Showing posts with label RBI Assistant 2017. Show all posts
Showing posts with label RBI Assistant 2017. Show all posts

Monday, 27 November 2017



RBI‘s recruitment of Assistant is the much-anticipated opportunity for every banking aspirant and with the Preliminary exam, you are now a step closer to achieve your goal. Today's (27th November'17) RBI Assistant Pre exam 3rd shift is over now, and it is the time for its Exam Analysis. All those aspirants who are yet to appear for RBI Assistant Prelims Exam can benefit from this exam analysis as here we provide you with an insight on the types and levels of questions being asked in this year's RBI Assistant Pre exam. The level of this shift's examination was Very Easy. You can expect this year's cut off to be high in comparison to last year's RBI Assistant Pre-cut off. In the 03rd shift, some changes were introduced in Reasoning Ability and English Language Section.
RBI Assitant Prelims Analysis: Overall  

The preliminary exam for RBI Assistant was conducted online and had 100 questions for 60 minutes. Candidates have to manage those 60 minutes themselves while dealing with three sections- Reasoning Ability (35 Ques), Numerical Ability (35 Ques), and English Language (30 Ques). 

SubjectGood AttemptTime (in min.)
English Language18-2015
Reasoning Ability28- 3020
Numerical Ability23-2525
Total83-8660


English Language (Easy-Moderate )

The level of English Language was Easy-Moderate. The topic of reading comprehension was based on a story. There were 4 questions of Antonyms and synonym with the passage.
TopicNo. of QuestionLevel
Reading Comprehension12Moderate
Single Filler5Easy
Error Detection10Easy-Moderate
Sentence Improvement3Moderate
Total30Esay-Moderate


Numerical Ability (Easy-Moderate)

The level of Numerical Ability section was Easy-Moderate. The number of questions from arithmetic (word problems) was significantly high as 15 out of 35 questions were from the arithmetic portion There was only 1 set of DI:
  • Tabular 

TopicsNo. of QuestionLevel
Tabular DI5Easy-Moderate
Simplification10Easy
Number Series (Missing)5Easy
Average1Moderate
Profit & Loss2Easy
Compound Interest1Moderate
Discount2Easy
Problem on Ages1Moderate
Ratio and Proportion1Moderate
Time and Work1Moderate
Boat and Stream1Moderate
Miscellaneous5Moderate
Total35Easy-Moderate

Reasoning Ability (Very Easy)

There were 3 puzzles and Seating Arrangement which are given below:-
  • Linear (7 person, Facing North) - 1 Variable
  • Month Based - 1 Variable
  • Circular (8 person facing inward)- 1 variable
      TopicsNo. of QuestionsLevel
      Direction Sense 3Easy
      Puzzles and Seating Arrangement15Easy-Moderate
      Inequality3Easy
      Number Series5Easy
      Syllogism3Easy
      Alphabet Series5Very Easy
      Miscellaneous1Very Easy
      Total35Very Easy

      All the best for next shift !!

      Thursday, 16 November 2017


      Reserve Bank of India has released the online Prelims exam call letter (Admit Card) for the post of RBI Assistant 2017-18. All the students who have applied for RBI Assistant can download the call letters by clicking on the link provided below. 

      Commencement Of Call Letter Download:16th November 2017
      Closure Of Call Letter Download: 28th November 2017


      Wednesday, 18 October 2017

      Dear Aspirants,

      RBI-Assistant-2017-Notification-Out | Online-Registration-Started-from-18th-Oct

      Reserve Bank of India (RBI) has released the notification for the 623 posts of Assistant in Various offices in the Bank. Here is one more opportunity to work with India's Central Bank. RBI Assistant 2017 is going to be an opportunity for those who have not able to clear IBPS RRB Prelims for the post of Officer Scale-I (PO), Office Assistant (Clerk) and other Bank Recruitment Exams. Just make sure that you get yourself ready for the battle this year. Make this fight worth remembering. 

      Selection for the post will be through a country-wide competitive examination in two phases i.e. Preliminary and Main examination followed by a Language Proficiency Test (LPT). 

      Important Dates: 
      • Website Link Open: 18th October to 10th November 2017
      • Payment of Examination Fees (Online): 18th October to 10th November 2017
      • Schedule of Online Preliminary Test (Tentative): 27th and 28th November 2017
      • Schedule of Online Main Test (Tentative): 20th December 2017


      Sunday, 30 April 2017


      RBI Officers (Grade-B) Recruitment
      The Reserve Bank of India invites applications from eligible candidates for a specific number of posts of “Officers in Grade-B” in various offices of the Bank. Selection for the post is done through a country-wide competitive Examination in two phases i.e. Preliminary and Main examination followed by an Interview.

      RBI Officers (Grade-B) Notification 2017
      RBI Officers (Grade-B) Notification released for 161 vacancies.





      Online Application From 3-05-2017 to 23-05-2017
      Phase - I Examination17 June
      Phase - II Examination7 July

      RBI Officers (Grade-B) Vacancy 2017
      RBI has released notification regarding the post of Officers (Grade-B). There are total 161 vacancies for RBI Officers (Grade-B) post. RBI vacancies also have reservations under various categories will be as per prevailing Government Guidelines at the time of finalisation of the result.

      RBI Officers (Grade-B) Exam Dates
      RBI Officers (Grade-B) examination will take place in two phases Prelims and Mains.
      Phase-I (Prelims)- 17th June 2017
      Phase-II (Mains)- 7th July 2017

      RBI Officers (Grade-B) Exam Centre
      Examination centres for RBI Officers (Grade-B) examinations are there in almost 35 States and Union Territories.

      RBI Officers (Grade-B) Eligibility Criteria
      Eligibility criteria include Age limit and Educational qualification. For RBI Officers (Grade-B) 2016 examination the lower and upper age limits were 21 years and 30 years respectively. Educational Qualification: A minimum of aggregate 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th standard examinations.

      RBI Officers (Grade-B) Salary
      Pay Scale As per the previous notification for recruitment of RBI Officers (Grade-B): Pay Scale: Selected Candidates will draw a starting basic pay of Rs. 35,150/- p.m. in the scale of Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance, and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs. 65,789/-.

      RBI Officers (Grade-B) Exam Pattern
      In 2016 RBI Officers (Grade-B) exam was held in two phases (Prelims and Mains examination).

      Preliminary Examination (200 Marks): The Paper consisted tests of (i) General Awareness (ii) English Language (iii) Quantitative Aptitude and (iv) Reasoning, with a composite time of 120 minutes.



      Mains Examination:




      Interview (50 marks): Candidates were shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). Candidates were given the option to opt for interview either in Hindi or English. Final Selection was through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

      Penalty for Wrong Answers (Applicable to both - Preliminary and Main examination)
      There as a penalty for wrong answers marked in the Online Objective Tests. For each question for which a wrong answer has been given by the candidate, one fourth of the marks assigned to that question was deducted as penalty to arrive at corrected score. No marks are deducted for un-attempted questions.

      RBI Officers (Grade-B) Application Fees
      This was the application fees for the previous RBI Officers (Grade-B)  examination:
      SC/ST/PWD Intimation Charges only Rs.100/-
      GEN/OBC App. Fee including intimation charges Rs.850/-


      RBI Officers (Grade-B) Cut Off

      Following are the final cut off marks for last year's recruitment: RBI Officers (Grade-B) Cut Off 


      RBI ASSISTANT Recruitment
      The Reserve Bank of India invites applications from eligible candidates for a specific number of posts of “Assistant” in various offices of the Bank. Selection for the post is done through a country-wide competitive Examination in two phases i.e. Preliminary and Main examination.

      RBI Assistant Notification 2017
      RBI Assistant Notification was last released in November 2016. We will provide you with the notification for this year when it will be out. You can read more about the selection procedure and cut off of RBI Assistant exam.

      RBI Assistant Vacancy 2017
      RBI Assistant Vacancies will be out once the notification for this year is released. Last year RBI Assistant had 610 vacancies. RBI Assistant vacancies also have reservations under various categories will be as per prevailing Government Guidelines at the time of finalisation of the result.

      RBI Assistant 2017 Exam Dates
      RBI Assistant 2017 examination dates will be out with notification. RBI Assistant 2016 exam was held in two phases Prelims and Mains.

      RBI Assistant Exam Centre
      Examination centres for RBI Assistant examinations are there in almost 35 States and Union Territories.

      RBI Assistant Eligibility Criteria
      Eligibility criteria include Age limit and Educational qualification. For RBI Assistant 2016 examination the lower and upper age limits were 20 years and 28 years respectively. Educational Qualification: At least a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PWD candidates) in the aggregate and the knowledge of word processing on PC.

      RBI Assistant Salary
      Pay Scale As per the previous notification for recruitment of RBI Assistants: Selected Candidates will draw a starting basic pay of ₹ 14650/- per month (i.e. ₹ 13150 plus two advance increments admissible to graduates only) in the scale of 13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800-1480(3) – 33240 – 1750 (1)- 34990 (20 years) and other allowances, viz. Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc. as admissible from time to time. At present, initial monthly Gross emoluments for Assistants is approximately ₹ 32124/-

      RBI Assistant Exam Pattern
      In 2016 RBI Assistant exam was held in two phases (Prelims and Mains examination) .

      Preliminary Examination:




      Mains Examination:


      The final selection was made on the basis of candidate's performance in the online main examination.

      Penalty for Wrong Answers (Applicable to both - Preliminary and Main examination)
      There as a penalty for wrong answers marked in the Online Objective Tests. For each question for which a wrong answer has been given by the candidate, one fourth of the marks assigned to that question was deducted as penalty to arrive at corrected score. No marks are deducted for un-attempted questions.


      RBI Assistant Syllabus 2017
      RBI Assistant Examination has two phases of Online Test for which candidates have to thoroughly study the following subjects:
      English Language 
      • Reading Comprehension 
      • Cloze Test
      • Fillers
      • Sentence Errors
      • Vocabulary based questions
      • Sentence Improvement
      • Jumbled Paragraph
      • Paragraph Based Questions ( Paragraph Fillers, Paragraph Conclusion, Paragraph /Sentences Restatement)



      Reasoning Ability
      • Puzzles
      • Seating Arrangements
      • Direction Sense
      • Blood Relation
      • Syllogism
      • Order and Ranking
      • Coding-Decoding
      • Machine Input-Output
      • Inequalities
      • Alpha-Numeric-Symbol Series
      • Data Sufficiency
      • Logical Reasoning (Passage Inference, Statement and Assumption, Conclusion, Argument)


      Quantitative Aptitude
      • Data Interpretation (Bar Graph, Line Chart, Tabular, Caselet, Radar/Web, Pie Chart)
      • Inequalities (Quadratic Equations)
      • Number Series
      • Approximation and Simplification
      • Data Sufficiency
      • Miscellaneous Arithmetic Problems (HCF and LCM, Profit and Loss, SI & CI, Problem on Ages, Work and Time, Speed Distance and Time, Probability, Mensuration, Permutation and Combination, Average, Ratio and Proportion, Partnership, Problems on Boats and Stream, Problems on Trains, Mixture and Allegation, Pipes and Cisterns)





      General Awareness
      • Banking Awareness
      • Financial Awareness
      • Govt. Schemes and Policies
      • Current Affairs
      • Static Awareness



      Computer Knowledge
      • History and Generation of Computers
      • Introduction to Computer Organisation
      • Computer Memory
      • Computer Hardware and I/O Devices
      • Computer Software
      • Computer Languages
      • Operating System
      • Computer Network 
      • Internet
      • MS Office Suite and Shortcut keys
      • Basics of DBMS
      • Number System and Conversions
      • Computer and Network Security


      RBI Assistant Application Fees
      This was the application fees for the previous RBI Assistant examination:
      Rs.50/- for SC/ST/PWD/EXS. (Intimation Charges)
      Rs.450/- for OBC/General candidates (Examination fee+ Intimation Charges)

      RBI Assistant Cut Off

      Preliminary Examination:



      Mains Examination:


      Friday, 24 March 2017



      Q1. MICR code is used for- 
      (a) Electronic Clearance of Cheques
      (b) Electronic Funds Transfer 
      (c) Code Banking Solution 
      (d) Cheque Truncation Services 
      (e) None of the above 

      Q2. Islamic Development Bank (IDB) in May 2016 announced to open its first branch in India at- 
      (a) Ahmedabad, Gujarat
      (b) Lucknow, Uttar Pradesh 
      (c) Ajmer, Rajasthan 
      (d) Chennai, Tamil Nadu 
      (e) Kolkata, West Bengal 

      Q3. With reference to the insurance and banking sector, which of the following is the most appropriate explanation of "PIN"? 
      (a) Postal Index Number 
      (b) Personal Index Number 
      (c) Personal Identification Number
      (d) Personal Information Number 
      (e) Permanent Identification Number

      Q4. The rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds is called-
      (a) Call Rate 
      (b) CRR 
      (c) Bank Rate 
      (d) Repo Rate
      (e) SLR

      Q5. In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to furnish permanent account number (PAN) for all transactions above Rs.________ through all payment modes with effect from January 1, 2016. 
      (a) Rs. 1 lakh 
      (b) Rs. 2 lakh
      (c) Rs. 3 lakh 
      (d) Rs. 4 lakh 
      (e) Rs. 5 lakh 

      Q6. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point? 
      (a) Ten percent of one-hundredth point 
      (b) One hundredth of 1%
      (c) One hundredth of 10% 
      (d) Ten per cent of 1000
      (e) None of the above

      Q7. Which of the following is NOT a type of cheque issued by an individual? 
      (a) Bearer cheque 
      (b) Order cheque 
      (c) Crossed cheque 
      (d) Savings cheque
      (e) None of the above

      Q8. What is Financial Inclusion? 
      (a) To provide a permanent employment to the unemployment 
      (b) To provide a 100 days job to all those who are in need of a job 
      (c) Delivery of financial services at affordable costs to vast sections of disadvantaged and low-income groups
      (d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks. 
      (e) None of the above

      Q9. Which of the following places in India does not have a stock Exchange? 
      (a) Kolkata 
      (b) Ahmedabad 
      (c) Mumbai 
      (d) Udaipur
      (e) None of the above

      Q10. Which of the following is the name of private sector Bank in India? 
      (a) IDBI Bank 
      (b) Axis Bank
      (c) Corporation Bank 
      (d) UCO Bank
      (e) Dena Bank

      Q11. Which of the following types of companies/organisation issue "ULIP"?
      (a) Insurance Companies 
      (b) Banks 
      (c) NABARD 
      (d) RBI
      (e) None of the above

      Q12. In order to avoid crowding of customers wanting to withdraw cash in the branches, banks have provided many delivery channels. Which of the following is one of the most popular Channels of getting instant hard cash? 
      (a) Core Banking Solution 
      (b) Pay orders 
      (c) Demand Drafts 
      (d) Automated Teller Machines
      (e) None of the above

      Q13. Who amongst the following has suggested to the banks in India to give details of fund transfer to customers via SMS/ E-mails? 
      (a) Reserve Bank of India (RBI)
      (b) India Bank's Association 
      (c) Indian Institute of Banking & Finance 
      (d) Securities & Exchange Board of India
      (e) None of the above

      Q14. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purpose? 
      (a) Kisan Credit Card
      (b) Personal Loan 
      (c) Business Loan 
      (d) All of the above 
      (e) None of the above

      Q15. Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial asset freely at market determined exchange rates? 
      (a) Capital Accounts Convertibility
      (b) Financial Deficit Management 
      (c) Minimum Support Price 
      (d) Special Drawing Rights 
      (e) None of the above

      Sunday, 5 March 2017



      Q1. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of “LLP” as used in this reference?
      (a) Local Labour Promotion
      (b) Low Labour Projects
      (c) Limited Loan Partnership
      (d) Longer Liability Partnership
      (e) Limited Liability Partnership
      Q2. The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as?

      (a) Assignment of the policy
      (b) Hypothecation of the policy
      (c) Reinvestment of the policy
      (d) Negotiation of the policy
      (e) Nomination of the policy

      Q3. Which of the following is the popular name of the norms by which a bank satisfies itself about the customer’s identity and activities?
      (a) Basel norms
      (b) KYC norms
      (c) Service norms
      (d) Lending norms
      (e) None of the above

      Q4. Today, Banks in addition to normal banking services, offer which of the following services? 
      (a) Internet Banking
      (b) Depository Services
      (c) Financial Counseling Services
      (d) Only (a) and (b) above
      (e) All of the above 

      Q5. KYC guidelines followed by the banks have been framed on the recommendations of the?
      (a) Ministry of Home Affairs
      (b) Ministry of Rural Development
      (c) Indian Banks Association
      (d) Financial Intelligence Unit
      (e) Reserve Bank of India

      Q6. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be:
      (a) Branded with a stamp “COUNTERFEIT BANKNOTE”
      (b) Recorded in a separate register under authentication
      (c) Acknowledged in the prescribed format of RBI and issued to the tendered
      (d) All of the above
      (e) None of the above

      Q7. Asset Reconstruction Company is associated with..........?
      (a) DICGC
      (b) ECGC
      (c) NPA
      (d) SEBI
      (e) None of the above

      Q8. Association of National Exchange Members of India (ANMI) is a body consisting of?
      (a) Bankers and SEBI
      (b) SEBI and IBA
      (c) Brokers Operating in the National Exchange
      (d) Bankers, SEBI, IBA and RBI
      (e) None of the above

      Q9. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out:
      (a) at the first point of customer interaction
      (b) at the Account Services Level
      (c) at the Central Account Services Level
      (d) one month after the account is opened
      (e) None of the above

      Q10. Authorized Dealers for foreign exchange transactions are appointed by:
      (a) Reserve Bank of India
      (b) Government of India
      (c) Individual Banks
      (d) FEDAI
      (e) None of the above

      Q11. As per the reports, the collection of direct taxes has gone up by about 19% in last few months. Which of the following agencies releases the figures about tax collection?
      (a) Central Statistical organisation
      (b) Reserve Bank of India 
      (c) Department of Income Tax 
      (d) Central Board of Direct Taxes
      (e) None of the above

      Q12. MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India.  What is the full form of 'MUDRA'? 
      (a) Micro and Universal Development Refinance Agency 
      (b) Micro Units Development and Refinance Agency
      (c) Micro-finance Units Development and Regulation Agency 
      (d) Micro Units Development and Regulation Agency
      (e) None of the above

      Q13. What amount of corpus is allocated to set up MUDRA Bank? 
      (a) Rs. 20,000 crore
      (b) Rs. 25,000 crore
      (c) Rs. 3,000 crore
      (d) Rs. 3,500 crore
      (e) None of the above

      Q14. What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises by March 2017? 
      (a) 10 % 
      (b) 7.5 %
      (c) 8.5 % 
      (d) 9.5 % 
      (e) None of the above

      Q15. MUDRA Bank as a wholly owned subsidiary of which institutions? 
      (a) Non-Banking Financial Companies (NBFCs) 
      (b) Commercial Banks 
      (c) Micro Finance Institutions (MFIs) 
      (d) Small Industries Development Bank of India (SIDBI)
      (e) None of the above

      Solutions

      S1. Ans.(e)

      S2. Ans.(a)

      S3. Ans.(b)

      S4. Ans.(e)

      S5. Ans.(e)

      S6. Ans.(d)

      S7. Ans.(c)

      S8. Ans.(c)

      S9. Ans.(a)

      S10. Ans.(a)

      S11. Ans.(d)

      S12. Ans.(b)

      S13. Ans.(a)

      S14. Ans.(b)

      S15. Ans.(d)


      Monday, 13 February 2017



      Q1. Who was the first Chairman and Managing Director (CMD) of Exim Bank?
      (a) Ravneet Kaur
      (b) TCA Ranganathan
      (c) RC Shah
      (d) Kalyan Banerji
      (e) Yaduvendra Mathur

      Q2. ECGC Ltd. wholly owned by Government of India was set up in ______________ with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports.
      (a) 1935
      (b) 1982
      (c) 1964
      (d) 1949
      (e) 1957

      Q3. ECGC is essentially an export promotion organisation, seeking to improve the competitiveness of the Indian exporters by providing them with credit insurance covers. What is the meaning of "G" in ECGC?
      (a) Guarantee
      (b) General 
      (c) Government
      (d) Grameen
      (e) None of the given options is true

      Q4. AIIB is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. AIIB stands for-
      (a) Asian Infrastructure Investment Bureau
      (b) Asian Infrastructure Investment Bank
      (c) Association Infrastructure Investment Bank 
      (d) Asian International Investment Bank 
      (e) None of the given options is true

      Q5. ICSID is one of the five organisations of the World Bank Group. What is the meaning of "D" in ICSID?
      (a) Districts
      (b) Division
      (c) Development
      (d) Disputes
      (e) Department

      Q6. The World Bank Group consists of how many organisations-
      (a) One
      (b) Two
      (c) Three
      (d) Four
      (e) Five

      Q7. The World Bank is like a cooperative, made up of --------------- member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. 
      (a) 189
      (b) 193
      (c) 159
      (d) 173
      (e) 187

      Q8. Name the agency, which is an agency to provide ‘soft-loans’ to developing countries?
      (a) Asian Infrastructure Investment Bank (AIIB)
      (b) Organisation of the Petroleum Exporting Countries (OPEC) 
      (c) Asian Development Bank (ADB)
      (d) World Trade Organization (WTO)
      (e) International Development Association (IDA)

      Q9. On July 15th, 2014 at the sixth summit in Fortaleza, Brazil the member countries signed the Articles for the New Development Bank (NDB). What is the authorised capital of NDB?
      (a) USD 200 billion
      (b) USD 300 billion
      (c) USD 500 billion
      (d) USD 100 billion
      (e) None of the given options is true

      Q10. The first Board of Governors meeting of the BRICS New Development Bank was held in ____________ on July 7th, 2015 where the Bank formally came into existence as a legal entity. 
      (a) Manaus, Brazil
      (b) Moscow, Russia
      (c) Pretoria, South Africa
      (d) New Delhi, India
      (e) Beijing, China


      ANSWERS :

      1. c
      2. e
      3. a
      4. b
      5. d
      6. e
      7. a
      8. e
      9. d
      10.b

      Important Note:

      To receive the fastest updates on Bank Exams like IBPS, SBI, RBI, IPPB, etc. as well as all other ongoing as well as forthcoming exams, kindly subscribe to our website. All you have to do is enter your email in the pop-up that appears on the website when you first enter it on the home page. Once you’re subscribed, you will receive all the latest updates concerning all competitive exams.

      Friday, 10 February 2017





      Q1. Who is the first Governor of RBI? 
      (a) C.D.Deshmukh
      (b) James Braid Taylor 
      (c) Osborne Smith
      (d) Raghuram Rajan
      (e) None of the given options is true

      Q2. Scheduled Banks of India are those banks, which are? 
      (a) Included in First Schedule of RBI Act, 1934 
      (b) Not included in First Schedule of RBI Act, 1934 
      (c) Included in Second Schedule of RBI Act, 1934
      (d) Not included in Second Schedule of RBI Act, 1934 
      (e) None of the given options is true

      Q3. Which is not an Associate Bank of SBI? 
      (a) State Bank of Bikaner & Jaipur 
      (b) State Bank of Travancore 
      (c) State Bank of Mysore 
      (d) State Bank of Rajasthan
      (e) None of the given options is true

      Q4. Which of the following bank is not a private sector bank in India? 
      (a) Federal Bank 
      (b) Yes Bank 
      (c) IndusInd Bank 
      (d) UCO Bank
      (e) None of the given options is true

      Q5. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)? 
      (a) ING Vysya Bank
      (b) Karur Vysya Bank 
      (c) Lakshmi Vilas Bank 
      (d) Jammu and Kashmir Bank
      (e) None of the given options is true

      Q6. RBI was established (April 1, 1935) under which of the following Acts? 
      (a) Reserve Bank of India Act, 1934
      (b) Reserve Bank of India Act, 1926 
      (c) Banking Regulation Act, 1949 
      (d) Negotiable Instrument Act, 1881 
      (e) None of the given options is true

      Q7. Who was the first Indian governor of RBI? 
      (a) Osborne Smith 
      (b) C D Desmukh
      (c) James Taylor 
      (d) Bimal Jalan
      (e) None of the given options is true

      Q8. In which year RBI was nationalized? 
      (a) 1955 
      (b) 1949
      (c) 1947 
      (d) 1980 
      (e) None of the given options is true

      Q9. Which one of the following rates is not decided by RBI? 
      (a) Repo rate 
      (b) Base rate
      (c) Bank rate 
      (d) MSF
      (e) None of the given options is true

      Q10. Every bank wishing to commence banking business in India is required to obtain a licence from?
      (a) Government of India, Ministry of Finance 
      (b) Government of India, Company Law Board 
      (c) Reserve Bank of India 
      (d) Registrar of Companies
      (e) None of the given options is true



      ANSWERS :

      1. c
      2. c
      3. d
      4. d
      5. a
      6. a
      7. b
      8. b
      9. b
      10.c


      Important Note:

      To receive the fastest updates on Bank Exams like IBPS, SBI, RBI, IPPB, etc. as well as all other ongoing as well as forthcoming exams, kindly subscribe to our website. All you have to do is enter your email in the pop-up that appears on the website when you first enter it on the home page. Once you’re subscribed, you will receive all the latest updates concerning all competitive exams.

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