The composition of the MPC includes:

How many members constitute the MPC?

The Monetary Policy Committee (MPC) was established under which section of the RBI Act?

Interest on WMA is charged at:

If a WMA is not repaid within 90 days, it is treated as:

The repayment period for short-term WMA is:

The main purpose of WMA is to

The legal basis for RBI providing WMA to Central and State Governments is:

Ways and Means Advances (WMA) were introduced in:

RBI collects which of the following on behalf of the government?

Under which sections of the RBI Act, 1934 are RBI’s roles as banker, financial agent, and financial advisor defined?

Under which sections of the RBI Act, 1934 are RBI’s roles as banker, financial agent, and financial advisor defined?

A major drawback of the Maximum Fiduciary System is:

The Maximum Fiduciary System was introduced in:

Which system fixes the maximum number of notes that can be issued by the government?

In the Fixed Fiduciary System, RBI can issue currency without gold backing up to:

The Fixed Fiduciary (Partial Fiduciary) System was first introduced in:

Under the Proportional Reserve System in India, what percentage of notes was backed by gold and foreign assets?

The Proportional Reserve System requires that:

Under India’s practice, RBI initially followed which system till 1956?

Which principle provides elasticity in money supply?

The Banking Principle allows note issue against:

A major drawback of the Currency Principle is that it:

The Currency Principle states that:

Eligible bills of exchange and promissory notes held as reserves must be payable in

Maintains reserves for currency issue in all of the following EXCEPT

Which of the following is NOT a permissible reserve asset under Section 33 of the RBI Act?

The reserve requirements for note issue are laid down under which section of the RBI Act?

Which department of RBI is responsible for printing and issuing currency notes?

The legal basis of RBI’s authority to issue currency notes is provided under:

Which function ensures stability of Indian currency?

Controlling inflation in the economy is mainly achieved through:

Payment of interest on public debt is handled by RBI as:

RBI maintains foreign currency reserves under which function?

Repo rate and bank rate are tools used by RBI under:

Commercial banks keep a part of their reserves with RBI due to its role as:

Which function of RBI makes it the “bank of banks”?

RBI acts as a banker to the government by:

Which monetary function of RBI relates to printing and issuing currency notes?

The main objective of the monetary functions of RBI is to:

Encouraging banking habits among people falls under:

Which function of RBI aims at economic growth and development?

Licensing of banks is an example of:

Which function of RBI involves controlling and regulating banks?

Issuing of currency notes is classified under which function of RBI?

Which function of RBI deals with regulation of money supply and credit?

The functions of RBI are broadly classified into how many categories?

Which of the following is NOT a category of RBI functions?

Why does the RBI Governor have ultimate authority in policy and administration?

Who presides over the meetings of the RBI Central Board of Directors?