Reserve Bank of India
PART-A Unit-V: Indian Economy and Development Administration in Tamil Nadu
Previous Year Questions (PYQ) for this topic
Every TNPSC question asked from this topic, compiled as a PDF. · PDF 7.2 MB
Indian Economy – Reserve Bank of India (RBI) – PYQ Points
- Functions of the Reserve Bank of India: (i) Issuing currency and rupee notes, (ii) Acting as banker to the Government, and (iii) Regulating the credit system of the country.
- The Chairman of the Central Board of Directors of the RBI is the RBI Governor.
- Correct statements regarding RBI: (i) RBI is the custodian of foreign exchange and (iv) It manages government receipts and makes payments on behalf of the Government.
- Functions performed by RBI: 1. Issuing currency, 2. Controlling exchange rate, and 4. Regulating commercial banks.
- The Credit Authorisation Scheme was introduced by the Reserve Bank of India.
- The paper currency system is managed by the Central Monetary Authority.
- Not a direct measure to control inflation by the Government and Central Bank: Financial Inclusion. (Monetary policy, fiscal policy and price control help control inflation).
- Major reports of RBI: (i) Account of Issue, (ii) Weekly Statement, and (iv) Annual Balance Sheet.
- Functions of RBI: 1. Issue of Currency, 2. Banker to the Government, 3. Banker’s Bank, and 4. Exchange Management and Control.
- Non-monetary functions of
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