MCQ
Q.
Where is the Headquarter of RBI located?
Correct Answer: A
The correct answer is Mumbai.
- The central office was initially established in Calcutta but was permanently moved to Mumbai in 1937.
Key Points
- About RBI: (as of June 2021)
- The Reserve Bank of India was established on 1st April 1935.
- Was established on the recommendation of the Hilton Young Commission.
- The RBI was nationalized with effect from 1st January 1949.
- Four local boards of RBI are located in four regions of the country Mumbai, Delhi, Chennai, and Kolkata.
- RBI is headed by the Governor, current Governor of RBI is Shri Shaktikanta Das (25th Governor)
- The first Indian Governor of RBI was CD Deshmukh.
- Functions of RBI:
- Issue currency,
- Control credit,
- Acts as National Clearinghouse.
- Also known as Banker's bank, Banker to the government.
- The Reserve Bank of India was established on 1st April 1935.
- Raghuram Rajan (23rd) and Urjit Patel (24th) former Governors of RBI.


