IMPORTANT INFORMATION ON RBI

IMPORTANT INFORMATION ON RBI

1. Reserve Bank of India started its operations on-01 Apr 1935

2. Reserve was nationalised in ---1949

3. The maximum number of Deputy Governors RBI can have--4

4. Number of regional offices of RBI --28

5. RBI can issue notes upto the value of ---Rs. 10,000/-

6. As per Indian Coinage Act 1 Re coins can be used to pay/settle ------Any amount

7. As per Indian Coinage Act 0.50 ps coins can be used to pay/settle----- Amount not exceeding Rs. 10.

8. As per Indian Coinage Act coins worth less than 0.50 ps can be used to pay/settle----- Amount not exceeding Re. 1.(no longer applicable)

9. The logo of RBI has---A palm tree and a tiger

10. The H.O. of the RBI is in---Mumbai

11. The maximum amount for which customer's deposit is insured in a bank----Rs. 1,00,000

Institutions established by RBI and Head Office

1. Deposit Insurance and Credit Guarantee Corporation--Mumbai
2. National Housing Bank --New Delhi
3. National Bank for Agricultural and Rural Development--Mumbai
4. Securities Trading Corporation of India --Mumbai
5. Bharatiya Reserve Bank Note Mudran Private Limited--Bangalore
5. Industrial and Development Bank of India - Mumbai