Here are some MCQs on History of Reserve Bank of India
1. When was the Reserve Bank of India (RBI) established?
a) 1935
b) 1947
c) 1956
d) 1969
Answer: a) 1935
2. Who was the first Governor of RBI?
a) C. D. Deshmukh
b) Benegal Rama Rau
c) James Braid Taylor
d) Osborne Smith
Answer: d) Osborne Smith
3. What is the main objective of RBI?
a) Price stability
c) Employment generation
d) Poverty eradication
Answer: a) Price stability
4. Which committee recommended the establishment of RBI?
a) Hilton-Young Commission
b) Gadgil Committee
c) Fazal Ali Committee
Answer: a) Hilton-Young Commission
5. RBI was nationalized in which year?
a) 1948
b) 1956
c) 1969
d) 1980
Answer: c) 1969