Correct Answer : 1935
On 1st April 1935, the currency function moved from Controller of Currency to RBI. Section 22 of the RBI Act 1934 makes provided that RBI has the sole right to issue Bank notes of all denominations.
Correct Answer : Calcutta
Original headquarters of RBI were in Calcutta(Kolkata), but in 1937, it was shifted to Shahid Bhagat Singh Marg, Mumbai.
Correct Answer : C. S. Kalyan Sundaram Committee
A Committee headed by Shri C. S. Kalyan Sundaram went into the aspects of factoring services in India in 1988,which formed the basis for introduction of factoring services in India.
Correct Answer : Kanjipoorum
In 1904, Cooperative Credit Societies Act, was enacted. The first society registered, under the Cooperative Societies Act 1904, was in Kanjipoorum now in Tamil Nadu.
Correct Answer : 90 days
According to RBI, terms loans on which interest or installment of principal remain overdue for a period of more than 90 days from the end of a particular quarter is called a Non-performing Asset.
Correct Answer : Nagpur
Reserve Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section, Nagpur.
Correct Answer : DNBS
Department of Non-Banking Supervision or DNBS regulates and supervises the Non-Banking Financial Companies (NBFCs).
Correct Answer : Indian Overseas Bank
The Indian Overseas Bank has launched 'IOB Trendy', a savings account customized for the growing millennial population in the country by keeping their banking preferences in mind.
Correct Answer : Hilton-Young Commission
Hilton-Young Commission was the Royal Commission on Indian Currency and Finance set up by British Government of India in 1920s. In 1926, this commission had recommended to the government to create a central bank in the country. On the basis of mainly this commission, the RBI act was passed.
Correct Answer : Rs 21
Presently banks are allowed to charge from customers a maximum of Rs 20 per transaction. RBI has increased this limit to Rs 21 per transaction w.e.f January 1, 2022.
