21. The RBI acts as a regulator and supervisor of:
a) Stock exchanges
b) Insurance companies
c) Mutual funds
d) All of the above
Answer: d) All of the above
22. The RBI is governed by a central board of directors appointed by the:
a) President of India
b) Prime Minister of India
c) Ministry of Finance
d) Reserve Bank’s Board of Directors
Answer: a) President of India
23. The RBI has the power to issue licenses to commercial banks for banking operations. True or False?
Answer: True
24. Which among the following is not a subsidiary of the RBI?
a) National Housing Bank
b) Deposit Insurance and Credit Guarantee Corporation
c) Bharatiya Reserve Bank Note Mudran Private Limited
d) Life Insurance Corporation of India
Answer: d) Life Insurance Corporation of India
25. The RBI has the authority to establish and operate payment systems in India. True or False?
Answer: True
