Reserve Bank of India and Its Functions

Q. When was the Reserve Bank of India established?

1. 1934
2. 1935
3. 1942
4. 1947

Q.

Explain any three loan activities of banks in India.

Q. Where was the central office of the Reserve Bank of India initially located?

1. Calcutta
2. Delhi
3. Madras
4. Mumbai

Q. The Reserve Bank of India is headquartered at .

1. Chennai
2. New Delhi
3. Kolkata
4. Mumbai

Q. The Reserve Bank of India was established in Mumbai.

1. True
2. False

Q. Read the following statements and choose the correct option.

Assertion (A): The interest rate on loans is higher than a bank's interest rate on deposits.

Reason (R): The bank earns profit out of this margin.

1. Both A and R are true, and R is the correct explanation of A.
2. Both A and R are true, but R is not the correct explanation of A.
3. A is true, but R is false.
4. A is false, but R is true.

Q. Where is the Reserve Bank of India headquartered currently?

1. New Delhi
2. Kolkata
3. Mumbai
4. Chennai

Q. Which of the following is not a function of the Reserve Bank of India?

1. Accepting deposits and providing loans
2. Controlling credit
3. Printing money
4. Lending loans to banks

Q. When was the Reserve Bank of India Act enacted?

1. 1934
2. 1937
3. 1944
4. 1947