History of Reserve Bank of India

11. In which city is the headquarters of RBI located?

a) Mumbai

b) Delhi

c) Kolkata

d) Chennai

12. Which committee recommended the formation of the Monetary Policy Committee (MPC)?

a) Raghuram Rajan Committee

b) Urjit Patel Committee

c) Bimal Jalan Committee

d) Y. V. Reddy Committee

13. What is the current reserve ratio in India?

a) CRR – 4% and SLR – 19.5%

b) CRR – 3% and SLR – 18.5%

c) CRR – 3.5% and SLR – 20%

d) CRR – 4.5% and SLR – 20.5%

14. Which currency is used for international transactions by RBI?

a) Rupee

b) Dollar

c) Euro

d) Pound

15. When did India adopt a fixed exchange rate system?

a) 1947

b) 1966

c) 1991

d) 1993