RBI GK Questions and Answers
41. Which year did RBI launch the first monetary policy framework?
- A) 1991
- B) 1997
- C) 2002
- D) 2015
D) 2015
Explanation: The RBI launched its first monetary policy framework in 2015, aimed at setting a formal inflation target and ensuring price stability.
42. Which RBI scheme was launched to promote financial inclusion by providing basic banking facilities to the poor?
- A) Pradhan Mantri Jan Dhan Yojana
- B) Swabhimaan Campaign
- C) Financial Inclusion Plan
- D) Basic Savings Bank Deposit Account (BSBDA)
A) Pradhan Mantri Jan Dhan Yojana
Explanation: The Pradhan Mantri Jan Dhan Yojana (PMJDY) is the scheme launched by the Reserve Bank of India (RBI) to promote financial inclusion by providing basic banking facilities to the poor. This scheme was initiated to ensure access to financial services such as basic savings and deposit accounts, remittance, credit, insurance, and pension in an affordable manner.
43. In which year did RBI start operations of the National Electronic Funds Transfer (NEFT) system?
- A) 2001
- B) 2005
- C) 2008
- D) 2010
B) 2005
Explanation: The Reserve Bank of India (RBI) started the operations of the National Electronic Funds Transfer (NEFT) system in 2005. NEFT is a nationwide payment system facilitating one-to-one funds transfer from any bank branch to any other bank branch in India.