TYBBI- Central Banking

Original Purpose of Central Banks was

• War Financing

• Issuance of Currency

• Banker to the Bank

• Banker to the government

Central Banks were emerged first in

• Eurpoe

• America

• Australia

• Asia

First Central Bank in the world was established in India

• True

• False

__________ is not the reason for the emergence of the central bank.

• Globalization

• Increased Trade

• Booms of the Service Sector

• Formation of Regional Blocks

RBI was initially a Private Bank.

• True

• False

RBI was formed on the recommendation of___________

• Hilton Young Commission

• Aruther Commission

• Nicholas Commission

• Duckworth Commission

RBI Act was enacted in

• 1930

• 1934

• 1932

• 1936

RBI was established in ________

• 1935

• 1942

• 1949

• 1990

RBI was nationalised in _________

• 1942

• 1947

• 1949

• 1945

The following was not the Presidency Bank

• Bank of Travancore

• Bank of Bombay

• Bank of Madras

• Bank of Mysore