6 March 1935.
under the Reserve Bank of India Act, 1934.
The Reserve Bank of India was established on ___ by an act passed by the parliament. | Card: 1 / 28 |
True or False: The Hilton Young Commission recommended the establishment of a central bank in India. | Card: 3 / 28 |
False. The commission recommended it in 1926. The RBI Act came in 1934, and RBI started in 1935. | Card: 4 / 28 |
The composition of the RBI's Board includes a governor and ___ deputy governors appointed by the central government. | Card: 5 / 28 |
Fill in the blank: The RBI acts as a ___ between the government and commercial banks. | Card: 7 / 28 |
Which committee consists of the governor, deputy governors, and other members present during meetings? | Card: 9 / 28 |
Regulation of monetary growth, maintenance of price stability, ensuring adequate expansion of credit, and strengthening the banking system. | Card: 14 / 28 |
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Fill in the blank: The current Cash Reserve Ratio (CRR) maintained by the RBI is ___%. | Card: 15 / 28 |
The bank rate is the official interest rate at which the RBI lends to commercial banks; increasing it helps control credit and inflation. | Card: 18 / 28 |
True or False: The RBI has the authority to issue bills of exchange and promissory notes. | Card: 19 / 28 |
What is the purpose of the Statutory Liquidity Ratio (SLR) in the context of commercial banks? | Card: 21 / 28 |
SLR refers to the portion of deposits that banks must keep as liquid assets to ensure solvency and stability. | Card: 22 / 28 |
Qualitative measures such as margin requirements and consumer credit regulations. | Card: 26 / 28 |
Local boards consist of members nominated to ensure regional representation and facilitate local banking needs. | Card: 28 / 28 |






