Banking,financial and economic awareness for RBI Assistant Mains

Get the latest and most frequently asked questions on banking, financial and economic awareness. These objective MCQs are important from the viewpoint of those who are preparing for RBI Assistant Mains.


Q1- In which year and date RBI was established?

(a) 2 March 1946
(b) 1 April 1935
(c) 2 April 1948
(d) 1 April 1976
• Correct option:(b)

Q2-When did the RBI (Reserve Bank Of India) nationalised ?

(a) 1 January 1949
(b) 15 February 1956
(c) 15 January 1945
(d) 10 March 1947
• Correct option: (a)

Q3-On which commission’s recommendations, RBI was established?

(a) Chamberlain commission
(b) Hilton young commission
(c) Keynes commission
(d) None of the above
• Correct option: (b)

Q4-Which of the following is not the work of RBI?

(a) Bank of banks
(b) Credit controller
(c) Custodian of foreign currency
(d) Allocating funds directly to the farmers for agricultural development.
• Correct option: (d)

Q5-Who mints the coins in India?

(a) Ministry of finance
(b) Reserve Bank of India?
(c) Prime minister’s office
(d) Commerce and lndustry ministry
• Correct option: (b)

Q6-Who Introduced the Banking Ombudsman Scheme?

(a) Ministry of finance
(b) Prime minister’s office
(c) President of India
(d) RBI
• Correct option: (d)

Q7-Name the Managing Director and Chief Executive Officer of Lakshmi Vilas Bank whose tenure has been extended by 6 months after the approval of RBI?

(a) Amitabh Chaudhary
(b) Rajnish Kumar
(c) Aditya Puri
(d) Subramanian Sundar
• Correct option: (d)

Q8-Name the new initiative recently launched by the government of India to conduct a skill mapping exercise of the Indian citizens returning from overseas under the “Vande Bharat Mission”?

• Correct option: (c)

Q9-The Government of India has launched KCC campaign for 1.5 crore Dairy farmers. What KCC stands for?

(a) Kisan Credit Card
(b) Kisan Collateral Card
(c) Kisan Corona Card
(d) Kisan Collection Card
• Correct option: (a)

Q10-Name the ministry which has recently released an e-booklet called “One Year of Modi 2.0-Towards a Self -Reliant India”, which highlights the achievements of the Modi government during it’s second term?

(a) Ministry of Defense
(b) Ministry of Home Affairs
(c) Ministry of Information and Broadcasting
(d) Ministry of Human Resource Development
• Correct option: (d)

Q11-Name the video blogging contest which has been launched by Indian Prime Minister Shri Narendra Modi recently in 2020?

(a) My Life My Style
(b) My Life My Yoga
(c) My Life My Rules
(d) My Life My Views
• Correct option: (b)

Q12-Name the person who has been appointed as the Chairman of the National Institute of Public Finance and Policy (NIPFP),an economic think tank which is based in New Delhi, India?

(a) Urjit Patel
(b) Janak Raj
(c) Raghuram Rajan
(d) Viral Acharya
• Correct option: (a)

Q13-Who was the first Indian Governor of RBI?

(a) Sir Bengal Rama Rau
(b) L. K. Jha
(c) Sir C. D. Deshmukh
(d) N. C. Sen Gupta
• Correct option: (c)

Q14-The money, a commercial bank needs to preserve in the form of cash or gold or Bonds before providing credit to their own customers is known as:

(a) Cash Reserve Ratio
(b) Marginal Standing Facility
(c) Liquidity Adjustment Facility
(d) Statutory Liquidity Ratio
• Correct option: (d)

Q15-Who was the first Reserve Bank Of India‘s Governor?

(a) Sir C. D. Deshmukh
(b) Janak Raj
(c) Sir Osborne Smith
(d) L. K. Jha
• Correct option: (c)

Q16-Where was the first Headquarters of RBI?

(a) Lucknow
(b) Kolkata
(c) New Delhi
(d) Mumbai
• Correct option: (b)

Q17-When did the Headquarters of RBI moved to Mumbai?

(a) 1937
(b) 1946
(c) 1968
(d) 1980
• Correct option: (a)

Q18-Which institute is called as “Banker’s bank”?

(a) Ministry of finance
(b) RBI
(c) Ministry of Home Affairs
(d) SEBI
• Correct Option: (b)

Q19-Certain minimum amount of money that commercial banks have to hold in the form of Reserves with the RBI is called as :

(a) Statutory Liquidity Ratio
(b) Marginal Standing Facility
(c) Liquidity Adjustment Facility
(d) Cash Reserve Ratio
• Correct option: (d)

Q20- In which denomination were India’s first bimetallic coins issued in the year 2009?

(a) 2
(b) 10
(c) 1
(d) 5
• Correct option: (b)


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