Know Everything about Reserve Bank of India for Bank Exams

Who is RBI CEO?

The Reserve Bank of India (RBI) does not have a CEO. It is headed by a Governor, who is the chief executive of the central bank. The current Governor of RBI is Shaktikanta Das.

Is RBI exam tough?

The difficulty of RBI exams can vary from person to person based on individual preparation, background, and aptitude for the subjects tested. RBI exams are generally considered to be competitive and have a reputation for being challenging, especially when compared to some other banking exams in India.

The difficulty level can also depend on the specific role or grade for which the exam is conducted, as RBI conducts exams for various positions with different requirements.

To excel in RBI exams, candidates often need a strong understanding of banking and economic concepts, excellent analytical skills, and rigorous preparation. It's essential to study comprehensively and practice past papers to increase the chances of success.

Who is founder of RBI?

The Reserve Bank of India (RBI) was not founded by a single individual. It was established on April 1, 1935, as a result of the recommendations of the Hilton Young Commission. The commission was appointed by the British government to review India's monetary and banking system. The RBI was set up as a shareholders' bank, with both private and government shareholders. However, it was nationalized in 1949, and since then, it has been fully owned by the Government of India.

How many RBI are there in India?

The Reserve Bank of India (RBI) is a single, central banking institution in India. There is only one RBI in the country, and it serves as the central bank, responsible for issuing and regulating the Indian Rupee, formulating and implementing monetary policy, and supervising the banking and financial system in India.

Where RBI prints money?

The Reserve Bank of India (RBI) prints currency notes at four different locations in India:

1. Nashik: The Currency Note Press (CNP), Nashik, is the largest of the four presses and is located in Nashik, Maharashtra. It was established in 1928 and is responsible for printing banknotes of all denominations, except for ?1 notes.

2. Dewas: The Bank Note Press (BNP), Dewas, is located in Dewas, Madhya Pradesh. It was established in 1975 and is responsible for printing banknotes of all denominations, except for ?1 notes.

3. Mysuru: The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), Mysuru, is a subsidiary of the RBI and is located in Mysuru, Karnataka. It was established in 1995 and is responsible for printing banknotes of all denominations, including ?1 notes.

4. Salboni: The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), Salboni, is another subsidiary of the RBI and is located in Salboni, West Bengal. It was established in 2000 and is responsible for printing banknotes of all denominations, including ?1 notes.