Structure of RBI

26. Who is the ex-officio Chairman of the Central Board of Directors of the RBI?

a) The President of India

b) The Prime Minister of India

c) The Governor of RBI

d) The Chief Justice of India

27. The RBI is responsible for managing the country’s foreign exchange reserves. True or False?

28. What is the current reserve requirement ratio in India?

a) 4%

b) 8%

c) 12%

d) 18%

29. The RBI issues guidelines and regulations for banks to prevent money laundering and financing of terrorism. True or False?

30. Who has the power to remove the Governor or Deputy Governor of the RBI?

a) The President of India

b) The Prime Minister of India

c) The Finance Minister of India

d) The Board of Directors of the RBI