Which authority issues the one-rupee note in India?
Correct answer C. The Government of India
Subject / 150 questions
Indian Economy and Banking MCQs
Page 2 of Indian Economy and Banking multiple-choice questions with answers. Tap an option to check yourself.
Page 2 of 8
Where are India’s four government mints located?
Correct answer A. Mumbai, Kolkata, Hyderabad and Noida
Bharatiya Reserve Bank Note Mudran Private Limited, a wholly owned RBI subsidiary, runs note presses at which locations?
Correct answer D. Mysuru and Salboni
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Who designed the Indian rupee symbol adopted in 2010?
Correct answer A. D. Udaya Kumar
RBI began pilots of the retail digital rupee (e-Rupee) in which month?
Correct answer D. December 2022
The Market Stabilisation Scheme, used to absorb liquidity from large capital inflows, was introduced in which year?
Correct answer D. 2004
What are Ways and Means Advances provided by the RBI?
Correct answer D. Temporary loans to governments to bridge receipt and payment mismatches
Domestic scheduled commercial banks must direct what share of adjusted net bank credit to the priority sector?
Correct answer C. 40 per cent
Within priority sector lending, what is the sub-target for agriculture for domestic scheduled commercial banks?
Correct answer B. 18 per cent of ANBC
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Priority Sector Lending Certificates, which banks can trade to meet their targets, were introduced in which year?
Correct answer D. 2016
In 2020-21, RBI changed its accounting year to which period?
Correct answer C. April to March
The Board for Financial Supervision, which oversees banks and financial institutions on behalf of RBI, was set up in which year?
Correct answer D. 1994
Which Act, which replaced FERA, empowers RBI to manage foreign exchange in India?
Correct answer C. Foreign Exchange Management Act, 1999
Which statute governs Credit Information Companies such as CIBIL in India?
Correct answer C. Credit Information Companies (Regulation) Act, 2005
Debt Recovery Tribunals were set up under an Act passed in which year?
Correct answer A. 1993
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The RBI Integrated Ombudsman Scheme was launched in which year?
Correct answer D. 2021
Which Narasimham Committee report of 1991 led to the first wave of banking sector reforms in India?
Correct answer A. Committee on the Financial System
In the 2020 bank consolidation, Oriental Bank of Commerce and United Bank of India were merged into which bank?
Correct answer A. Punjab National Bank
In 2020, Syndicate Bank was amalgamated into which public sector bank?
Correct answer B. Canara Bank
Vijaya Bank and Dena Bank were merged into which bank in 2019?
Correct answer B. Bank of Baroda