RBI GK Questions with Answers for the students preparing for exams like IBPS/RBI/SSC/UPSC and other competitive bank exams.
1. In which year was the RBI Act passed?
- A) 1932
- B) 1934
- C) 1949
- D) 1951
B) 1934
Explanation: The Reserve Bank of India Act, which led to the establishment of the Reserve Bank of India, was passed in the year 1934. This act provides the statutory basis for the functioning of the RBI.
2. In which year did RBI come into existence or get established?
- A) 1934
- B) 1935
- C) 1947
- D) 1950
B) 1935
Explanation: The Reserve Bank of India commenced operations on April 1, 1935, as per the provisions of the Reserve Bank of India Act, 1934.
3. In which year was RBI nationalized or became a state-owned institution?
- A) 1947
- B) 1948
- C) 1949
- D) 1951
C) 1949
Explanation: The Reserve Bank of India was nationalized on January 1, 1949, through the Reserve Bank (Transfer to Public Ownership) Act, 1948.
4. How many members are there in the Central Board of Directors of RBI?
- A) 10
- B) 14
- C) 21
- D) 25
D) 25
Explanation: The RBI’s Central Board of Directors has 25 members (as of June 2024).
5. The Head Office of RBI is located in?
- A) New Delhi
- B) Mumbai
- C) Kolkata
- D) Chennai
B) Mumbai
Explanation: The Reserve Bank of India’s central office is located in Mumbai, Maharashtra.
6. How many local boards are there in the organizational structure of RBI?
- A) 2
- B) 4
- C) 6
- D) 8
B) 4
Explanation: There are four local boards of the RBI located in Mumbai, Kolkata, Chennai, and New Delhi.
7. Who appoints the governor and the deputy governors of RBI?
- A) President of India
- B) Prime Minister of India
- C) Finance Minister of India
- D) Central Government
D) Central Government
Explanation: The Governor and Deputy Governors of the Reserve Bank of India are appointed by the Central Government of India.
8. Who was the first foreign governor of RBI?
- A) James Taylor
- B) Osborne Smith
- C) Benegal Rama Rau
- D) John Mathai
B) Osborne Smith
Explanation: Sir Osborne Smith was the first Governor of the Reserve Bank of India, serving from 1935 to 1937.
9. Who was the first Indian governor of RBI?
- A) C.D. Deshmukh
- B) L.K. Jha
- C) Bimal Jalan
- D) Manmohan Singh
A) C.D. Deshmukh
Explanation: C.D. Deshmukh was the first Indian Governor of the Reserve Bank of India, serving from 1943 to 1949.
10. Who is the present governor of RBI?
- A) Raghuram Rajan
- B) Urjit Patel
- C) Shaktikanta Das
- D) D. Subbarao
C) Shaktikanta Das
Explanation: As of the latest information available till June 2024, Shaktikanta Das is the current Governor of the Reserve Bank of India, having assumed office in December 2018.