Banking AFCAT Questions

AFCAT Indian Economy

Banking MCQ Questions


7.
The longest-serving Governor in the RBI's history was:
A.
Dr. Manmohan Singh
B.
Sir Osborne Smith
C.
Sir C. D. Deshmukh
D.
Sir Benegal Rama Rau, who held office for roughly seven and a half years (1949-1957)
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ANSWER :
D. Sir Benegal Rama Rau, who held office for roughly seven and a half years (1949-1957)
8.
Which former RBI Governor later went on to become the Prime Minister of India?
A.
Sir C. D. Deshmukh
B.
Yaga Venugopal Reddy
C.
Raghuram Rajan
D.
Dr. Manmohan Singh, who served as RBI Governor from 1982 to 1985
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ANSWER :
D. Dr. Manmohan Singh, who served as RBI Governor from 1982 to 1985
9.
The RBI's Central Office (headquarters) was originally located in Calcutta (Kolkata) before being moved to its current location in:
A.
New Delhi, in 1947
B.
Chennai, in 1956
C.
Bombay (Mumbai), in 1937
D.
Bengaluru, in 1965
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ANSWER :
C. Bombay (Mumbai), in 1937
10.
The legal and constitutional status of the RBI is best described as:
A.
A constitutional body, directly established by a specific Article of the Constitution of India
B.
An informal advisory body with no legal backing whatsoever
C.
A statutory body, created by a specific Act of Parliament (the RBI Act, 1934), and not a constitutional body
D.
A private company registered under the Companies Act
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ANSWER :
C. A statutory body, created by a specific Act of Parliament (the RBI Act, 1934), and not a constitutional body
11.
The overall direction and general superintendence of the RBI's affairs rests with its:
A.
Monetary Policy Committee
B.
Banking Codes and Standards Board
C.
Central Board of Directors
D.
Financial Stability and Development Council
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ANSWER :
C. Central Board of Directors
12.
The RBI's Central Board of Directors comprises a total of how many members?
A.
35 members
B.
21 members
C.
12 members
D.
7 members
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ANSWER :
B. 21 members