Results Congratulations!! You passed. Better luck next time. #1. What was the initial nature of the Reserve Bank of India (RBI) when it was founded? State-owned bank. State-owned bank. Cooperative bank. Cooperative bank. Public shareholders' bank. Public shareholders' bank. Private shareholders' bank. Private shareholders' bank. #2. What year was the RBI nationalized and brought under state ownership? 1935. 1935. 1947. 1947. 1949. 1949. 1955. 1955. #3. What is the primary objective of the RBI's monetary policy? Facilitating international trade. Facilitating international trade. Achieving high employment rates. Achieving high employment rates. Maintaining price stability and fostering growth. Maintaining price stability and fostering growth. Maximizing economic growth. Maximizing economic growth. #4. Which act empowers the Reserve Bank of India to oversee and manage the foreign exchange in India? Foreign Exchange Regulation Act, 1956. Foreign Exchange Regulation Act, 1956. Foreign Exchange Management Act, 1999. Foreign Exchange Management Act, 1999. Foreign Exchange Regulation Act, 1973. Foreign Exchange Regulation Act, 1973. Foreign Exchange Management Act, 1989. Foreign Exchange Management Act, 1989. #5. What distinguishes the Reserve Bank of India's role as the issuer of currency? It issues currency in cooperation with private banks. It issues currency in cooperation with private banks. It has exclusive rights to issue currency notes in India. It has exclusive rights to issue currency notes in India. It issues currency based on demand from state governments. It issues currency based on demand from state governments. It only issues coins and not paper currency. It only issues coins and not paper currency. Next Post navigation Money supply Monetary policy