c) CMS Portal

(d) RBI Grievance Portal

Answer: d)