1. Based on the recommendations of which commission was the RBI founded in 1935?
Hilton Young Commission
2. When was the Reserve Bank originally privately owned but wholly owned by the Government of India?
3. In which cities are the Reserve Bank Staff College and the College of Agricultural Banking, the training schools for the officers of the RBI?
Chennai and Pune
4. Which former RBI governor went on to become Prime Minister of India?
dr Manmohan Singh
5. The RBI can issue as many notes as the country needs, provided how much collateral is in place and how much of that should be foreign exchange reserves?
₹200 crore, of which 85 crore must be in forex reserves
6. Aside from India, the RBI has been the central bank for two of our neighbors. Name the countries.
Pakistan and Burma (now Myanmar)
7. What was the highest denomination note printed by the RBI? It happened in 1938 and 1954.
8th. What is special about the letters “I, J, O, X, Y and Z” in the context of Indian banknotes?
They are not printed/marked on the number pad of the banknotes.
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