RBI Functions – Currency Administration

Here are some MCQs on RBI Functions – Currency Administration

1. When was the Reserve Bank of India (RBI) established?

a) 1932

b) 1940

c) 1935

d) 1951

2. Who is the current Governor of RBI?

a) Raghuram Rajan

b) Urjit Patel

c) Shaktikanta Das

d) Viral Acharya

3. Which of the following is not a function of RBI in currency administration?

a) Issuing currency notes

b) Managing foreign exchange

c) Conducting monetary policy

d) Lending money to commercial banks

4. What is the sole authority of RBI in relation to currency?

a) Issuing currency notes

b) Fixing exchange rates

c) Banning the use of old currency notes

d) Controlling inflation

5. Which of the following is not a currency issued by RBI?

a) Indian Rupee

b) Japanese Yen

c) United States Dollar

d) Euro