If you are preparing for the govt exam, mainly Banking and Insurance online exam. As you all know, the Banking and Insurance exams are conducted online, and you are given less time to solve the questions. The RBI-related questions are asked in the banking and insurance exam. Today, we have brought the list of the most important top 50 questions related to the RBI (Reserve Bank of India).
RBO General Knowledge Questions
In the RBI-related bank exam, these questions are asked every year. The RBI releases the notification for RBI Grade A, B, Officer, Assistant and Official assistant etc. Especially in the RBI Exam, these types of questions are formatted to help the students.
We have added the most important questions related to the RBI regularity. There are many chances to come in the coming exam. If you prepare these topics or questions by heart, you can score max to max number in the exam.
Top 50 Important RBI GK Questions Quiz
Practice more and more and give the proper time to learn these questions. In this collection of questions we have narrated about the establishment to the latest trends of the RBI. As we all know that RBI Controls the entire banking system and financial institutions.
Question: What is RBI?
RBI stands for Reserve Bank of India
Question: When was RBI established?
1 April 1935
Question: RBI was established under which Act?
RBI Act, 1934
Question: Where is the RBI headquarters located?
Mumbai
Question: When was RBI nationalized?
1949
Question: What is the main objective of the RBI?
🔹 Functions of RBI
Question: What is the main function of RBI?
To control monetary policy
Question: Why is RBI called the Banker’s Bank?
It provides loans to banks
Question: RBI acts as banker to whom?
Government and banks
Question: Who issues currency in India?
RBI (except ₹1 note)
Question: What does RBI regulate?
Banks and financial system
Question: How does RBI control inflation?
By changing interest rates
Question: What is RBI’s role in forex?
It manages foreign exchange reserves
🔹 Monetary Policy
Question: What is Repo Rate?
Rate at which RBI lends money to banks
Question: What is the Reverse Repo Rate?
Rate at which RBI borrows from banks
Question: What is CRR?
Cash reserve banks keep with the RBI
Question: What is SLR?
Reserve in the form of cash, gold, securities
Question: What is LAF?
Liquidity Adjustment Facility
Question: How many members are in MPC?
6 members
🔹 Banking System
Question: What is a Scheduled Bank?
Bank listed in the RBI Act schedule
Question: Who gives a banking license?
RBI
Question: Why does RBI inspect banks?
To ensure safety and compliance
Question: What is DICGC?
Deposit insurance up to ₹5 lakh
🔹 Payment Systems
Question: What is NEFT?
Electronic fund transfer system
Question: What is RTGS?
Real-time large transactions
Question: What is UPI?
Instant payment system
🔹 Currency & Credit
Question: What is the Minimum Reserve System?
RBI keeps a minimum reserve of ₹200 crore
Question: What is Legal Tender?
Money accepted by law
Question: How does RBI control credit?
Through monetary tools
🔹 Government Role
Question: RBI acts as what for the government?
Banker, agent, advisor
Question: What are Ways and Means Advances?
Short-term loan to the government
🔹 Financial Stability
Question: How does RBI ensure stability?
Through regulation
Question: What are NPAs?
Bad loans
Question: Who implements Basel norms in India?
RBI
🔹 Important Concepts
Question: What are Open Market Operations?
Buying/selling government securities
Question: Inflation target in India?
4% ± 2%
Question: What is Priority Sector Lending?
Loans to important sectors
🔹 Development Functions
Question: Which institutions are promoted by the RBI?
NABARD, SIDBI
Question: What is Financial Inclusion?
Banking access to all
🔹 Reports & Data
Question: Name the RBI reports?
Annual Report, Financial Stability Report
Question: Why RBI publish data?
For policy decisions
Question: What is RBI Ombudsman?
Complaint redress system
Question: RBI advises whom?
Government of India
Question: Who manages the currency system?
RBI
Question: RBI’s main goal?
Stability + Growth
🔹 Exam-Oriented Quick Facts
Question: RBI is the lender of last resort for whom?
Banks
Question: Banking Regulation Act year?
1949
Question: RBI controls what?
Money supply
Question: What happens if Repo Rate increases?
Loans become expensive
Question: What happens if Reverse Repo increases?
Banks deposit more money with RBI