Fill in the blank: The Central Bank is often referred to as the ___ of all banks.

Bank

True or False: Commercial Banks have the authority to issue currency notes.

False. Only the Central Bank has the authority to issue currency notes.

What is one key difference between the objectives of Central Banks and Commercial Banks?

The Central Bank aims for social welfare and economic stability, while Commercial Banks focus on maximizing profits.

Fill in the blank: Unlike Commercial Banks, the Central Bank does not ___ from the public.

Accept deposits

Multiple Choice: Which of the following is NOT a function of a Central Bank? 
A) Issuing currency 
B) Providing loans to individuals 
C) Advising the government 
D) Regulating money supply

B) Providing loans to individuals

What is the primary function of the Reserve Bank of India regarding currency?

The Reserve Bank of India has the exclusive right to issue currency notes, which are backed by gold and foreign exchange reserves.

The Reserve Bank of India was established on ___ under the RBI Act of 1934.

April 1, 1935

True or False: The RBI acts as a banker and financial advisor to commercial banks.

False. The RBI acts as a banker and financial advisor to the government, not commercial banks.

Fill in the blank: The RBI serves as a lender of last resort by providing financial assistance to commercial banks through ___ eligible bills of exchange.

Rediscounting

Multiple Choice: Which of the following is NOT a function of the Reserve Bank of India? 
A) Issuing currency notes
B) Acting as banker to the government 
C) Regulating stock market prices 
D) Maintaining foreign exchange reserves

C) Regulating stock market prices

Fill in the blank: The RBI was nationalized on ___ and has since functioned as the Central Bank of India.

January 1, 1949

What are the two main types of credit control used by Central Banks?

The two main types of credit control are Quantitative Credit Control and Qualitative Credit Control.

True or False: An increase in the bank rate leads to an increase in the cost of borrowing, which usually helps to control inflation.

True.

Fill in the blank: The Statutory Liquidity Ratio (SLR) is mandated to be maintained between ___ and ___ percent.

20 and 40.