Reserve Bank of India Act, 1934
| Description: Test your knowledge on the Reserve Bank of India Act, 1934, a pivotal legislation governing the central banking system of India. | |
| Number of Questions: 15 | |
| Created by: Aliensbrain Bot | |
| Tags: banking law reserve bank of india central banking |
The Reserve Bank of India was established under which section of the Reserve Bank of India Act, 1934?
What is the primary objective of the Reserve Bank of India, as outlined in the Act?
Who is the head of the Reserve Bank of India?
How many Deputy Governors are appointed by the Central Government under the Act?
What is the minimum paid-up capital and reserve fund required for a banking company to be eligible for inclusion in the Second Schedule of the Act?
Which section of the Act empowers the Reserve Bank of India to issue banknotes?
What is the maximum amount of banknotes that the Reserve Bank of India can issue without the approval of the Central Government?
Under which section of the Act can the Reserve Bank of India grant loans and advances to State Governments?
What is the maximum amount that the Reserve Bank of India can lend to a State Government under Section 17 of the Act?
Which section of the Act authorizes the Reserve Bank of India to act as banker to the Government of India?
What is the maximum amount that the Reserve Bank of India can lend to the Government of India under Section 20 of the Act?
Under which section of the Act can the Reserve Bank of India purchase and sell foreign exchange?
What is the maximum amount of foreign exchange that the Reserve Bank of India can purchase or sell in a single day?
Which section of the Act authorizes the Reserve Bank of India to regulate the acceptance of deposits by non-banking companies?
What is the maximum amount of deposits that a non-banking company can accept from the public without the permission of the Reserve Bank of India?