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RBI GK Questions 2026

The static part of RBI exams is mostly economics and finance. The Grade B advertisement lists the syllabus of Paper-I, Economic and Social Issues: growth and development, national income, poverty and employment, sustainable development, the Indian economy since the reforms of 1991, money and financial markets, the role of banks and the Reserve Bank, public finance, agriculture, industry and services, the balance of payments, the IMF, the World Bank and the WTO, and India's social structure. Paper-III, General Finance and Management, adds the functions of the RBI, the banking system, SIDBI, EXIM Bank, NABARD, NHB and NaBFID, financial markets, financial inclusion, the Union Budget and inflation. These topics also feed the General Awareness tests of Grade B Phase-I and the Assistant Main, alongside static facts such as the heads and headquarters of institutions. This page holds GK24's topic-wise GK notes for RBI exams, written as short facts and tables so that a topic can be revised in one sitting, in English and Hindi. Read a topic, then solve its quiz and previous-year questions on this site to check what you retained. For the descriptive part of ESI, turn each note into a one-page answer outline.

RBI GK Questions with Answers

Q1222.Indian EconomyMedium

When the Reserve Bank raises the repo rate to control inflation, the likely immediate effect is that

  1. A.Credit becomes costlier and the growth of money supply slows
  2. B.Credit becomes cheaper and borrowing rises
  3. C.The fiscal deficit of the central government falls automatically
  4. D.The statutory liquidity ratio rises in the same proportion
Show answer
Correct answer: A. Credit becomes costlier and the growth of money supply slows

A higher repo rate raises the cost at which banks borrow from the Reserve Bank, so they raise their own lending rates.

Q1223.Indian EconomyHard

Under the minimum reserve system followed by the Reserve Bank of India since 1957, the Bank must hold reserves of

  1. A.Two hundred crore rupees, of which gold is at least one hundred and fifteen crore rupees
  2. B.One hundred and fifteen crore rupees, of which gold is at least eighty five crore rupees
  3. C.Two hundred crore rupees, all of it in gold
  4. D.Five hundred crore rupees, of which gold is at least two hundred crore rupees
Show answer
Correct answer: A. Two hundred crore rupees, of which gold is at least one hundred and fifteen crore rupees

Under the minimum reserve system adopted in 1957 the Bank keeps assets of at least two hundred crore rupees against the notes it issues, of which gold must be worth at least one hundred and fifteen crore rupees and the rest is held in foreign securities.

Q1224.Indian EconomyMedium

The one rupee note in India is issued by the Government of India and bears the signature of the

  1. A.Governor of the Reserve Bank of India
  2. B.Finance Secretary
  3. C.Union Finance Minister
  4. D.Deputy Governor of the Reserve Bank of India
Show answer
Correct answer: B. Finance Secretary

The one rupee note is not a Reserve Bank note at all: it is issued by the Government of India through the Ministry of Finance, is a legal tender note of the government and carries the signature of the Finance Secretary.

Q1225.Indian EconomyMedium

Which of the following is a qualitative instrument of credit control?

  1. A.Open market operations
  2. B.Margin requirements
  3. C.Cash reserve ratio
  4. D.Repo rate
Show answer
Correct answer: B. Margin requirements

A margin requirement is the part of the value of a security that the borrower must fund from his own resources; by raising it for loans against a particular commodity the Bank can discourage credit flowing into speculation in that commodity without touching the total supply of credit.

Q1226.Indian EconomyHard

The cash reserve ratio that banks must maintain with the Reserve Bank is prescribed under

  1. A.Section 42 of the Reserve Bank of India Act, 1934
  2. B.Section 24 of the Banking Regulation Act, 1949
  3. C.Section 22 of the Reserve Bank of India Act, 1934
  4. D.The Foreign Exchange Management Act, 1999
Show answer
Correct answer: A. Section 42 of the Reserve Bank of India Act, 1934

It requires every scheduled bank to keep with the Reserve Bank a cash balance calculated on its net demand and time liabilities, and this proportion is the cash reserve ratio.

Q1227.Indian EconomyHard

The Monetary Policy Committee was given statutory basis by amending the Reserve Bank of India Act through which law?

  1. A.The Finance Act, 2016
  2. B.The Banking Regulation Act, 1949
  3. C.The Fiscal Responsibility and Budget Management Act, 2003
  4. D.The Foreign Exchange Management Act, 1999
Show answer
Correct answer: A. The Finance Act, 2016

It amended the Reserve Bank of India Act, 1934 to insert the provisions on the inflation target and on the Monetary Policy Committee, so that the policy rate is now set by a committee and not by the Governor alone, and the framework of flexible inflation targeting became law.

Q1228.Indian EconomyEasy

How many members does the Monetary Policy Committee of India have?

  1. A.Four
  2. B.Five
  3. C.Six
  4. D.Seven
Show answer
Correct answer: C. Six

Three of them come from the Reserve Bank, the Governor as chairperson, the Deputy Governor in charge of monetary policy and an officer of the Bank nominated by the Central Board, and three are appointed by the central government from among persons of ability and integrity with knowledge of economics…

Q1229.Indian EconomyEasy

The repo rate is the rate at which

  1. A.Commercial banks park their surplus funds with the Reserve Bank
  2. B.The Reserve Bank lends short term funds to commercial banks against government securities
  3. C.A bank lends to its most creditworthy customers
  4. D.The government borrows from the open market
Show answer
Correct answer: B. The Reserve Bank lends short term funds to commercial banks against government securities

In a repurchase agreement a bank sells government securities to the Reserve Bank and agrees to buy them back the next day at a fixed price; the difference is the interest, and the rate is the repo rate.

Q1230.Indian EconomyEasy

The Reserve Bank of India was nationalised with effect from

  1. A.1 April 1935
  2. B.1 January 1949
  3. C.15 August 1947
  4. D.19 July 1969
Show answer
Correct answer: B. 1 January 1949

The Bank began as a shareholders' institution, and the Reserve Bank (Transfer to Public Ownership) Act, 1948 transferred its shares to the central government with effect from the first day of 1949, since when it has been fully owned by the Government of India.

Q1232.Indian EconomyHard

Under the Minimum Reserve System followed in India since 1957, the Reserve Bank must maintain a minimum reserve of

  1. A.Two hundred crore rupees, of which one hundred and fifteen crore is in gold
  2. B.One hundred crore rupees, entirely in gold
  3. C.Five hundred crore rupees, entirely in foreign securities
  4. D.One thousand crore rupees in government bonds
Show answer
Correct answer: A. Two hundred crore rupees, of which one hundred and fifteen crore is in gold

Under the Minimum Reserve System, adopted in 1957 in place of the earlier proportional reserve system, the Reserve Bank has to hold assets worth at least two hundred crore rupees against the notes it issues, of which gold must account for one hundred and fifteen crore and the remaining eighty-five…

Q1234.Indian EconomyMedium

The cash reserve ratio refers to the portion of a bank's deposits that must be

  1. A.Kept as cash with the Reserve Bank of India
  2. B.Invested in shares of listed companies
  3. C.Held by the bank itself in gold and approved securities
  4. D.Lent to the priority sector
Show answer
Correct answer: A. Kept as cash with the Reserve Bank of India

The cash reserve ratio is the share of a bank's net demand and time liabilities that it must maintain as cash balances with the Reserve Bank.

Q1235.Indian EconomyMedium

NABARD, the apex institution for rural and agricultural credit in India, was established in which year?

  1. A.1975
  2. B.1982
  3. C.1991
  4. D.2005
Show answer
Correct answer: B. 1982

The National Bank for Agriculture and Rural Development was set up on 12 July 1982 on the recommendation of the committee headed by B. Sivaraman, and it took over the agricultural credit functions until then performed by the Reserve Bank and the refinance work of the Agricultural Refinance and Development…

Q1237.Indian EconomyMedium

In India, the one rupee note is issued by

  1. A.The Reserve Bank of India
  2. B.The State Bank of India
  3. C.The Government of India
  4. D.The Security Printing and Minting Corporation
Show answer
Correct answer: C. The Government of India

The one rupee note and all coins are issued by the Government of India through the Ministry of Finance, and the one rupee note carries the signature of the Finance Secretary rather than that of the Governor of the Reserve Bank.

Q1239.Indian EconomyEasy

The repo rate is the rate of interest at which

  1. A.Commercial banks lend to their prime customers
  2. B.The Reserve Bank lends short-term funds to banks against government securities
  3. C.The Reserve Bank borrows surplus funds from commercial banks
  4. D.Banks pay interest on savings deposits
Show answer
Correct answer: B. The Reserve Bank lends short-term funds to banks against government securities

In a repurchase or repo transaction a bank sells government paper to the Reserve Bank and agrees to buy it back shortly afterwards at a slightly higher price; the difference works out as interest at the repo rate.