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The Reserve Bank of India

1.

Which of the followong Governors of RBI also served as the Finance Minister of India ?

Answer: D

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2.

Which among the following constitutes Forex Exchange Reserves (FER) of India?

Answer: D

Forex Exchange Reserves (FER) comprises Foreign Currency Assets (FCA), Gold, Special Drawing Rights and Reserve Tranche Position.

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3.

Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

Answer: D

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4.

Which of the following factors is/ are considered by the RBI to determine the number of notes to be issued by it ?

Answer: D

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5.

What interest rate is applied on balances on Cash Reserve Ratio (CRR) deposits maintained by Scheduled Commercial Bank (SCB) with RBI?

Answer: A

Deposits under CRR do not carry any interest.

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Answer: C

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7.

According to RBI Act, what minimum amount of balance on every friday needs to be maintained by Government of India with Reserve Bank of India?

Answer: D

The Central and the State Governments maintain deposits with the Reserve Bank. It has been agreed by the Central Government, to maintain a minimum balance of Rs 100 crore as on Fridays

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Answer: B

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9.

In which denomination were India's first bimetallic coins issued in the year 2009?

Answer: C

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10.

Y H Malegam committee is related to ________?

Answer: D

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