Q200. Which month and year marked the beginning of RBI operations?
[RRB NTPC CBT I, 4 Jan, Shift 2 2021]
A. April 1948
B. April 1935
C. April 1945
D. April 1936
Answer: (B) April 1935
Explanation: The Reserve Bank of India began operations on 1 April 1935 after its establishment under the 1934 Act. Government ownership followed only in 1949, so the operational date must not be confused with nationalisation.
Q199. An RBI-appointed official who handled complaints about deficiencies in banking services was traditionally called what?
[RRB NTPC CBT I, 8 Apr, Shift 1 2021]
A. Banking Ombudsman
B. Central Vigilance Officer
C. Banking Commissioner
D. Banking Lokayukta
Answer: (A) Banking Ombudsman
Explanation: The Banking Ombudsman mechanism offered customers a channel for complaints about specified deficiencies in bank services. Its historical arrangement was subsequently integrated into the RBI Integrated Ombudsman Scheme launched in 2021.
Q198. The RBI was established in 1935 with approximately what initial share capital?
[RRB NTPC CBT I, 13 Jan, Shift 1 2021]
A. ₹5 crore
B. ₹5 lakh
C. ₹50 crore
D. ₹50 lakh
Answer: (A) ₹5 crore
Explanation: The Reserve Bank began with share capital of five crore rupees and initially had private shareholders. Nationalisation in 1949 changed ownership, while the statutory foundations continued under the 1934 Act.
Q197. Which two features appear in the emblem of the Reserve Bank of India?
[RRB NTPC CBT I, 15 Feb, Shift 1 2021]
A. A pyramid and eagle
B. An Ashoka pillar and wheel
C. A tiger and palm tree
D. Two lions and a lotus
Answer: (C) A tiger and palm tree
Explanation: The RBI emblem depicts a tiger alongside a palm tree. Its distinctive imagery comes from the institution’s historical insignia and is used on central-bank publications and official documents.
Q196. Which is not a usual function of the Reserve Bank of India?
[RRB NTPC CBT I, 27 Feb, Shift 2 2021]
A. Serving as banker to government
B. Maintaining routine accounts for every member of the general public
C. Issuing banknotes
D. Providing last-resort liquidity to eligible banks
Answer: (B) Maintaining routine accounts for every member of the general public
Explanation: RBI is the central bank, not a retail bank serving the general public with ordinary current accounts. Its responsibilities include government banking, currency issuance, monetary management and lender-of-last-resort functions.
Q195. Which institution is the principal statutory regulator of securities-market participants?
[RRB NTPC CBT I, 10 Jan, Shift 2 2021]
A. SEBI
B. RBI
C. IRDAI
D. NABARD
Answer: (A) SEBI
Explanation: The Securities and Exchange Board of India regulates securities markets and market intermediaries while seeking investor protection and orderly development. RBI regulates monetary and banking activities, whereas IRDAI and NABARD have different mandates.
Q194. What was the terminal year of the RBI document Payment and Settlement Systems Vision 2019–2021?
[RRB NTPC CBT I, 8 Jan, Shift 1 2021]
A. 2022
B. 2020
C. 2021
D. 2019
Answer: (C) 2021
Explanation: RBI’s Payment and Settlement Systems Vision 2019–2021 described priorities for secure, accessible and affordable electronic payments. It was a dated policy vision and should not be mistaken for the later payments vision extending through 2025.
Q193. Who was appointed NSE Chairperson in December 2019?
[SSC CHSL, 9 Aug, Shift 3 2021]
A. Ashok Chawla
B. Ashishkumar Chauhan
C. Girish Chandra Chaturvedi
D. Vikramajit Sen
Answer: (C) Girish Chandra Chaturvedi
Explanation: Girish Chandra Chaturvedi was appointed chairperson of the National Stock Exchange in December 2019. This is a historical office-holder question; market leadership can change and should not be interpreted as a current appointment.
Q192. With mild inflation, which statements can hold: it may encourage growth and may benefit debtors?
[MPSC Rajyaseva GS I 2021]
A. Both may hold
B. Neither can hold
C. Only inflation always raises purchasing power
D. Only inflation invariably eliminates inequality
Answer: (A) Both may hold
Explanation: Moderate price rises can coincide with expanding activity, while borrowers repaying fixed nominal debts may benefit as the real value of those debts falls. Inflation ordinarily erodes, rather than raises, money’s purchasing power.
Q191. Which historical slogan pairing was recognised in the MPSC paper on banks?
[MPSC Rajyaseva GS I 2021]
A. PNB—The Name You Can Bank Upon
B. Union Bank—The World’s Local Bank
C. HSBC—Good People to Bank With
D. Bank of Maharashtra—Do More With Less
Answer: (A) PNB—The Name You Can Bank Upon
Explanation: Punjab National Bank used the slogan The Name You Can Bank Upon. The full MPSC matching exercise also included the historical slogans of Union Bank of India, HSBC and Bank of Maharashtra.
