Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

Reserve Bank of India's headquarters is at

A.
Mumbai
B.
Bangalore
C.
Hyderabad
D.
Chennai

Solution:

The correct answer is Mumbai. The headquarters of the Reserve Bank of India is in Mumbai, Maharashtra. Additional InformationReserve Bank of IndiaIt falls under the jurisdiction of the Ministry of Finance. Functions of RBI include:Issue of Bank NotesBanker to Government i. e. manages the banking needs of the governmentRepresents the Government of India as a member of the IMF and the World Bank. Custodian of Cash Reserves of Commercial BanksCustodian of Countrys Foreign Currency ReservesLender of Last Resort. Controller of Credit i. e. Managing money supply (Liquidity)General information about RBIGovernor- Shaktikanta Das (as of August 2022)Established on 1 April 1935 in Kolkata. Moved to Mumbai in 1937.

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