Which of the following is the WRONG statement about RBI?
a) The RBI is the supreme monetary and banking authority in the country
b) It is called the Reserve Bank as it keeps the reserves of all commercial banks.
c) The Reserve Bank of India was established on April 1, 1945
d) The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
Arrange the following in top to bottom order. (About the flow of authority in banks in India)
a) Public sector banks
b) Scheduled banks
c) SBI
d) RBI
Examine the following statements, and choose the option that suits the best.
Sentence: In order to be included under this schedule of the RBI Act, banks have to
Statement 1: To fulfill certain conditions such as having a paid up capital and reserves of at least 0.5 million
Statement 2: And satisfying the Reserve Bank that its affairs are not being conducted in a manner prejudicial to the interests of its depositors.
Statement -1 is true,
statement -2 is true;
Both statements give the correct explanation for the Sentence.
Statement -1 is true,
statement -2 is true;
Both statements DOESN'T give the correct explanation for the Sentence.
Statement -1 is true,
statement -2 is false.
Statement -1 is false,
statement -2 is true.
SCBs in India are categorized into the _____ groups based on their ownership and/or their nature of operations.
