RBI Functions – Currency Administration

36. Which currency does RBI use for transactions with other central banks under the currency swap arrangement?

a) US Dollar

b) Euro

c) Indian Rupee

d) Japanese Yen

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37. Which committee recommended the introduction of Islamic banking in India?

a) Raghuram Rajan Committee

b) Urjit Patel Committee

c) R.K. Talwar Committee

d) Nachiket Mor Committee

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38. What is the function of RBI’s Department of Currency Management?

a) Issuing guidelines for currency administration

b) Printing currency notes

c) Conducting economic research

d) All of the above

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39. Which of the following is not a function of RBI in relation to currency circulation?

a) Forecasting currency demand

b) Supplying currency to banks

c) Destroying old and damaged currency

d) Fixing interest rates on loans

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40. Which committee recommended the introduction of the Mahatma Gandhi series of coins?

a) R.K. Talwar Committee

b) Bimal Jalan Committee

c) Urjit Patel Committee

d) Raghuram Rajan Committee

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