Most Frequently asked questions related to RBI, important for all the competitive exams and in banking Interviews

1.When did Reserve Bank of India (RBI) formed?

   Ans: 1st April 1935

2. Under Which act RBI was formed?

   Ans: RBI Act 1934

3. When did Reserve Bank of India (RBI) Nationalised ?
   Ans: 1st Jan 1949.

4. Under which act RBI was Nationalised?

   Ans: RBI Nationalisation Act 1949.

5. Who was the First Reserve Bank of India (RBI) Governor ?
   Ans: Sir Osborne Smith

6. Who was the first Indian RBI Governor ?
   Ans: C.D.Deshmukh

7. Where was the first Headquarters of Reserve Bank of India (RBI) ?
   Ans: Kolkata

8. When did the Headquarters of Reserve Bank of India (RBI) moved to Mumbai ?
   Ans: 1937

9. Which Commission recommended the formation of Reserve Bank of India (RBI) ?
   Ans: Hilton Young Commission (Royal commission)

10. Which bank is known as Banker's Bank ?
   Ans: Reserve Bank of India (RBI)

11.Who introduced the Banking Ombudsman Scheme ?
   Ans: Reserve Bank of India

12. How much Minimum Reserve RBI has to keep?

   Ans: Rs 200 crore out of which 115 crore worth of Gold,  85 crore worth of  Foreign Securities.

13. Governor of India?

   Ans: Dr. Raghuram Rajan (From: 5Sep2013 )

14. How many Deputy Governor  RBI has at at a time?

    Ans:  Four.