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TOTAL QUESTION: 20
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Your results are here!! for" History of the Reserve Bank of India (RBI) "
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Question 1 of 20
1. Question
On which date was the Reserve Bank of India established?
Correct
The RBI was established on April 1, 1935.
Incorrect
The RBI was established on April 1, 1935.
Unattempted
The RBI was established on April 1, 1935.
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Question 2 of 20
2. Question
Under which Act was the Reserve Bank of India established?
Correct
The RBI was established under the Reserve Bank of India Act, 1934.
Incorrect
The RBI was established under the Reserve Bank of India Act, 1934.
Unattempted
The RBI was established under the Reserve Bank of India Act, 1934.
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Question 3 of 20
3. Question
What was the ownership status of RBI when it was initially established?
Correct
The RBI was initially a privately owned institution.
Incorrect
The RBI was initially a privately owned institution.
Unattempted
The RBI was initially a privately owned institution.
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Question 4 of 20
4. Question
In which year was the Reserve Bank of India nationalized?
Correct
The RBI was nationalized in 1949 and became fully owned by the Government of India.
Incorrect
The RBI was nationalized in 1949 and became fully owned by the Government of India.
Unattempted
The RBI was nationalized in 1949 and became fully owned by the Government of India.
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Question 5 of 20
5. Question
Which commission recommended the creation of a central bank for India?
Correct
The 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission, recommended the creation of the RBI.
Incorrect
The 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission, recommended the creation of the RBI.
Unattempted
The 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission, recommended the creation of the RBI.
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Question 6 of 20
6. Question
Where did the RBI initially start functioning?
Correct
The RBI started functioning from Calcutta, now known as Kolkata.
Incorrect
The RBI started functioning from Calcutta, now known as Kolkata.
Unattempted
The RBI started functioning from Calcutta, now known as Kolkata.
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Question 7 of 20
7. Question
In which year did the RBI move its headquarters to Bombay, now Mumbai?
Correct
The RBI moved its headquarters from Calcutta to Bombay in 1937.
Incorrect
The RBI moved its headquarters from Calcutta to Bombay in 1937.
Unattempted
The RBI moved its headquarters from Calcutta to Bombay in 1937.
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Question 8 of 20
8. Question
Until which year did the RBI serve as the central bank for Burma (Myanmar)?
Correct
According to the provided content, RBI served as the central bank for Burma until 1947.
Incorrect
According to the provided content, RBI served as the central bank for Burma until 1947.
Unattempted
According to the provided content, RBI served as the central bank for Burma until 1947.
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Question 9 of 20
9. Question
Until which year did the RBI serve as the central bank for Pakistan?
Correct
According to the provided content, RBI served as the central bank for Pakistan until 1948.
Incorrect
According to the provided content, RBI served as the central bank for Pakistan until 1948.
Unattempted
According to the provided content, RBI served as the central bank for Pakistan until 1948.
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Question 10 of 20
10. Question
Which Act brought commercial banks under RBI control according to the provided content?
Correct
The Banking Companies Act of 1949, later renamed the Banking Regulation Act, brought commercial banks under RBI control.
Incorrect
The Banking Companies Act of 1949, later renamed the Banking Regulation Act, brought commercial banks under RBI control.
Unattempted
The Banking Companies Act of 1949, later renamed the Banking Regulation Act, brought commercial banks under RBI control.
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Question 11 of 20
11. Question
On which date did the RBI introduce deposit insurance according to the provided content?
Correct
The provided content states that deposit insurance was introduced on December 7, 1961.
Incorrect
The provided content states that deposit insurance was introduced on December 7, 1961.
Unattempted
The provided content states that deposit insurance was introduced on December 7, 1961.
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Question 12 of 20
12. Question
How many major commercial banks were nationalized in 1969?
Correct
In 1969, 14 major commercial banks were nationalized.
Incorrect
In 1969, 14 major commercial banks were nationalized.
Unattempted
In 1969, 14 major commercial banks were nationalized.
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Question 13 of 20
13. Question
How many additional banks were nationalized in 1980?
Correct
The provided content states that another 6 banks were nationalized in 1980.
Incorrect
The provided content states that another 6 banks were nationalized in 1980.
Unattempted
The provided content states that another 6 banks were nationalized in 1980.
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Question 14 of 20
14. Question
Which organization was established to regulate the stock market according to the provided content?
Correct
SEBI was established to regulate the stock market.
Incorrect
SEBI was established to regulate the stock market.
Unattempted
SEBI was established to regulate the stock market.
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Question 15 of 20
15. Question
In which year was the Discount and Finance House of India set up?
Correct
The Discount and Finance House of India was set up in 1988.
Incorrect
The Discount and Finance House of India was set up in 1988.
Unattempted
The Discount and Finance House of India was set up in 1988.
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Question 16 of 20
16. Question
In which year was the National Housing Bank established?
Correct
The National Housing Bank was established in 1988 to promote housing finance.
Incorrect
The National Housing Bank was established in 1988 to promote housing finance.
Unattempted
The National Housing Bank was established in 1988 to promote housing finance.
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Question 17 of 20
17. Question
Who was the Finance Minister during the 1991 economic reforms mentioned in the passage?
Correct
Manmohan Singh was the Finance Minister during the 1991 economic reforms mentioned in the passage.
Incorrect
Manmohan Singh was the Finance Minister during the 1991 economic reforms mentioned in the passage.
Unattempted
Manmohan Singh was the Finance Minister during the 1991 economic reforms mentioned in the passage.
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Question 18 of 20
18. Question
In which year did RBI allow private banks to operate in India according to the provided content?
Correct
The passage states that RBI allowed private banks to operate in India in 1993.
Incorrect
The passage states that RBI allowed private banks to operate in India in 1993.
Unattempted
The passage states that RBI allowed private banks to operate in India in 1993.
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Question 19 of 20
19. Question
In which year was the National Stock Exchange (NSE) launched?
Correct
The National Stock Exchange was launched in 1994 to modernize stock trading.
Incorrect
The National Stock Exchange was launched in 1994 to modernize stock trading.
Unattempted
The National Stock Exchange was launched in 1994 to modernize stock trading.
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Question 20 of 20
20. Question
In which year did RBI establish Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)?
Correct
According to the provided content, RBI established BRBNMPL in 1995 to print Indian banknotes.
Incorrect
According to the provided content, RBI established BRBNMPL in 1995 to print Indian banknotes.
Unattempted
According to the provided content, RBI established BRBNMPL in 1995 to print Indian banknotes.