History of Reserve Bank of India

16. Whose image is depicted on the new Rs. 500 currency note?

a) Mahatma Gandhi

b) Jawaharlal Nehru

c) B. R. Ambedkar

d) Rani Lakshmibai

17. What is the current inflation target set for RBI by the government of India?

a) 5%

b) 6%

c) 4%

d) 7%

18. Which subsidiary of RBI is responsible for managing the country’s foreign exchange reserves?

a) State Bank of India

b) National Securities Depository Limited

c) Industrial Development Bank of India

d) Reserve Bank of India Services Board

19. Which bank became the first Indian bank to be wholly owned by RBI?

a) Central Bank of India

b) Bank of Baroda

c) Imperial Bank of India

d) State Bank of India

20. Which inter-bank electronic fund transfer system is managed by RBI?

a) NEFT

b) RTGS

c) IMPS

d) UPI