The Reserve Bank of India
The Reserve Bank of India
The Reserve Bank of India:
Every country has its own central bank that acts as the overall regulatory authority. Reserve Bank of India (RBI) is the central bank of the country and is different from Central Bank of India, which is only one of the scheduled commercial banks. The Reserve Bank of India (RBI) is India's Central Banking Institution, which controls the monetary policy of the Indian rupee.
The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
Banking in India is controlled by which of the following ? | |||
| Right Option : C | |||
| View Explanation | |||
As per RBI directives, which of the following areas/functions cannot be outsourced by banks? | |||
| Right Option : A | |||
| View Explanation | |||
Which act has given control & supervision power to RBI over commercial banks ? | |||
| Right Option : C | |||
| View Explanation | |||
Students / Parents Reviews [10]
It was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
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